Category Archives: Like the Great Depression

Intelligent Pessimism and Reasonable Hope

Some of us are natural pessimists. As mentioned before, those of us of Czech descent are fine with Kafka, born in Prague and writing there, and famous for those absurdist things he wrote – The Metamorphosis (1915), where a fellow … Continue reading

Posted in CNBC, Cynical Realism, Depression or Recession, Economic Issues, Economic Reporting, Financial Meltdown, Intelligent Pessimism, Like the Great Depression, Reasonable Hope, Reporters as Cheerleaders, The Czech Attitude | Leave a comment

Out of Control

As this extraordinary year ends you get news stories like this:   Investors are preparing to close out the last three trading days of 2008, a year in which Wall Street has logged its worst performance since Herbert Hoover was … Continue reading

Posted in 1873, Accepting Ambiguity, Arguing with Conservatives, Blame for Economic Crisis, Bush Legacy Project, Condoleezza Rice, Conservative Thought, Economic Meltdown, Ed Yong anf Not Exactly Rocket Science, FDR and the New Deal, Feelings of Control and Delusion, Financial Meltdown, Hoover Again, Like the Great Depression, Republican Delusions | Leave a comment

Change Coming, in the Form of Doom

Some of us find perky optimists really irritating. Turn that frown upside down, embrace life, and sing that damned song from Annie, Tomorrow. The clip at the link shows the impossibly cute orphan singing the song to FDR, while a … Continue reading

Posted in Deflationary Spiral, Fed Cuts Interest Rate to Zero, Financial Meltdown, Like the Great Depression, Liquidity Trap, Monetary Policy, The Economy, Unjustified Reality-Free Optimism | Leave a comment

No One to Blame, Really, And It May Not Matter

Black Friday is the Friday after Thanksgiving, the beginning of the traditional Holiday shopping season – but it’s supposed to be a good day. Lots of folks have the Friday after Thanksgiving off and the stores are jammed, as duty, … Continue reading

Posted in Bailing Out Detroit, Credit Freeze, Economic Meltdown, Financial Meltdown, GM Bailout, Like the Great Depression, The Coming Great Depression, The Economy, Who to Blame for Economic Collapse | 1 Comment

The Shape of Things to Come

Future History, as a genre, is a hoot, but oddly compelling – you look around you and, seeing what you see, you extrapolate. The classic comes from 1933 – H. G. Wells’ The Shape of Things to Come. From the … Continue reading

Posted in Baltic Dry Index (BDI), David Brooks, Economic Crisis, FDR and the New Deal, Financial Meltdown, Future History, Like the Great Depression, The Big Bailout, The Coming Great Depression, The Economy | 1 Comment

The Fallacy of Misplaced Concreteness

You never get far with philosophy jokes. No one gets them. Out here in Los Angeles, whenever they were building a new freeway – they used to do that before the state ran out of money – there’d be all … Continue reading

Posted in Blame for Economic Crisis, Bush - Lame Duck, Bush's Personality, Economic Meltdown, Fallacy of Misplaced Concreteness, Financial Meltdown, Like the Great Depression, Sure but Quite Wrong, The G20 Summit | 1 Comment

Somewhat of a Perfect Storm

That Wolfgang Petersen movie from eight years ago, The Perfect Storm, really doesn’t hold up well. Oh, the production values were fine and the acting was more than adequate, but if you look at the awards it won those were … Continue reading

Posted in Economic Meltdown, Financial Meltdown, Like the Great Depression, McCain Defends Obama, McCain Gets Booed, McCain Traps Himself, McCain's Perfect Storm, Palin Found Abusing Power, Palin Scandals, Stock Market Crash, The Crash of 2008, Troopergate | 1 Comment