Wednesday, March 11, 2009

Suckers Rally

Today's term is "suckers rally."

Can you say that kids? "Suckers rally."

Japan, the path the US has paralleled on a nearly 100% genetically identical manner, had several of them after their big bubble went poof. And in the end is still down 75% from its high nearly 20 years ago. If we followed the Japanese Nikkei, the Dow Jones would be roughly 3,500 by 2030.



Can you say, "I'm working past 65?"

I knew you could.
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2 comments:

  1. Anonymous2:47 PM

    Come on now, no deputy economist will be working past 65 unless it is by choice.

    ReplyDelete
  2. Captain Capitalism3:05 PM

    Deputy economists are like Jedi's.

    They don't account for the majority of the peeps out there and are a rare breed unto themselves.

    Don't get me started about (ahem, ahem, cough cough) Jedi Masters *smug smile* though.

    ;)

    ReplyDelete