Tadpoles, frogs and libertarians...

Competing realities and perceptual filters abound in the New Year.  It all boils down to just how much debt will remain in the system, and where.  I've not heard an economist peep about such things, but, I'd sure be interested in some kind of analysis on good debt locations and amounts versus bad ones and the links between.  In a hypothetical systemic utopian fashion that is.  The economists are all fretting about the New Power of the State as they ought to be. Libertarians are being born every second, transformed from every other category of political leaning like tadpoles to frogs.  Or something like that, according to your viewpoint on tadpoles, frogs and libertarians...

If the emperor's new clothes were not just not there, but, in hock to a pawn shop in California or Illinois (California because it inspires an idea of sunshine and Illinois because it is a poetic name with a pleasurably odd spelling) or anywhere really, you'd probably be looking at a metaphor for private equity firms.  We'll see which stay, which go, and what comes down with them.

Missmarketcrash's financial advisor must live in a bubble of his own, alongside other financial managers.  His perspective is so market-focused, the giant web that surrounds him must be invisible to him.  Nonetheless, Missmarketcrash has left a tiny dot of funds with hopes that some kind of odd spark will eventually rekindle, or, on the flipside, like a lingering terminally-ill patient, perhaps it will all feel better when all is gone.    But, along with the Champagne bubbles, Missmarketcrash has made a dive out of bonds for fear of more little popping things.