a nerdy post.
So this post is mainly for me as I brainstorm and try to organize my thoughts/ideas for my meeting with my boss in a few weeks. Just to find out what direction I'm going towards..
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It's pretty amazing how I can be so immersed in my own problems and everyday difficulties so that I forget to take a macro-perspective of everything going on. I used to make it a goal for myself to read Yahoo/Google news everyday to keep myself update on everything else going on with the world. But that hobby soon diminished when I became restless of reading Iraq war headlines and any other news about war and WMD from the Middle East.
Now that I have started the research part for my internship, I once again am delving back into this world of nonstop news to reeducate myself on things I should know about. For example, the world crises for the availability of food. Did you know that the world is running low on food? Due to overpopulation, food production isn't able to keep up with the growing population. Also, the baby boomers generation are living longer due to health and technological advances, and therefore consuming food for an extra 5, 10, 20 years that the government didn't plan for. The price level for various food items therefore increase and world hunger will be an even more prevalent issue. (India can barely feed themselves: http://www.nytimes.com/2008/06/22/business/22indiafood.html?_r=1&ref=business&oref=slogin)
Gas prices are ridiculously high. Did you know that economists guesstimate that each gas gallon will reach $6-$7 by the end of July?! Barrels of oil are again under produced and can't keep up with the growing demand for oil, therefore leading towards rising gas prices day by day. Citizens are left furious dealing with rising prices of well, everything. (Source: http://biz.yahoo.com/ap/080621/saudi_oil_summit.html)
The stock market fell to its all-time low on Friday, with S&P 500 down by almost 25 points. As much as I want to be an active participant in the stock market, the conditions now are too risky. Financial speculation because of high oil prices is killling the economy. Also with the fed's high interest rates, banks are under high speculation, and nobody can buy homes unless one has major bANK and has high approval credit.
My macroeconomics professor reiterated his belief about a depression in 2008. I always disregarded this idea because it was too dismal to even think about. I'm now afraid for the announcement of the country's 3rd quarter GDP report to find out that the economy might just be headed into a recession.
What is happening to our country....... and how can I become so ignorant about the issues?
___
It's pretty amazing how I can be so immersed in my own problems and everyday difficulties so that I forget to take a macro-perspective of everything going on. I used to make it a goal for myself to read Yahoo/Google news everyday to keep myself update on everything else going on with the world. But that hobby soon diminished when I became restless of reading Iraq war headlines and any other news about war and WMD from the Middle East.
Now that I have started the research part for my internship, I once again am delving back into this world of nonstop news to reeducate myself on things I should know about. For example, the world crises for the availability of food. Did you know that the world is running low on food? Due to overpopulation, food production isn't able to keep up with the growing population. Also, the baby boomers generation are living longer due to health and technological advances, and therefore consuming food for an extra 5, 10, 20 years that the government didn't plan for. The price level for various food items therefore increase and world hunger will be an even more prevalent issue. (India can barely feed themselves: http://www.nytimes.com/2008/06/22/business/22indiafood.html?_r=1&ref=business&oref=slogin)
Gas prices are ridiculously high. Did you know that economists guesstimate that each gas gallon will reach $6-$7 by the end of July?! Barrels of oil are again under produced and can't keep up with the growing demand for oil, therefore leading towards rising gas prices day by day. Citizens are left furious dealing with rising prices of well, everything. (Source: http://biz.yahoo.com/ap/080621/saudi_oil_summit.html)
The stock market fell to its all-time low on Friday, with S&P 500 down by almost 25 points. As much as I want to be an active participant in the stock market, the conditions now are too risky. Financial speculation because of high oil prices is killling the economy. Also with the fed's high interest rates, banks are under high speculation, and nobody can buy homes unless one has major bANK and has high approval credit.
My macroeconomics professor reiterated his belief about a depression in 2008. I always disregarded this idea because it was too dismal to even think about. I'm now afraid for the announcement of the country's 3rd quarter GDP report to find out that the economy might just be headed into a recession.
What is happening to our country....... and how can I become so ignorant about the issues?