Cow and Boy Classics by Mark Leiknes for September 11, 2020
September 10, 2020
September 14, 2020
Transcript:
"Why does a house that costs $50,000 in 1970 cost $200,000 today? Why can't something be worth what it always was?" "Well, there are shifts in supply and demand, and global markets are also brought into play." "Exchange rates play pickle with currencies. More people compete for the same jobs and all of this info is fed into the Greenspanatron 5000." "Which spits out a bunch of numbery equations about money and junk 'n' stuff." "You have no idea what you're saying."
tonypezzano almost 4 years ago
Does not mean Cow isn’t a financial advisor.
J Short almost 4 years ago
About as accurate as anything else out there.
J Short almost 4 years ago
While living in Tampa , Florida in 1968, I was being driven to school when we saw condos on a deep water canal for sale. The condos were white stucco, with red terracotta roofs. They each had a boat dock. Price was $50,000. We cracked up, because who in their right mind would pay $50,000 for a condo?
PoodleGroomer almost 4 years ago
The Greenspanatron 5000 was the first Federal Reserve computer without vacuum tubes.
jlrake almost 4 years ago
Cow forgot the same info going into the more regrettable Keynesatron computer, too.