Sputtering

Sputtering. When I was a teenager about the time the Beatles first hit the USA was about 1964. I remember picking up either a Post or Life Magazine with them on the cover and walking over to my friend's garage where we talked about the latest sensation the Beatles. I was around 15 or 16 at the time.

What is happening to not only the US Economy but also the World's economy reminds me a lot of the sputtering 1953 Lincoln engine that my friend was rebuilding along with rebuilding the automatic transmission. Before that he had a 40 Ford Flathead Coupe which was a really cool looking car. The Mercury was just ok. It had wheels and could get us places. That was what was important.

But the sound of a sputtering engine newly rebuilt by us and improperly tuned by a couple of novice teenagers reminds me a lot of the world economy now. The Fed is trying to tune the US Economic engine just right so the "water in the Gas" Subprime debacle doesn't make the (Global engine) cough or wheeze or die. Because once that sputtering engine dies it takes a whole lot to get it going again. Because the battery could die or the gas could just have too much water in it to run properly(remember the water in the gas is the subprime). So when I watch Bernanke drop the lending interest rate to banks I think a lot of that 1953 Mercury rebuilt engine and rebuilt transmission all done by us in 1963 or 64 and all the black smoke pouring out the tailpipe as the engine tries not to die from a bad tuning by incompetent teenagers. Sputter Sputter sputter.

Just like that engine if it takes too long to get into a good tuned rhythm it will automatically after combusting poorly for a while just sputter and die all by itself. So the US and Global economy need to get it right or they will just keep sputtering until they go into Global recession or temporary death(Full On Global Depression). None of the signs tell me that there will be a depression for sure. However, if competent people don't do more than they presently are the Global economic engine will cough sputter and temporarily die and have to be restarted again. So let's keep it going. Ok?