I am working in Switzerland for a month. So far I have missed the U.S. daylight savings switch and now Panic Day (good thing it's not Panic Week, or it would be exhausting), while I will be back home in the DC area in time to miss both European daylight savings time and International Panic Day. I could not have planned it better. Except for having to schlep to the airport so early on my way back.

We have a reporter at our local CBS affiliate whom they like to send to Wall Street for the morning Economy in the Crapper story. The other day someone walked by him muttering "Fear and gloom," and the reporter thought it was about the stock market.

I've posted before about the pause before the last three words that TV reporters use just before going to the tape. How about:

"Last night markets closed down on the news that one day every single one of us will be dead. Leading investment analysts are saying that this news from the CDC has killed any chance of a rally today, just as death itself...kills us all."

I'm waiting for the first Baby Boomer to sue the government for not insuring that he/she will live forever. "Hey, man, the Constitution, like, says that we've got the right to life, liberty and the pursuit of whatever. I'm like, gonna die here, and what's the government doin' about it? Nothin' I can see."

(NSFW)

Once again it's National Panic Day and I completely forgot about it!! I didn't even get anyone a card about it!!! And it's too late to get any now!!!!

"yes, and now it's time for the ether. soak up a big towel full of it and throw under the news desk so it rises in your face."

"thank you for that report. back after this message. maybe."

those who care to study the economy know there are shares and bonds... and then there are businesses on the street that affect our daily lives. we shop there. or we run them.

or we drive by quivering. and that's what has been going on overall. THAT is the news that is panic on Wail Street... that and the big bankers bought 1/3 kerappe and 2/3 silly loans from too many slicks.

those pairs of numbers ride into the tank, and Wail Street shorts start crashing companies' net worth. and the circle grows tighter as some pioneers shoot their horses to hide behind them. well short of the free land on the frontier.

there's your lesson on panic for today. if you're sitting on a pile, periodically check to see what it's made of.

better yet, get out and do something.

--
if this is a new economy, how come everybody wants my old-fashioned money?

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