How You Can Tell Things Have Really Gotten Bad

The Really: The normally recession proof oldest profession is actually taken a hit from the recent international economic downturn. The New York Times wants you to know it is particularly bad in Prague.

Get Out Your Hobo Stick And Watch Sullivan's Travels

The Really: Maybe Preston Sturge's classic film is just what we need right now.

It's Sullivan's Travels and it was in a string of hits by the highest paid director/writer of his time Preston Sturges. Released in 1941 it tells the story of director John L. Sullivan who wants to make a social-problems film called 'O Brother, Where Art Thou?' (get it, the Cohen brothers used it as the title of the Clooney film a few years back-ed) When his producers point out that he knows nothing about trouble or poverty, he goes on the road as a hobo. Joined by a down-on-her-luck aspiring actress, the results are hardly the kind of trouble he had in mind.

Enjoy this clip.

Dow Down 400 Again: The End Of The World As We Know It

The Really: End of the world as we know it music to help you on your commute home (if you have one).

Forget GM. I Want A LincVolt!

The Really: Neil Young is making the coolest electric car in history?

Put on the Cinnamon Girl and click the link to see how the Y of Crosby, Stills, Nash and Young has dedicated his money to an electric car enterprise that does what no other electric has done before it. The Lincvolt is awesome. Young also looks at the state of electrics and what should be done about the Detroit bail-out. Keep on rocking in the free world Neil!

Psycho-Dow Ends Day With Largest Single Day Point Gain Ever

The Really: Bank international bailout plan marks end of market slide?

Dow Up +936.42 (11% market value gain)

How Bad Will It Really Get?

The Really: Is this REALLY the Great Depression Revisited?

Perhaps the one truly perplexing thing about the current economy is how much the experts really don't know about the current financial meltdown. There is a surprising dearth of perspective about what this will mean for the average person. I did run across an interesting survey of possibilities and since we at Blog Really know nothing about finance we thought we would weigh in.

This is will be a huge opportunity for the already marginalized and the creative underclass who have been living at the lower spectrum of the society anyway. More short term jobs will open up as businesses cut the expensive employees and replace them with the truly talented. Things like steady job history, university grades etc. which have prevented them from competing with the 401k holding, house-buying public. They have better than average computer skills and businesses on the verge of collapse need EFFICIENCY more than anything else. Also people not used to expensive account living don't expect it or need it to do their work.

Middle-class families will be hammered by direct or ancillary fallout from the mortgage crisis. The credit market crunch will eliminate any job which is not mission critical. These folks will have to "get their mind's right" and team with the marginalized and underclass to create new stable businesses which can compete with what's left of the large companies in their sector.

The rich or those with cash (or even better GOLD) will always be at an advantage since they can play both downward and upward positions, especially in the market. However they will need to team once again with "idea" and "efficiency" people to hack their way the new jungle where old values and comsumer preferences will be changing by the day.

What do we base this on? Nothing. But at this point in the discussion on the new Great Depression, we sound just as competent as the experts and pundits flopping about for an explanation of an economy gone wild.