Wednesday, July 16, 2008
how does it feel?
as fascinating as one can find the boggling mechanics of this credit bust, the social dynamic is even more engrossing. watching as policymakers -- who, i am convinced, are deeply aware of their role in perpetrating the disaster, at least of refusing to take the steps that could have mitigated it -- flail against shortsellers is a mesmerizing statement of political desperation. watching the slow dawning of the extent of the troubles on blithe mainstream americans, heretofore completely ignorant of how exactly they got a mortgage, is fascinating. being able to look back at months and years of propagation from the cult of official optimism -- does anyone remember when this was all "contained"? -- and see it for the self-serving and dissembling fraud it was is fascinating. i sometimes feel as though i'm having an out-of-body experience that has lasted months -- a remote observer, maybe a voyeur of a system laid bare, rubbernecking at a terrible highway crash that i can't seem to drive past.
but that can't last, can it? after decades of moving toward a regrettable extreme of individuation, i imagine that we will soon rediscover just how much 'of a whole' we truly are. few and little will be left untouched. i'm sure my family will be no exception.