Imagine This:
Come home at the end of the day, pet the dog, kiss the kids, un-shoulder bags and coats, and head straight for the deck outside.
Why?
To answer the question.
The Question?
How much snow has melted?
The Next Question:
Has Mud Season arrived, and when will I get the chance to throw the ball against the pitch-back for my dog, Bear, again?
A triumphant, affirmative answer came three nights ago, when enough snow disappeared to create a small landing strip for the baseball wobbling against the pitch-back. By tonight, a semi-field existed of yellow, frozen-crusted grass and dirt, enough for me to rear-back like Randy Johnson and thrown a hard fastball from 30 yards away. My black Labrador dog, Bear -- now soft and out-of-shape after three-plus months of gentle walks from our house around the Lyme Common, all due to the frozen and deep snow which lay in our backyard this Winter -- panted again and again as I threw the ball.
This is hope. This is the real thing. A dark sky, a million stars, and the thrill of pitching a scuffed baseball again and again and again into the night at an aging pitch-back device.
A look-ahead at the weather forecast suggests Winter might be done for good. Like last year, the snow is receding very quickly. The Dartmouth Green is almost completely worn of snow. The Dartmouth Skiway has precious few trails remaining in operation, barely enough to meet this weekend's festivities. Cross-country skiing is finished, even though the woods surrender their snow last.
On days like this, the mornings arrive brisk and solid as ice, but by 11am, it's nearly 50 degrees Fahrenheit. Jackets fall away, hats are doffed, and almost everyone seems to have an extra bounce in their step and gait.
Mud season is everywhere. Regardless of where people live -- be it China or India, London or New York, Washington or Moscow -- they seek signs which suggest some thaw in the economic deep freeze which has gripped the nation and the world since at least the Fall of 2007.
This afternoon at the Tuck School of Business at Dartmouth College, Jeff Immelt of General Electric described the situation in candid terms that were as worrying as optimistic. We're living in historic times, he said, the likes of which he never could have predicted seeing in his lifetime. Immelt recalled that in mid-September 2008, he received a phone call from then-Treasury Secretary Hank Paulson (a fellow Dartmouth alumnus) who suggested that it was entirely possible that the Federal Reserve window for borrowing might not open the next day, and that GE ought to do everything it can to prepare for that possibility. Immelt described how he and a team at General Electric stayed up the entire night that evening preparing for that possibility.
Mud Season resets the calendar for those of us who live in northern New England. Suddenly our skin is not so dry and itchy. Suddenly our driveways are clear of snow and ice. Suddenly the snow drifts don't hover near the tree branches.
Immelt said this economic crisis is as deep and fundemental a reset as any in the last 100 or more years. It's the mud season to end all mud seasons. Immelt, a staunch Republican who said he has never voted for a Democrat, declared this afternoon that "we're all Democrats now." Government spending is the only answer, and a resetting of expectations around compensation, regulation, and social values is critical for businesses who hope to succeed in this new environment.
The market rally -- is it that? -- of the last few weeks appears to be a kissin-cousin of the optimism I bring every night to my back porch. I seek an end to the snow and ice in my backyard. Everyone else is asking, has housing hit bottom? Will durable good orders increase? Is there a bottom there, please? When does this horrible movie end?
Politicians assure us the end, if not in clear sight, will appear soon. Even Jeff Immelt said today that an end to this economic calamity will come. No one is entirely sure when, but if there's any parallel with mud season, it surely lies in the fact that time, place, and season to all things in this world.
Mud season does arrive. Spring follows, and Summer not long afterwards. Will the economy behave similarly?
I hope so. Everyone hopes so.
