The Observation Deck

It's time to get over the media generated mass panic attack:

http://www.usnews.com/blogs/capital-com ... think.html

The unemployement rate now is about where it was in the first year of the Clinton presidency and about 30% below what it was in the first year of the Reagan presidency.

Real wages are up about 4%.
Commodity prices have stablized and some are increasing.
The feds are printing money faster than the Weimar Republic.
The huge drop in the price of petroleum has cut energy bills by about $500 billion per year.

The housing industry is in bad shape and is not going to get better anytime soon but that is actually a good thing.

The only dark clouds on the horizon are the economic plans of Obama and the the Democratic congress. The trillions in government spending will lead to a crowding out capital and inflation rates of 10% or more.

Short term: Things are looking up.

Long term: 3-5 years - Jimmy Carter stagflation.

Did the depression start?


Thank you Congress!