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All Locations > California > Central Coast > Hwy 33/Ojai > Fortress > Right Side Gully > Permanent Income Hypo… (5.9 5c 17 VI 17 HVS 5a)
Romain Wacziarg on the upper reaches of Permanent Income Hypothesis, on the route's second lead ascent, January 23, 2007.
ID 105912496 · · Copyright Violation?
Romain Wacziarg climbs through the first crux of "Permanent Income Hypothesis" during the route's first ascent.
View of the arete of Permanent Income Hypothesis, taken from a point high on the South-East, or climber's left, side of the gully. The route follows the skyline.
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Romain Wacziarg
Jan 25, 2007
“Romain Wacziarg on the upper reaches of Permanent Income Hypothesis, on the route's second lead ascent, January 23, 2007.”  

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Nearby Photos

Romain Wacziarg airs it out near the top of P.I.H., at the Fortress.
Romain & Alberto, two economists, on "Permanent Income Hypothesis," at the Fortress.
A) Free to Choose (5.8)<br> B) Permanent Income Hypothesis (5.9+)
Romain Wacziarg on P.I.H., at the Fortress
Matthew Fienup nears the top of "Permanent Income Hypothesis" during the route's first ascent.
Permanent Income Hypothesis and the related rappel line.
Pulling my buddy up one of the best 5.9's in SoCal IMHO. Photo courtesy of Hagan Timmons, from "Capitalism and Freedom"
Belay on Permanent Income Hypothesis
Romain Wacziarg enjoys stunning arete climbing on "Permanent Income Hypothesis" during the route's first ascent.
Richard Shore at the summit block of Permanent Income Hypothesis
Rest spot on PIH
Maidy at the belay at the top of pitch 1.
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