Wednesday, October 15, 2008

Flood's here

Shock of all shocks: there's more to the economy than just the credit market... gasp!

“If manufacturing has been the sliver lining that’s been holding us up to this point, it’s gone,” Mr. Larson said, referring to a index of manufacturing in New York State that tumbled in October to the lowest since its inception in 2001.

Yes, it had only a sliver of a chance (I love typoes like this). That's what happens when you export the manufacturing sector to poor countries and don't groom businesses in that sector in your own country's economy.

This makes me think of all those emergency preparedness tips that tell you to keep a 2-week supply of food and water in your home and to keep batteries and flashlights handy. When times are good, it feels like you're wasting your time, energy, money and shelf space on collecting and keeping these things around. Then the levies break and they're all you have...

But we only gave ourselves a sliver lining... so thin and easily shattered.

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