Billmon: All That Glitters

I've been watching the price of gold shoot the moon these past few weeks with a growing sense of nostalgia. It brings back sharp memories of 1979-80 -- bad years for the economy but emotionally rich ones for me. Youth is not always wasted on the young.

Events in general seem to be conspiring to give us all a late 70's flashback: We've got high and rising oil prices, a crisis with Iran, James Earl Bush in the White House and more than enough malaise to go around. It almost makes me feel like putting on a polyester leisure suit and hanging a coke spoon around my neck. If they just bring back Billy Beer we'll be all set.