Clusterstock has thoughtfully assembled a list of the most bearish financial pundits, but really, they’re all a bunch of perkypants compared to Jim Kuntsler, except for Dimitry Orlov, who also basically predicts we’ll be living in caves and grubbing for worms as penance for our excess while society collapses around us. Such prognostications apparently fill them with glee.
Bizarrely, they both fly around the world in jets on well-paid speaking tours telling us how jets and the electricity to power the microphones they speak into will soon be a distant memory, and would you like your worms sauteed or raw.
I’m very practical, not clinging to theo-pessimism as a way of life. Show me what will underpin the Perkipants “revitalized” economy and I’ll recant my negativism.
Federal stimulus creates new jobs and bolsters economy, back-stopping banks drops interest rates and frees more money to be loaned.
Even Dr. Doom is getting guardedly optimistic. Not that all is well, not hardly, just that maybe we’ve mostly bottomed out and that there are some signs of recovery.
Points well taken but I’m with the mrs on this one, there just isn’t anything substantial out there as yet to underpin a “revitalized” economy. This bottoming out you are so (rightfully) guardedly optimistic about is but the first speed bump in an increasingly steep slide into 2012. That it’s not just the economy but the entire perhaps ten thousand year old usurious social/economic order that’s collapsing on a global scale, ahhh… complicates the statistical model and I haven’t quite found the correct weighting value to bring it into alignment with students of phenomenon more notorious than I.
IMO the jury’s still out. Buy Apple in the morning and ammunition in the afternoon. And plant you garden because whichever way it goes, you’ll want tasty food.
That I can’t patch it in here, so check out this cartoon over at my place, sums it up ’bout right.