Porcupyn's Blog

February 14, 2009

What does a cricket pitch in the West Indies have in common with the US (or World) Economy?

Filed under: Cricket — Porcupyn @ 12:02 pm

I really like Tom Gleason and his report – he appears to be pretty well balanced in his thoughts on the financial sector. So, I read his monthly report on a regular basis (since I learned about him a month ago)! Here is an excerpt from his latest report that caught my attention:

Will all the spending result in inflation? If you pour water into loose, dry garden soil, the liquid is soaked up for quite a while. Then, suddenly, the water pools on the surface as the ground becomes saturated. The government will pour money into the economy until the inflow of cash catches up with the destruction of asset values. As some point inflation will suddenly appear and catch everyone by surprise.

And then, when I ventured to cricinfo yesterday and came across this picture of ground conditions in the West Indies, a thought struck me:

Our financial knuckleheads probably have nary a clue is that this is no ordinary land that they are trying to irrigate, but sand … quick sand. We are mired for the long term! Test matches can be abandoned; I wonder what can be done about the economy!

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