.Remember Third Eye Blind*? Remember that Tyson-Hollyfield ear-biting fight? Remember when Leo made his name as a teen idol love-struck boat passenger instead of as a nihilisitc Rhodesian diamond mercenary? Streets full of Explorers and Four-Runners? Better than Ezra coming in 2nd at the Grammys (with you know who in third)?
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Well, we've apparently made no economic progress since then if you believe the S&P, which last traded at 789 in February of 1997 and now trades there today.
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Hell, I couldn't even drive in February 1997!. Chinese Democracy had only one completed track**.
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What does this all mean? Well, it means that either we've destroyed a lot of capital despite ten years of technological progress OR that things were a bit flush back in the late '90s. Or that investors are panicking like a bunch of stampeding sissies (or they are being entirely rational in a recursive sense and acting preemptively before the sissies panic, thus ensuring that panic ensues--the logic gets circular).
So it looks like we're in for it; we're all gonna die:
Fire and brimstone coming down from the skies! Rivers and seas boiling!
Forty years of darkness! Earthquakes, volcanoes...
The dead rising from the grave!
Human sacrifice...dogs and cats living together... mass hysteria!
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You know who I blame for this whole mess? Barack Obama.
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* 3eb to us real fans
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** "IRS" probably
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