I was walking in downtown Palo Alto, CA (the capital of silicon valley, American entrepreneurial spirit, etc etc.) when I noticed this homeless man get on a boulder and started shouting. Not the first time I’ve seen this, but it was the first time that I saw a hobo talking about the economy. In fact, he was shouting some statistics about the economy: inflation rate, budget deficit, liquidity crisis, and *drum roll*…. UNEMPLOYMENT RATE!
I was thinking exactly two things:
- Wow. This man’s smart.
- Holy shit. We’re in trouble if a homeless man thinks we’re f*cked.
I’ll be sure to look for this homeless man at peak of the next bubble.
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