Liquidity Injected (Musical Tribute)

Sharper Image stores to be closed and liquidated

More than $50 million of inventory is being sold at 86 Sharper Image store-closing sales throughout the United States, liquidators the Hilco Organization and Gordon Brothers said in a statement.

Part of me (certainly not all) thinks this could easily mark a (zz) top of the commodity boom. The following song was released in 1983. That wasn't exactly the best time to still be hoarding gold watches and/or diamond rings.



Gold watch, diamond ring
I aint missin' a single thing
And cufflinks, stick pin
When I step out I'm gonna do you in
They come runnin' just as fast as they can
'Cause every girl crazy 'bout a sharp dressed man

That being said, I remain a long-term paper stagflationist just the same. 1983 was also not a great year to bury paper dollars in the back yard. As seen here, the consumer price index has more than doubled since then. The pure stagflationists might point out that gold has too and that gold watch hoarders in 1983 just needed to be very patient. Who would I be to argue?

May 12, 2008
Gold watch 'fetches millions at auction'

News service Reuters said the price paid for the Patek Philippe chronograph watch is a record high for the auction house that handled the sale, Sotheby's.