Happy Holidays – just kidding… Merry Christmas to all of our subscribers! We at 1%er Talking Points hope you spend your end-of-year bonuses in good health as we all look forward to another year of unprecedented prosperity!
With that in mind, the editors would like to share with you a suggestion passed along by one of our readers who, like most of you, wishes to remain anonymously above the fray… As many of you will be attending the season’s major art auctions, you may be well advised to purchase a portfolio of works by living relative unknowns. As our anonymous source, former hedge fund CEO and Professor of Recession Economics at Pueblo State University, Newton Toomey points out, with the predictable pending upswing in the mortality rate among artists, most of whom are unemployed, uninsured, and otherwise belong with society’s other bottom-feeders, those currently producing works of merit can be expected to die in the short-to-medium term (as opposed to medium-to-long) leaving behind limited bodies of work which should appreciate handsomely in value. As an ancillary benefit, ‘supporting’ struggling artists by purchasing a warehouse full of contemporary pieces at fire-sale prices (even by today’s standards — remember, they need to buy food and pay rent) as opposed to purchasing one $20 million Rembrandt will help to solidify your credentials as a ‘job creator’.
(Disclaimer: As always, we at ‘1%er Talking Points’ bear no responsibility for any action taken by any organization, group, or individual based upon any statements or actions of ours.)
Again, Merry Christmas and a Happy and Profitable New Year!
Now, on to the task at hand:
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