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Essentially the Only One

by Richard

Posts tagged with "depression"

So far in October...

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Here are the S.&P. sector breakdowns for the first five days of October:

Consumer Staples, down 7.2 percent
Telecommunications, down 9.7 percent
Health Care, down 10 percent
Utilities, down 11.6 percent
Energy, down 15.8 percent
Consumer Discretionary, down 16 percent
Industrials, down 16 percent
Information Technology, down 16.3 percent
Materials, down 18.2 percent
Financials, down 20.4 percent

Of the 500 stocks in the index, 12 are up so far in October, and nearly all of them are beaten down financials that bounced a bit from very low prices.



From And You Thought September Was Bad by Floyd Norris, New York Times.

What fun we are having

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The S&P 500 extended its 2008 decline to 32 percent, while the Dow's yearly loss widened to 29 percent in the market's worst yearly retreat since 1937. The S&P 500 Financials Index slumped 12 percent to below its lowest level since 1997 even after Fed Chairman Ben S. Bernanke signaled he is ready to cut interest rates.



Worst yearly retreat since 1937 - that puts us squarely in Great Depression terrritory.

Boy, am I glad the house is paid off!

Yet another down day on the global markets

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U.S. stocks tumbled, sending the Dow Jones Industrial Average to its worst June since the Great Depression, as record oil prices, credit-market writedowns and a slowing economy threatened to extend a yearlong profit slump.



And as went the United States, so went the rest of the world.

Gloomy times indeed, with people facing large price increases and rapidly declining assets. If indeed they have any assets given the level of indebtedness in this country.

Curiously, though, I still feel sanguine about all this. Perhaps it is because, as Doug Kass puts it, I am still breathing. Things may well get a lot worse, but if the economy tips into a full-blown recession, some of the current inflationary pressures will ease simply because demand will drop for a lot of stuff. Oil is a prime candidate for a big fall, particularly because China has greatly reduced its subsidy for the commodity thereby inevitably reducing demand in that huge market. High prices worldwide are having a similar effect.

Of course, this is all fine and good but it is not nice seeing your standard of living decline before your eyes in the meantime. Not nice, but perhaps a good thing. It's time we started to shake ourselves out of the assumption that we are always going to be better off than those who came before us.

Dominoes

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We are currently going through one of the most exciting - and terrifying - periods of economic dislocation ever.

How it will end is anybody's guess. The potential for another world-wide depression is certainly there, but it has not arrived yet. It may never. What has happened is that the events of the past year have revealed fundamental structural weaknesses throughout the global financial system. The collapse on Friday of Bear Stearns is simply the latest consequence.

Ideally, the necessary lancing of all this bad blood will be moderated by time and will not cause the financial body to expire. But history tells us that it may be otherwise.

Pills

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There's a stimulating opinion piece in today's Washington Post by Charles Barber about drug treatment and mental illness.

Feeling depressed? No problem, pop a pill.



That does seem to be the way of things these days. I pop one of the pills you see illustrated here once a day to treat my depression.

And why not? The television ads make it seem so easy: An agonized man or woman stares listlessly into space or slumps on a bed or couch, holding their head in their hands. Then they take a pill and suddenly morph into a happily engaged and joyous being, back on the job or walking in a park, awash in sunshine, surrounded by grandchildren, a golden retriever nipping at their heels, while lush music plays in the background.

But recovering from mental illness is rarely that simple. I know.



And he is right. To be sure, those wonderful pills keep me well back from the black abyss of depression that only those who have suffered it really know, but they are building on years and years of extensive pyschotherapy that did its very best to rearrange my mind.

But beyond the anti-easy-drug argument, Barber has a more subtle agenda, almost an anti-treatment agenda:

But when you speak to people with severe mental illness who have gotten better, you learn about the reality of the recovery process, which is rarely about a pill -- even if that pill is effective. When you interview patients about how they got better, they hardly ever cite Prozac or Zyprexa or lithium. For that matter, they rarely cite a particular doctor or therapist or treatment program. Rather, they talk about a person who was kind to them when they were really down; they talk about the child they wanted to be a good parent to; they talk about God and spirituality; they talk about something that brought them pleasure even when they were cloaked in pain. Many of these reasons to live -- the reasons to seek treatment in the first place -- are highly personal and idiosyncratic, as was mine.



Although there are elements of truth in what he says, I think he in denial as to the 'reality' of the recovery process. I, myself, would not hesitate to say what he considers people rarely say - namely there is no doubt in my mind that a combination of the pyschotherapy and drugs that made me better. People have a natural reluctance to admit this - it is easier to credit friends or God, more socially acceptable one might say. His failure to acknowledge this reticence fatally undercuts his, inevitably anecodotal, argument.

Ultimately, his is a voice I have frequently encountered during my exposure to fellow sufferers of depression, the 'I can do it on my own, with a little consulting help' voice:

Treatment works best when the doctor or therapist acts as a kind of expert consultant. As Home Depot puts it: "You can do it, we can help."



Sometime that works; more often, in my experience, it has not. Pyschotherapeutic treatment requires an element of surrender, of admittance of powerlessness, before it can take root. To be sure, there has to be a will that drives you into and sustains you through what can be a very painful time, but that drive is far different from that required for the almost casual, retail, form of treatment that Barber seems to favor.

This was not a helpful article.

Sleep

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I am lucky with sleep. Once in a while I will have a disturbed night, but on the whole I have no difficulty going to sleep, staying asleep and waking when I need to without the use of an alarm clock.

Read more...

Sunbathing In The Rain

This BBC dramatization of Gwyneth Lewis' Sunbathing In The Rain is well worth a listen.

As a life-long sufferer from depression myself, I can vouch that this is a powerfully accurate portrait of the mental changes that the illness forces upon you even if the course of my own illness followed a rather different path.

It's online until Friday.

My Uncle

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My uncle died from falling down the stairs of his country cottage and cracking his head against the corner of a wall. He lived alone, and was not found until a day or so after he died.

I was deeply affected by this death, not only because of its capriciousness, but also because it seemed to sum up what had been a life where fate rather than will was the driving force.

This all happened some years ago. I was reminded of it as I began checking and backing-up photographs stored on my computer following this week's mishap.

Read more...

No Depression

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For fear the hearts of men are failing,
For these are latter days we know.
The Great Depression now is spreading,
God's word declared it would be so.

I'm going where there's no depression,
To the lovely land that's free from care.
I'll leave this world of toil and trouble,
My home's in Heaven, I'm going there.

In that bright land, there'll be no hunger,
No orphan children cryin' for bread,
No weeping widows, toil or struggle,
No shrouds, no coffins, and no death.

This dark hour of midnight nearing
And tribulation time will come.
The storms will hurl the midnight fears
And sweep lost millions to their doom.


A.P.Carter as sung by The Carter Family, 1936

If ever there was a group that looked to the 'sunny side of life' while refusing to sugarcoat the difficulties of everyday existence, it was The Carter Family. The band itself, along with Jimmie Rodgers, spawned Country music - and this particular song became the title of both an album by alt-country pioneers Uncle Tupelo and an influential fanzine.

Ironically, I was not listening much to Uncle Tupelo when they recorded their album. Ironic, beacause I had seen the band probably at least six times in their earlier incarnation, The Primitives, when they played the local basement venue Ciceros in my neighborhood. For whatever reason I was into something else at the time, and Uncle Tupelo became an exact opposite of my experience with Death Cab For Cutie - a band that I was so far ahead of the curve of knowing that I had moved on by the time fame and fortune arrived for them!

Depression

I've been running into a few people around here who are showing signs of depression. Bleak posts with black outlooks.

Now, obviously, what someone posts semi-anonymously on a blog is no real measure of what is exactly happening with that person, although it's tempting to speculate. But what I can bring to this is my own experience.

I suffer from Clinical Depression. It's a disease and it is well characterized by the medical profession. I have had it all my life; it manifested itself most destructively during my teens. I was fortunate when in college to run into a psychiatrist who set me on the path of extensive Freudian analysis that pulled me back from the depths. In itself, that was not quite enough - that was supplemented by anti-depressants of varying types. Imipramine was an early one; not a wonderful drug as it has unpleasant side-effects. But the pharmacology of anti-depressant medicine has improved dramatically over three decades; these days I take a medicine called Wellbutrin that has no side-effects and keeps the depression at bay.

I still watch it carefully though. The beneficial effect of drugs can wear off, and needs monitoring which I do through regular visits with my psychiatrist.

As far as I am concerned, the disease is beaten. It thus pains me always when I come across people who may suffer from the same blackness, yet are not receiving the treatment they could be getting.

The reasons for this are many. Today, still, mental illness has a social stigma and many people do not want to admit that their problems may be beyond their own control. The disease itsef fights very hard to avoid being treated - the behaviors associated with depression are isolating, insular and self-defeating. For some, to admit to depression is a sign of personal failure; I take the opposite view - to admit to depression is a sign of strength that will lead to healing. Friends, family and colleagues frequently do not understand depression and find themselves baffled by apparently incomprehensible behavior; this often only reinforces the hold of the disease.

Depression is pernicious disease that can have deadly results. It is treatable, much like diabetes or cancer is treatable, and should be approached with exactly the same outlook as those physical diseases. But because it is a disease of the mind, it frightens and baffles people - both sufferers and those around them.

I would like this to change.

Depressed

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George Bush is really getting me down.

All over the wires, newspapers, internet, radio & TV, are pictures of his mug and quotes from his Iraq boosting speeches and news conferences.This man is in charge of a huge country and the largest army in the world and he's living in a la-la land of his own creation.

It is very depressing. He's now talkng about keeping troops in Iraq for the remaining years of his presidency. Lord knows what this will cost in lives and money. And not one lost life and spent dollar is going to make America any safer, securer or stronger.

Iraq is a debacle. As Eugene Robertson says:

This is not good. The people running this country sound convinced that reality is whatever they say it is. And if they've actually strayed into the realm of genuine self-delusion -- if they actually believe the fantasies they're spinning about the bloody mess they've made in Iraq over the past three years -- then things are even worse than I thought.



I can just about put up with an incompetent leader. But a delusional, incompetent, one? No wonder I feel like the U.S. is swirling down that proverbial plug-hole in the sky, soon to disappear with a vulgar gurgle. And if it did, there would be many worldwide sagely nodding their heads and saying 'told you so'.

So, I play the beautifully melancholic songs of Death Cab For Cutie (on the wonderful Plans album) - something of an American Smiths for this day and age - and wonder where it will all end.

The temptation to simply withdraw, throw the newspapers away unopened and block all the news internet sites, is strong. If our leaders can create their own fantasy world, why can't I? We all know that Bush is the bubble-boy, and he still seems to be cheerfully spouting the same nonsense of years ago with no personal ill-effects. Perhaps delusion is the way to go. Trouble is, reality has a habit of kicking you in the teeth sooner or later if you adopt that sort of attitude. Perhaps the most astonishing thing to me is seeing Bush oblivious as that great hobnailed boot gets closer and closer. Maybe it's even kicked him and he doesn't even know it.

Scary thoughts, but these are rather scary times.

And what is it about that multi-echoed piano sound straight out of John Lennon's early solo work that seems to be attracting so many artists these days? It's here on Plans, it's on the latest Oasis album. As Lennon sang on the Imagine album, Gimme Some Truth. Maybe that's what we need.
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