• No major economic events scheduled for release.

Mixed signals suggest a continuation of the personalization of the global economic shakeup. Last week, while on a working vacation in Maui, Hawaii, we spent time reflecting and considering the current situation, and came to the conclusion that more than any other recent recession/depression or whatever you call the current economic situation, one thing stands about this period of time. It's more personal and varied than others in the recent past.

For one thing, despite the widespread damage reported, not everyone has been affected in a similar fashion. Aside from the fact that most people have seen some sort of negative as a result of what started as a mortgage crisis, as time has passed, fewer folks have been as affected as others. This suggests that the system has begun to adjust, and that a new order is starting to emerge.

And this makes sense, given the way the Universe works via a three step spectrum, Chaos (normal, non-linear order), Disorder (when things go wrong system wide), and Complexity (the way things start to puth themselves back together). This is based on the tenets of Chaos Theory, which states that the Universe is predictably unpredictable, and that Chaos will eventually fall into Disorder. Complex systems are self correcting, which means that at some point some kind of new non-linear order begins, and Chaos is returned, most likely at at a different level, with a whole new set of parameters to deal with than in its prior incarnation.

Where analysts and normal people get into trouble is in the way they look at life. Most folks are taught, or infer that the Universe, and thus our planet follow some sort of linear order, where A + B = C in some sort of a straight line. In fact, events tend to travel in channels defined by trend lines, much like stock charts. As long as events continue along a particular general direction, as confined by the upper and lower bands or borders, they follow a trend. When events rise or fall above these trend lines, Chaos is no longer in control and Disorder takes over.

When the world is viewed through this prism, it makes a lot more sense than when seen through the more rigid, and error prone view of linearity. So armed with our spectrum as a guide, we noted the following things last week:

• According to The Maui News, the state of Hawaii has lost some $98 million this year from cancelled junkets. Many of these cancelled corporate events have resulted from the U.S. government's clampdown on banks and financial firms that have taken government bailout money.
  
  
• As a result, the general atmosphere during our week's stay was subdued. Folks went about their business quietly. There was traffic on the streets of the island, but much less than we've seen on prior visits, especially after dark when it was quite easy to get around. We saw mostly tourists, with the usual surfers and other locals barely registering on the radar screen.
  
  
• The hotels and shops were varied in occupancy, with the very upscale places having generally fewer customers than we've noted in prior visits, while the walkways between shops had decent traffic. As the week went on, though, things got a bit more crowded, although nothing compared to what we saw a few years ago in the same places. It was clear, though, that local shops and restaurants, away from the big hotels and the "tourist" areas were doing better, as their prices were about one half of those offered by the hotels. This is a growing trend in all of our recent travels, local shops with good reputations and that offer value seem to be faring better in smaller cities.
  
  
• The flights, there and back, were full. But the plane was smaller, suggesting that the airlines have also adjusted. Food choices, and prices at the airport, and on the planes have increased. More interesting was the feeling we got from the friendly and courteous activities of the crews that these folks were thankful to have jobs, and to be flying to Hawaii for a living.
  
  
• A significant difference, and clearly a reflection on the global economy, was the decrease in Japanese and German tourists on the island. During previous visits the number of folks from those countries was rather large. Who was there this time? How about Canadians? Tar sands and other natural resources have clearly made a difference in that country's economy and its ability to produce wealth.
  
  
• Doctors, and other health care practitioners that were at the conference we attended, mostly from the West Coast, were not complaining about managed care, at least not loud enough for us to hear much. The conference, rather than a big moan and groan session as others that we've attended have recently been, was a quiet affair dealing with science and its application to the daily practice of medicine. This is different than we've seen in Texas, where any gathering of physicians or any health care practitioner always moves toward complaints about managed care.
  
  
• People are buying homes on the island. And there is construction. Both seemed steady. And yes, there were a fair amount of spaces for lease, but not enough to suggest any kind of crisis. Prices for gasoline and other items, foods, toiletries, and so on were higher than on the mainland, but nothing too extraordinary.
  
  
• At the same time, we were receiving communique's from sources involved in plans for tea parties on April 15th. According to the information we received during the week, there are going to be multiple tea party protests throughout the U.S., involving "thousands" of protestors on April 15th.

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