As the ship of state lurches from crisis to crisis, if you watch the markets & listen to Paulson and Bernanke, you may feel we’re about to go under. Or a vague sense of nausea might be flowing over you, as a giant wave of it must be flowing over those in congress as they get yet another heaping load of spin spiked with hysterical urgency, making it hard for them to keep or maintain their sense of balance.
“We’ve approached the edge of the cliff,” Leon Cooperman,65, who manages $6 billion at hedge fund Omega Advisors Inc., said at the Value Investing Congress in New York. “Do we go over the cliff or begin to recede? History says we recede, but there’s no guarantee. This is the most difficult financial environment I’ve lived through.“1
Things are out of kilter and Luther Thie’s Tilted Pole at Art Engine Gallery seems to mirror aspects of the situation. Old technology we still depend on has been eclipsed by new, and the infrastructure is left to decay. New untested security products turn out to be more hazardous than those created for safety after the depression, then jettisoned as if so much excess balast. An out of balance condition makes things more dangerous, as it brings hazards close to us, too close to be safe.
Walk around Tilted Pole and see if you agree with me. But don’t touch the transformer. Don’t those contain PCBs?
1 Elizabeth Stanton and Eric Martin, Bloomberg.com, October 7, 2008, U.S. Stocks Drop; S&P 500, Dow Post Worst Retreats Since 1937
Art Engine Gallery by Luther Thie
San Francisco, September 5 - October 18, 2008