The Royce Files

Sweetie the economist cat wasn't written about by feline poet T.S. Eliot. Eliot should have thought twice before nixing his poem, Sweetie the Depression Predicting Cat. Anyways this cat's stares say it all- "I told you the economy was going to fall out! But no, you didn't listen to me!" Joe Biden quickly responded by suggesting he believed the economy was an entirely different animal.

Epiphany marks the end of the 12 days of Christmas. No drummers drummed up to my home or is that leaping Lords? Either way it didn't go. I am satisfied. Now we enter into that wonderful period I christen the Presidential Honeymoon Period. I hope the gift giving continues .

Well, I'm a bit late on this breaking story but I will put my 2 cents worth in. Was it expected? Well, maybe. A friend of mine told me a number of months ago that according to economic forecasters, we were probably due for a major re-adjustment a.k.a. depression soon. I guess nobody was listening or had the gall to offer a response. I guess he was probably basing it on patterns in flooding in the RRV. Every hundred years there typically is a massive flood and the levels are tracked and used to determine how to better deal with the next big one. In the RRV they built higher dikes and built more flood control ditches. Let's hope the lessons learned during the Great Depression gave our leaders better ideas as how to deal. Just reading some of the Wiki article on it is like deja vu. Are we in for a big one? My concern is whether McCain or Obama are ready for this test of balance as domestic issues are flaming while on the international front embers are still burning. Neither man ...