FLM Economic Thought of the Month

Value

You might be a redneck if... the blue book value of your truck goes up and down depending on how much gas it has in it. - Jeff Foxworthy

Determining the value of almost every asset in our economy has become so difficult and more volatile than any other time in history. This is true more so than the Great Depression, as value could be argued to be closer to Zero than our most recent recession.  We are trying to predict coal prices, natural gas prices, oil prices, etc. We are saying we want to become more self sufficient, but look at our coal industry.  Now the natural gas industry is facing future environmental controls that have shutdown the coal industry.

I have heard since I was a young boy that "we are our own worst enemy."  Is there a more TRUE time in history that this statement is REALITY and we are killing our own economy?

Aristopher