Working from home does have its disadvantages, like watching CNBC during times of market crises. The latest talking points from seemingly all the experts are for the government to bail everybody out. These are the same experts who spend most of their time otherwise trashing government regulation and taxes. I do invest, trade, have a mortgage, but something in my gut just says this channel, or at least the majority of the people who appear on it, are just plain vulgar. Not to name names like Kudlow, Cramer, etc.
p.s. You might see more politically oriented posts as I don't have many pics to post. It's not hard to see which way I lean by checking the blogroll.
Comments (2)
I saw that Cramer video and pretty much thought "Just shut up and jump out a window already."
I guess I just have a low threshold for his sort of begging. I suspect we're gearing up for a big bailout, and people who've spent their time saving are going to take the hit via inflation. The movers and shakers in places like the Bay Area and New York have too much power to allow themselves to endure a 80's-style Austin or Houston real estate implosion.
To be fair to the financiers, I think we as a society sort of get what we deserve a lot of the time. Joe Taxpayer may not want his tax dollars going to print money just so some high-paid Manhattan "risk taker" can save himself from a bunch of bad loans, but so many of those loans are TO Joe Taxpayer, alas.
I remember earlier this decade when Texas voters rolled back state-consitutional prohobitions on all sorts of, um, "creative" credit schemes, like home equity lines of credit, etc. This country has decided that keeping up with the Jones's with "easy" credit is more important to them than saving for deferred gratification.
Posted by DSK | August 16, 2007 12:12 PM
Today, I attended a webcast for technologoy advancements. Advances in bandwidth and communication speeds were discussed. There was a sound bite from a technology executive who claimed that it is a human trait to want/expect instant gratification and that would continue to require technology advances.
Since I'm in the industry - great, it's nice to know continued advances will require jobs and hopefully my stock will go up. BUT, I disagree that instant gratification is a human trait. I think it is learned behavior. If people do not un-learn this behavior, then our economic structure will fall apart. Too many people are living way beyond their means because they want "instant gratification" rather than working for their needs and saving for their wants.
There are interesting statistics and conclusions drawn based on the age of the American population, working environments as baby boomers retire, and the retirement/401k funds' impact on the stock market. Some of the predictions are rather dire.
Enough said...I could stay on this soap box for a long time...
I know it's hot, but how about a walk in the Smokies with some beautiful photos... :)
Posted by so | August 16, 2007 5:49 PM