In the Valleys of Blog | KUNSTLER

I found this a somewhat entertaining bit of sarcasm regarding the state and direction of the US economy. Kunstler likens it to the tattoo nation and makes the following observances:

"...there’s the non-theoretical, non-financial economy, which is now apparently based on the trade in tattoos, and the journey by automobile from the nearly foreclosed home to the tattoo studio, and to the hamburgers, pizzas, and fried chicken thighs consumed on each end of the journey. Judging from the sheer number of tattoos-per-capita, one might think that a certain tattoo saturation point had been reached in this country, unless the market can be expanded, say, to maternity wards where newborns can get full “sleeve” and neck jobs on Medicaid."

Or, regarding Larry Summers as the next possible chairman of the Federal Reserve Bank:

"This is the same Larry Summers who remarked not long ago that Quantitative Easing was not an effective way to stimulate the economy. Apparently he did not notice that QE is wonderfully effective for juicing the tattoo economy because it produces vast new quantities of citizens who perceive themselves to be losers.   ...I don’t think a more perfect figure might be found for piloting the garbage barge of American finance over a Niagara Falls of consequence."

(Disclaimer for those that might care: I don't automatically equate tattoos with losers but, just thought this an entertaining viewpoint.)

Hope your week is a great one!