Just when you thought you were out of the worst of it … Bam!  Another 200+ point drop.

I’m telling you this economic stuff is driving folks crazy.

One of my favorite subjects of discussion is what “letter” the economy will resemble over the coming months.  This has been the focus of discussion of everyone from AARP to SeekingAlpha to Blogs.com to MutualFundSmarts.

First, there is the “V” shaped recovery.  The one we all want.  Straight down and straight up.

Then there is the “U” shaped recovery.  The one more likely.  Straight down, suffer for awhile, and then go back up.

Now comes the really bad letters of the alphabet.

The “W” shaped recovery.  As if we haven’t had enough of Ws already.  Sort of a bipolar recovery.  You go broke.  Make money.  Go broke again.  Make money.  Suffer. Enjoy.  Suffer.  Enjoy.

Finally there is the dreaded “L” shaped recovery.  You decend into hell and stay there.  Hopefully over time you’ll learn to enjoy it.

We need a new monogram.

Merry Christmas!

Did you get the “Christmas spirit” this year?  Yes?  Well what kind of spirit was that?  I’m just checking cause a lot of what I see out there doesn’t synch with my idea of the Christmas spirit.  So just for fun I typed in “Christmas” into Google News this morning.  Here’s a sampling of what I found:

The Queen’s annual Christmas talk was one of a “sombre” Christmas that, according to Her Majesty, conjures “feelings of uncertainty.”

“Hallelujah!” “Joy to the World!”

Paris Hilton’s Christmas spirit took the form of a pink Bentley.

“Away in a manger … no crib for a bed ..!”

According to reports, Iranian leader Mahmoud Ahmadinejad, who has called Jews animals will say Jesus, if alive today, would be against bullying, ill-tempered nations.  (Someone needs to tell him that Jesus was a Jew)

“Peace on earth, good will toward men.”

Google, with a gazillion dollars in market cap and sitting on billions in cash, canceled its Christmas bonus and instead will give its employees a cell phone.

“I have no gifts for him pur-um-pa-pum-pum … Me and my drum.”

The annual Disney parade will be hosted by Ryan Secrest and Matt Dallas, star of the television program in which he plays Kyle who has the 2008 version of the “virgin birth” … a boy without an umbilical cord and belly button living inside a chamber, until he woke up in the middle of a forest covered in pink fluid.”

“Oh come, let us adore him.”

There was the guy who dressed up as Santa and massacred people.  There was the WalMart shoppers who trampled to death the poor soul chosen to open the doors to the store.  And indeed, most stories were about shopping, retail, and sales.  So much that one story retold the quote from Bill O’Reilly who said in 2005 that, “Every company in America should be on its knees thanking Jesus for being born.  Without Christmas, most American businesses would be far less profitable.”

Not the spirit of Christmas that I know.

“Fear not, for behold I bring you good tidings of great joy which shall be to all people” … “For unto you a child is born.  Unto you a son is given.”

Have a Merry Christmas.

In the aftermath of the trauma of 9-11, President Bush gave us this advice:

“Go shop.”

In so doing our President told us to go out and feed our nation’s greatest addiction and increasingly what many consider to be one of our last remaining economic assets:  consumption.

The ability to consume.  That is our heritage.  Damn the economy.  To heck with the environment, education, and the sinking stock market.

Our ability to — no, our NEED to consume seems to know no bounds.

Note that this is not the consumption that our forefathers celebrated the first Thanksgiving.  Back then they called consumption a disease.  Among other things, consumption was more likely known as a “progressive wasting of the body” … not picking up something at the country store.

Based on what I read in this morning’s papers, we should go back to the old meaning of “consumption” — that of a deadly disease.

It is bad enough that two people pulled out their guns and died in a shoot-out at Toys R Us after their respective female companions got engaged in a bloody brawl.

But that a crowd of shoppers would actually trample to death the poor WalMart employee who has the unfortunate job of opening the door in the morning?

This, my friends, is sick.  Shopping meets greed meets madness meets total lack of disregard for any one meets violence.

Welcome to the new Kris Kringle.

Here’s my advice.  Don’t shop.  Take a day off.  Go check out the folks at “Buy Nothing Day.”  Or at least shop online.  Apparently a lot of people of are.

I am thankful for a lot of things.

Not shopping on the Friday after Thanksgiving is one of many.

Happy Holidaze.