The Gravity of Money


It was the question of the year. How could home values go up or down so quickly? Where were the rating agencies? These were just opinions? Credit worthy? Fluctuating values. “Systemic risk.”

The changing valuations. The fluctuating currency value. Amidst the change in equity. In my house.

Equity markets. Falling equity in my home. When everyone felt secure with equity. It was as if equity was the purpose of life.

There were commissions involved with security. And commissions involved with exchange. Where had those commissions been?

That Filipino guy the other night. That guy, wanting to have sex. The nightclubs were filled with people like this. Just sex. Without concern with equity in a relationship. Without concern for real love. Without any real gentleness or compassion about a mate.

Slavery. Whether it was the Hebrews in Egypt or Africans sold for a cotton plantation. We were all descendants of slaves. Sex. Slaves to sex. But with choice. The choice beyond just having sex with someone in a relationship. The choice to marry someone. How many times?

How to teach the souls of the young? Teaching that “gentle” part of “gentlemen.” The graciousness. Learning the kind of God to believe in through religious education. And about that sanctity of marriage.

Searching for love. Little had changed from the past. The restlessness amidst all the change. I felt it upon my own college graduation. I wanted to get out of there. And make some money.

Memorial Day. Remembering the past. The great tradition, amidst all this change. And amidst the change, searching for God.

As to those outward signs: you had to be looking. A lot of people passed them by without a clue as to what was going on.

There was the rhythm of work. Lolling us. Investment bankers. Mergers & Acquisitions. Equities.

In partnerships. Keeping behavior in check. With liabilities assumed in partnerships. But behavior was not kept in check with the change to stock companies. There were dangers of greed. “Wall Street is a very dangerous place.” It was worse than polygamy.

Amidst all the change, to keep making money. Once the norm has been relativized, there was no obvious way to declare a way of life beyond the pale. Former Treasury official John Taylor, who had devised the “Taylor Rule” as a formula for rate-setting based on the outlook for inflation and growth, said the Fed’s growing balance sheet is a “systemic risk” because it may be difficult to unwind quickly enough without igniting inflation. Since last September 2008, the Fed’s balance sheet has more than doubled to about $2 trillion as it purchased government and corporate debt to help unfreeze credit markets and support banks’ demand for cash.

“Systemic risk.” Rate-setting. Rating agencies. Searching for value. Communal belief in value.

Communal beliefs were more than just opinions. Communal beliefs in action were more than just opinions.

Was there honesty in this work? At work? In the currency? In the trading? Was there honesty in my words? Or was there a lot of passing of the buck, the way government works.

Was there honesty in my words? In my prayer? Which reflected my actions? Was there any prayer by these people?

Falling valuations. Where was the honesty? Some got lost in the search and gave up.

Values. Opinions? These were just opinions? Or beliefs? Communal beliefs. Community’s norms.

Communal beliefs in action were more than just opinions. As to those outward signs: you had to be looking. A lot of people passed them by without a clue as to what was going on. Relying totally on those rating agencies. Passing the buck.

Searching for love. Searching for shelter. Amidst all the change. Searching for belief.

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