The financial news continues to stink quite a bit:
Wall Street suffered its second big drop in a week Wednesday, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points — just about matching its pullback of last Thursday.
All of this makes me think again about my Yertle the Turtle theory of economic collapse…
I fear that our economy has Yertle-like tendencies – we are built atop so many other
countries, so many grand assumptions about continued ravenous consumption of more and more and more stuff, and worldwide greed to match ours that sometimes I just wait for Mack to raise his head for our economy and wealth to go, “Plunk! in the pond!”