Bitter Sweet Symphony

You cannot appreciate music until it’s over. The first few bars of Beethoven’s 5th symphony are quite ominous and really set the tone for what’s to come. We hit those notes last September / October and the financial music has been hitting high notes and then low notes with seemingly increasing frequency since. This is causing concern in politics as the elected officials are sensing the unrest in their population’s which could hit a low note for their careers. And then of high notes, hyperinflation seems inevitable and it’s all a matter of how long it can be held off. Paul Krugman has stated he thinks the Geithner plan might well fail and there will be less chance to try again. This one-way bet as he describes it is the same plan repackaged and re-bundled just as all the derivatives this is trying to remove. Paul refers to the latest plan as zombie economics, the plan that won’t die.
http://www.nytimes.com/2009/03/23/opinion/23krugman.html?_r=1We need a new conductor and if the government is renting the hall then let them on center stage to do their antics, at least we will know who to blame when the notes go sour. Just as Beethoven’s 5th comes to an end at some point so will this mess and the banks will be stabilized and people will get back to work. While feeling more secure and hopeful for the future, we will be hit with inflation numbers never seen in a generation, if ever…….bittersweet indeed.