Thursday, December 15, 2011

Cars

I don't get "Cars."

My Silent mother-in-law likes it, and it made enough money that clearly the young Millennials and Homelanders like it too. The landscape around Radiator Springs is wonderfully imagined, and the characters...well, they're characters. That may be its weakness.

Well, that and a weak story: Lightning McQueen is a hotshot who thinks he doesn't need others and by the end he learns that he does. "Top Gun" has a similar goal but does a better job with it - and is still pretty weak itself. Maverick at least has to learn the hard way about the relative importance of his job and aspirations, compared to the people around him. Lightning just gets beaten in a race or two and gives up a sponsorship deal. The way in which he re-learns his priorities doesn't have an emotional impact. The Interstate 40 dashed-dream montage is poignant, but it's not Lightning's story. It's not even clear why it should matter to us, or him, except for the townfolk being decent enough.

Which doesn't explain the Generational appeal or lack of same. It might just be that the oldsters remember when Route 66 was a big deal, and the kids enjoy seeing the sights.

(And yes, Tom Cruise started race car driving after meeting Paul Newman while filming "The Color of Money" and that led to"Days of Thunder" - referred to at the time as "Top Gun with cars" - which appears to have influenced this ...)

Thursday, December 8, 2011

Systems

George Carlin used to ask people (during his act) how the water tasted in their town. Invariably, someone would say it wasn't good, which he would say was proof that "The system was starting to break down."

I mention this because I just arrived at the subway station to see a crowded landing - a sign of a missing or late train. When it did arrive, it was packed not quite like one of those Japanese trains...but close enough to it for me.

I let the other people get on. Another train was about two minutes after it. Although we had to wait for the first train to move forward, there was room to breathe on it.

While I know we're in the Crisis, that's not the same as believing It is the source of every obstacle in our way. Trains run late, people lose jobs, airplanes crash. Some of these happen in their own cycles, some because of intentional acts, some just randomly. Lose sight of that and you might zig when you should have, well, done nothing different at all.

I heard Mr. Carlin ask that question when I last saw him in concert...just over 20 years ago. (Solidly in the 3T, the Unraveling, for those keeping track.) I think the water in my town tastes fine, still.

Monday, December 5, 2011

Housing

The economy is struggling because, among other reasons, the housing market is still depressed?

The housing market SHOULD be depressed. Is you bought ten years ago, your house is still worth probably 25-75% more than what you paid. This for an asset that has a simple purpose, no earnings, and for which gains - absent a bubble - should be modest. Want an improved economy? Don't put your faith in a housing market like we had.

In fact let's consider the situations where real estate gives better than standard returns:

  • Network effects: In a place like Silicon Valley, having a lot of engineers in one spot means companies can build up, so new engineers come in, so more companies build... A rare and possibly unsustainable occurrence.
  • Exploitable resources: Find gold on your land - or oil or old-growth mahogany - and the value will quickly increase. May yield above average returns if you don't count the effort of finding / identifying the resources, the costs of extraction, and any decrease in land value after it's all gone

  • A straight out bubble - Been there done that. See also Japan, South Seas, Florida. Note that fraud is often involved.


Certainly people can and do make in real estate, if they spend their lives doing it. Purchase land, build homes or offices, charge rent, sell improved property, and the money will roll in. That's not the same - not even close - to purchasing a house with the expectation that in three years you'll be able to buy a bigger one. And if there's no similar excessive demand, the increase in housing can only be proportional to increases in population. If that's your growth engine, or even a significant portion of your economy, where are these new people going to get money to pay for the housing? Because THAT would be your actual economic engine.

I do wonder how people can consider housing and construction,still, as a primary driver of the economy. (As opposed to a significant indicator, dependent on a true driver.) In the 30s, was there a lot of discussion on how to reinflate the stock market?

(Actually, if true, that wouldn't surprise me at all. )

Sunday, December 4, 2011

Zombies

Friends on Facebook are talking a lot about The Walking Dead. One in particular laments her lack of preparedness for a Zombie Apocalypse.  With Zombieland and 28 Days/Weeks Later and the CDC's Zombie Preparedness site it feels like a very Fourth Turning attitude. Something is coming our way, we can't stop it, we'll be lucky to understand it by the time it gets here, if we make the wrong choices the whole world is hosed.

And yes, I know that zombies are not exclusive to the 4T. Night of the Living Dead was solidly in the Awakening. Mr. Niven did a short story (Night on Mispec Moor) that managed to have a single person taking on zombie hordes without any hope of rescue while not being apocalyptic. While not literal zombies, the adversely affected neighbors in Invasion of the Body Snatchers and It Conquered the World (both 1956, First Turning) show a different aspect of the same fear: What if everyone around you became an enemy that could appear out of nowhere, couldn't be reasoned with, and had no clear vulnerabilities?

But back here in the Crisis...I think it's no coincidence that the first (or at least first well-known) classic literature/horror mashup was Pride and Prejudice and Zombies . Written and presumably set in the late 1790s, the original Jane Austen novel is Crisis literature. Mr Wickham and his fellow redcoats aren't just some random militias wandering the English countryside: They're being called up to fight in the French Revolutionary and/or Napoleonic Wars.( Mrs. Bennet mentions that she had an eye for soldiers before she was married,  about 25 years earlier - presumably they were preparing to fight in the American colonies.)  The story itself is a survival story. Coming up quickly on their mid-20s, Elizabeth and Jane have literally a handful of years to find husbands. If they don't, they'll be on their own when their father's estate passes to Mr. Collins. And not only do they have to deal with the ticking clock of their advancing age, acts outside of their control - their sisters' foolishness being a big one - could eliminate any chance for success. Adding zombies probably has only the slightest impact on the story's tone.