Thursday, January 17, 2008
Dreaming is fun!
I'm sooo frickin' excited. Containing it is nearly impossible. See, a few days ago I was watching the stock market crash with detached amusement. Mostly because I'd dumped our last stock holdings the summer of July '06 just before going on vacation.
I did that because, being a natural born pessimist, I didn't want to worry about the market collapsing while at the beach, costing us thousands more than I'd budgeted for during our little foray to the Oregon coast. In other words, I wanted a vacation free from the worries of the real world and its irrationally exuberant economics.
But that was way back in July '06 and after returning from vacation, I watched as everyone who stayed in the market got richer, got fatter as I got more bitter. The huge market sell-off I expected never came. The market went up, up, up.
You know how difficult it is seeing friends "move on" to new cars, bigger houses with triple garages and built in vacuums as housing values soar along with the stock market as you sit there in crumbling suburbs left over from the 70's, fuming, growing bitter, earning 5% on a couple CD's as friends are making 10, 15, 20% or more?
Now - and suddenly - some sense of sobering rationality is returning to us all. The endless well Bush has been draining to finance his hubris everywhere is running dry and, oh shit (!), it's promising to ruin his presidential "legacy." (Note his last year in office promise last week to the Palestinians and Jews to return to "seriously" effect a solution there (after 7 years of doing nothing?!) It's as if Bush is suddenly realizing he may be leaving office and his two terms have given people nothing but misery. Now he wants to save himself from his image as global asshole.
Mind you, I'm not gloating as my friend's still in the market watch their savings grow smaller and smaller weekly. Hell, if we'd stayed in the market back in '06 we'd still be ahead of where we are today. No, as with all things financial, I'm now worrying about the security of our supposedly federally insured CD's should Bush's economics come home to roost with the sobering reality it deserves!
But as a result of today's news, I'm drooling at the prospect of what I'm going to do with the $300 Bush is planning to give me to save the nation from recession. (News: we're already in a fuckin' recession folks or, maybe worse, on the doorstep of a full blown depression!.)
While the $300 Bush is planning to give me to save the U.S. from economic meltdown is burning a hole in my pocket, I don't know whether to go out and buy two 4 gigabyte iPod nanos, 9.06 shares of Microsoft, or just fill up my gas tank . Anyone else been dreaming what they're going to do with their's?