I'm Outside the Autistic Asylum!
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Introduction to Wonko the Sane and Outside the Asylum, which this blog is named after.
Thursday, March 12, 2009
We may be nearing the bottom
It's all over the economic blogs this morning Retail sales are stabilizing, we may be nearing the bottom of the start of the depression, at least as far as deflation is concerned. Time to take your money out of whatever investments it's in and invest in REAL stock- tangible durables. The prices you're going to see in the next couple of months on tangible durables will NOT be repeated in your adult lifetime- if you're under 10 years old you might stand a chance of seeing these prices, adjusted for inflation, again, depending on how bad Obama screws up. If he does as well as FDR did, though, with his New Deal, you won't see these prices again until at least 2079; so now's the time to buy, buy, buy.
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2 comments:
Some say current recession is one time in hundred years.
Yes, Black Monday was on the 19th of October, 1987,
Black Tuesday was on the 29th of October, 1929 so if current recession were more hedious than Black Monday, it might be a recession one time in hundred years. I don't think so.
And how about the war? War was a total devastation in both Europe and Asia, but not in the least in America. In Japan the worst depression was just after the war, neither 1929 nor 1987.
I feel the limitation in the way Americans choose as to how to use the term 'once' in hundred years.
This is one of the phrases Americanised, but not globalised.
More like once every 70 years for this type of recession in the United States. It differs from the other recessions in that it is actively deflationary- most recessions in the United States are still inflationary, just inflationary at a reduced rate.
Yeah, only damage done during WWII from the Japanese was in Hawaii and Oregon- your subs couldn't even hit a barn in California.
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