Saturday Morning Depression

It is a particularly bad Saturday morning for myself, with little Interest in practically anything. There is this commentary on the Credit Unions, important but not riveting any great amount of attention; notice these federal actions are always started at the end of a Week, so most fervor will fade in the activity of the Weekend. The ordinary Rules operating for Credit Unions must be someday altered to conform to normal Banking operations, but until they are altered, one will find that regulatory financial response seems stilted, and over-reactionary over Time.

One can read this Missive from Mark Thoma, if One can peer through the mists of the Day, though I have always been an advocate of throwing Everything into Receivership. I have a terrible angst against the Concept of being too big to fail, knowing that all human institutions will fail eventually; stating otherwise simply generates Stupidity. Mark Perry does a good portrayal of the decline of American Driving, a place where Americans earned a $16 billion reduction in fuel Costs year-over-year, figured at $3/gallon. It is interesting that the twelve-month moving average is below that of March 2004, though I find it very hard to get enthusiastic about the data, awaiting the potential changes coming with the current Driving season. I would try in some way to associate the decreased Driving with the older age of Baby Boomers, if I wanted to make this Post interesting; I would need, though, a defined estimate of the Driving decrease of that Generation, and nobody here is up for an in-depth research of such rarified datum (Graduate Students could think of a Doctorate Study of the economic impact of Baby Boomer decline in Driving levels). The major mission of any Study would be the alteration of GDP based upon the advancing Age of Baby Boomers.

Paul Krugman provides a good comparison between the Great Depression and the current Recession, but methinks that he is being somewhat disingenuous, thorough his failure to provide other Recession Curves to give some comparative analysis. I would state there is a similarity of Curve structure throughout all economic recessions during the first year, differing basically only in the slope of decline; this slope I have found to be determined by the Warehouse Stockpile levels at the considered Point of Entrance to the Recession. Almost anything can be found in formulation based upon graphical data, so the Reader should understand many Sins can be hidden in the design of Curves. lgl