Wager Update

Back in June of last year I offered two pounds of applewood bacon as stakes in a two year wager. The wager is that I believe that inflation plus unemployment will exceed 11.4% in June of 2012.

The current inflation rate is 2% with the Treasury having some difficulty selling its bonds and Social Security going negative. The official unemployment rate is 9.7%.

I'm not preheating the oven yet. But I really like bacon.

I hope for our country that I lose. But if I don't, I get bacon! There's always a bright side.

The Country's In The Very Best of Hands

For Clifford, who lacks faith. Why when those Chicago brainy types get through fixing things, we won't even reognize our own country.

;)

Quote of the Day

"I would point out that, current economic conditions notwithstanding, economists have correctly predicted 24 of the last 5 recessions. Doomsayers abound and are much more in evidence than good news."

This should be engraved on the head of every economist.

From here.