Tuesday, September 16, 2008

The Perfect Storm

What an interesting time to live in. I just had Hurricane Ike skirt near me. My neck of the woods just got a little rain and wind. As far as power outages go, the counties all around mine were hit harder. I was very fortunate. It is not far to places that were devastated.

I am inclined to pay the "What if?" game. What if world events combined into the perfect storm? Here is my list off the top of my head, in no particular order, of big problems:

- Mortgage crisis - this thing is just getting started. There are mortgages not as bad as the sub-primes that have not gone sour yet. Lots of mortgages were granted to people who didn't verify their income (or exaggerated their income). Just wait.

- All credit dries up and there is nothing left to stimulate the economy until the mortgage crisis is cleaned up.

- All the sovereign wealth funds and foreign investors lose trust in the US economy and stop investing here. That hurts the economy.

- Pakistan - Musharraf is gone and crazies may be have closer ties to the power (and nukes).

- Iran - Mahmoud Ahmidenijad is nuts.

- Venezuela - Chavez is also nuts.

- Russia, loaded with petro-wealth, is looking to become a bear again. With a dying population, they know they need to make a move now to regain old power.

- The US Dollar weakens because the American consumer has nothing extra for anything other than oil.

- Food shortages caused by commodity price inflation.

- Disease running rampant across Africa and other places.

Now, what if all these things blew up - literally and figuratively - at once? I think John McCain, Sarah Palin, Barack Obama, and Joe Biden should all be sent to the loony bin and tested for insanity for seeking the Presidency and Vice-Presidency. No wonder so few actually want that job. It is entirely possible that things will work out well in the end (if the time horizon is long enough, it always works out). I could just be worried because I graduate soon and need to find my way through murky water.

I have my preference on the winner of the next election, but I pray that God helps whoever wins to use the power of the Presidency well. We can't afford to have a president chasing windmills.

1 comment:

Jason E said...

Glad to hear you made it through Ike alright.