Done

Moving: done.


After moving, I took a walk past the royal castle. Apparently, somebody had been fishing junk out of the water.


We also went mushroom hunting in the countryside. Nothing found, but it was a very nice walk.

The cat with many names, the current one being Bubblan ("the bubble"), loves the new apartment, and so do I. It is very bright, despite it being the first of October, and with no curtains up yet, the sunlight awakes me in the morning. It rocks. Sure, it takes a bit longer to get to work in the morning, but that is nothing compared to the joy of living closer to... perhaps not nature, but at least a few trees.

I am sort of surprised by the financial blaha in the world. Not so much by the behaviour of individuals as by their total inability to work together to further their own ends in the long run.

As an investment banker friend of mine said; "Everybody was playing chicken, and nobody steered out of the way before it was too late."

It is no wonder that things happened. Sooner or later, the idiot lending to people who could not pay had to end. Using an interest rate of one per cent when calculating would inevitably lead to disaster in a world where it can rise to ten times that or more, as it has done before. But the slick guys giving out credit cared only about their own short term winnings. Which is fine. That is what usually motivates people to work. What is not fine is that the management of the institutions did not have the appropriate checks in place, incentive programs if you will, to make their employees act in a "responsible" way. That is, create value for the shareholders. Apparently, the shareholders had not created the right kind of incentives for management either. And so it goes, mostly everybody loses and a small number of people have their pockets full of money, but not nearly as much as this mess has cost. Ergo, a big fucking net loss to society which makes a great case for those craving greater regulation of financial markets. Regulation for regulation's sake sucks, but I really wonder how to combat this sort of events in a completely "free" market.

Now to go pick up the engagement rings, though my lady is currently in a foreign land, in a foreign time.