Don't Panic - Buy Index Funds and Real Estate
There are still reasons for hope. Exports are phenomenally strong. Minerals and agriculture are strong. Medical is strong. The government sector is large and robust. Sadly, military must remain strong indefinitely.
The government is running an immense deficit, and this is stimulative. True, finance is in tatters, as is transportation, refining, and home building. These are large sectors. They may fall so much that they bring the economy into recession.
But think about this...
Buy real estate and pin our hopes on a large and robust government sector running an immense deficit? Forget ethanol and wind energy. Brain power can fuel our cars!
Brain Power
Did I mention I was drunk
When I thought it up
Here's a bonus.
ReplyDeleteMarch 18, 2007
Ben Stein Says Economy Is Fine
http://www.cbsnews.com/stories/2007/03/18/sunday/main2581859.shtml
Sunday Morning Commentator Says Don't Worry About Foreclosure Blues, The Mortgage Market Is Robust
There's that robust word again.
You keep using that word. I do not think it means what you think it means. - Inigo Montoya, Princess Bride, 1987
One more comment.
ReplyDeleteExports are phenomenally strong. Minerals and agriculture are strong. Medical is strong.
Export prices are phenomenally strong. Mineral and agriculture prices are strong. Medical prices are strong.
Not quite as strong as Zimbabwe with their runaway inflation, but pretty darned strong compared to our recent past. Woohoo!
Looks like treasries just got tuned into toilet paper, Must be why they are valled T-bills.
ReplyDeleteAnonymous,
ReplyDeleteIt seems our economy needs more than a tune up. Every time the gas pedal is pushed down she starts spewin' both white (deflationary) and black smoke (inflationary).
Could've had a V8
Does it refer to the size of the engine as gas prices rise or to the cost of the drink as vegetable prices rise? Conundrums abound. In any event, we're continually being hit on the forehead for choosing poorly.