I have been away for many months from blogsphere as there is no point writing when the words will not out. To write effectively requires inspiration and passion; else there is no point, unless you write for a living, where it is deemed fine to concoct artificial sentences.
Anyway, I hope to write a blog regularly now, at least one per week to begin with.
To kick off, a word about two issues. First the banking crisis. I began blogging in 2004 partly in response to the financial bubble, particularly as it affects housing. Now the chickens have come home to roost. The impact of what we are witnessing should not be underestimated. A massive paradigm change is taking place. RIP neoliberal economics; interventionism is back in. If the banks can be rescued, many other industries will be wondering why not them.
The second important change since I last blogged is the fact that Zardari is now the president of Pakistan. That the most corrupt person in the history of Pakistan, and someone who would no doubt get a front seat in an international contest of corrupt politicians, should become president is a tragedy and does not bode well for the future of the country. This man combines corruption and incompetence. Faced with court cases, he claimed to suffer from several mental ailments. Either he lied or he didn't. Either way, he is not fit to be president. Alas the sycophants who tail him do not realise this, or refuse to accept it.
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