tiny doctor tim and the new economy

"mr. geithner should listen rather than talk."
didier reynder. belgian finance minister

well..the jury is still out on the whole euro-zone thing..the chinese have been bitten once already and are in no rush to help the italians or pull the krauts' chestnuts out of the fire...obviously they have no patience for american exceptionalism and the brits are broke...europe on its own...and who can blame them? it's where they belong...they have made a fairly astute assessment of what dr. tim would have to offer in the way of advice...he has his own problems and that's probably why he took off for europe anyway...getting aw ay to reflect on problems that don't kick him in the nuts on a daily basis and enjoy the specter of an out of control swiss trader...who says economics is boring? closer to home ( in my home town actually...about a mile and a half away) a much more telling commentary on the state of the economy here at home has cropped up out on central avenue...when the fifth third bank began to experience the impact of the financial wizzardry emanating from the investment bankers on wall street feverishly working to create wealth out of nothing more than bad debt they started shuttering branches including the one here...it's been empty for better than a year but recently there have been contractor's trucks outside and noticeable activity...last week i drove by and the neon signs were glowing, banners fluttered in the late summer breeze, and a new liquor store was born...some of the safest coolers anywhere and a realistic reflection of the newly enhanced need for escapism in the american population...with the utter freak show that the next presidential election is shaping up to be i predict the re will be a significant spike in the sale of alcohol...illicit drug sales will be peaking in about a year but there is no data available besides the untrustworthy propaganda supplied by the dea...still i have no doubt we will all hanker after a bit of numbness before we finish slogging through the shit, whatever the source.