Act 253

Is wealth in the “i” of the beholder?

I watched “The Queen of Versailles” on Netflix this evening. Whew, I thought my money problems were a challenge.

“Washington Post columnist Ezra Klein called it “perhaps the single best film on the Great Recession“, writing that one scene, in which Siegel recounts a series of transactions that allowed him to purchase at a fraction of its original value a loan on which he owes money, “might stand as the single most complete vignette on the mechanics of the financial crisis and the subsequent slow recovery.”

The take away for me is that we don’t really know what goes on in other households or with other people’s finances. And that’s part of the dynamic because it is all relative. One thing’s for sure, if some of us are on shaky ground, we all are. And 2008 proved that. It still proves that. In the film they don’t have very many nice things to say about bankers likening them to drug pushers and vultures who get you hooked and watch you die rather than help you out. Doesn’t paint a very pretty picture. In fact, it paints a pretty tarnished one.

I don’t know. Something just doesn’t add up for me or for many people, but by the time we figure it out, it might be too late. And we really are all interconnected – there is no “I” in economy.

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