Rabu, 06 Juli 2016

A quick thought about boom bust economics

Mind numbing, someones making sense, and, considering hes a man who would actually know, Id say this statement is important...

A friend of mine, who has been looking for a boat for some time, pointed out that he thought the price of decent fixer upper boats would keep falling and only an idiot would buy a boat at the moment.

Me, Im not so sure.

Bubbles confronted with reality always burst sooner or later. Its just a fact of life.

Where boats are concerned it is only a matter of time before folks are going to wake up and realize it is bad economics to sell a boat for less than the price of the lead in its keel...

On a side note, one of the fastest growing  criminal activities in the US of A is the theft of raw materials from buildings and infrastructure... Copper wire/pipe, aluminum, steel, and lead being the most sought after.

Just something to keep in mind...

Listening to Blues Traveler

So it goes...

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