We've come to fear life itself.
All Gain, No Risk: Fannie May, in yet another move to subvert the free market and compensate investors for their bad judgment, will make whole potential losses to investors by buying back 200,000 mortgages that are 120+ days delinquent from previously issued bundled securities. They'll warehouse the failing loans and get the taxpayer to pay for them later on. Ah, a risk free investment market, the basis of our capitalist society.
Plastics: Marc Faber, who got both the current mess and the 1987 crash right, has this word of advice: “Gold.” Also these: “Buy farmland.” He also suggest you might want “to consider more disruptive events than mere market volatility.” By which he seems to be saying: “Think war.” Me? I'm going over to Mrs. Robinson's.
The Experts: We docilely sit by our TV sets, listening to the experts explain how they will guide the tattered economies of the world through unimaginable levels of debt to some vaguely seen safe harbor. They try to distract us with charts and graphs and the flapping of hands from the disturbing fact that these very same experts neither predicted this debacle nor did anything to prevent it.
Revisionism: When the going gets tough, the tough turn to Washington. And Washington comes through for them, even as they gather around teapots and decry socialism. Last year Americans received more aid from the government than they paid in taxes. Read that again, slowly.
Readers Digest Version: Fifteen years ago the six largest US banks held assets equal to 17% of US GDP. Now they own stuff equal to 63% of our GDP and hold 32% of all FDIC deposits, not to mention their controlling interest in Congress, the White House, and our souls.
Cynicism Are Us: Sen. Lindsey Graham (R-SC) urges his fellow Republicans to stop attacking global climate change and embrace the idea – not because the science is right, but because young voters believe it to be true. Bush and Obama showed that telling 'em what they want to hear works.
Inappropriate Imaging: No, not the guys with the x-ray glasses at the airport. Not the ubiquitous cell phone snappers, either. About 25% of CT, MRI and PET scans ordered by primary care physicians are 'inappropriate' and do not contribute to the diagnosis or treatment of the patients. I would have guessed that even more than that were useless and ordered just to cover the doctors' behinds.
Don't Adjust Your Set: As more data piles up that the earth is warming and some start to realize that the immense snowfalls in parts of the US this year were predicted – increased precipitation, when it is in the high 20's and low 30's tends to come down as snow - a new explanation must be found by the denialists. It'll be El Nino, or the government deficit or something Al Gore did or the biggest conspiracy since the Illuminati. Anything but accepting we've been messing up for a long, long time.
Off Base: Babies' blood is routinely checked for various health conditions, including genetically based ones, often without parental knowledge. Some hospitals have apparently sent samples to the Armed Forces DNA Identification Laboratory for inclusion in their database, without anybody's admitted knowledge or consent. These things just happen, and don't you want to help the Army defend the country you Commie?
Neighborhood Watch: Grizzly bears are being spotted in Manitoba, Canada, where biologists say only polar bears are usually found. There goes the neighborhood.
The Daily Petard: “That there are a variety of climatological, meteorological, astrological, thermological, cosmological, and ecological dynamics that can effect [sic] world weather phenomena and that the significance and interrelativity of these factors is largely speculative.” South Dakota House of Representatives in HCR 1009.