Monday, November 23, 2020

Tag: Hammer Time

Hammer Time


by James Howard Kunstler, Kunstler:

Looks like somebody threw a dead cat onto Wall Street’s luge run overnight to temporarily halt the rather ugly 2000 point slide in the Dow Jones Industrial Average — and plenty of freefall in other indices, including markets in other countries. A Friday pause in the financial carnage will give the hedge funders a chance to plant “for sale” signs along their Hamptons driveways, but who might the buyers be? Hedge funders from another planet, perhaps? You can hope. And while you’re at it, how do you spell liquidity problem?

Welcome to the convergence zone of the long emergency, where Murphy’s law meets the law of unintended consequences and the law of diminishing returns, the Three Amigos of collapse. Here’s where being “woke” finally starts to mean something. Namely, that there are more important things in the world than sexual hysteria. Like, for instance, your falling standard of living (and that of everyone else around you).