Dr. Housing Bubble 09/12/08

[Crewleader]

Three Emerging Trends of a Depressed Economy:
Pundits Screaming for Economic Socialism, People Going Back to College, and 99 Cent Stores Taste Inflation.

You would think that given the magnitude and sheer size of the Fannie Mae and Freddie Mac bailout that Americans would at least be more curious about the formula as to how this thing is going to unfold. . Instead, the public is focused on the “shiny things” once again like someone suffering from ADHD and needs to have new stimulus every minute. I felt this way watching CNBC this week. They have so many tickers, popping out yellow/red graphics, and special sound effects that you feel like you’re playing some kind of Wii game and if you take your eyes off the screen for one second a tennis ball is going to fly through and knock you out. Such is the world we live in today that even the “premiere” business station is more like an Ultimate Fighting Championship match.

To a certain extent it is necessary to keep people over stimulated given the absolute negative nature of the current economy. Yet this keeps people from actually focusing on the real problems that confront us because these problems are complex and multi-faceted that a single minded approach is not going to solve them. There was a great round table discussion on Charlie Rose this Monday discussing the Fannie Mae and Freddie Mac bailout:

http://www.doctorhousingbubble.com/three-emerging-trends-of-a-depressed-economy-pundits-screaming-for-economic-socialism-people-going-back-to-college-and-99-cent-stores-taste-inflation/