CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, November 11, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- New Auto Affordability Close to All-Time High
- Larry Summers Mischaracterized By CNBC
- Real Price of Gas Approaches Four-Year Low
- UAW Contracts Put Detroit On Road to Ruin, and A $...
- Detroit Auto Makers Need More Than a Bailout
- The Fatal Conceit of Bailouts
- Punitive Oil Taxes Will Give Us Less Oil, Not More
- Should We Really Bail Out $73.20 Per Hour Labor?
- October Wholesale Electricity Prices at 7 Year Low
- Why Was Jesse Jackson Crying?
6 Comments:
I likewise saw two gas stations in Houston running at $1.69 this past Sunday. Weren't we running out of the stuff a few months ago?
Merrill CEO says economic environment recalls 1929
http://www.reuters.com/article/bondsNews/idUSN1151422220081111
Enjoy your cheap gas and your depression frat boy. No you you didn't see it coming. Unemployed homeless people don't drive cars. They sleep in them.
Welcome to the world of DEFLATION
"No you you didn't see it coming. Unemployed homeless people don't drive cars"...
Well maybe these people should get a job...
Oh wait! Obama won the election, the wretches are just waiting on him to give them a hand...
Work for A.C.O.R.N., do you?
Enjoy your cheap gas and your depression frat boy.
Thanks. I do plan to enjoy the depression. Since I'm sitting on a pile of cash, I'm rooting for a big deflation.
Enjoy your time in the soup lines!
"wretches are just waiting on him to give them a hand..."
I watched that YouTube video. Based on the few YouTube comments I read, I hope no one really thinks she truly believes she will never have to pay for gas or mortgage. That's clearly not what she was saying. She has so much hope that Obama will turn things around that she said she "won't have to WORRY" about paying her gas or paying her mortgage. She didn't say she won't have to pay for those things, she said she won't have to worry about paying them; which, in our current economic condition, many people do. It's okay for people to hope for a worry-free life. (please note that I didn't say a "free" life.
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