Convergence is finally upon us!
- Chinese overheating meet the West borrowing too much from China;
- The Web 2.0 bubble is bursting and may well have entirely flopped by 2:37 pm this afternoon;
- Tenuous consumer certainty in the stock market is evaporating again!
Stock markets around the world plummeted yesterday in a wave of selling set off by a plunge in China that was reinforced by worries of weakening economies...The NYT says it is like someone just snapped their fingers. Who snapped their fingers? Who was it? Was it you? Perhaps YOU!!! We will know better today if this is a blip, correction or the beginning of the endtimes which will see us all drinking tea and putting out but not eating maple leaf cookies at parties as we did back in the 1980s recession.
In other new, Castro's getting better. Kind of a kick in the goolies day for capitalism all around.

Comments
Hans - February 28, 2007 9:40 am
Confirming stereotypes, there is nothing like a collapse in global optimism to make the seemingly lightest of scots presbyterian hearts return to a natural state of dourness.
Alan - February 28, 2007 10:02 am
It's a bonnie, bonnie feeling tae know that hell is just arrrrroond the corrrnerrr.
Hans - February 28, 2007 10:54 am
It is a curious trait in the stereotype of the dour scot that he is willing (hopeful?) to endure an eternity in hell so long as all the other daft bastards he knows will suffer too but were foolish enough to hope to avoid the suffering. I'm not sure how this is linked to the games of golf and curling, but I know there is a connection.
gr - February 28, 2007 10:57 am
Be kinda funny if Uncle Fidel was still around in '08 to see YET ANOTHER US Presidential administration come and go and come....
Gordo - February 28, 2007 11:20 am
Golf is part of the Scot's preparation for hell. It's a lot like self-flagellation, but generally less bloody and more public.
gorthos - February 28, 2007 12:00 pm
Well, so long as the apocalypse waits a few weeks till I am in my Chalet, I am good.
In good news, my gold stock increased quite nicely over the past week and in fact only dropped 10% yesterday
Gordo - February 28, 2007 12:01 pm
The Dow dove 500 points in one hour ... Amazing
Hans - February 28, 2007 1:20 pm
Gordo, I knew there was something.
Shelley - February 28, 2007 9:56 pm
I confess - it was me. I snapped my fingers at one of the kids, and the next thing I knew, the market was falling like a spring rain. Sorry.
Plus, does anyone actually LIKE maple cookies?
Alan - February 28, 2007 10:15 pm
It was a recession. No one ate them yet he was still being hospitable.
Jay Currie - February 28, 2007 10:15 pm
I like maple cookies.
About every five years when a Brownie is finally able to run me to ground before I have scattered the pocket change to the four winds.
Fidel poses an interesting political problem for US Presidential politics: if he dies there is going to be all sorts of Cuban American agitation in Florida - land o'chad - for the candidates to explain what they are going to do about it. As there is, realistically, nothing to do, the bobbing and weaving should be spectacular to watch.
portland - February 28, 2007 11:07 pm
i like those cookies too although i gotta tell you that at the parties i was going to, we ate them.
ry - March 1, 2007 8:25 am
What, nothing new yet? It's almost 8am your time, Al. Feed us. Or will doody on the carpet.
Baseball: Matthews of the Angels is in trouble for 'roids. Damn. At least they didn't catch Tim Salmon or Troy Glauss during the WS run.
And why is it a good thing for Castro, the butcher, to hang around for fifty years? What? Is the pile of bodies and liberties murdered in the corner not high enough yet? Being a despot and making a mockery of everything he ever claimed to be in favor of for 40 years isn't enough? He has to do it for 50 now? This isn't funny at all. It's damn near enough to make this tea-totaler grab a brewski. But there's baseball. So I'm not.
Alan - March 1, 2007 8:39 am
Hey - I was writing a reflective ode. Screw that then. I will post the notes. That'll show you.
gr - March 1, 2007 9:03 am
ry, you do need a beer because I was cracking a j-o-k-e. Uncle Fidel is not a good man. I wonder if the NSA, CIA, FBI and NASA all saw I said that and didn't think it was funny either.
Lighten up ya'll!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(who are those men in dark suits out front going through my garbage?)
gorthos - March 1, 2007 11:43 am
Well, I for one respect Fidel and what he has succeeding in over the past what, 50 years? In all revolutions, people who oppose the will of the people end up dying or being sent elsewhere or fleeing. Cuba is as far as Communism goes, the closest thing to a success story and teh closest thing to a true communist state, that exists in the world.
portland - March 1, 2007 10:57 pm
look it up - one guy telling everybody else what to think and do has nothing to do with communism. not even close.
ry - March 2, 2007 3:16 am
so that makes Pinochet cool then too?