The Cooing and Purring of Hypesters

 

At the Dymaxionweb we take the cooing and purring of the hypesters (David Brooks recently in the NY Times is one egregious example) with more than a grain of salt. In keeping with the spirit of the season we reward them with a stocking full of coal. For those who would see the "best of times", we look at the steady drain of decent paying jobs and wonder from what miraculous new ranks, the heroically indebted consumer will be recruited. In a year in which the dollar has lost some 30% of its value vs. the euro and pound, we wonder just how low it will sink and, what exactly, might be the consequences of a very weak reserve currency.

We look out at a consumer driven economy, "the world's economic engine", and wonder just how long the rest of the world will make up for the $1.5 billion dollars a day it takes in devalued chits. Will China and the US be the only economies still standing at the end of the year? Will the dollar sink to $1.40 to a euro? No, at DW we do not see "the best of all possible worlds". In the coming year, we will talk about what we do see and, more importantly, what you see from your unique vantage point.

Happy holidays,

rmb

comment []

4:36:17 PM    

23