journal features

don't worry about the economy

the journal of Michael Werneburg

twenty-seven years and one million words

Toronto, 2012.05.22

Gee, these gloom and doom merchants never let up.

I mean how bad could it really be? Bank runs in Greece and Spain. Hints that JPM may be a Bear Stearns-style house of cards. Total derivatives for the top 25 banks is a svelte $230T. The US operating without a budget this year (once more). Psha. What's the worst that could happen?

rand()m quote

In our society, there seems a general rule that, the more obviously one's work benefits other people, the less one is likely to be paid for it.

—David Graeber