Ok. So you can’t get your hands on a DeLorean to make the conversion to a time machine. It doesn’t matter. If you don’t have a flux capacitor, you can fuggetaboutit.
Take heart. For $29.95, I can send you the plans to construct a simple, yet elegant, time machine of your own. That’s right. If you respond in the next hour, I will send you the complete plans for just $29.95 (monkey wrench not included).
Aiiight, so I’m messin’ with you.
Seriously, though. We all have our own basic, stripped down version of a time machine right under our noses. Maybe it doesn’t have the plush velour heated seats, and the gold inlaid steering wheel with the diamond IBC logo like the Fly’s, but hey, it’ll do your basic prognostication.
What’s this mysterious time machine in front of our now happy faces?
Remember freshman year, Econ 101, when you were sitting way in the back fantasizing about “doing it” with the cute blonde in the front row? Then you were suddenly jerked out of your pornographic stupor by the words: “leading economic indicator…stock market.”
As you all know, the market is a leading indicator of the economy. It usually discounts this 6 – 12 months in advance. So, based on what is going on with the market, what might that tell you about the state of our economy a year from now? Will the banks be out of the credit crisis? Will homeowners start buying McMansions and overpriced baubles and shit again?
Here’s the wild card….the election is several months away. We have one of the presidential candidates who is 15 points ahead of the other, based on recent polls of your average street person. This same candidate has flat out said that he wants to raise taxes. And, he has the backing of many of his colleagues and hordes of naive, and smitten with charisma, constituents.
So is raising taxes good or bad for the economy? Keep in mind that taxation is simply legalized confiscation of an individuals assets. Plain and simple. It’s taking more money from productive people and handing it out to unproductive people.
Bad for the economy.
Well, enough of the “subliminal” political rant. Back to the time machine.
As we get closer to November, if this same presidential candidate appears that he may win the prized asshat award, how do you think the market will begin to discount the subsequent 6 – 12 months?
When do we hit rock bottom in this “slowdown”? Is there more bad stuff coming down the road?
By the way, you can also put the time machine in reverse and if you have a good idea of what the economy will look like 1 – 2 years from now, you might be able to have the time machine calculate where the stock market will be by turning the dial to “6” or “12” using the backtest function.
However, it’s much harder to figure out where our economy will be 1 – 2 years out. For that, you’ll need the DeLorean and the flux capacitor.
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