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June 7th, 2009

11:56 am: One of the hallmarks of a bear market
http://exiledonline.com/depression-porn-gaming-the-real-estate-market/

Is when prices go down and people feel good about it.

Contrary to just about every single economic metric — rising unemployment, rising credit card debt, falling production, spiraling real estate values — people are optimistic.

Bull markets are the opposite, prices rise and people either get scared about it or pooh pooh it or ignore it.

07:02 pm: Feel the '70s


08:28 pm: Feel the '70s


08:39 pm: Never forget, America is a racist country
http://www.nytimes.com/2009/06/07/us/07baltimore.html?_r=1&hp

You think all that hate went away in the '70s, when they passed the final series of laws guaranteeing civil rights to all? Nah.

It just got suppressed. And when hate is suppressed, it doesn't go away, oh no. Everything goes somewhere. Everything. Nothing is lost.

The old 20th century racial atrocities were so crude, so blunt, so stupid, so obvious. Welcome to the 21st century, where everything has become oh so more subtle, so much more refined, so much more indirect and unobvious now. But the burning hate that fuels it, that hasn't changed it seems.

I'm not sure what the answer to any of this is. Maybe like that ghosty guy said in the '02 version of the movie Solaris, there are no answers - only choices.

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