A G A I N S T the W I N D

 

against the wind icon
 

In 1980 our Michigan buddy released his eleventh album.   It was the third album by Bob Segar recorded with The Silver Bullet Band, no it is not a nod to Coors Light.  For over a decade Bob had carved a niche in the music industry all his own.  The title track for his album, Against the Wind is very appropriate for today’s financial markets.  Let’s see if I can weave this together starting with some the lyrics following Verse 2.

There were oh so many roads
I was living to run and running to live
Never worried about paying or even how much I owed
Moving eight miles a minute for months at a time
Breaking all of the rules that would bend
I began to find myself searching
Searching for shelter again and again
Against the wind
A little something against the wind
I found myself seeking shelter against the wind

Well those drifter's days are past me now
I've got so much more to think about
Deadlines and commitments
What to leave in, what to leave out


Some of these lyrics relate to the financial times in our world…living to run and running to live, leaving a path of unintended consequences.  As many of you know, the good old US has racked up a massive amount of debt (doubled post covid).  Just like our mortgages, we need to pay the piper.


The consequences are many.  The financial markets are extremely intertwined just like a bowl of great pasta.  It’s very hard to move a piece of spaghetti from the middle of the pile without moving others strands.  So too, with our financial markets.

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