Tim Knight from Slope of Hope's blog
You will note something quite interesting: up until October 2011, commodities and equities had an awfully strong positive correlation.
I read your post Pity the Sub Genius and agreed with a lot of what you wrote. However you missed what I think is the biggest killer of middle class jobs, and that is technological innovation.
They say be careful what you wish for. And, as is often the case, "they" are right.
As you can see by this view of the NQ, this massively bullish news has not, as of yet, represented any kind of sea-change in the markets. Before the day was even out (again, in some, not all markets), the entire move up was reversed.
There, standing on the brick sidewalk on the corner of Bryant and University Avenues was a person unlike any I had ever seen before.
A little more than a year ago, I did a post with a typically subtle headline: "Why Google Glass Will Fail Miserably". Well, this just appeared in Reuters, and although its headline isn't as blunt as mine, the article pretty much states that Glass is every bit the flop I predicted it would be. So there.
I did a post less than a month ago called Won't You Be My Neighbor? which vividly captured a crumbling rustbucket of a "house" that was being offered for $1.8 million.
Let's say there was a fellow here in Palo Alto named Brad. He told me that he had invented the world's perfect tiger repellant. He simply sprayed it on, and voila, no tigers would bother him.
Enjoy the sensuous downy smoothness of the currency everyone loves to hate.
Just as "orange is the new black", I think that "oil producers are the new gold miners." It doesn't sound quite as good, but here's my point:
In future years, when historians try to ascertain why on earth the massive middle class of the United States willingly allowed itself to be completely hollowed out......
Sure, it would be neat. Maybe the gang could stop by the malt shop and grab a pop and a burger! We wouldn't want to be late to the sock hop at the gym tonight and spin a few platters. I heard there might even be some necking afterwards!
At the midpoint between our two houses is a funeral home which, oddly, Marissa Mayer decided to buy a couple of years ago.........
Way back on August 30, I did a post called Past Fear, Present Fear, which offered up an analog of the VIX I followed up on October 9th with my Moment of Truth post, which was just before the markets started really falling hard. Thus - so far, so good. I've hacked together an update of the analog.
Want to live near the 0.1% and their problems? May I present to you 258 Middlefield Road, Palo Alto, California, which is located within walking distance from my house and is a mere $1,800,000 (well, that's the asking price, but it'll probably go for more). Behold.......