Spouse tricked me into going to a networking meeting yesterday at the chamber of commerce. I don't have a whole lot of faith in these types of events because everyone there is really looking to get business. It's like a whole roomful of sellers and no buyers. It actually wasn't unpleasant as they plied us with wine and did little activities to maximize our opportunity for face to face introductions and business card exchanging. It was a little like speed dating. Sheesh there were a lot of bankers there. They REALLY WANT TO HELP GROW OUR BUSINESS! Uh-huh and what's your commission on that? I suppose I shouldn't be cynical, you never know where your next client will come from.
I've spent some time this week refreshing myself on things I learned in high school economics class. I read the entire entry on the great depression on Wikipedia. You probably should too. I really see no reason why we couldn't revisit a similar scenario and if you read about the times leading up to it, the roaring 20's, you will see some very eerie parallels. Still, I remember the '87 stock market crash and the savings and loan crisis. I remember my bank failed but my accounts got shifted to another bank. That was about the total impact of the "crisis". So I'm not too worried yet. Now I'm off to read about the paradox of deleveraging. Happy happy hump day all.