The Haircut-to-Oil Ratio
I wonder what the "haircut to oil" ratio was during the Great Depression. That is, how many haircuts could you buy for one barrel of oil? In the Great Depression, it had to be at least 100 haircuts for one barrel of oil. Perhaps more. Today, you can buy about 4.
I think that number explains more than anything exactly what's wrong with our economy. Haircuts havent changed since the Great Depression. Yet somehow the market has been manipulated into believing that one barrel of oil, capable of doing the work of hundreds of laborers for hours, is only worth 4 measely haircuts. One barrel of the substance to which we owe our entire civilization, is worth that little? That belief leads to a logical fault. This is proof that the market is completely broken, and collapse is inevitable. The market will be closer to reality once you can buy at least 20 haircuts for a barrel of oil. But 200 is an even more realistic figure.
I think that number explains more than anything exactly what's wrong with our economy. Haircuts havent changed since the Great Depression. Yet somehow the market has been manipulated into believing that one barrel of oil, capable of doing the work of hundreds of laborers for hours, is only worth 4 measely haircuts. One barrel of the substance to which we owe our entire civilization, is worth that little? That belief leads to a logical fault. This is proof that the market is completely broken, and collapse is inevitable. The market will be closer to reality once you can buy at least 20 haircuts for a barrel of oil. But 200 is an even more realistic figure.
posted by Iconoclast421 at 2:08 PM
2 Comments:
Iconoclast,
Why didn't you include the CunningLinguis(t) (i) Bikini Isle Wax; or (ii) Tom's Tweazer Sensual Torture Put Options to their various subsequent Multiple Drill Baby Drill and Massage Aroma Oil Ratio's? ;-)
SilverStarHoneySuckle
Icon
I've just read your own blog for the first time. Well done. I agree with most of what you have written. I do know someone, who, back as far a the seventies was predicting virtually everything that is happening now: my dad. Except he wasn't just guessing. He was privvy to some very closely held information and he was sworn not to divulge any identities. This sounds Big Brotherish, and I'm embarrassed to even bring it up, if it wasn't so gol darned accurate. Just one stat: He was a 27 year career foreign service diplomat. Want to know more? I'd be happy to continue off this blog.
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