What about the economy?
So I keep hearing bits about how bad the economy is. On television, in the paper, and all over the internets.
Yeah, this whole recession thing is kinda nuts. Honestly I'm not worrying about it too much because I don't know what worrying will accomplish anymore. (I had been worrying quite a bit the past few months, but recently resolved to viewing the worrys as futile.)
The media has been pushing hard to let you know that things are bad. But I am wondering if it is cyclical?
Q: How bad are thing and how do you know?
Jim Cramer: Things are bad, I heard it on NBC news!
NBC news: We know things are, Jim Cramer said so!
But can Jim Cramer really influence the opinion and behavior of invetors?Maybe? Colbert seems to think so.
But there is a reality to the poor economic situation of our southern neighbour and largest trading partner. After all, today "Bernie" Madoff has some news from today:
[The] FORMER CHAIRMAN of the NASDAQ stock exchange. On March 12, 2009, he admitted[1] to perpetuating the largest investor fraud ever committed by a single person, pleading guilty to federal charges that he had defrauded his investors of almost $65 billion.[2][3] He was jailed immediately after the hearing pending sentencing, which may be up to life in prison, with restitution of up to $170 billion. There was no plea deal with Madoff; he simply plead guilty to all charges. (viawikipedia)
Yes, the FORMER CHAIRMAN of one of the most important stock exchanges in one of the largest economies in the world and our country's largest trading partner has admitted to defrauding 65 BILLION (with a "B") out of clients and investors. There are dozens of countries whose entire economies are less than the amount of money this guy screwed an entire financial system. And the most frightening thing is that it's almost certain that the kind of fraud committed by this guy is commonplace. Even if he was the worst, he wasn't alone.
It's unfortunate that such an influential chunk of the economy is now based on gambling and usury. Certainly there have been benefits from this behavior, but the greed and overuse of these things has put a lot of people in a terrible position financially.
And any of the reporting, over-reporting and exaggeration in the media of the collapse of an entire end of the economy has sparked a lot of internet talk. I make suppositions, based on what I come across. I am no expert. But I don't think that excessive worrying will help make things better either. Some hot air has been let out of the economy's balloon of perception. I only hope that a slower pace allows us to restart in a more sustainable direction. I think it's for the best in the long run.
Yeah, this whole recession thing is kinda nuts. Honestly I'm not worrying about it too much because I don't know what worrying will accomplish anymore. (I had been worrying quite a bit the past few months, but recently resolved to viewing the worrys as futile.)
The media has been pushing hard to let you know that things are bad. But I am wondering if it is cyclical?
Q: How bad are thing and how do you know?
Jim Cramer: Things are bad, I heard it on NBC news!
NBC news: We know things are, Jim Cramer said so!
But can Jim Cramer really influence the opinion and behavior of invetors?Maybe? Colbert seems to think so.
But there is a reality to the poor economic situation of our southern neighbour and largest trading partner. After all, today "Bernie" Madoff has some news from today:
[The] FORMER CHAIRMAN of the NASDAQ stock exchange. On March 12, 2009, he admitted[1] to perpetuating the largest investor fraud ever committed by a single person, pleading guilty to federal charges that he had defrauded his investors of almost $65 billion.[2][3] He was jailed immediately after the hearing pending sentencing, which may be up to life in prison, with restitution of up to $170 billion. There was no plea deal with Madoff; he simply plead guilty to all charges. (viawikipedia)
Yes, the FORMER CHAIRMAN of one of the most important stock exchanges in one of the largest economies in the world and our country's largest trading partner has admitted to defrauding 65 BILLION (with a "B") out of clients and investors. There are dozens of countries whose entire economies are less than the amount of money this guy screwed an entire financial system. And the most frightening thing is that it's almost certain that the kind of fraud committed by this guy is commonplace. Even if he was the worst, he wasn't alone.
It's unfortunate that such an influential chunk of the economy is now based on gambling and usury. Certainly there have been benefits from this behavior, but the greed and overuse of these things has put a lot of people in a terrible position financially.
And any of the reporting, over-reporting and exaggeration in the media of the collapse of an entire end of the economy has sparked a lot of internet talk. I make suppositions, based on what I come across. I am no expert. But I don't think that excessive worrying will help make things better either. Some hot air has been let out of the economy's balloon of perception. I only hope that a slower pace allows us to restart in a more sustainable direction. I think it's for the best in the long run.