And so, I wait...

Dizzy.  My once-clear head is oscillating between various understandings of the markets and the economy.  The truth of the matter is that we are in purgatory.  My understanding of this in-between-place is that it is only temporary.  The hardship of it is there is really no timescale given to the temporariness of the state.  And so, I wait.

This economic purgatory has little to do with the purification of souls.  Many would like that, but, it is not what will move things one way or another.  More to the point, economic and market data are various shades -- but most notably chameleon, as data twists and blends into whatever reality is called for.

Missmc is growing weary of doom and its opposite friend faith, tired tired tired.  Both have a point of view that obscures things.

And so, we are back to "And so, I wait".  It reminds me of Beckett, not necessarily Godot. "Existentialism for Control Freaks" would be the subtitle.  The best one can do when things are unclear is not to seek clarity, but, to keep the nose down, diverted and amused.  Otherwise, someone will spot you muttering down the street and then your life will be stuck because, well, you waited.

With that, I leave you this.  It has nothing to do with anything except that it is simply astonishing.  Thanks to lovely perfect-bodied L. for the link.

All in the head....

This week Missmarketcrash has been mired in derivatives and trying to channel her inner Bertrand Russell.  All a failure of course as Missmarketcrash is not terribly mathematically inclined, but, the exotic sounding iTraxx Crossover index is making the news this week as it is going through a bit of a hysterical spell and Missmarketcrash can sympathize.  Hysterical spells have been Missmarketcrash's speciality for the past few months - with tears a go-go bursting out at the smallest things.  Mostly these moments have been directed at the process of switching child number one to state school, rather than keeping him wrapped up in the cozy comforts of the private one which taught him violin, how to hold a fork and to look someone in the eye whilst shaking hands.  Alas, Missmarketcrash thinks child number one still will have a chance at understanding the iTraxx Crossover index should he choose to when he grows up.  Stick with that incomprehensible leap for a moment.  Both Bertrand Russell and J.S. Mill were home-educated which is essentially the way one must plow forward if your child is in the state system in inner city London.  Last night we read Samuel Beckett  together --to my delight, child number one (who is 7) enjoyed the story of the stone sucker and the mathematics involved with trying to suck 16 stones and switching them amongst four pockets and one mouth....I chose Beckett for our reading as child number one was writing a story about being bored and the futility of existence which he thought was hilariously funny.  So, Beckett made sense.  Which brings me back to this iTraxx Crossover index.  I still do not understand it completely, but, I understand it enough to spare you an explanation lest you wander off and never come back.  So, to put it simply, the iTraxx Crossover index is channelling its inner Beckett and reflecting the futility, the hopelessness and the loss of faith in anything restoring things back to where they were.  Now...we must all climb inside the head of a seven year old and try to find this all hilariously funny.