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Links: Cheapest Family in the Nation, Chicken Little, Beer in Zimbabwe

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Some of my reading from last week:

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5 Comments on "Links: Cheapest Family in the Nation, Chicken Little, Beer in Zimbabwe"

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Katie B.
Katie B.
8 years 6 months ago

I’ve been following the Zimbabwe economic crisis for sometime now and while the numbers alone are always shocking- that picture is an incredible image.

The Digerati Life
8 years 6 months ago

Thanks for the link Ramit! I’m glad you liked my cheap family post. Though this is impossible to pull in California I’m sure you’d agree. I also wrote another article about how much it takes to live in California and the minimum budget here is $77,000 for a family of 4. I find that insane.

rackgen
rackgen
8 years 6 months ago

Some sensible article about chicken littles.. at most it will be a bear market for a medium term [up to 2 years], there is no way people will stop spending their own & borrowed money overnight – if you are crazy you can believe otherwise!!

Mike at Harbour Pilot
8 years 6 months ago
Hey Ramit, thanks for the link, forgot about this kind of guy! From the picture and the recent grad mention, you probably won’t know of this kook. Around the mid-seventies, there was a book How to Prosper During the Coming Ruff Years, detailing the collapse of western capitalist economies, and the implosion of food distribution systems. As I carried containers of wheat seed, and flour into the basement for long term storage, I could only shake my head at my parents and their peers. Not only were we to stockpile food and water, but we were supposed to mortgage the… Read more »
escapee
escapee
8 years 6 months ago
Well, I think that people ARE (albeit slowly) waking up to the fact that they can no longer spend more than they earn: http://www.nytimes.com/2008/01/14/business/14spend.html It’s just not sound economic policy. If the Fed continues to cut interest rates (which it looks like they will unfortunately do) then people will continue their foolish borrowing and will also make foolish investments with that money. While I do not think that the sky is falling, I do think that a time of realization is at hand for a lot of people. The bottom line is this: Americans currently spend more than they earn,… Read more »
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