Desktop Dynamo

Timing is everything.

Soon after I posted the "Quote of the Week" I read that White House Economic Advisor Christina Romer declared our economy fundamentally sound. That would have been a slam-dunk for the "Quote of the Week" a day earlier, but starting the week...with six days to go...it may not make the final cut. It doesn't help that what she said is getting all kinds of play in the traditional media, particularly because John McCain got pounded for saying it during the campaign.

But in politics...those are the breaks. And in politics, timing truly is everything. (McCain would probably be the first one to say that.)

So we'll see if anyone can top Christina for a quote this week, but she has to be an early favorite.

...Win some, lose some. Crap happens!

Have we "turned a corner?"

There's nothing I'd like better than to start calling these posts the "Pretty Darned Nasty Recession Chronicles." (I do think the current title is catchier, though!)

But on the subject of turning corners ...it's just too early to tell. If the stock market has truly found a bottom, that's a positive. But the great vanishing of wealth worldwide needs more than a stock market "bottom-and-bounce." Unemployment needs to come down. Jobs need to be created. The rest of the world has to show signs of sustained recovery. We're not there yet. The least little thing could bring a roaring setback, and the world is full of variables the United States can't control.

Cross your fingers, gang, pray we've hit the bottom and will soon start clawing our way out. Perhaps our 201k's will be 401k's again in a few years.