Showing posts with label state of the economy. Show all posts
Showing posts with label state of the economy. Show all posts
Monday, July 6, 2009
Wednesday, October 8, 2008
A List for You...
Here's a list by Ben Stein for your reading pleasure today:
How to Ruin the U.S. Economy
I don't always agree with Ben, but this time I think he is absolutely correct. I particularly like #6 on the list:
"6) Allow the creation of large betting pools called "hedge funds" that can move markets and control the outcome of trading, thus taking a forum for savings and retirement for families and making it into a rigged casino game that exists primarily to fleece suckers like ordinary working men and women."
Happy Wednesday, Paycheckers!
Monday, September 29, 2008
I'm Back.
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." -- Thomas Jefferson
Need I say more?
Happy Monday, Paycheckers.
Tuesday, September 4, 2007
Back to Work
Well, the Labor Day holiday is over and it is back to work for most of us. Hope everyone had a great weekend. At my house, we had one of our "kitchen" barbeques, where we grill hot dogs on a stove top grill (hey, it was about 112 degrees outside). I made Sabrett-style onions for the hot dogs, corn on the cob, chili beans, and potato salad and we chowed down!
Over dinner, my daughter and I discussed (of course) the state of the economy. She told me of reading in the newspaper about banks with large inventories of foreclosed homes who would rather let these houses sit empty than reduce the prices. What we have noticed of late is this: many organizations seem to think that the "market price" of something is the price they wish to get for that something when they sell it. If they are unable to get their desired price, they refuse to take what they consider "below market price." Consequently, they are stuck with lots of unsold houses and unrented apartments, and they wonder why. Hey banks and landlords--here's a clue: the market price is what people are actually willing to pay for the thing being sold, not what you wish they would pay.
As usual, we could only shake our heads and wonder about how divorced from the constraints of reality some of these entities are. Then we continued to snarf our "kitchen" barbeque.
Now get back to work!!!!! LOL
Over dinner, my daughter and I discussed (of course) the state of the economy. She told me of reading in the newspaper about banks with large inventories of foreclosed homes who would rather let these houses sit empty than reduce the prices. What we have noticed of late is this: many organizations seem to think that the "market price" of something is the price they wish to get for that something when they sell it. If they are unable to get their desired price, they refuse to take what they consider "below market price." Consequently, they are stuck with lots of unsold houses and unrented apartments, and they wonder why. Hey banks and landlords--here's a clue: the market price is what people are actually willing to pay for the thing being sold, not what you wish they would pay.
As usual, we could only shake our heads and wonder about how divorced from the constraints of reality some of these entities are. Then we continued to snarf our "kitchen" barbeque.
Now get back to work!!!!! LOL
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