Growth, or the Lack Thereof
Who thinks the US will experience economic growth sufficient to lower the unemployment rate below 6% any time in the next eight to ten years in the absence of major government stimulus?
Indie Rock Records as an Investment, Using Japan's Guitar Wolf as an Illustrative Example
Here's an example of how expensive obscure albums can be. I suppose if you had the ability to guess right, you could outperform any stock market index by purchasing selected indie rock albums. The supply tends to be relatively low, so if the thing goes out of print, a little demand can go a long way. I heard a track tonight off my latest pickup (thanks to the U.S. Postal Service for another musical delivery), a 1999 Matador Records comp (Everything Is Nice), by a low-fi punk rock band from Japan called Guitar Wolf, liked it, went to Amazon to check the price and some reviews, and found that I can have a used copy for a mere $152.80. Hmmm. I think I'll wait for a re-release -- which raises the point, of course: what happens to the value of the out-of-print original when and if the re-release comes out? Amazon link for reference: http://www.amazon.com/Planet-Wolves-Guitar-Wolf/dp/B0000036XO/ref=sr_1_1?ie=UTF8&qid=1294362983&sr=8-1
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