All the employment gains since 2008 have been erased totally, in just a month and a half. Yet the market keeps going higher. Won’t last. Hard times are coming. There’s a wrecking ball going through state and local government budgets. The virus was just the pin that popped the bubble — the bubble was there all along, fed by easy money from the Federal Reserve. An unproductive, debt-ridden economy with market prices inflated to the hilt. When this thing collapses, it is going to be epic.
Published by Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up. View all posts by Henry Barnard