So, I have been realizing that I haven’t been blogging nearly as much in recent days, and I think that has been for a couple of reasons. One is that I have had a broken computer and jury duty, neither of which really allows for significant blogging. But I also think I had actually begun to fall into a traditional blogging trap: I needed something so profound that I couldn’t actually think of anything to write. I’d lost my blogging mojo.
So in an effort to a) get more things out there; b) get more discussion going; and c) maybe get some of you out there who are wiser than me to answer some lingering questions I have – I am going to put out a few of these occasional posts, titled “Can someone please explain?”
I’m hoping to get some thoughts, ideas and perhaps links to those who are wiser than we on these issues.
I’ll start with the economy – and combine a couple of things here.
Can someone please explain why it is that if the real estate meltdown triggered this global financial crisis that real estate prices have fallen by 30% or so but stock prices are down more than 50%? To me, it seems to be a wonderful example that the markets have been so taken over by speculators and snake-oil sellers who are not actually “investing” in anything that they have broken the markets.
Can someone please explain why when Enron failed the investors were the victims of the deception by the management, yet in the banking crisis, when no common investor really should have been able to see the full depth of the banking dangers, investors are being basically treated as though “they got what they deserved?” (Yes, Virginia, I own some Citigroup stock. That’s why I’m asking.)
So what’s your take? Enquiring minds want to know.
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