Lemmings..

Lately I feel like we are all caught in some crazy fire drill where people are histerically trampling each other running from a bomb threat that is really just a stink bomb someone lit off in the boys bathroom. What never needed to be a tragedy suddenly becomes one as people are injured or killed in the crush to run from the perceived threat.

The US economy is suffering from mass hysteria piling on top of the real problems that do exist. We apparently forgot everything we learned in those orderly fire drills freom elementary school. As CFO's and investors tighten their belt they feed the now self fullfilling prophecy that at least in the near future our economy will be in recession. But while it is frustrating to watch this effect ripple through the economy who can blame them?

Want to know where to place some of the blame? Listen to the "This american life" podcasts below

These guys from this american life did a great job of explaining what triggered the current financial avalanch without using tons of market jargon and in an interesting story telling style. They lead you through the story with interviews of people in every step of the financial lending/investing chain.
http://www.thislife.org/radio_episode.aspx?episode=355

Here they explain how the CDS vehicle made things even worse.
http://www.thislife.org/Radio_Episode.aspx?episode=365


And then ther is the fuel thrown on the fire from yesterday if you are bored and want to do some reading.
http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20081029.pdf

Testing...1..2.. is this thing on?

BBwaaa....guess who's back! Not sure why I stopped blogging, not sure why I am starting again, guess I just felt like it. Okay so here's the quickk 411 on what has passed in our lives over the last 21 months;

- married the coolest guy ever, and got an awesome family-in-law in the deal

- moved to a cute little place in Redwood City

- got a cat that pretty much owns us

- my sister moved to the Big Apple

- Allie & Mike decided they should swap coasts again and moved to NY as well

I'm sure theres more, but it escapes me right now. I guess I'll update the rest as it comes to me.

So on to other subjects that tickle my fancy.

Heard on the news today that in Barcelona they have successfully transplanted a womans damaged esophagus with one grown from stem cells. This is amazing. Why can't we do this in the US? Ok, thats a rhetorical question, but seriously. You would think we would be the first on the bal with this kind of advance. Not just because it obviously has amazing potential to help people but because it is in our countries best self interest to be at or near the head of the technology curve. The classic saying "innovate or die" is especially appropriate considering our current economic woes.

Ok...off to bed for now.