Instalanche Alert
Kurt Brouwer September 8th, 2007
Those who frequent the world of blogs know what an ‘Instalanche’ is. For those who don’t, an Instalanche occurs when Glenn Reynolds, the Instapundit, posts a link to an interesting post on another blog. Because so many people read Instapundit, it can result in an avalanche of viewers, ergo an Instalanche. By the way, if you have not been reading Instapundit, I recommend you start. I read it every day.
Here is the longer post in which my very tiny–and tongue-in-cheek–item on hemlines played a small part:
‘…GOOD NEWS ON TAXES AND THE ECONOMY: “I have to say that I’m pretty impressed with how the debate has gone so far. To be fair, I mostly read the financial pages–but on those pages, there is a serious debate between people who are clearly interested in fixing the damn problem. There is passionate disagreement, but little fulmination about the morals of the borrowers or lenders, or the people arguing for different solutions. It may be the first time in my life I’ve ever witnessed an economic argument where almost everyone involved seems to feel that the matter is too important to risk hurling ideological brickbats.”
Okay, actually if the economic situation has managed to scare everyone into being serious, maybe that’s bad news. Where do I get some Krugerrands, fast?
UPDATE: Oh no — hemlines are going down!
ANOTHER UPDATE: I don’t know if hemlines are the reason, but Greg Mankiw notes that the bettors at Intrade now see a recession in 2008 as more likely than not…
Here are more posts on the economy and the financial markets from Fundmasteryblog:
Subprime and Stocks — What Happened
Stocks–Clinging to a Wall of Worry
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