People move in herds. No secret there. What if in the midst of this meltdown everyone in one massive herd has come to the simple truth, even if subconsciously, that the internet and technology have reduced many long standing businesses to a state of “not needed”? Not only are businesses not needed, but many “busy” jobs are not needed either. To me people have a choice: read something like Atlas Shrugged (“The Fountainhead” too) and get inspired or hang tight hoping a daddy comes along who puts Humpty Dumpty back together again circa October 2007:
Humpty Dumpty sat on a wall.
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men
Couldn’t put Humpty together again.
No matter how much the pundits whine and no matter how much the politicians promise the world, the market is saying f*** you. People want socialism? Well, guess what, the market doesn’t. It’s one big game of chicken. I wonder when people will listen to the market.