Lately I have been avoiding observation interaction with the financial markets. Perpetual bad news has been getting me down. Today I was motivated to stick my head up and peek at the financial weather.
The world seems to be blissfully spinning with no notion of coming financial trouble. I was quickly discouraged. The insecurity and instability of federal and corporate bonds seems terrible. The two potential outcomes seem equally destructive.
If the bond market fails (meaning that defaults exist everywhere), financial systems worldwide will collapse. This would mean panic, war, death, and worldwide depression.
If central banks print money to bail out the debt markets, inflation will steal purchasing power quickly. This would not be as bloody, but the end result would be similar. In conclusion, I am reluctant to watch the action.
I return to my cave to watch and pray. My personal situation is as good as possible.
For the sake of our young ones, I weep. Their future seems grim. I hope I’m wrong.
*. *. *
On a side note, as a child I remember hearing similarly dismal predictions for my generation’s future. My grandparents could see no hope for my generation.
Perhaps my perspective is a natural point of view. My age and reluctance to keep struggling with the future my be a generationally common problem.
Will things ever change?
Here is today’s beauty.
