This Bohemian nobleman looked out on the Feast of St. Stephen, Dec. 26, and spied a poor man "gathering winter fuel" as the song goes.
Though we are far from royal in these democratic United States, we will take my Great Aunt Mary at her word that the Donovans were once kings of Munster and use the royal we in identifying with the poor fuel hunter. Will a beneficent king take us in for a cup of wassail and a spell by a warm yule log?
All the signs point to a recovery sometime in the second half of 2009. Money supply is growing rapidly, massive government stimulus is all but assured, interest rates are minuscule, oil is cheap. The stage seems set for a rebound. The missing piece is job creation. Once that is visible, the aforementioned stage-setters could spark a take-off like a string of firecrackers.
If the boom doesn't come, it will be as big a surprise as the Yankees not getting to the World Series after setting their own table with Sabbathia, Burnett and Texeira this winter.
No comments:
Post a Comment