Leading Economic Indicator: Seattle Beggars
Beggar: Can you spare $5?
Pedestrian: Prices have gone up.
Prices have gone up indeed. A few days ago beggars were asking for spare change - say roughly 50 cents on average. Now they're asking for $5 - a 900% increase. 900% over 1 day averages out to 328,500% per year. Within a year a cup of coffee will cost over a million dollars. People will need wheelbarrows to carry enough money for parking for their wheelbarrows. I will be asking for $100 bills as change so I can spend them in strip clubs (I do that already, but in a year I'll be frequenting MUCH seedier strip clubs).
Incidentally, this is why the Fed was so reluctant to lower rates - the country is already facing hyperinflation. Take my word for it: we have entered a sort of Weimar period of decadence and despair... and something is slouching towards Bethlehem to be born.
Pedestrian: Prices have gone up.
Prices have gone up indeed. A few days ago beggars were asking for spare change - say roughly 50 cents on average. Now they're asking for $5 - a 900% increase. 900% over 1 day averages out to 328,500% per year. Within a year a cup of coffee will cost over a million dollars. People will need wheelbarrows to carry enough money for parking for their wheelbarrows. I will be asking for $100 bills as change so I can spend them in strip clubs (I do that already, but in a year I'll be frequenting MUCH seedier strip clubs).
Incidentally, this is why the Fed was so reluctant to lower rates - the country is already facing hyperinflation. Take my word for it: we have entered a sort of Weimar period of decadence and despair... and something is slouching towards Bethlehem to be born.
posted by James | 4:34 PM
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