Wednesday, May 05, 2010

Fun Times

Greece moves to prevent all-out national bankruptcy the only way it can: slashing government spending and raising taxes, and the grateful populace rejoices with ... violent protests.

A car bomb turns out to be the umpteenth attempt by a Muslim man to commit mass murder. (Gosh, did anyone else see that coming?) This time it was a close call, because the materials were in place and the bomber almost got away. The attempts will of course continue, and as before some will fail or be thwarted, but some will also succeed.

Just when it looked like we'd finally increase our offshore oil drilling capacity and reduce our dependence on terrorist states for energy, an offshore rig blows up, threatening to cover Florida beaches with oil. I don't want to think what would happen to energy prices if we decide to curtail or entirely shut down our offshore oil production.

Like I've said before, there are any number of triggers out there that could initiate some serious economic pain, and even armed conflict. Unfortunately one can't predict when events like these will occur, or which one will be "the one," so it comes down to an unnerving waiting game.

1 comment:

Cathy said...

Waiting may be shorter than we'd like. I'm watching the stock market today.

Are we having fun, yet?