Tuesday, October 21, 2008

Seinfeld election

There are two reasons why I haven't made a post about the election until now.

1. I've been away from home and haven't had too much time for blogging.

2. This has very much been a Seinfeld election, A.K.A. an election about nothing. I can't think of anything to write about. I really have a hard time thinking of a, non-obvious way that the country is different now.

I think the biggest political consequence of this election is the coming shack-up in the Liberal party. They are in need of a Maverick. So is the GOP, but that is for another post.

Friday, October 10, 2008

...A little optimism..

So far I've been silent on the current financial crises. Mainly because I don't have a stunning knowledge of financial markets (though I think I know more than most the talking heads you see on TV news).

Anyway, watching the market go down and down there is only one fact that I find comforting, Stein's Law. Stein's Law is that if something cannot go on forever it must stop. Just as the market in the late nineties couldn't keep going up and up, the current market cannot keep going down forever. Today the Price to Earnings ratio of the DOW reached it's lowest level in 23 years. Something will eventually give.

Hang in there.