Wednesday 8 August 2012

nickled and dimed or be gone dull care

Summer recesses and vacation opportunities, depending on the culture of course, I think have always muted financial developments. It is, however, rather eerily quiet right now, and not maybe the driving forces, rather than those that have to deal with the consequences, are on holiday. Still, underlying conditions have not improved or set in the right direction and plans are going unattended without even follow-on debate or discussion. Perhaps less meddling is called for in order to separate the real from the virtual market, but still America is without a budget with an economy buoyed momentarily by turbulence and expecting yet another round of so called quantitative easing and the bargaining and coping of an election that may see drastic cuts to the social safety net, and Greece is primed to renegotiate its financial aide and stake its membership in the eurozone on the good graces of its neighbours.
Toil and trouble never take a holiday and I wonder if the hiatus from the attention and worry from the usual hyperbolic and gloomy headlines and analysis is to purpose: the prophecies of doom are inuring, lulling and desensitizing and can be by such cycles suspended or overcome before they cry Wolf. The driving forces probably need the support of a labour and spending pool prone to anticipate such drama, because I suspect that a dramatic crisis is not deferred otherwise, creeping and leisurely at a vacationer's pace and not with the expected and wanted clarity of disaster.