Before we get into the serious stuff, I enjoy the Kentucky Derby, which is a great American tradition. And the horse that won on Saturday is a true miracle. It’s just a couple of ordinary guys who don’t have real jobs and don’t a lot of money, but they for less than $10,000 they ended up owning a colt. This was the colt that ended up winning the Kentucky Derby. This horse beat all of these million dollar horses which are owned by sheiks and plutocrats. It’s one of the great stories of all-time.
It’s nice to see a miracle because that’s what we are going to need in the real world if we are going to try to bail this mess out, and I don’t think we’re going to get one. As an example, we just had the most preposterous jobs report released by the United States. That was an embarrassment because 234,000 jobs came from the birth/death model.
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