Some people talk about how the current credit bubble we’re in was the tail end of a 30 year bubble. According to this chart, we’ve just lost a decade of gains in the S&P500. If you held the index from peak, you’ve lost over half your dough. If you keep holding, you’re gonna lose a hell of a lot more if the 30 year bubble unwinds completely. The Dow would be under 1000, where it hasn’t been since right after I was born. If you look at a graphic of this, you’ll see how frighteningly far there is potential to fall.

But there’s hope, because there’s crazy guys out like this guy, thinking up crazy new objects and then amazing ways to use them.

Tags: depression 2.0, no really we're really fucking fucked this time, we're fucked

This entry was posted on Monday, February 23rd, 2009 at 15:51.