Sunday, August 02, 2015

A quick thought about boom/bust economics...

Mind numbing, someone's making sense, and, considering he's a man who would actually know, I'd say this statement is important...

A friend of mine, who has been looking for a boat for some time, pointed out that he thought the price of decent fixer upper boats would keep falling and only an idiot would buy a boat at the moment.

Me, I'm not so sure.

Bubbles confronted with reality always burst sooner or later. It's just a fact of life.

Where boats are concerned it is only a matter of time before folks are going to wake up and realize it is bad economics to sell a boat for less than the price of the lead in its keel...

On a side note, one of the fastest growing  criminal activities in the US of A is the theft of raw materials from buildings and infrastructure... Copper wire/pipe, aluminum, steel, and lead being the most sought after.

Just something to keep in mind...

Listening to Blues Traveler

So it goes...