It has been awhile since I have posted anything. My travel schedule has been crazy and will continue to be that way until almost Christmas.
I am writing this from Jacksonville, Florida, while waiting until time to board my flight west.
It has been a good week working in the Southeast. The people are friendly and the weather was great. Attitudes are good.
Every newspaper that I pick up has gloom-and-doom headlines about the economy and yet as I look around, I don't see it. Business is happening and people are spending money. There is certainly an underlying current of anxiety because people don't know what may really be happening in the economy. That anxiety is fed by the newspaper headlines. Yet, there lifestyles really haven't changed.
In agriculture, things really look pretty good. There is certainly some market turmoil -- but that's the way it always is. The markets go up, the markets go down. You do the best that you can.
The only negative that I've heard is a rumor that one very large outfit that is an industry leader is financed by one of the BIG 5 banks. The word is that their credit line has been squeezed.
So, why is our government bailing the big banks out? I know that it's because it would devastate our economy if they fail because it would create a cascading effect that would start with the big boys and work its way down until everyone was affected.
My thought though, is that they need to seriously consider breaking the big banks up into multiple smaller institutions. Kind of a Ma Bell breakup. Let's spread our risk instead of allowing it to concentrate into a few hands.
What bothers me is that the very banks that the Fed is propping up are the ones buying other financial institutions. If I had a bent toward conspiracy theories, I think we could certainly build a case that this whole financial meltdown smacks of a conspiracy to gain financial control of the world. But, being the rational individual that I am, maybe it's just a function of human stupidity instead.
Maybe I should run for President. Is there anybody out there that would vote for me?
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