ajtj99's Market Pulse

[jdaasoc]

1st plane 8:46 AM
I remember well. My now 10 year old daughter had 1st day of preschool that morning. All the kids marched into school briskly, backs stiff, with hands firmly griping the straps of their heavily laden backpacks.

9/11 evokes nothing emotional for them even today. She will comment when a movie shows WTC in background "thats the building that fell down".
It is like asking adults today who sunk the Maine.

I never got to ask my mom's father who volunteering with Teddy Roosevelt's Rough Riders why he choose to fight.

He died in 1932 and only way I knew about it was the Civil War widows pension application on ancestry.com that grandmother filed after his sudden death from a stroke. It seems he was an up and coming young Republican and it was just a right of passage for anyone wanting to run for office on Republican side. He ran for county freeholder in Mercer county NJ several years later and lost but was appointed as Surrogate of Mercer County Courts later in life.

The only reason I recollect this well right now is that I took my daughter to the Federal Court House in Newark NJ on a lark last month to see the opulent WPA era courtroom as she fancies herself becoming a lawyer one day.
They had a bio on Judge Guy Fake besides the famed naked statute of Justice and his life reads similarly to my grandfather except for changing the County they resided in.

http://www.history.njd.uscourts.gov/miscFiles/2008_05_NJHISTpressrelease0425.pdf

Judicial system not much different now then 70 years ago.

http://www.time.com/time/magazine/article/0,9171,802327,00.html

The take home point is things change in dramatic moves but basically stay the same of the longer time frame and people eventually move on in life.

Only sure thing is inflation will eventually make todays debts look small and more manageable. Even sooner if we get some higher level of inflation.

PS futures starting to puke. Foreigners are starting to realize any mortgage backed bonds not worth holding at any nominally higher interest rate.