Batten Down The Hatches


The economy is like the weather; we are very good at making short-term predictions, but over the long-term, we don’t have a clue.


High Anxieties: The Mathematics of Chaos (60:00)



They say that getting to the summit is only half the journey; you hafta’ make it back down again, too. It’s getting to be a pretty big drop.


How long do you think it’s gonna’ rain? Forever?


And what do you think will happen when it stops?

Dow Jones Industrial Average, 1900 - August 17, 2007.

Dow Jones Industrial Average, 1900 - 1940.

The greatest economic mind in America (supposedly) thinks she can keep the ball rolling indefinitely. Some, including Al Bartlett (1:13:53), would disagree.