Well the oil crisis in the 70's ushered in the disco era, and it looks to be back again in England, Los Angeles, Canada, and, well, it never left San Fransisco. Even Sirius-XM brought back its disco station. Many, like Lexi Roswell are excited (from comments here):Bob will be offering more of his observations here.My God. I have been unknowingly prepared for this moment since I was very young. Thank you, mom and dad, for making me listen to the Bee Gees so much. I am so ready for this.If Disco is really back, then we might use its life-cycle as a guide to the future. The '73 recession lasted a full two years, so that would mean the end of 2009 before the current recession ends. Stock prices will turn up about six months before the end of the recession.
Disco had more staying power--it lasted a full six years (from 1973 to 1979). So Disco should die again by early 2015. By then, my 401k might have recovered.
Saturday, January 03, 2009
Disco is Back
My friend Bob lives in Los Angeles in a weird masochistic experiment to see how long a libertarian can survive the Hollywood concrete jungle. Bob writes: