No one knows what is going to happen

Being in the mortgage industry, I've had a lot of people ask me what is going to happen with the economy over the past few years. I told anyone who would listen in 2004 that there was a mortgage crisis pending, and as I kept saying it would get worse, I never imagined all of this.

So I still get friends asking me what is going to happen. Now I have no answer. Either do these guys: http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/

And so if the really good economists can only mostly explain what has happened and what is trying to be done about it, and really don't know what is going to happen next, I'm folding my hand. That being said, I bought Activision stock today, because I think people are going to be all over the new Guitar Hero (in stores October). I do know that people like their video games, and this play rarely disappoints.

I feel very fortunate to have a good job and mostly financially secure in these difficult times. I am on the fringes of it in my business, as we are kind of innocent bystanders, but I am more enthralled with the scope of the crisis. The last real financial crisis (S&L) happened when I was in college, and before that were the problems of the late 70s and early 80s, of which I had no recollection other than only being able to get gas every other day.

So though it sounds harsh, this whole crisis is somehow... fascinating? To a business minded guy like me who has seen almost nothing but good economies in his adult life, the flip side is the equivalent of a mechanic popping the hood on a car to see what is wrong. I'm really trying to soak up all I can about this, because I've never been through such a failure on such a scale.

So to sum up, I'm turning this thing around and going academic on everyone. Watch what happens, soak in as much as you can, and then figure out for yourself what it all means. No one else knows! Your guess is good!