Dec. 19th, 2008

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It is apparently my nature to wake up at 3:00 worrying about something. For months, it's been various work-related things.

Last night I woke up worrying that....we don't have enough chairs in the house suitable to bring downstairs for all the folks who will be here on the 28th! Now there's a foundation-shaking issue if I ever thought of one. I woke up worrying, giggled softly to myself, and went back to sleep.

On the larger economic issues that are worrying so many of us, there were some comforting words from Victor David Hanson, who, after reminding us that 7% unemployment isn't exactly 25% unemplyoment, and that we're likely to get a $1 trillion oil price dividend the guise of lower prices in 2009, remarked:

What we are seeing is a sort of global chemotherapy almost spontaneously occurring to destroy the cancer of speculation, fraud, huge borrowing, and creative accounting and to restore trust into the system. This naturally toxic medicine of deflation, doubt, timidity, and regulation may destroy some hosts, even as it takes out the cancer that started on September 14. Yet the US is in the best position to survive the toxicity and emerge on the other side of the treatment in remission and healthy.

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