Where are collectible values headed?

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Posted By: boxingcardman

Card collecting has been on the rise for nearly my entire life, suffering through the Reagan recession, the Bush I recession, and now this series of events. Every time the predictions have been dire. Every time they have been wrong. I am a heck of a lot more comfortable holding nice T cards for the long term than many of the "blue chip" companies out there.

Bruce's autarchic scenario might have been realistic 60 years ago when we actually made stuff and the rest of the world was in ruins but is basically the stuff of bad millennial fiction today. We can't disengage from the world trade structure because we don't have the factories any more, and even if we did, we don't have the cheap labor to staff them, especially if you close the Mexican border. We import over 90% of our shoes, for example.

And war with Venezuela? Puh-leeze; pull the other leg and see if it plays "Jingle Bells." Venezuela remains a prime oil trading partner with the USA and hasn't the capacity or the reason to attack us. What it has done and will continue to do is pull out of the Washington Consensus on world trade. Plus, we should never go to war with countries that supply HOF caliber shortstops.

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