tag:blogger.com,1999:blog-1592992209402300549.post790126487504838308..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: That 1929 Stock Market Parallel Chart SiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1592992209402300549.post-42624103281406112072014-02-16T12:24:44.993-05:002014-02-16T12:24:44.993-05:00In all fairness to the many prognosticators of the...In all fairness to the many prognosticators of the past who made inaccurate predictions it is difficult to predict the future and the economy. We may indeed be on the brink of a 1929 crash or we may not. If it were actually possible to predict then it could be prevented (assuming that those with the power actually wanted to prevent it). The biggest confoundng factor in economic predictions is free will. Everyone including the government, investors and banks will make decisions to mitigate the effects of a economic downturn to them. What seems to happen in the worst times is that the accumulation of bad decisions and bad investments like a massive row of dominos dominates the underlying economic reality and then no amount individual or institutional mitigation can prevent the toppling of dominoes. Is that where we are today? Are the dominos all lined up and the tipping point at hand? I honestly do not know but I do suspect it is true. To many unusual events, to many quick fixes, to much kicking the can down the road and to many secrets. For my part I say buy some extra food and silver and take other steps that would allow you to at the least survive the first three months of a economic collapse. Not that I think it will be fixed in three months but it will take that long (probably) for the government and social services to wake up and do something. Anonymousnoreply@blogger.com