Wednesday, September 17, 2008
Well folks we are certainly in the middle of it now.
There is no denying that the fancy financial shenanigans of the past few years have now fully culminated in the fecal matter hitting the overhead rotational device.
Bring it on is all I have to say. Let's get this over with. Me and my clients are positioned decently to weather this storm but not without a concern for the broader societal impacts.
Investment banks - done.
Sketchy lending joints - done.
Poorly capitalized banks and insurance companies - done.
Hedge funds - done.
Fortunately, life will go on without these companies and hopefully it will result in less speculative mentality and behavior. Let's focus on doing productive things like designing and building stuff that works well. Providing valuable services with pride and honesty. Supplying the world with items of real utility and value.