Friends

• Web Diva We have super severe weather coming in this afternoon. This is typical of our fall weather, but it's getting a late start this year. Happy Monday!
• Geffers G I recall Web Diva mentioning The Big Short when we were discussing movies. I watched that yesterday, incredible how complicated banking finance works, similar to Government finance where it is all about confidence in the product. I'm not sure whether the main subjects in the movie, Mark Baum and Michael Burry really had any bearing on the collapse, they merely profited from foresight. Referring to my previous comment about confidence in the product, I have often cited an imaginary scenario whereby an art collector proudly displays a Rembrandt painting on his wall, boasting as to how many millions it is worth. One day an expert with a magnifying glass examines the artwork and declares it is fake, a copy. Nothing has changed, the painting is still there, same frame, hangs on the same wall but now worth nothing rather than millions. The expert doesn't visit that day and painting still worth millions, funny how it works.