Monday, December 06, 2010

When The Streets Run With Blood, Be The Guy Selling Bandages

The people at Planet Money have a new podcast speculating on problems with the Eurozone's plan to rescue Ireland. For those of you not willing to click on that link and listen to the podcast, the kernel of the problem is that some of the countries guaranteeing the Irish loans, are the same countries that are about to default on their own loans.  I asked a savvy friend of mine who got out of the market before the crash a couple of years ago if he had any advice for this pending realignment. His advice was to take up farming and archery.
I've been working for the post office for more than 30 years now, and the entire time, I've been delivering letters from people purporting to hold open a door to the last exit before Armageddon, so I'm a little skeptical of end of the world scenarios. I went to bed early on the last night of 1999. Well, partly that was a hedge against disaster; if the world did fall apart, I wanted to be well rested. So, do you think there's sort of a middle ground between watching helplessly as the Euro loses value, and moving into a solar heated cave?

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