Yo yo, I'd like to preface this post by stating that I am going to hopefully keep on top of my blog posts now. I'd like to become a bit more regular, and no fiberx is not going to fix it.
In this issue, I'd like to talk about the financial "crisis". Economics has really opened up my eyes because there is NOTHING TO WORRY ABOUT! Thats right... you heard me. Stop running down to the basement with thousands of cans of peaches and ramen, stocking up on AA's, and getting box of 10 million condoms off of ebay. Nay! Belay that! You see... Economics is fun, because it is a zero sum game. It's that simple. There is money in the world. Wow. Big surprise. However, no matter what you do, those goods still have value. Obviously the 777 point drop in the DJI today was enough to wipe out several hundred billion dollars in value, but still, that isn't anything. See, no matter what happens in the economy, no matter how bad it gets... The economy will grow at the rate.
Of course there are several key assumptions I make. The first is that there is a level of trust, especially in the financial markets. Since the great depression the financial system has been really stable. Even with banks falling apart all the time, no one who has their money in the bank is rushing the bank to get it out before it "disappears". Of course once congress passes the 700 billion dollar economic bolster-er, life will be hunky dory. Trust me, the US government will pass that bill, firmly cementing the US as a great socialist nation. True.
Anyways, even with all the instability, the economy is still really really stable. My second assumption is that there will be an increase in technological advancements. I think that is a given.
With those two assumptions, you can be sure that in a few years after the recession hits, the US will rebound with vigor not seen since the 60's. Its called the economic cycle. So just rest easy, and be like me -- get a job in 4 years when the market is on the upswing. Ha. Score one for me...
So go out, and live life, spend lots of money. You'll get it all back in three years, I promise. Hopefully I'll be writing more and more. Enjoy fans!
Thanks,
Guthrie
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