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so this is the economy

the journal of Michael Werneburg

twenty-seven years and one million words

Even if I didn't have a colicky newborn keeping the two of us up half the night the commotion in Europe would be keeping me up.

Maybe it's better that Mari and I (mostly Mari) are doing shifts pacing the apartment day and night, or I'd be paying more attention to the deteriorating state of a global economy that's based on pointless expenditure.

So for instance, Spain is being bailed out by equally cash-strapped countries. Including Italy, who's going to have to borrow the money it's lending. Hilariously, it seems to be borrowing at 6% with (very high, I'm sure) hopes of being paid back at 3%. And then there's Finland; of course they'd respond this way.

Remember when Spain and Canada were touted as the two "strong ones" in

'09? The truth of course, was what we're seeing now both in Spain and here at home. Our banks already needed a bailout even before our housing bubble begins to unwind.