Hey there investor but can you spare a dime
Most of the news these days is about the recession. I have many opinions on the subject, but let's suffice to say this.
For the last week, the top story in the NY Times has been about a friendly giant who wants to eat my money. Now that I have no money, what will the friendly giant eat?
Let him starve.
Seriously, am I supposed to boo hoo over all this...that there are people out there with undeserved riches whose six hundred thousand dollar home is now only worth five hundred thousand? You've got to be kidding me. I'm sorry, but there's something seriously wrong with the way that these fat cats think it's my responsibility to pay off their debts. Here's a clue pals: I'm broke. I don't know where you think my extra money's coming from, but it isn't there, I don't have anyto give. If you raise the gas prices, I will drive less. If you raise the food prices, I will buy less. A few years back, they raised the price of CDs and that's when I stopped buying.
Here's a thought, rather than losing money hand over fist by raising prices out of the purchase range of most Americans, how about lowering them so that you can at least sell something. What? But how will you pay your CEOs seven figure incomes? DON'T. But how will you build a giant superstore in every town? DON'T. But how will you keep your car dealership in business? Good riddance pal, you were supposed to evolve.
For the last week, the top story in the NY Times has been about a friendly giant who wants to eat my money. Now that I have no money, what will the friendly giant eat?
Let him starve.
Seriously, am I supposed to boo hoo over all this...that there are people out there with undeserved riches whose six hundred thousand dollar home is now only worth five hundred thousand? You've got to be kidding me. I'm sorry, but there's something seriously wrong with the way that these fat cats think it's my responsibility to pay off their debts. Here's a clue pals: I'm broke. I don't know where you think my extra money's coming from, but it isn't there, I don't have anyto give. If you raise the gas prices, I will drive less. If you raise the food prices, I will buy less. A few years back, they raised the price of CDs and that's when I stopped buying.
Here's a thought, rather than losing money hand over fist by raising prices out of the purchase range of most Americans, how about lowering them so that you can at least sell something. What? But how will you pay your CEOs seven figure incomes? DON'T. But how will you build a giant superstore in every town? DON'T. But how will you keep your car dealership in business? Good riddance pal, you were supposed to evolve.
posted by Monstro D. Whale at
5:13 AM
3 Comments:
In Ecuador, there are chains that have a tiny store with one attendant on almost every street. Several departments of the same store in every town. But then, I would guess that nearly 90 percent of Ecuadorians are pedestrians, which is why this makes excellent business sense.
Home sellers want the full price up front as well, as there isn{t much trust in the banks.
Speaking of banks, I{ve heard rumors here that some US banks are on the verge of collapsing.
I should move all my money over to Paypal. They pay a better interest rate anyway.
The banks that are on the verge of collapsing are actually not banks in the traditional sense. They're these institutions that buy up mortgages on the dollar. So,you owe a broker but the broker sells your debt and then you owe Fanny Mae. Because people can't pay their mortgage, the people who bought those mortgages are going out.
Oh well. Should have thought of that before they made sub-prime rates up. That was just plain dumb.
It, by the way, stinks of the same kind of thinking that caused the great depression. People were borrowing against the value of their stocks under the assurances that the stocks would perpetually go up and the lenders would be paid back. One little downfall though, like say an oil shortage, and all that goes in the can.
I have to agree with the thought that CEOs make way to much money. Yes, they are in charge of a company that may make billions of dollars. So shouldn´t a lot of people in the company be making money instead of a select few?
What proves the lack of education of our workforce is that we accept these situations without organizing any kind of resistance. One thing that is true of the US, and not so much in other countries, is that workers can hold strikes in other countries and know that others will support them. In the US, your co-workers are more likely to lick their lips at the possibility of getting your job and pat you on the back after you get fired and congratulate you for standing up for your beliefs... as they move their framed pictures to your desk.
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