wormhole---A short cut through space-time...
Falling asleep, a windy beach in 1978, sorry 1974, and thanks for the
heads up, Ocean City, NJ comes into view. A sunny yellow sailboat is out in the
big waves. Bang...a bubble bursts…interrupting the tranquillity.
There had been a joke on TV about a “paper” shortage this last
winter holiday, and it gets taken way too seriously by some. Evidently, those
creating and/or spreading the rumour discovered a “legal” way to make some funny
money. It appears to be a conspiracy in hindsight.
Folks bought tons more toilet paper than they could ever possibly
use. Talk about a self-fulfilled prophecy! And just take a guess at who had a
wee bit of extra paper for sale at an astronomical price as the paper was
disappearing? Guess who bet correctly when the bubble would burst, leaving the
rest with so much on hand they couldn’t give it away for free? It is funny now
but it was not funny back then. It demonstrated the hair trigger nature of a run
in the markets where information travels near the speed of light.
However, the real estate bubble that has finally
burst wide open on this evening of September 26, 2008, and the ensuing global
financial crisis will never, ever be even the tiniest bit humorous, from any
point in space-time, from any line of sight.
She will be named the Great
Recession.
Falling asleep, a windy beach in 1978, sorry 1974, and thanks for the
heads up, Ocean City, NJ comes into view. A sunny yellow sailboat is out in the
big waves. Bang...a bubble bursts…interrupting the tranquillity.
There had been a joke on TV about a “paper” shortage this last
winter holiday, and it gets taken way too seriously by some. Evidently, those
creating and/or spreading the rumour discovered a “legal” way to make some funny
money. It appears to be a conspiracy in hindsight.
Folks bought tons more toilet paper than they could ever possibly
use. Talk about a self-fulfilled prophecy! And just take a guess at who had a
wee bit of extra paper for sale at an astronomical price as the paper was
disappearing? Guess who bet correctly when the bubble would burst, leaving the
rest with so much on hand they couldn’t give it away for free? It is funny now
but it was not funny back then. It demonstrated the hair trigger nature of a run
in the markets where information travels near the speed of light.
However, the real estate bubble that has finally
burst wide open on this evening of September 26, 2008, and the ensuing global
financial crisis will never, ever be even the tiniest bit humorous, from any
point in space-time, from any line of sight.
She will be named the Great
Recession.