>> There is not a glut of everything. There is no glut in energy. That helped bring the house down. There is no glut of savings --
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Let's take each item. Energy. I don't know about Hawaii, but over here the glut of SUV's with their 10 mph gas guzzling engines, car racing, record volume of useless business travel, super large houses, total year-round heating and air-conditioning, always-on computers, phones, night-lights, etc... ; you have to conclude that energy is very affordable. Maybe in a state of glut, even.
The other item is savings. If you saw the way people were throwing money at dotcom idiot gambling stocks, wouldn't you conclude that money was very cheap and of practically no value ? So obviously, there was a glut of savings, since people were just spending them for amusement. Perhaps at the moment, the glut is reduced. |
