Epiphany

TheFundamentals likes to approach these fancy words and concepts which are much over used and much dramatized in the American culture of convenience with a bit of humor.

Anyone watching Oprah experiences numerous epiphanies daily. We liken Oprah epiphanies to sugar highs. The dozen donut solution to your problems. By the way, truth in advertising police, please note that there is a substantial disconnect between the appearance of the live pudgy Oprah and the svelte Oprah who shows up on the brief teaser ads on TV. A few days ago TheFundamentals observed several Obama and Oprah supporters having an epiphany after the community organizer stopped off at a burger joint and ordered up some greasy treats for the fawning folk back at the WH. The community organizer has captured a corner of the epiphany market with his endless appearances and speeches. In a very short time period he has brought his incredible insights to the Middle East situation, racism, world conflict, Islamic stuff and, of course, economic and financial turmoil. The latter has been the focus of the ramblings of this website in that the epiphany of spending more money we don’t have to solve a problem created by spending money we didn’t have may turn out to be an interim epiphany on the road to the only true epiphany that this fella is going to motivate and that is the day we all wake up and realize, “Holy smokes. We’re broke and no one cares.”

So the American melodrama plays out. This week the US Treasury is offering for sale $65 billion of its 3 year, 10 year and 30 year notes and bonds (note to SEC – aren’t you supposed to blow the whistle on this kind of paper?) TheFundamentals has suggested that the globe trotting activities of the wonderful NPelosi and the overperfoming TGeithner (they giggled at little Timmy in Beijing when he was pitching his snake oil) along with the epiphany producer himself bowing and curtseying through Arabia may have had a little to do with concern over the outcome of the sale of these valuable pieces of paper. Time will tell. TheFundamentals observes that this auction is analogous to BMadoff reluctantly accepting deposits into his investment accounts. If you can, visualize this scenario. Think of a Hollywood set with the front a beautifully maintained, large white house on Pennsylvania Avenue in Washington DC. The paint is sparkling and the flowers are blooming and important people are arriving and acting serious and important. You knock on the door with your life savings in your hand seeking to buy a US Treasury bond. The door opens, a hand grabs the cash and the door closes. But, in that fleeting second or two, you see behind the door and there is nothing but some WH interns eating burgers and fries.

Now that’s an epiphany.