Thursday, January 29, 2009

The "foxhole" economy

This may be a foreign concept on Wall Street, but there are parts of this country that go to church or synagogue on weekends, and some people even go mid-week.

My Mom fits in that category, and she called me tonight to ask me how things were.

She told me that today she went to a bible study, and then her fellow parishioners starting talking about the economy. The people had so many prayer requests, that they weren't even able to commit any time to the bible study, as the praying took up the entire time!

I doubt that this indicator is in the latest econometric models, but last I checked, most people really don't pray. And when they do, it's usually in a foxhole.

Or now it appears, in this, the "foxhole" economy.

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