Ben Stein: The Sky is NOT Falling!

NARREIA - Las Vegas, NV, USA - There is a lot of talk about how the sub-prime mortgage industry is wreaking havoc on the global economy. I'll have to admit that I'm not econo-geeky enough to understand how the T-Bonds are connected to the LIBOR-bone, and the LIBOR-bone is connected to the Yeild Curve-bone, or any of the other tangled, intricate web of how the lending industry is interrelated. But I do get that when 20% of the buyers are no longer able to obtain loans, it's a serious impact on the supply and demand equation.

But my view is quite myopic, focusing on how the mortgage lending industry is going to affect the housing industry and most specifically the real estate investor. I do, however, have an interest in how the US and Global economy are doing, and when I try to get a handle on it, I have to really concentrate for even a glimpse of understanding.

Thank God for Ben Stein. If it weren't for him, where would Matthew Broderick be today? Without Ben, I'd completely forget about something-d-o-o economics (as if I really ever understood it... something in the back of my head is telling me that it might be possible that the voo-doo economics might be a player in today's fiasco.)