FORGET THE OIL SHORTAGE...
KRUGMAN IS WORRIED ABOUT THE US BUBBLE SHORTAGE...
THE US ECONOMY HAS BECOME SO DEPENDENT ON BUBBLES THAT WITHOUT THEM WE WILL STAY IN A PERMA-RECESSION...!
BUT WHY?
WELL, AMERICA HAS A DE-INDUSTRIALIZED NATIONAL ECONOMY...
WE DON'T "MAKE" ANYTHING. ALL THE FACTORIES ARE CLOSED...OR CLOSING...
THAT WAS ALL PART OF THAT NOTION THAT WE WERE GOING TO DO THE FUCKIN "BRAIN WORK" FOR THE WORLD.
AND LET THOSE LITTLE YELLOW AND BROWN PEOPLE DO THE STUP LABOR FOR US...REMEMBER?
BECAUSE NATURALLY, WE ARE A BUNCH OF FUCKIN GENIUSES HERE IN THE US...OH YEAH...FUCKIN GENIUSES EVERYONE!
THAT WAS ALSO BACK WHEN JOE SIX PACK WAS GOING TO PROVIDE FOR HIS OWN RETIREMENT BY SPECULATING IN STOCKS IN HIS 401K...REMEMBER THAT?
YEAH WE ARE ALSO BUNCH OF FUCKIN FINANCIAL GENIUSES HERE...!!
THE RESULT:
WE CAN'T "TRADE" OUR WAY INTO THE "OLD FASHION" PROSPERITY OF THE THE PAST....BY SELLING "THINGS"....
NOW, WE JUST SPECULATE AMONG OURSELVES...AND HOPEFULLY DRAG IN A FEW FUCKIN FOREIGNER SUCKERS...
THE PROBLEM IS THAT JUST SPECULATING AMONG OURSELVES IS NOT REALLY PRODUCING ANYTHING...
OK SOME OF US CAN SING AND DANCE...BUT NOT EVERYONE. ...
SO, I SELL YOU MY $1000 DOG..., FOR YOUR TWO $500 CATS...
AND SO IT GOES...ALL THE WAY DOWN THE FUCKIN SEWER...
THE DOLLAR FALLS FARTHER AND FARTHER OFF THE GLOBAL RADAR SCREEN...
AND AMERICANS CAN'T TRAVEL ABROAD ANYMORE BECAUSE OF THE CHEAP AMERICAN PESO...
BUT WORSE YET, THEY CAN'T EVEN AFFORD TO GO ANYWHERE INSIDE THE US...BECAUSE OF HIGH GAS PRICES...
IF KRUGMAN IS RIGHT...AND WE NEED OUR "NEXT BUBBLE".... WE COULD HAVE A REALLY LONG WAIT...
THE US ECONOMY IS NOT "LIKE A CASINO" NOW...
IT IS A CASINO...!!
WE'RE JUST PUSHING CHIPS AROUND NOW, WHICH HAVE LITTLE OR NO UNDERLYING VALUE...
BOTTOM LINE: DOW UP ANOTHER 300 POINTS TOMRROW!!
YEAH BABY...I LOVE BEING A FUCKIN GENIUS...!!
