When it began 6 weeks ago, it was called a financial storm. The general public were in shock but they were somewhat happy to see the Wall Street bankers punished for their greed. Then the storm became tsunami, swallowing up the other side of the Atlantic. Currencies fell in a record speed against the Dollar. Overnight, people see their wealth evaporate and purchasing power decrease. Fundamentals are thrown out of window. This week the tsunami turned into ice storm, freezing up emerging markets which in less than six months ago were over heating to now colder than your freezer. Many now are reported to be on the brink of bankruptcy. Much like Fuld of Lehman who didn't see it coming, we also didn't see it coming (even Mr. Greenspan was blind sighted). I now feel like I'm a character in "The Day after Tomorrow" standing cold in a frozen world and wondering why we were not given warning signs.
But warning signs were there, many can now point back to them with a perfect hindsight. I knew Yen was going to go up and bought into Yen more than one year ago but only to lose my patience and sold it 3 months too early. I should have sold my stock which six months ago were valued at 2 or 3 times their value today. Too many I should haves but the most important thing at the end of the day is to say 'thank you': thank you for keeping my friends and family being healthy; thank you for keeping me in good health; thank you for not having to worry about where to sleep and what to eat; thank you for having enough so I can afford to have all these "I should haves" laments; and thank you for giving me a happy and healthy baby and a loving husband so together as a family we can keep each other warm and be ready to embrace this ice age.
1 comment:
Well said! Thank you too!
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