Cool Economy

Below is a repost of my blog from last February.
Things are looking that way still.
I think that our fathers don't understand what an overheated economy is.
They have things all planned for an unrealistic level of activity.
The big activity always leads to problems.
The writing is on the wall! We have more than enough, but are never satisfied.
Biggest problem is unemployment, but we have defined it that way.
We think there is too much unemployment now because of a rate. A survey. An estimate.
Reality is a labor shortage!
There is a shortage of good productive laborers.
Overstimulating the economy in order to have "full employment" always leads to inflation which is bad for almost everyone and does little to help the unemployed.
The overstimulation is what causes the recessions.
We need to learn to live in a cool economy

COOL ECONOMY





Be Ready For The Next Recession
Some things you can predict.
There will be another recession some time in the future.
The current expansion is now about 20 months old.
Already there are signs of overheating.

The uprising in Egypt was partly triggered by rising food prices.
That is a sign of overheating.

The price of oil is approaching $100 a barrel.
That is a sign of overheating.

Three million dollars for a 30 second spot on the super-bowl.
Overheating

I hope this expansion will last a long time.
But it could end at any time so be ready.