I'm now back home after attending a medical conference in San Diego. Also a self imposed exile from the Internet, as I declined to pay Hyatt's bordering obscene surcharge for wireless access. This provided a much needed break from the mildly obsessive monitoring of economic and financial blogs that goes in my free time. Looking for...something, I'm not sure what.
There's a feeling of apprehension, waiting for the other shoe to drop. Talk of green shoots and market rallies have done little to calm my fears, as it seems there are too many significant systemic problems (pensions, massive deficit spending, zombie banks, etc.) that have yet to fully manifest themselves. The imagery of the sword of Damocles seems fitting, though this is an imperfect metaphor, as it typically pertains to a person in power or authority, of which I am not. Nor does it seem to apply to the country as a whole, as there are many blessed with a lack of interest or awareness of many of our deeper running issues.
Part of my discomfort stems from not committing myself to a course of action. My financial resources, such that they are, have been kept in a cash position. I haven't taken part in the bear rally, loaded up on PM's, nor have I purchased the 20 acres of arable land with a bunker of ammunition and canned goods. Yet inaction poses a risk all of its own. Perhaps being on the receiving end of a well timed echelon attack might be a more fitting example.
Needless to say, I was somewhat relieved a read a kindred spirit guest post at Zero Hedge. Not relieved at good news, just that there are a growing number people that share my unease at the big picture. My outlook may be tainted by paranoia and gloom, but at least now I'm in better company.