Clever video; give it a minute to get into the flow.
One underlying theme you might notice on my blog is that predictions don’t mean much to me. The line you hear in investment commercials, “Past performance are not indicative of future results”, is true for real estate too. For 9 years they have been swearing that interest rates are going up, and when they don’t, they give us reasons why. And how long have they said we will be in the midst of a recovery in two quarters? For about 3 years.
With the recent election increasing taxes you have strong opinions on both sides and they have theories to back up their opinions. If nothing else, this video will explain to you two main theories that our government bounces between and how long it’s been going on. Enjoy.
Found via robhahn
One thought on “Clever Explanation Of Economic Theories”
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Interesting that someone took the time to make a video about these two guys. Here's something else to look up. Everyone talks about the great depression after the stockmarket crash of 1929 because it gets a lot of attention and lasted for probably longer then it should have but that's debateable. Go look up the recession of 1920-21 and study how our country was so quickly able to jump out of that downturn and make things right again. You have in it a case where unemployment was up over 11% and in the matter of a handful of years it had dropped to below 2%, pretty interesting how that works if you ask me.