Lucky Bastards, All

Never say never, and never imagine that the "correct" course of behavior is always the one that will be rewarded.

For example: the upcoming resets in ARMs that everyone's been worried about, given the banking sector? No problem -- there's such a misery of doom & gloom and the flight-to-safety has been so strong, that for the moment, most folks with adjustable mortgages are about to get a discount, while those of us who 'did the right thing' and locked in "low" interest rates while Bernanke was inflating the money supply will continue to pay out through the schnozola.

So, independent of anything that the cretins in Washington D.C. would bring you, the natural business cycle's current supply of deflation is bringing mortgage relief to all the nation's household-roulette players, and of course, to my twin, the lucky bastard....

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I almost wonder if this was the real reason for Bernanke's cranking the rate so low and turning the printing presses up to 11. Of course, anyone with savings will pay for it in the end, but since the net aggregate savings rate in the U.S. has been negative for many years, this'll likely mean that we're screwing over the Chinese and the Germans.

Bastards... Humbug, I say unto Thee! (c: