Friday, October 10, 2008

A lack of understanding

We come to the end of week in which we’ve seen the stock market drop precipitously. The indicators from Asia and Europe point towards another tough day for equities.

Each morning, I get up and turn on CNBC while I go through my morning exercise routine, then, sit down with a cup of coffee and check out the price of oil, listen to a the tripartite host team on Squawk Box and then, it's time to preen and prep for the day.

Interestingly, other than my sister and my wife, no one I have contact with seems to be aware of the gravity of what’s happening in global capital markets.

What do people do with their nonworking time? What will it take to have people acquire an understanding of events that goes beyond Obama/McCain?

There are a few places where the possibilities are talked about, but it appears that people I rub shoulders with are tuned to a different station.

I’ll spend my day at a conference on sustainable growth. The irony is not lost on me. I’m curious to see if Maine’s supposed leaders have any sense of what’s going on in the world, and recognize that subsistence, rather than growth, might be something Mainers are more focused on in the coming months.

Tonight, I'll engage with the bread and circuses of baseball, becoming one of the sheeple, finding pleasure in a simple game.


Jaye Spencer said...

Your comments reminded me of a bumper sticker I saw on a truck one day. It said "I see stupid people."

Eve Channing said...

Jim, indeed, it is sad that no one around you is sensing the danger we are in as a country. My co-workers, too, are avoiding the day of reckoning. They tell me their 401k statements have arrived, but they are not opening them yet, as Jim Cramer has recommended.

I continue to open my mail, some days with trepidation. Today, though, I received the trifecta of perfect postal parcels: a letter from a dear friend, a catalog from "Nervous Nellie's Jams and Jellies" (located in Deer Isle), and a catalog from "Saturn Press" (located on Swan's Island). Saturn Press makes beautiful cards in the letterpress tradition and they do no internet business. I think I will suspend my frugality for a day or so and order some cards and jam; then, I'll write that letter to a dear friend. We will pick up the battle again when the sun rises. Carry on.

Jim said...


Thanks for you pertinent comment. At times like these, it's essential that we remember the good things around us (many of them local, and figuratively, right under our noses).

Imagine that, a successful business in the 21st century conducting business the old-fashioned way, creating value and emanating values.