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All Locations > California > Central Coast > Hwy 33/Ojai > The Fortress > Right Side Gully > Permanent Income Hypothesis (5.9 5c 17 VI 17 HVS 5a)
Romain & Alberto, two economists, on "Permanent Income Hypothesis," at the Fortress.
ID 106153517 ·
The top portion of PIH seen from the anchors at the top of the second pitch of Free to Choose.
Romain Wacziarg airs it out near the top of P.I.H., at the Fortress.
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Matthew Fienup
May 1, 2008
“Romain & Alberto, two economists, on "Permanent Income Hypothesis," at the Fortress.”  

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Romain & Alberto, two economists, on "Permanent Income Hypothesis," at the Fortress.
Romain Wacziarg airs it out near the top of P.I.H., at the Fortress.
Matthew Fienup nears the top of "Permanent Income Hypothesis" during the route's first ascent.
Romain Wacziarg on P.I.H., at the Fortress
Romain Wacziarg enjoys stunning arete climbing on "Permanent Income Hypothesis" during the route's first ascent.
A) Free to Choose (5.8)<br> B) Permanent Income Hypothesis (5.9+)
Permanent Income Hypothesis and the related rappel line.
Permanent Income Hypothesis, the Fortress
Richard Shore at the summit block of Permanent Income Hypothesis
Pitch 2 of Permanent Income Hypothesis
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.
Romain Wacziarg on the upper reaches of Permanent Income Hypothesis, on the route's second lead ascent, January 23, 2007.