"As they passed the rows of houses they saw through the open doors that men were sweeping and dusting and washing dishes, while the women sat around in groups, gossiping and laughing. "What has happened?" the Scarecrow asked a sad-looking man with a bushy beard, who wore an apron and was wheeling a baby-carriage along the sidewalk. "Why, we've had a revolution, your Majesty -- as you ought to know very well," replied the man; "and since you went away the women have been running things to suit themselves. I'm glad you have decided to come back and restore order, for doing housework and minding the children is wearing out the strength of every man in the Emerald City." "Hm!" said the Scarecrow, thoughtfully. "If it is such hard work as you say, how did the women manage it so easily?" "I really do not know," replied the man, with a deep sigh. "Perhaps the women are made of cast-iron.""

- L. Frank Baum, "The Land of Oz"
Dan Edelen on the Meltdown

For years Dan Edelen over at Cerulean Sanctum has been warning about a financial meltdown in the U.S. I admit that I, cockeyed optimist that I am, have in the past thought that he (and most other economy naysayers) were taking too dim a view of things.

Well, it looks like I was wrong. I don't know how bad or how long the current downturn/recession/depression will be, but I have to give Dan his props. He was right.

Read his latest when you get a chance: Meltdown, U.S.A.

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Comments on "Dan Edelen on the Meltdown":
1. DLE - 10/07/2008 11:20 am CDT

Thanks, Bill.

2. Crossbow - 10/07/2008 4:51 pm CDT

Could have happened for years now, but just so happened to take place during the elections? Hmmmmm....

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