Backward and Downward
- After a brief respite Friday, the stock market resumed the downward trend today. Big reasons du jour include automakers financial solvency and the continued worries about the US financial markets.
- Don't you get the feeling that this one is worse than 2001 or even 1991? In this decade we've seen financial assets destroyed. Stocks from 2000-2 and from 2007-now, and real estate from 2006-now.
- Of course, some of tne anecdotal evidence here is a bit different. As I noted earlier, lines at restaurants I went to this weekend were long. I went to two Indian casinos, and both were jam packed.
- My hope is that the recession is very shallow.
The Transition
- President-elect Obama met with President Bush today. Now we know that they discussed transition plans and perhaps touched on some of the economic and world issues facing our country. But I want to know if they talked about the issues of being a dog owner in the White House?
- Obama is expected to roll back some of the Bush executive orders. One deals with expanded oil and gas drilling, as Obama feels that Americans aren't paying enough for fuel these days.
- I'm going to keep mentioning this, but energy is this country's #1 issue. Without a plan for more domestic energy, I fear that energy prices will resume their march higher as world economies improve.
Fantasy NFL
- I'm down by plenty heading in to tonight's game. I have two players, so it's not impossible. But pretty impossible.
- In a league where interceptions are a -3 points, Sage Rosenfels did me some damage yesterday. Hey, big league and not much out there for pickups once Tom Brady and now Matt Schaub go down. DOH!
- So I will be a huge fan of lots of poinits tonight. Lots of points. Especially involving Arizona RB Tim Hightower. LOL.