Determining who is responsible for the most frightening financial meltdown since the Great Depression requires some clarification of the facts. The first is this: blaming America’s housing collapse for the crisis is simplistic and deceptive. The Economist reports that by 2006 the total value of sub-prime mortgages amounted to $600-billion. That total had probably increased […]
Terence Beney
Once, while his greyhound from Washington D.C. to San Francisco was on a breakfast stop, Terence Beney met an American princess from an all-girl pre-law college and a forty year old man who was heading back to his trailer (parked in his parents back yard) after breaking up with the girl he met on the internet because she wanted to have a threesome with another guy. It was the best conversation he had ever had, so he jumped his bus and snuck on to theirs instead. That used to be his speed.
Today Terence is a social scientist earning a living as a partner in a leading research consultancy, but his grand ambition is to win the Nobel Prize for infrequently published minor poets. If Zen Buddhism had a devil, Terence would be it: he is too deeply invested in everything he has no control over to ever achieve anything other than the opposite of transcendence (scendence?). Which is why he blogs.
Things have clearly deteriorated.
The children sense Daddy Warbucks’ mood
I am busy scribbling away at the nefarious second installment of the diabolical trilogy on the credit crunch. It’s the one about who is to blame and should be a big hit, what with us being bloggers and readers of blogs. Blaming for us is like blaring for a chairman when an impertinent shareholder dares […]
Can you count to a trillion?
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. — Charles Mackay in Extraordinary Popular Delusions and the Madness of Crowds Men go crazy in congregations, they only get better one by one — […]