Helen and I had a good time yesterday; K1 yarns was busy – but I’m too miserable for much blogging.
The skies are leaden, yet again. Our new student neighbours downstairs kept us awake with their noise, yet again. And this could be the day when we see the beginnings of a run on the Bank of Scotland – an unimaginable thing, once. We have savings there.
Funny thing, isn’t it: last week we were all enjoying an imaginary frisson at the idea of being sucked into a man-made Black Hole in Geneva. This week we are all in fact being sucked into a (metaphorical) financial Black Hole, and it’s no fun at all. Make no mistake: the crisis isn’t just for America. We’re all in this one together.
I sort of wonder sometimes how mortgages could get us into such a mess – they’re not like black tulip bulbs or dot.com start-up companies, valuable only in the eye of the beholder. People need houses to live in, and houses are built on land. They’ll always have some value.
But the answer, I am sure, is leverage. I used to wonder in the late depression (it seems rather precocious of me) where all the money had gone, since nobody seemed to have any, any more. The answer to that one is crystal clear now – there never was any. It was all done (in the ‘20’s, as more recently) with mirrors, with credit, with increasingly absurd optimism.
I’d still like to see something better in the way of leadership from Obama on this one.
We’ll turn to knitting…
…but that’s not much better.
I bought a ball of Debbie Bliss Baby Cashmerino at K1 yarns for the barrister’s wig, and tackled it last night. Failure. It’s supposed to be done on a circular needle; I was using dp’s due to the smallness of a bear’s head. Making the roll of barrister’s hair brought more needles into play, and proved too much for me.
I think I’ll try today knitting back and forth – the trouble with that idea is that there will be a conspicuous seam which won’t be straddled by rolls of hair. Still maybe better than nothing.
Last night I began to panic at the waste of time, and returned to the Princess