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Predictions are useless without dates. Dow will likely hit 36,000, even 100,000 at some point. Issue is, is it next year, 10 years, 100 years, 500 years?
Same thing with the doomer wave theorists - "dow will crash - depression will happen" was uttered in 1980. Originally they said it would happen in 1990 - oops.
Sounds like lance.
ReplyDeletePredictions are useless without dates. Dow will likely hit 36,000, even 100,000 at some point. Issue is, is it next year, 10 years, 100 years, 500 years?
ReplyDeleteSame thing with the doomer wave theorists - "dow will crash - depression will happen" was uttered in 1980. Originally they said it would happen in 1990 - oops.
"...these guys can still find gainful employment at right-wing think tanks."
ReplyDeleteReally?!?! I thought they all worked for Chris Dodd and Barney Franks at the DNC.
A bout of hyperinflation would get us to a DOW of 36000 in no time..
ReplyDeleteBe careful of what you ask for.
Anonymous said...
ReplyDelete"Really?!?! I thought they all worked for Chris Dodd and Barney Franks at the DNC."
Nope. You'd think that, but they actually got jobs at the American Enterprise Institute. See here and here.