Comments on: GDP Adjusted per Capita http://www.ritholtz.com/blog/2009/02/gdp-per-capita/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 15:05:57 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Expat http://www.ritholtz.com/blog/2009/02/gdp-per-capita/comment-page-1/#comment-144662 Expat Mon, 09 Feb 2009 08:19:52 +0000 http://www.ritholtz.com/blog/?p=18555#comment-144662 Hmmm, "the history of most bear market lows"? Hmmm. So, this is just another, typical bear market. Twelve months of pain and back to the moon, or something like that? I have a degree in economics, two of them, and I would have failed any course I took for offering up such analytical drivel. Of course, this analytical (from the Latin "anal" meaning ass and the Greek "ytical" meaning "to pull out of") drivel is typical of the kind of commentary which got us here in the first place. As far as I can tell from studying this crisis, the US consumer is tapped out, the banks are broke, unemployment is massive, and government debt is approaching levels which no longer even make sense. We are deflating the biggest bubbles ever. But, not to worry, all we need is one more "panic" sell-off and all will be well. Did I miss something in this short article? I would hate to rant for no reason so perhaps this was satire or an overly short excerpt from a longer piece. Hmmm, “the history of most bear market lows”? Hmmm. So, this is just another, typical bear market. Twelve months of pain and back to the moon, or something like that?

I have a degree in economics, two of them, and I would have failed any course I took for offering up such analytical drivel. Of course, this analytical (from the Latin “anal” meaning ass and the Greek “ytical” meaning “to pull out of”) drivel is typical of the kind of commentary which got us here in the first place.

As far as I can tell from studying this crisis, the US consumer is tapped out, the banks are broke, unemployment is massive, and government debt is approaching levels which no longer even make sense. We are deflating the biggest bubbles ever. But, not to worry, all we need is one more “panic” sell-off and all will be well.

Did I miss something in this short article? I would hate to rant for no reason so perhaps this was satire or an overly short excerpt from a longer piece.

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