So a couple of days back, there is a post here on Larry Summers to take the job at the Federal Reserve. Now today he says he is out not liking the prospect of a cat or dog fight or both in Congress to get the nod.
This may mean he does not have full confidence in President Obama's ability to swing it or it may mean that the job is going to be not one to have at this moment in time. Notably, if you believe some commentators we are heading for more financial trouble with less resources to deal with them.
Sensibly, Larry may not want to be around to make the excuses and try to persuade politicians of the absolute necessity of some very unpopular decisions. The serious downside to this is that in the past five years there have been a lot of wrong directions taken.
The lesson for any speculative blogger is to check the sources, then double check, then another check. As if this is not something that has been told a lot of times down the decades. But when you are in a hurry.......
Today, to keep up the pessimism, there is a link to a Zero Hedge item about nuclear radiation to the effect that we are all doomed unless we can move to the Southern hemisphere. As it is Japan that is to blame at least there is an excuse.
There was once a time of hope. At the moment on the radio is Aaron Copland's "Appalachian Spring" written for ballet in 1944, revised for orchestra in 1945, see Wikipedia. Try Youtube if you are interested for half an hour.
The piece makes use of the old Quaker hymn, "Simple Gifts", but nothing is simple now and nobody wants to give.