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theoildrum.com - 3/8/2009

How $30,000 Can be More Than $300,000

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In interviews, speeches and in writing on this blog, I often point out that financial capital is just a marker for real capital, which is comprised of natural, built, social and human components. In the context of upcoming social upheaval given numerous converging crises, this post is a brief ...

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bespokeinvest.typepad.com - 3/9/2009

Dow 6,000? 5,000? 4,000?

— bespokeinvest.typepad.com — Back on November 20th (which was at least a short-term bottom), we asked readers how low the... Dow would get between then and the end of 2009. As shown in the chart below, 6,000 got the most responses. With the Dow currently at 6,400 and change, 6,000 ... (more) Dow 6,000? 5,000? 4,000?

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Readings: 30k > 300k, UK $1T run, Economy in the dump
GalaTime — The Oil Drum: How Can $30,000 Be Greater than $300,000? There is a ‘monkey-trap’ that exists among people with high incomes, which makes them both unable to see they have ‘enough’ and slow to change their markers into real capital. Based on recent and real conversations with those making north of $1 million per year, it is COMMON among this crowd to feel great pressure to continue at or near this level. They ’see’ the upcoming depression and energy crunch and feel that making ...