Wassail, traveler, and welcome to The Gable Grey -- a place of retreat, of renewal, and of resistance: a tree-shaded refuge in Dark Times. Now pass the threshold, and rest from journeys! For a cold wind is blowing; and here, if you wish, you may hear tidings of the world without...

Saturday, August 6, 2011

So Much for Our Credit Score...

Seems to me, yesterday's downgrading of US debt from "AAA" to "AA+" by the Standard & Poor rating agency is a bit akin to my own credit rating being downgraded by Transunion, or Experian.  At any rate, it's gonna make it a bit tougher for the US to borrow now, maybe; and funds mandating "AAA" status only will have to be moved into something less... junky, perhaps.  I don't know.  The whole thing eludes true understanding on my part. 

Next week should be interesting, to say the least.  Either The Powers That Be (TPTB) have already orchestrated a pleasant regimen of market smoke-and-mirrors, or it will be a complete clusterfuck; or, maybe somewhere Inbetween.  I suspect the latter.  We'll see.  I'll be watching Asian markets when they open tomorrow evening... as will much of the rest of our tottering civilization.

Welcome to the future, boys.  Wassail.

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Whiles carried o'er the iron road,
We hurry by some fair abode;
The garden bright amidst the hay,
The yellow wain upon the way,
The dining men, the wind that sweeps
Light locks from off the sun-sweet heaps --
The gable grey, the hoary roof,
Here now -- and now so far aloof.
How sorely then we long to stay
And midst its sweetness wear the day,
And 'neath its changing shadows sit,
And feel ourselves a part of it.
Such rest, such stay, I strove to win
With these same leaves that lie herein.

-- William Morris, from
"The Roots of the Mountains"