Well our tenant is still here but his car has disappeared. Whatever occurred occurred while we were at work. I figured something would happen yesterday because it was street sweeping day and I was right, too bad I couldn't watch it.
Hey look Iceland is on the brink of bankruptcy and their currency's value has fallen in half. Sounds kinda like Argentina at the beginning of this century. The whole problem with money is that it is only as real, or as valuable, as people believe. If people stop believing the money has value, it won't, regardless if it's in the bank or under the mattress.
I have never done well in the stock market and the last straw was a couple years ago when I had to take a 9k loss on a 25k investment for us to buy this place. Ooh let me go check..... if I had waited and sold today, I'd be out 3k more. Even google isn't impervious. Everything is losing value because everybody thinks the economy is going tits up. It's a self-fulfilling prophecy due to the mentality of the herd.
You never hear about the economy in the middle eastern countries where interest is forbidden. If credit is so darn necessary, how does an economy with no interest handle credit? I'm probably naive but so suddenly curious.