Hi,
Economically speaking, I have a BIG TIP FOR OUR GLOBAL friends making SOFTWARE and setting up sites for the immense buying public that they hope to attract.
MAKE IT SIMPLE--MAKE IT SENSIBLE--MAKE IT AS EASY AS A GOOD PROGRAM CAN BE!!!!!!!AND DON'T FOOL YOURSELVES INTO THINKING YOU CAN DO OTHERWISE!!!!!!!!!
The current trend in complex Computer software programs of any dimension (used by business, politicians, organized groups etc.) is to make them as difficult and mysterious as possible in order to SELL...SELL...SELL!!!!!! Just selling the software program is not enough. They write them so that you must buy many explanatory books, CDs, videos, short computer courses and long attended courses in various places. NOW AIN'T THAT JUST DUCKY!!!! Everyone has so much extra time after doing their work week, needed chores and and various activities that they would just love to spend it studying these SOFTWARE DEVELOPERS' programs in order to use them. NOT....NOT....NOT!!!!!!!!!!
At the moment, only a segment of the population is suffering the BITE OF THESE SHARKS BUT WITH MORE AND MORE GLOBAL INTERACTION, the number will soon increase. Some of the particular programs at present that suffer from inflated egos and arrogance are in the PUBLISHING FIELD. Many, who work for companies publishing booklets, brochures, books or whatever, are subsidized in time and money to achieve the necessary skills to use these programs. BUT IT SHOULD NOT BE NECESSARY!!!!!!
A well-built software program can be made totally capable of solving or pointing out whatever is needed within the substance of the program. And the authors of the program (in many cases large firms) can easily provide chat rooms, email direction, or phone answers to questions that occur outside that range. INSTEAD THEY PROVIDE FAQS!!!!!!! BEEN THERE???? DONE THAT??????? IT'S A FOREST WITHOUT A PATH; A MOUNTAIN WITHOUT FOOTHOLDS; A MAZE FROM WHICH YOU MAY NEVER EMERGE!!!!!!!!
They need competition to slice through the arrogance and snobbery (I KNOW HOW!!! YOU DON'T!!YA-YA, YA childishness) and GREED!!!!!!!!!!!! AS YOU KNOW I believe in profit!!!!! I DON'T BELIEVE IN PROFITEERING!!!!! OFFERING NO WARRANTY, NO PERSONAL ASSISTANCE, MAKING THE PRODUCT UNNECESSARILY DIFFICULT THEREBY keeping the user from totally utilizing it without GOOD INSTRUCTION is WITHIN TECHNOLOGY tantamount to PROFITEERING!!!!!!!! THE END RESULT IS FORCING USERS INTO PAID INSTRUCTION after buying the ALREADY EXPENSIVE product. REMEMBER MR. SOFTWARE SNOB-COMPETITION IS OUT THERE and it'll be coming AFTER you!!!!!!!!!!
One of the available publishing programs is based on an OLD NEWSPAPER TYPESETTING PROGRAM (THAT FEW folks WOULD NOW KNOW) AND THEIR SHORTCUT SYMBOLS (or Greps as they are now known) and this old newspaper reporter REALLY benefited from some remembered composing room tips given TO her by compositors TOO many years ago to count!!!!!!!!
LUCKILY for the current SOFTWARE PRODUCERS, USERS of their software (SWEARING, SWEATING AND SCANNING FAQS) REQUIRE that software for their employment, business or publishing needs. SO THEY TOUGH IT OUT and many COMPANIES HAVE TO PAY FOR COURSES or for the time wasted on an unnecessarily rough search for answers to some inexplicable happening with the software projects.
YOU KNOW WHAT MADE BILL GATES AND STEVE JOBS AND THE OTHER GIANTS OF THE TECHIE WORLD RICH????????? The recognition that they had to provide a way for folks to easily use the new technological machines of the past--the home computers.
This blogger's first computer was a Radio Shack TRS80 computer which we nicknamed TRASH80. OKAY IT CAME WITH A WHOLE 16 kilobytes of memory with an upgrade to 32-64 KB and it took a techie to upgrade it. Minuscule (1 byte=8 bits) MEMORY-NO THAT'S NOT A MISTAKE--WHO THOUGHT WE'D NEED MORE???) and a switch hidden underneath. IT COST BASICALLY $600. (A FORTUNE in the 70s). Now you can get HP with big monitor, 6GB of ram and 1TB of hard drive. Trust me that's a LOT!!!!for only essentially $500.
It takes 1000 kilobytes to make just l megabyte. Home computers now often have 4,000,000 (4 million) kilobytes (KB). 1 million Megabytes translates into one 1000 GB to achieve a Terabyte (TB) of ROM. This is not to fill your head with numbers but to show HOW FAST WE'VE ADVANCED. I had that TRASH 80 in the mid l970s. That was 16 kilobytes as opposed to "GAD-ZILLION" MILLION bytes OF MEMORY TODAY!!!!!!!!!!! SOUNDS LIKE OUR NATIONAL DEBT DOESN'T IT????????
This sport took three weeks to get the computer running (LIKE CERTAIN SOFTWARE PROGRAM SUPPLIERS--NO ONE COULD OFFER ADVICE-my salesman disappeared into another store). I finally got a tiny SUPPLIED program into the machine. Ever sit for hours looking at a back lit piece of glass and one tiny blinking spot????????? No????????? Well you haven't missed anything. Seeing that dib dab of a program was a great relief when I finally figured out how to make the special Cassette TAPE (yes, it played like a tape recorder) WORK ON THE MACHINE!!!!!! You also saved your work on tape and it often got corrupted so you kept a lot around.
HOWEVER I STILL COULDN'T TYPE anything because I had to learn to write my own formatting program to get into Scripsit, the tiny word processing program on Cassette tape that contained a basic DOS format(that was computer language in the bowels of the machine). I AIN'T BRAGGING. IT CERTAINLY WASN'T MUCH of a program but it got me into the typing mode and I entered it thousands of times in the years to come.
After three weeks of initial frustration, my mate threatened to throw TRASH80 out or take an ax to it because my language was becoming increasingly salty!!!! Luckily, by that time I was close to PLAYING THROUGH, although I still had to learn how to print what I'd written. When I had it actually producing, it became a great time and paper saver for a writer who was accustomed to filling wastebaskets. AND I NEVER LOOKED BACK!!!!!!!
Trash 80 was a complete box--bulky but it included the guts, screen and keyboard all in one piece, however, it lacked much software assistance!!!!!!!!!!! A design that seems to be returning.
TA TANT DUH DAH.....RIDING IN A ON WHITE HORSE in the distance is GOOD OLE BILL GATES who had foreseen our need and prepared a program that let you use the computer EASILY with machine software that allowed the user to enter into the world of techies without having to write their own programs!!!!!!!!! HOORAY!!!!!! BILL IS THE REASON YOU CAN TURN ON THE COMPUTER AND FIND YOUR WAY AROUND EASILY. STEVE JOBS TOOK IT EVEN FURTHER WITH APPLE. Then, of course, the Internet became AVAILABLE because of other visionaries and that's why we need all those BYTES AND RAM FOR PROCESSING AND MEMORY!!!
MEN WITH VISION. OKAY, ALL YOU CURRENT VISIONARIES, THE USERS ARE IN DEEP DOO DOO AGAIN. There will be many more people wanting to use the computer for many tasks in the not too distant future and a need will exist for CREATIVE SOFTWARE that allows them to function without the struggles set up by various programs.
EITHER EXISTING SOFTWARE HAS TO BE MODIFIED SO THAT TIME IS NOT WASTED JUST LEARNING THE PROGRAM AND the user can accomplish the work OR COMPATIBLE SOFTWARE NEEDS TO BE DEVELOPED that breaks into the program and modifies or simplifies it. IT CAN BE DONE!!!!!!! AND YOU CAN BE RICH AS CROESUS WITHOUT HAVING TO STICK IT TO YOUR CONSUMERS!!!!
THAT'S WHAT the current Sophisticated Software Companies are doing. PULLING THEIR USERS CHAINS!!!!!!!!!THERE IS NO EXCUSE FOR HIDING INFORMATION AND MAKING THINGS MORE COMPLICATED THAN THEY HAVE TO BE!!!!!! I'm not talking about Microsoft. It has done a fantastic job providing millions of office workers and others whose simple composing needs are accessed easily on the computer and in word processing.
As you can tell from my blog site, I write books and the sophisticated compositional software is now part of my life. SO, I KNOW WHEREOF I SPEAK. IT'S NOT A JOYOUS PART OF MY LIVING AND IS RENEWING MY FORMER %&^$# LANGUAGE SKILLS!!!!!!!!! And I know from my experience, it DOES NOT HAVE TO BE THIS WAY!!!!!!!!!!
SO, BEFORE OTHERS COPY THESE SOFTWARE PRODUCERS for the many NEW PROGRAMS THAT WILL BE REQUIRED IN FUTURE YEARS that you and yours will need to use, this blogger would like to SUGGEST TO FUTURE PROGRAMMERS THAT THEY HEED THE WARNING!!!!!!!!!If you want to be a HERO LIKE BILL GATES OR STEVE JOBS, PRODUCE SIMPLE BUT SOPHISTICATED SOFTWARE!!!!!!!!Yes, it can be done and it can be JUST AS GOOD OR EVEN BETTER BECAUSE YOU CAN INCLUDE MORE. If you simplify then it's possible to include even more sophistication for folks to use!!!!!!
This blogger (as Trash80 proves) is NO STRANGER to the FRUSTRATION TECHNOLOGY CAN PROVIDE AND HAS OVERCOME IT. So my complaint can't be cast aside as "TOO BAD, YOU DON'T UNDERSTAND TECHNOLOGY OR HAVE NO TENACITY, OR YOU'RE JUST TOO DUMB". Well, it could seem so to the arrogant snobs who wrote the programs but IT JUST DOESN'T WASH!!!!!!!! The means are there for simplicity and now we need the geniuses to implement them and make the user comfortable with the new needs of computing!!!!!!!!!!!!
CHEERS, CONNIE
8/19/11
TO BUY OR NOT TO BUY--THAT IS QUESTION-post 75
Hi,
Lots of investors this week bought U.S. Government Treasury bonds and gold stocks to get their money out of riskier stocks and into safer territory. Bonds were at a lower percentage THAN THEY'VE BEEN IN YEARS.
For the small investor, T-bills are a better choice. Hard cold GOLD in the safety deposit box is also a better choice than gold stocks if you need to liquidate some of your portfolio. It is definitely the time to get out of risk stocks and bonds and stick with SOMETHING safer LIKE T-BILLS which are paying almost nothing but so far are stable.
Gold showed up at $1800.+ an ounce and you thought it was expensive at $800. an ounce several years ago. It's up 48% from a year+ ago. The prediction that I heard on TV by a gold expert is that it will top out at $3000. BUT REMEMBER, IT IS A RISKY COMMODITY!!!!!!!! IT GOES DOWN AS FAST AS IT GOES UP!!!!!!!!! So don't mistake it for a safe investment. It's speculative. BUY IT TO PUT AWAY in a vault FOR A RAINY DAY (THIS IS NOT NEARLY RAINY YET!!!!!!)
SILVER for those who can't bear to pay the price for GOLD is a usable commodity in bad times. Some favor coins and if they become numismatic, that's all to the good. Silver (not ersatz plated) is always good for the food and other necessities. Gold goes to taxes and big ticket problems. SILVER IS ALSO VALUED AT THE PRICE OF SILVER bullion NOT JUST THE COIN VALUE!!!! TEAPOTS, SILVER PLATTERS AND SILVERWARE RATE RIGHT UP THERE WITH GOLD FOR the big ticket items. It's hard for a grocer to give change on an order paid by a TEAPOT. SILVER CARRIES THE SAME RISKS AS GOLD IN FLUCTUATING PRICES but coins in the vault can be a comforting feeling when ALL ABOUT YOU IS RAINING DOWN ECONOMIC LOSS. Remember the German debacle when their money had to be carried in bushel baskets for a loaf of bread!!!!!For the lady investors, remember DIAMONDS ARE A GIRL'S BEST FRIEND as well as rubies, sapphires and emeralds--again not the ersatz kind. FIND A JEWELER YOU CAN TRUST!!!!!!!!
Let's face it , folks, economies can fail!!!!!!!Witness Greece and in the past Brazil but unless President Obama continues to spend from the Treasury like the other drunken sailors in our erstwhile government, AMERICA is still the safest and best economy going.
No matter what the Communists tell us in their propaganda, the Capitalist system is being taken on all over the world (including China). Capitalism is KICKING Communist BUTT and is winning over minds and hearts. THAT'S WHY THE HARD PUSH ON US IN AMERICA. THEY FIGURE IF WE GET ON THE BANDWAGON THEY CAN TURN THINGS AROUND!!! But because CAPITALISM is getting popular and being used by countries that have never had a free economy, there's a lot of error being made. (OR DOWNRIGHT CROOKED DEALING.) Our system has been in place with all kinds of checks and balances that MAY NOT exist in other stock markets opened across the world. REMEMBER WE NOT ONLY HAD ONE OF THE FIRST FINANCIAL MARKET PLACES BUT FOR A LONG WHILE OUR STOCK MARKET WAS A RARITY!!!!!!!!!
WE ALSO NEED TO UNDERSTAND THAT a lot of what the wealthy used to call the NOUVEAU RICHE (that's the middle class--folks!!!!!!) are in the stock market today and are neophytes and not used to the ups and downs that are a regular event in stock trading. Liken it to SKIING, THERE'S A LOT OF UPS AND DOWNS, AND FALLS ALONG THE WAY UNTIL YOU PERFECT YOUR TECHNIQUE!!!!!!!!!!Even then there are a few embarrassing pratfalls.
SO THE STOCK MARKET is reflecting the fear of a lot of individual and new investors which drives it down as they sell, sell, sell to protect their assets. It, therefore, is not acting as a growth market but a very speculative market with severe trends. Unfortunately, this is not what the market is truly about. Yes, there are areas of risky speculation and like Las Vegas, winning is to be anticipated if not won. BUT THE MAIN THRUST OF THE MARKET SHOULD ALWAYS BE LONG TERM GROWTH!!!!!!!
A long term market is a slow climb based on companies and commodities that reflect steady growth and although WITHOUT flashy winners show financial gains over a long term. THEN AND ONLY THEN are your assets really in good hands. SENIORS SHOULD BE MOSTLY IN SAFE ASSETS since they're into utility not growth.
That's what the old term (which you no longer hear) BLUE CHIP STOCKS was all about. In those days that included General Motors (now a Government bail out), General Electric, Railroads, Utilities and certain rating top-starred companies. If a stock was rated tops then downgraded by Standard and Poors, it became an orphan outside ITS BLUE CHIP COMRADES.
Speaking of COMRADES, CHINA has a vital capitalistic system working through its Communistic shrouds and has dumped many of its former Government business ventures as too costly and too poorly run by the bureaucrats. They are attempting to run the two systems side by side but it's not going well for Communist idealists, who are finding little Government funding for their projects. WHAT DOES THIS MEAN, EXACTLY?????????? WHO THE DICKENS KNOWS BUT THIS BLOGGER'S GUESS IS AS GOOD AS ANY!!!!
It probably means what many of us believed, IT'S JUST TOO DAMNED EXPENSIVE to let ONLY IDEALS RULE!!!!!!!!!GOOD FINANCIAL PLANNING WITH PROFIT AND....LOSS CAN MAKE THE IDEALS WORK!!! AND COME TO FRUITION. Not the OTHER WAY AROUND!!!!!!! MOST OF US HAVE ALWAYS WANTED THE BEST FOR ALL but it has to come out of REALITY NOT A DREAMER'S PIPE.
And as more people recognize this, stock markets appear TO RULE, based on CAPITALISM, but it's going to take time for the REALISTS AND THE DREAMERS TO MAKE A PACT, JOIN HANDS, AND FINALLY provide the DREAM. THE LEARNING OF A NEW SYSTEM based on CAPITALISM is going to take most places in the world a while to assimilate but it may be the case that when they do, they will be better at it than Americans!!! OH, HORRORS!!!!!!!!!! HOIST ON OUR OWN PETARD AGAIN!!!!!
The gist of all this is that as we have INVESTORS APPEARING ALL OVER THE WORLD, our stock market will become financial fodder as well (and has) and be a lot more erratic and volatile than it may have been in the past. (WELL, THAT'S A STRETCH OF THE IMAGINATION!!!)
We have become so global (world-wide) with the Internet and all the technology that America can no longer depend on a nice neat AMERICAN BLUE CHIP standard. However, it is possible to eventually have a GLOBAL BLUE CHIP PORTFOLIO appear and offer some real prosperity to many.
So tuck away a little gold and/or silver (that way you'll eat, buy jeans, and pay the mortgage) then hunker down for the LONG HAUL!!!!!!!!In the the long run if your portfolio has been well chosen, you will begin to earn again and your money will provide the comfort you seek.
CHEERS, CONNIE
Lots of investors this week bought U.S. Government Treasury bonds and gold stocks to get their money out of riskier stocks and into safer territory. Bonds were at a lower percentage THAN THEY'VE BEEN IN YEARS.
For the small investor, T-bills are a better choice. Hard cold GOLD in the safety deposit box is also a better choice than gold stocks if you need to liquidate some of your portfolio. It is definitely the time to get out of risk stocks and bonds and stick with SOMETHING safer LIKE T-BILLS which are paying almost nothing but so far are stable.
Gold showed up at $1800.+ an ounce and you thought it was expensive at $800. an ounce several years ago. It's up 48% from a year+ ago. The prediction that I heard on TV by a gold expert is that it will top out at $3000. BUT REMEMBER, IT IS A RISKY COMMODITY!!!!!!!! IT GOES DOWN AS FAST AS IT GOES UP!!!!!!!!! So don't mistake it for a safe investment. It's speculative. BUY IT TO PUT AWAY in a vault FOR A RAINY DAY (THIS IS NOT NEARLY RAINY YET!!!!!!)
SILVER for those who can't bear to pay the price for GOLD is a usable commodity in bad times. Some favor coins and if they become numismatic, that's all to the good. Silver (not ersatz plated) is always good for the food and other necessities. Gold goes to taxes and big ticket problems. SILVER IS ALSO VALUED AT THE PRICE OF SILVER bullion NOT JUST THE COIN VALUE!!!! TEAPOTS, SILVER PLATTERS AND SILVERWARE RATE RIGHT UP THERE WITH GOLD FOR the big ticket items. It's hard for a grocer to give change on an order paid by a TEAPOT. SILVER CARRIES THE SAME RISKS AS GOLD IN FLUCTUATING PRICES but coins in the vault can be a comforting feeling when ALL ABOUT YOU IS RAINING DOWN ECONOMIC LOSS. Remember the German debacle when their money had to be carried in bushel baskets for a loaf of bread!!!!!For the lady investors, remember DIAMONDS ARE A GIRL'S BEST FRIEND as well as rubies, sapphires and emeralds--again not the ersatz kind. FIND A JEWELER YOU CAN TRUST!!!!!!!!
Let's face it , folks, economies can fail!!!!!!!Witness Greece and in the past Brazil but unless President Obama continues to spend from the Treasury like the other drunken sailors in our erstwhile government, AMERICA is still the safest and best economy going.
No matter what the Communists tell us in their propaganda, the Capitalist system is being taken on all over the world (including China). Capitalism is KICKING Communist BUTT and is winning over minds and hearts. THAT'S WHY THE HARD PUSH ON US IN AMERICA. THEY FIGURE IF WE GET ON THE BANDWAGON THEY CAN TURN THINGS AROUND!!! But because CAPITALISM is getting popular and being used by countries that have never had a free economy, there's a lot of error being made. (OR DOWNRIGHT CROOKED DEALING.) Our system has been in place with all kinds of checks and balances that MAY NOT exist in other stock markets opened across the world. REMEMBER WE NOT ONLY HAD ONE OF THE FIRST FINANCIAL MARKET PLACES BUT FOR A LONG WHILE OUR STOCK MARKET WAS A RARITY!!!!!!!!!
WE ALSO NEED TO UNDERSTAND THAT a lot of what the wealthy used to call the NOUVEAU RICHE (that's the middle class--folks!!!!!!) are in the stock market today and are neophytes and not used to the ups and downs that are a regular event in stock trading. Liken it to SKIING, THERE'S A LOT OF UPS AND DOWNS, AND FALLS ALONG THE WAY UNTIL YOU PERFECT YOUR TECHNIQUE!!!!!!!!!!Even then there are a few embarrassing pratfalls.
SO THE STOCK MARKET is reflecting the fear of a lot of individual and new investors which drives it down as they sell, sell, sell to protect their assets. It, therefore, is not acting as a growth market but a very speculative market with severe trends. Unfortunately, this is not what the market is truly about. Yes, there are areas of risky speculation and like Las Vegas, winning is to be anticipated if not won. BUT THE MAIN THRUST OF THE MARKET SHOULD ALWAYS BE LONG TERM GROWTH!!!!!!!
A long term market is a slow climb based on companies and commodities that reflect steady growth and although WITHOUT flashy winners show financial gains over a long term. THEN AND ONLY THEN are your assets really in good hands. SENIORS SHOULD BE MOSTLY IN SAFE ASSETS since they're into utility not growth.
That's what the old term (which you no longer hear) BLUE CHIP STOCKS was all about. In those days that included General Motors (now a Government bail out), General Electric, Railroads, Utilities and certain rating top-starred companies. If a stock was rated tops then downgraded by Standard and Poors, it became an orphan outside ITS BLUE CHIP COMRADES.
Speaking of COMRADES, CHINA has a vital capitalistic system working through its Communistic shrouds and has dumped many of its former Government business ventures as too costly and too poorly run by the bureaucrats. They are attempting to run the two systems side by side but it's not going well for Communist idealists, who are finding little Government funding for their projects. WHAT DOES THIS MEAN, EXACTLY?????????? WHO THE DICKENS KNOWS BUT THIS BLOGGER'S GUESS IS AS GOOD AS ANY!!!!
It probably means what many of us believed, IT'S JUST TOO DAMNED EXPENSIVE to let ONLY IDEALS RULE!!!!!!!!!GOOD FINANCIAL PLANNING WITH PROFIT AND....LOSS CAN MAKE THE IDEALS WORK!!! AND COME TO FRUITION. Not the OTHER WAY AROUND!!!!!!! MOST OF US HAVE ALWAYS WANTED THE BEST FOR ALL but it has to come out of REALITY NOT A DREAMER'S PIPE.
And as more people recognize this, stock markets appear TO RULE, based on CAPITALISM, but it's going to take time for the REALISTS AND THE DREAMERS TO MAKE A PACT, JOIN HANDS, AND FINALLY provide the DREAM. THE LEARNING OF A NEW SYSTEM based on CAPITALISM is going to take most places in the world a while to assimilate but it may be the case that when they do, they will be better at it than Americans!!! OH, HORRORS!!!!!!!!!! HOIST ON OUR OWN PETARD AGAIN!!!!!
The gist of all this is that as we have INVESTORS APPEARING ALL OVER THE WORLD, our stock market will become financial fodder as well (and has) and be a lot more erratic and volatile than it may have been in the past. (WELL, THAT'S A STRETCH OF THE IMAGINATION!!!)
We have become so global (world-wide) with the Internet and all the technology that America can no longer depend on a nice neat AMERICAN BLUE CHIP standard. However, it is possible to eventually have a GLOBAL BLUE CHIP PORTFOLIO appear and offer some real prosperity to many.
So tuck away a little gold and/or silver (that way you'll eat, buy jeans, and pay the mortgage) then hunker down for the LONG HAUL!!!!!!!!In the the long run if your portfolio has been well chosen, you will begin to earn again and your money will provide the comfort you seek.
CHEERS, CONNIE
8/13/11
YO-YOING STOCK MARKET POST 74
Hi,
WHAT A MONTH!!!!!!!The stock market yo-yo dance is concerning to all investors so I want to attempt to impose some economic reality!!!!!!!
When this blogger was a young lass (some many years ago!!!!!!) a gentleman named Pop Jarrett introduced and instructed his naive friend on the STOCK MARKET. Hearing about BULLS AND BEARS, was concerning and caused the WONDER of the HUNT?????
He was very wise to the mysterious BOBBING OBJECT called the market SINCE HE HELD A SEAT ON THE STOCK EXCHANGE AND KNEW THE INS AND OUTS. A very lucky education. One of his first pieces of advice is still GOOD today. If you make 6% overall return in a year on your portfolio--YOU'RE A WINNER!!!!!!!!!!!
He attempted to buy wisely after investigating the stock completely (OF COURSE he never forgot that the BEST IS TO BUY LOW (the BEAR MARKET)--SELL HIGH!!!!!!!(THE BULL MARKET) RIGHT???????) and did not let the strong tides of the market affect his STABLE STOCKS.(called BLUE CHIPS in those days) He also bought some INVESTMENT GAMBLES (only about one-tenth of his portfolio) and tried to sell before they WENT DOWN IN FLAMES in a Bear Market. All good advice for then and now.
HE ALSO said THAT THE STOCK MARKET WAS NOT FOR THE FAINT HEARTED!!!!!!!!! Being a neophyte and faint hearted, it was advice well taken. His instructions also included for Stock Market buyers the ADVICE TO BUY GOLD AS A HEDGE AND IF THE MARKET'S GOING UP AND DOWN RAPIDLY BUY SILVER AS WELL. BELIEVE ME THE MARKET HASN'T CHANGED MUCH!!!!!!!!THE ADVICE IS AS GOOD TODAY AS IT WAS THEN!!!!!!!!!!!
One thing to remember is what the numbers on the STOCK MARKET REPRESENT. When this advice was given the MARKET WAS 800 POINTS ON THE DOW-JONES AVERAGE!!!!!!!!! That's right 800. NOT THE 14,000 IT HAD BECOME BEFORE IT WENT DOWN IN THE FIRST RECESSION.
Now think about this: If the Dow-Jones 800 point average CLIMBED TO 14000 POINTS in the twenty-first century, then there is another FACTOR TO BE CONSIDERED!!!!!!!!! HOW MUCH HAVE PRICES RISEN since LET'S SAY 1981 WHEN THE STOCK MARKET WAS AT 943 points ???????????? Well, an ECONOMIC RULE OF THUMB IS 10X. If prices are INFLATED (10Xlb.butter@.49 = $4.90) then doesn't it stand to reason that the market would REFLECT THAT INFLATION??????????
OKAY LIKE JOHNNY CARSON USED TO SAY ABOUT COMEDY "You buy the premise, you buy the bit"!!!!!!!!!! and ISN'T OUR FINANCIAL STRUCTURE "COMEDY"??????
SO FOLLOWING THE 10X logic the 943 MARKET SHOULD REFLECT AN INCREASE to 9430 POINTS and anything above that amount would BE RISKY "TERROR"TORY which puts a NEW LIGHT ON THE NUMBERS. When the market falls BELOW 9000 MIGHT BE THE TIME TO START WORRYING IF you are INVESTED IN ALL THAT CLOUDY SKY OR TRICKY VENTURES THAT DRIVE A MARKET TO HELL AND GONE!!!!!HIGH!!!!!!!!!!
The STOCK MARKET IS ONLY A REFLECTION OF WHAT INVESTORS ARE DOING AND BELIEVING!!!!!!!! A NEW VENTURE OR MULTIPLE VENTURES thought to be TERRIFIC can enter the game QUICKLY THESE DAYS,BE BOUGHT BIG,be reflected in positive numbers AND RISE. THE SAME STOCKS can turn sour RAPIDLY, lose followers and BE SOLD BIG AND FALL. SINCE THESE STOCKS ARE BOUGHT AND SOLD AT THE CURRENT 10X INFLATED DOLLAR, BIG NUMBERS BECOME STANDARD INFORMATION TO THE FOLKS FOLLOWING.
Of course, current investors are buying at these prices and they're losing at these prices if not wisely invested BUT that does NOT MEAN THAT THE MARKET IS COLLAPSING!!!!!!!!IT IS SIMPLY REFLECTING THE REALITY OF THE BUYING AND SELLING OF INVESTORS AND THEIR THOUGHTS ON WHAT IS HAPPENING FINANCIALLY, POLITICALLY, AND ECONOMICALLY.
Unfortunately REALITY is not well accepted these days in any field let alone the STOCK MARKET. OBVIOUSLY OUR POLITICIANS ARE HAVING TO FACE REALITY CHECKS THESE DAYS AS THEY FACE THEIR DENIAL OF INFLATION!!!!!!!
A factor in the AMERICAN STOCK MARKET that many citizens are not taking into consideration is that IT IS NO LONGER THE ONLY GAME IN THE WORLD!!!!!!!!!! Stock Markets have popped up all over the world as OUR CAPITALISTIC SYSTEM has begun TO KICK COMMUNISTIC BUTT elsewhere on our planet!!!!!!!!! AND WE HAVE TO FACE THE FACT that COMMUNISM GOES DOWN HARD!!!!!! There are many classes of MONIED FOLKS INVOLVED IN MANY MARKETS and a little MANIPULATION is not BEYOND THE ABILITIES, SKILL AND IMMORAL TACTICS OF THOSE WHO HOLD THE POWER. POWERFUL COMMUNISTS understand that MONEY WIELDS POWER in spite of all their rhetoric about not seeking money or power!!!!!!
And making the whole scenario even more complicated is the reality that people all over the world can now buy stocks and bonds through ON-LINE FIRMS THAT EITHER CHARGE LITTLE OR NO FEE and these BUYS AND SELLS THOUGH SMALL ARE VOLATILE and often based on little or no expertise other than OOPS--THERE GOES MY MONEY!!!!!!!!!! SELL...SELL...SELL!!!!!! The more small investors appear on OUR STOCK MARKET buying on the INTERNET with little knowledge, the more VOLATILE OUR STOCK MARKET (AND OTHERS) ARE LIKELY TO BECOME!!!!!!!
THE MESSAGE TODAY is that ALL INVESTORS MUST APPROACH ANY STOCK OR BOND MARKET with REALISM!!!!!!!!!! HO-HO-HO!!!!! THEREIN LIES THE COMEDY!!!!! Much of the world and its inhabitants have lost touch with that ILLUSIVE FRAME OF MIND. AND THIS LOSS OF REALITY ABOUT FINANCIAL CONCERNS LEADS TO OTHER PROBLEMS SUCH AS THEY HAD IN LONDON THIS WEEK.
The riots in LONDON although SHOCKING should have been anticipated. WE ARE GIVING OUR YOUTH THE IDEA THAT IT IS THEIR RIGHT TO ........HAVE IT ALL.......!!!!!!!!!! WITHOUT RESPONSIBILITY OR MORALS. SO WHEN THE ECONOMY TANKS AND THE STOCK MARKETS GO INTO BEAR MODE and their PARENTS REFLECT FEAR AND FAMINE....THEY THINK THEY HAVE A RIGHT TO TAKE WHAT THEY WANT BY FORCE.
WAKE UP FOLKS!!!!!!THE ENEMY IS LIVING IN YOUR OWN ABODE!!!!!!!TAKE THAT CELL PHONE AND PUT IT AWAY UNTIL THEY COME OF AGE. Don't expect them to UNDERSTAND a REALITY that ADULTS CAN BARELY COMPREHEND. Don't expect them to show a RESPONSIBILITY BARELY TAUGHT; GENEROSITY LIKE MOST GOOD TRAITS can become misused and CAUSE POOR MORAL HABITS. MODERN MORALS are THESE 5R'S: REALITY, RESPONSIBILITY, REMORSE, RALLYING AND RIGHT ACTIONS!!!!!! Not Rumbles, rampage, radicalism, rape, and ransacking. TEACH YOUR KIDS AND GRAND KIDS THE RIGHT 5R'S!!!!!!!!
CHEERS, CONNIE
WHAT A MONTH!!!!!!!The stock market yo-yo dance is concerning to all investors so I want to attempt to impose some economic reality!!!!!!!
When this blogger was a young lass (some many years ago!!!!!!) a gentleman named Pop Jarrett introduced and instructed his naive friend on the STOCK MARKET. Hearing about BULLS AND BEARS, was concerning and caused the WONDER of the HUNT?????
He was very wise to the mysterious BOBBING OBJECT called the market SINCE HE HELD A SEAT ON THE STOCK EXCHANGE AND KNEW THE INS AND OUTS. A very lucky education. One of his first pieces of advice is still GOOD today. If you make 6% overall return in a year on your portfolio--YOU'RE A WINNER!!!!!!!!!!!
He attempted to buy wisely after investigating the stock completely (OF COURSE he never forgot that the BEST IS TO BUY LOW (the BEAR MARKET)--SELL HIGH!!!!!!!(THE BULL MARKET) RIGHT???????) and did not let the strong tides of the market affect his STABLE STOCKS.(called BLUE CHIPS in those days) He also bought some INVESTMENT GAMBLES (only about one-tenth of his portfolio) and tried to sell before they WENT DOWN IN FLAMES in a Bear Market. All good advice for then and now.
HE ALSO said THAT THE STOCK MARKET WAS NOT FOR THE FAINT HEARTED!!!!!!!!! Being a neophyte and faint hearted, it was advice well taken. His instructions also included for Stock Market buyers the ADVICE TO BUY GOLD AS A HEDGE AND IF THE MARKET'S GOING UP AND DOWN RAPIDLY BUY SILVER AS WELL. BELIEVE ME THE MARKET HASN'T CHANGED MUCH!!!!!!!!THE ADVICE IS AS GOOD TODAY AS IT WAS THEN!!!!!!!!!!!
One thing to remember is what the numbers on the STOCK MARKET REPRESENT. When this advice was given the MARKET WAS 800 POINTS ON THE DOW-JONES AVERAGE!!!!!!!!! That's right 800. NOT THE 14,000 IT HAD BECOME BEFORE IT WENT DOWN IN THE FIRST RECESSION.
Now think about this: If the Dow-Jones 800 point average CLIMBED TO 14000 POINTS in the twenty-first century, then there is another FACTOR TO BE CONSIDERED!!!!!!!!! HOW MUCH HAVE PRICES RISEN since LET'S SAY 1981 WHEN THE STOCK MARKET WAS AT 943 points ???????????? Well, an ECONOMIC RULE OF THUMB IS 10X. If prices are INFLATED (10Xlb.butter@.49 = $4.90) then doesn't it stand to reason that the market would REFLECT THAT INFLATION??????????
OKAY LIKE JOHNNY CARSON USED TO SAY ABOUT COMEDY "You buy the premise, you buy the bit"!!!!!!!!!! and ISN'T OUR FINANCIAL STRUCTURE "COMEDY"??????
SO FOLLOWING THE 10X logic the 943 MARKET SHOULD REFLECT AN INCREASE to 9430 POINTS and anything above that amount would BE RISKY "TERROR"TORY which puts a NEW LIGHT ON THE NUMBERS. When the market falls BELOW 9000 MIGHT BE THE TIME TO START WORRYING IF you are INVESTED IN ALL THAT CLOUDY SKY OR TRICKY VENTURES THAT DRIVE A MARKET TO HELL AND GONE!!!!!HIGH!!!!!!!!!!
The STOCK MARKET IS ONLY A REFLECTION OF WHAT INVESTORS ARE DOING AND BELIEVING!!!!!!!! A NEW VENTURE OR MULTIPLE VENTURES thought to be TERRIFIC can enter the game QUICKLY THESE DAYS,BE BOUGHT BIG,be reflected in positive numbers AND RISE. THE SAME STOCKS can turn sour RAPIDLY, lose followers and BE SOLD BIG AND FALL. SINCE THESE STOCKS ARE BOUGHT AND SOLD AT THE CURRENT 10X INFLATED DOLLAR, BIG NUMBERS BECOME STANDARD INFORMATION TO THE FOLKS FOLLOWING.
Of course, current investors are buying at these prices and they're losing at these prices if not wisely invested BUT that does NOT MEAN THAT THE MARKET IS COLLAPSING!!!!!!!!IT IS SIMPLY REFLECTING THE REALITY OF THE BUYING AND SELLING OF INVESTORS AND THEIR THOUGHTS ON WHAT IS HAPPENING FINANCIALLY, POLITICALLY, AND ECONOMICALLY.
Unfortunately REALITY is not well accepted these days in any field let alone the STOCK MARKET. OBVIOUSLY OUR POLITICIANS ARE HAVING TO FACE REALITY CHECKS THESE DAYS AS THEY FACE THEIR DENIAL OF INFLATION!!!!!!!
A factor in the AMERICAN STOCK MARKET that many citizens are not taking into consideration is that IT IS NO LONGER THE ONLY GAME IN THE WORLD!!!!!!!!!! Stock Markets have popped up all over the world as OUR CAPITALISTIC SYSTEM has begun TO KICK COMMUNISTIC BUTT elsewhere on our planet!!!!!!!!! AND WE HAVE TO FACE THE FACT that COMMUNISM GOES DOWN HARD!!!!!! There are many classes of MONIED FOLKS INVOLVED IN MANY MARKETS and a little MANIPULATION is not BEYOND THE ABILITIES, SKILL AND IMMORAL TACTICS OF THOSE WHO HOLD THE POWER. POWERFUL COMMUNISTS understand that MONEY WIELDS POWER in spite of all their rhetoric about not seeking money or power!!!!!!
And making the whole scenario even more complicated is the reality that people all over the world can now buy stocks and bonds through ON-LINE FIRMS THAT EITHER CHARGE LITTLE OR NO FEE and these BUYS AND SELLS THOUGH SMALL ARE VOLATILE and often based on little or no expertise other than OOPS--THERE GOES MY MONEY!!!!!!!!!! SELL...SELL...SELL!!!!!! The more small investors appear on OUR STOCK MARKET buying on the INTERNET with little knowledge, the more VOLATILE OUR STOCK MARKET (AND OTHERS) ARE LIKELY TO BECOME!!!!!!!
THE MESSAGE TODAY is that ALL INVESTORS MUST APPROACH ANY STOCK OR BOND MARKET with REALISM!!!!!!!!!! HO-HO-HO!!!!! THEREIN LIES THE COMEDY!!!!! Much of the world and its inhabitants have lost touch with that ILLUSIVE FRAME OF MIND. AND THIS LOSS OF REALITY ABOUT FINANCIAL CONCERNS LEADS TO OTHER PROBLEMS SUCH AS THEY HAD IN LONDON THIS WEEK.
The riots in LONDON although SHOCKING should have been anticipated. WE ARE GIVING OUR YOUTH THE IDEA THAT IT IS THEIR RIGHT TO ........HAVE IT ALL.......!!!!!!!!!! WITHOUT RESPONSIBILITY OR MORALS. SO WHEN THE ECONOMY TANKS AND THE STOCK MARKETS GO INTO BEAR MODE and their PARENTS REFLECT FEAR AND FAMINE....THEY THINK THEY HAVE A RIGHT TO TAKE WHAT THEY WANT BY FORCE.
WAKE UP FOLKS!!!!!!THE ENEMY IS LIVING IN YOUR OWN ABODE!!!!!!!TAKE THAT CELL PHONE AND PUT IT AWAY UNTIL THEY COME OF AGE. Don't expect them to UNDERSTAND a REALITY that ADULTS CAN BARELY COMPREHEND. Don't expect them to show a RESPONSIBILITY BARELY TAUGHT; GENEROSITY LIKE MOST GOOD TRAITS can become misused and CAUSE POOR MORAL HABITS. MODERN MORALS are THESE 5R'S: REALITY, RESPONSIBILITY, REMORSE, RALLYING AND RIGHT ACTIONS!!!!!! Not Rumbles, rampage, radicalism, rape, and ransacking. TEACH YOUR KIDS AND GRAND KIDS THE RIGHT 5R'S!!!!!!!!
CHEERS, CONNIE
8/5/11
WHY A REPRIMAND FROM STANDARD AND POOR'S TO AMERICA? LISTEN UP! POST 73
Hi,
The recent news on Standard and Poor's credit rating information that came out recently and lowered the United States credit rating was a real blow to AMERICA'S standing in the Global community!!!!!!!!!!!!! THIS IS NOT AN ITEM TO BE OVERLOOKED. IT IS IMPORTANT!!!!!!!!! These credit rating agencies NOW ALL BUT RULE THE WORLD OF TRADE AND FINANCIAL MATTERS!!!!!!! NO KIDDING AROUND. The world changed from Communist control to Capitalist control when the WALL CAME DOWN IN BERLIN!!!!!!!
Unfortunately, our voters did not notice that CHANGE AND A NEW WORLD ORDER was packaged into INTO CAPITALISM AND GLOBAL TRADING NOT COMMUNISM!!!!!! SO AMERICA IS CURRENTLY DEALING WITH COMBATING THE ANCIENT SYSTEM OF COMMUNISM, WRITHING IN THE PAINFUL THROES OF DEFEAT, while the rest of the world has moved on!!!!!!!!
What many people have not been kept informed about is how important these CREDIT RATING AGENCIES have become because of global trading and it is a real reprimand to President Obama and his administration and their handling of financial matters.
STANDARD AND POOR'S AND agencies like them "LIKE" NOW "RULE" THE WORLD AND WHAT THEY SAY INFLUENCES ALL FINANCIAL INTERACTIONS. Sure we don't have to play by their rules but the rest of the world doesn't have to trade with us, loan us money and could demand IMMEDIATE REPAYMENT OF ALL LOANS WITH INTEREST!!!!!!!!HAVE YOU CHECKED LATELY TO SEE HOW MUCH WE OWE??????????
Because global trading has introduced CAPITALISM to most of the world, certain inflexible rules have come into play that govern who borrows what, where and when! Somehow this seems to have slipped past the attention of the ruling hierarchy in Washington, who can no longer do as they DAMN WELL PLEASE in financial matters and expect the GLOBAL COMMUNITY TO SUPPORT THEM.
ISN'T IT IRONIC??????? AMERICA INTRODUCED CAPITALISM TO THE MODERN WORLD and we are using it so badly that the agencies who govern the credit ratings have to slap us on the wrist!!!!!!!!
The reason I started 73 ISSUES AGO writing this ECONOMICS BLOG WAS REINFORCED IN THE NEWSPAPER THIS WEEK!!!!!!!!!!!! Some erstwhile Economists had some NINCOMPOOP IDEAS ON DEBT. Obviously, they had been asked to REBUT the idea that a GOVERNMENT BUDGET could be handled like a PERSONAL BUDGET. That is not necessarily TRUE OR UNTRUE but the lead SENTENCE DROVE this blogger UP THE WALL!!!!!!
This is the lead: 'DEBT IS NOT ALL BAD FOR GOVERNMENT'. That evidently MEANS particularly IF you DON'T HAVE TO REPAY IT!!!!!!!!!!! Yeah right. Tell that to Standard and Poor's rating facility!!!
DEBT IS A TERM THAT MEANS 'THAT WHICH HAS BEEN UNPAID'. It is not called 'UNLIMITED DEBT' OR DEBT THAT DOESN'T HAVE TO BE REPAID (that's called A GIFT), OR DEBT THAT YOU HAND DOWN TO YOUR CHILDREN (that's been the case since the depression in the thirties)OR DEBT THAT YOU INCUR JUST BECAUSE YOU CAN!!!!!!!!!!OR DOZENS OF OTHER DEFINITIONS.
DEBT PLAIN AND SIMPLE IS MONEY BORROWED FROM SOMEONE OR SOMEWHERE THAT IS EXPECTED TO BE RETURNED HOPEFULLY WITH A REWARD CALLED INTEREST!!!!!!!!!THAT'S WHY (PRIMARILY) IT'S LENT. In Government there are other factors which mostly add up to nice words for bribery. As in: "if I loan you this money, you'll let me do.....WHATEVER in the future, OK???????????"
That's what A LOAN is whether it is a PERSONAL LOAN or a GOVERNMENT LOAN. It is SOMETIMES the ONLY way TO HAVE TO DO BUSINESS IN CERTAIN CASES. The GASPING ECONOMISTS CITED THE FACT THAT AMERICA HAS BEEN IN DEBT SINCE THE THIRTIES' DEPRESSION as a reason that it is NOT A BAD THING!!!!!!!!PLU...........EZE!!!!!!!!!! Because countries have mismanaged their finances DOES NOT MAKE IT RIGHT OR GOOD!!!!! IT SIMPLY MAKES IT A FACT that will take a FINANCIAL GENIUS to RECTIFY!!!!!!!!!
We can somewhat compare personal debt to Government debt by using a personal debt based on Government and bank controlled borrowing. A mortgage can last 20-30 years in a personal budget, payments are made, and relief is great if it gets completely paid off and the mortgagee is property debt free!!!!!HOORAY.
HOWEVER, WHEN WELL-MEANING BUT DELUSIONAL GOVERNMENT LOANING AGENCIES SADDLE UP UNSUSPECTING, UNTUTORED, OR DECEITFUL HOMEOWNERS WITH two, three, four mortgages unaffordable on a given income THAT IS CALLED MELTDOWN!!!!!!!!!! Many Homeowners felt they must have been capable of eventually repaying the loans if someone was willing to lend them all that money. The FEDERAL GOVERNMENT OBVIOUSLY SIMILARLY FEELS THAT AS LONG AS OTHERS ARE BUYING THEIR BONDS (and many bonds today are pretty iffy) AND A FEW CORPORATIONS HAVE TAXABLE INCOME--THE GOVERNMENT CAN CONTINUE TO CREATE MORE DEBT!!!! STANDARD AND POOR'S DOES NOT AGREE and made it CLEAR they did not like OBAMA CARE!!!!!!!!!the new health bill.
It is the TINKERING AND THINKING OF ECONOMIC FEDERAL GOVERNMENT NINCOMPOOPS THAT CREATES THE DEEP DO DO!!!!!!!!! That kind of thinking brought us to the brink of ECONOMIC DESPAIR with the MORTGAGE LOAN DEBACLE AND WILL BRING US TO OUR KNEES IF THE DEBT KEEPS MULTIPLYING. OUR RATING CAN GO THROUGH THE FLOOR SO FAST OUR FINANCIAL COINS WILL SPIN!!!!!!!!
The STOCK MARKETS ARE continuing with sharp PLUNGES to reflect on GOVERNMENTAL FOOLISHNESS WORLD-WIDE. IN RECENT YEARS THE UNITED STATES HAS NOT SET A VERY GOOD EXAMPLE OF FISCAL REALITY in Capitalist markets. STANDARD AND POOR'S NEW RATING REFLECTS THAT!!!!!
Unfortunately too many in Congress today listen to these over-educated Economists, who are in the first trimester of their understanding of Government finances or any kind of budget and make formal and confusing pronouncements. Of course, the Government can apply budgetary information to their structure of finances based on some different parameters.
I do agree with these newspaper Economists and their "debt isn't all bad' on ONE POINT. We cannot NOW SOLVE the GOVERNMENT'S DEBT BURDEN with ordinary BUDGETING. AMERICA is BURDENED BY SO MUCH INTEREST AND DEBT that ERECTING A STABLE SPENDING PROGRAM BASED ON the past borrowing may be beyond the intellect and imagination of MOST ECONOMISTS, who rely on JUSTIFYING BAD BUSINESS PRACTICES BY CITING BAD BUSINESS PRACTICES!!!!!!!!!!!
WHEN AN INDIVIDUAL GETS into UNPAID DEBT,they have only a very few options:sell off assets at a possible loss, pay down slowly, go into bankruptcy, or shoot oneself and leave it to one's heirs. NOT A PRETTY SCENARIO and since most folks don't like the choices, it behooves FOLKS to keep a pretty balanced budget. If the individual understands the limits of personal finance even in the case where the controlling financial institutions may try to lead them astray, they won't be led down the primrose path as many were in the HOUSING MORTGAGE "FREE FOR ALL" THAT BECAME A CRISIS!!!!!!!!
THAT PRIMROSE PATH WAS BASED ON JUST THE KIND OF ECONOMIC THINKING THAT THE RECENT NEWSPAPER ARTICLE CITED. Guess what??????????SOME IF NOT ALL ECONOMISTS HAVE LEARNED NOTHING FROM THE HOUSING DEBACLE!!!!!!!!
Government needs to respond to the call from the citizens for FISCAL RESPONSIBILITY.The voters are RIGHT!!!!!!!!!! It has to start with some real changes in spending. Unfortunately, we can do nothing about the past debts.
Although it has occured to me that the OLD SYSTEM OF BARTERING MIGHT BE CALLED INTO PLAY. We TRADE DEBT for something THE DEBT HOLDERS want to OFF LOAD. There are always trades between countries and some of them are costly. Governments just have to remember the old saying: "DON'T GIVE AWAY THE STORE with the goods!"
However, the first fiscal policy that comes into play in any BUDGETARY problem is REDUCE EXPENSES SO THAT THEY EITHER MATCH OR ARE UNDER INCOME.
In order to do this the Government must CONTROL NEW SPENDING and plan their BUDGET PERHAPS AROUND the DEBT NOW OWED AND ITS INTEREST. MAYBE, THAT DEBT WILL HAVE TO COME OUT OF SPECIAL FUNDS FROM NEW TAXES HIDDEN IN NEW BILLS RECENTLY PASSED!!!!!!!!!!
IT WON'T BE EASY AND IT WON'T BE FAST!!!!!!!!! But if we can solve the DEBT CRISIS CREATIVELY, (AND NOT COMMIT SUICIDE AS A COUNTRY WITH POOR RATINGS) WE CAN ONCE AGAIN BE HEROES TO THE REST OF THE WORLD who also need to find their way through the FINANCIAL MIRE.
America probably has some great FINANCIAL BRAINS--turn them LOOSE--to THINK CREATIVELY and get America off the OLD FINANCIAL HIGHWAYS. CREATIVITY IS NOT JUST FOR THE ARTS!!!!!!!!!! GENIUS CAN SOLVE MOST PROBLEMS WITH CREATIVITY. If AMERICANS DON'T have the FINANCIAL CREATIVITY anymore then TUNE IN to those who do WHEREVER THEY ARE.
THIS CAN BE A GREAT OPPORTUNITY since most of the countries in the world have ENCOUNTERED REAL FINANCIAL PROBLEMS. SOLUTIONS COME WHEN MOST FOLKS ARE IN NEED OF THEM!!!!!!!! LISTEN, CHANGE, CREATE A NEW FINANCIAL OUTLOOK based on Global changes!!!!!!!!!!
AND PAY ATTENTION TO STANDARD AND POOR'S--THEY ARE THE PRESENT AND FUTURE OF CHANGE!!!!!!!!!!
FISCAL RESPONSIBILITY AND REDUCING DEBT!!!!!!!!!
PROFOUND!!!!!!!What a REVELATION!!! YOU'RE WELCOME!!!
CHEERS, CONNIE
The recent news on Standard and Poor's credit rating information that came out recently and lowered the United States credit rating was a real blow to AMERICA'S standing in the Global community!!!!!!!!!!!!! THIS IS NOT AN ITEM TO BE OVERLOOKED. IT IS IMPORTANT!!!!!!!!! These credit rating agencies NOW ALL BUT RULE THE WORLD OF TRADE AND FINANCIAL MATTERS!!!!!!! NO KIDDING AROUND. The world changed from Communist control to Capitalist control when the WALL CAME DOWN IN BERLIN!!!!!!!
Unfortunately, our voters did not notice that CHANGE AND A NEW WORLD ORDER was packaged into INTO CAPITALISM AND GLOBAL TRADING NOT COMMUNISM!!!!!! SO AMERICA IS CURRENTLY DEALING WITH COMBATING THE ANCIENT SYSTEM OF COMMUNISM, WRITHING IN THE PAINFUL THROES OF DEFEAT, while the rest of the world has moved on!!!!!!!!
What many people have not been kept informed about is how important these CREDIT RATING AGENCIES have become because of global trading and it is a real reprimand to President Obama and his administration and their handling of financial matters.
STANDARD AND POOR'S AND agencies like them "LIKE" NOW "RULE" THE WORLD AND WHAT THEY SAY INFLUENCES ALL FINANCIAL INTERACTIONS. Sure we don't have to play by their rules but the rest of the world doesn't have to trade with us, loan us money and could demand IMMEDIATE REPAYMENT OF ALL LOANS WITH INTEREST!!!!!!!!HAVE YOU CHECKED LATELY TO SEE HOW MUCH WE OWE??????????
Because global trading has introduced CAPITALISM to most of the world, certain inflexible rules have come into play that govern who borrows what, where and when! Somehow this seems to have slipped past the attention of the ruling hierarchy in Washington, who can no longer do as they DAMN WELL PLEASE in financial matters and expect the GLOBAL COMMUNITY TO SUPPORT THEM.
ISN'T IT IRONIC??????? AMERICA INTRODUCED CAPITALISM TO THE MODERN WORLD and we are using it so badly that the agencies who govern the credit ratings have to slap us on the wrist!!!!!!!!
The reason I started 73 ISSUES AGO writing this ECONOMICS BLOG WAS REINFORCED IN THE NEWSPAPER THIS WEEK!!!!!!!!!!!! Some erstwhile Economists had some NINCOMPOOP IDEAS ON DEBT. Obviously, they had been asked to REBUT the idea that a GOVERNMENT BUDGET could be handled like a PERSONAL BUDGET. That is not necessarily TRUE OR UNTRUE but the lead SENTENCE DROVE this blogger UP THE WALL!!!!!!
This is the lead: 'DEBT IS NOT ALL BAD FOR GOVERNMENT'. That evidently MEANS particularly IF you DON'T HAVE TO REPAY IT!!!!!!!!!!! Yeah right. Tell that to Standard and Poor's rating facility!!!
DEBT IS A TERM THAT MEANS 'THAT WHICH HAS BEEN UNPAID'. It is not called 'UNLIMITED DEBT' OR DEBT THAT DOESN'T HAVE TO BE REPAID (that's called A GIFT), OR DEBT THAT YOU HAND DOWN TO YOUR CHILDREN (that's been the case since the depression in the thirties)OR DEBT THAT YOU INCUR JUST BECAUSE YOU CAN!!!!!!!!!!OR DOZENS OF OTHER DEFINITIONS.
DEBT PLAIN AND SIMPLE IS MONEY BORROWED FROM SOMEONE OR SOMEWHERE THAT IS EXPECTED TO BE RETURNED HOPEFULLY WITH A REWARD CALLED INTEREST!!!!!!!!!THAT'S WHY (PRIMARILY) IT'S LENT. In Government there are other factors which mostly add up to nice words for bribery. As in: "if I loan you this money, you'll let me do.....WHATEVER in the future, OK???????????"
That's what A LOAN is whether it is a PERSONAL LOAN or a GOVERNMENT LOAN. It is SOMETIMES the ONLY way TO HAVE TO DO BUSINESS IN CERTAIN CASES. The GASPING ECONOMISTS CITED THE FACT THAT AMERICA HAS BEEN IN DEBT SINCE THE THIRTIES' DEPRESSION as a reason that it is NOT A BAD THING!!!!!!!!PLU...........EZE!!!!!!!!!! Because countries have mismanaged their finances DOES NOT MAKE IT RIGHT OR GOOD!!!!! IT SIMPLY MAKES IT A FACT that will take a FINANCIAL GENIUS to RECTIFY!!!!!!!!!
We can somewhat compare personal debt to Government debt by using a personal debt based on Government and bank controlled borrowing. A mortgage can last 20-30 years in a personal budget, payments are made, and relief is great if it gets completely paid off and the mortgagee is property debt free!!!!!HOORAY.
HOWEVER, WHEN WELL-MEANING BUT DELUSIONAL GOVERNMENT LOANING AGENCIES SADDLE UP UNSUSPECTING, UNTUTORED, OR DECEITFUL HOMEOWNERS WITH two, three, four mortgages unaffordable on a given income THAT IS CALLED MELTDOWN!!!!!!!!!! Many Homeowners felt they must have been capable of eventually repaying the loans if someone was willing to lend them all that money. The FEDERAL GOVERNMENT OBVIOUSLY SIMILARLY FEELS THAT AS LONG AS OTHERS ARE BUYING THEIR BONDS (and many bonds today are pretty iffy) AND A FEW CORPORATIONS HAVE TAXABLE INCOME--THE GOVERNMENT CAN CONTINUE TO CREATE MORE DEBT!!!! STANDARD AND POOR'S DOES NOT AGREE and made it CLEAR they did not like OBAMA CARE!!!!!!!!!the new health bill.
It is the TINKERING AND THINKING OF ECONOMIC FEDERAL GOVERNMENT NINCOMPOOPS THAT CREATES THE DEEP DO DO!!!!!!!!! That kind of thinking brought us to the brink of ECONOMIC DESPAIR with the MORTGAGE LOAN DEBACLE AND WILL BRING US TO OUR KNEES IF THE DEBT KEEPS MULTIPLYING. OUR RATING CAN GO THROUGH THE FLOOR SO FAST OUR FINANCIAL COINS WILL SPIN!!!!!!!!
The STOCK MARKETS ARE continuing with sharp PLUNGES to reflect on GOVERNMENTAL FOOLISHNESS WORLD-WIDE. IN RECENT YEARS THE UNITED STATES HAS NOT SET A VERY GOOD EXAMPLE OF FISCAL REALITY in Capitalist markets. STANDARD AND POOR'S NEW RATING REFLECTS THAT!!!!!
Unfortunately too many in Congress today listen to these over-educated Economists, who are in the first trimester of their understanding of Government finances or any kind of budget and make formal and confusing pronouncements. Of course, the Government can apply budgetary information to their structure of finances based on some different parameters.
I do agree with these newspaper Economists and their "debt isn't all bad' on ONE POINT. We cannot NOW SOLVE the GOVERNMENT'S DEBT BURDEN with ordinary BUDGETING. AMERICA is BURDENED BY SO MUCH INTEREST AND DEBT that ERECTING A STABLE SPENDING PROGRAM BASED ON the past borrowing may be beyond the intellect and imagination of MOST ECONOMISTS, who rely on JUSTIFYING BAD BUSINESS PRACTICES BY CITING BAD BUSINESS PRACTICES!!!!!!!!!!!
WHEN AN INDIVIDUAL GETS into UNPAID DEBT,they have only a very few options:sell off assets at a possible loss, pay down slowly, go into bankruptcy, or shoot oneself and leave it to one's heirs. NOT A PRETTY SCENARIO and since most folks don't like the choices, it behooves FOLKS to keep a pretty balanced budget. If the individual understands the limits of personal finance even in the case where the controlling financial institutions may try to lead them astray, they won't be led down the primrose path as many were in the HOUSING MORTGAGE "FREE FOR ALL" THAT BECAME A CRISIS!!!!!!!!
THAT PRIMROSE PATH WAS BASED ON JUST THE KIND OF ECONOMIC THINKING THAT THE RECENT NEWSPAPER ARTICLE CITED. Guess what??????????SOME IF NOT ALL ECONOMISTS HAVE LEARNED NOTHING FROM THE HOUSING DEBACLE!!!!!!!!
Government needs to respond to the call from the citizens for FISCAL RESPONSIBILITY.The voters are RIGHT!!!!!!!!!! It has to start with some real changes in spending. Unfortunately, we can do nothing about the past debts.
Although it has occured to me that the OLD SYSTEM OF BARTERING MIGHT BE CALLED INTO PLAY. We TRADE DEBT for something THE DEBT HOLDERS want to OFF LOAD. There are always trades between countries and some of them are costly. Governments just have to remember the old saying: "DON'T GIVE AWAY THE STORE with the goods!"
However, the first fiscal policy that comes into play in any BUDGETARY problem is REDUCE EXPENSES SO THAT THEY EITHER MATCH OR ARE UNDER INCOME.
In order to do this the Government must CONTROL NEW SPENDING and plan their BUDGET PERHAPS AROUND the DEBT NOW OWED AND ITS INTEREST. MAYBE, THAT DEBT WILL HAVE TO COME OUT OF SPECIAL FUNDS FROM NEW TAXES HIDDEN IN NEW BILLS RECENTLY PASSED!!!!!!!!!!
IT WON'T BE EASY AND IT WON'T BE FAST!!!!!!!!! But if we can solve the DEBT CRISIS CREATIVELY, (AND NOT COMMIT SUICIDE AS A COUNTRY WITH POOR RATINGS) WE CAN ONCE AGAIN BE HEROES TO THE REST OF THE WORLD who also need to find their way through the FINANCIAL MIRE.
America probably has some great FINANCIAL BRAINS--turn them LOOSE--to THINK CREATIVELY and get America off the OLD FINANCIAL HIGHWAYS. CREATIVITY IS NOT JUST FOR THE ARTS!!!!!!!!!! GENIUS CAN SOLVE MOST PROBLEMS WITH CREATIVITY. If AMERICANS DON'T have the FINANCIAL CREATIVITY anymore then TUNE IN to those who do WHEREVER THEY ARE.
THIS CAN BE A GREAT OPPORTUNITY since most of the countries in the world have ENCOUNTERED REAL FINANCIAL PROBLEMS. SOLUTIONS COME WHEN MOST FOLKS ARE IN NEED OF THEM!!!!!!!! LISTEN, CHANGE, CREATE A NEW FINANCIAL OUTLOOK based on Global changes!!!!!!!!!!
AND PAY ATTENTION TO STANDARD AND POOR'S--THEY ARE THE PRESENT AND FUTURE OF CHANGE!!!!!!!!!!
FISCAL RESPONSIBILITY AND REDUCING DEBT!!!!!!!!!
PROFOUND!!!!!!!What a REVELATION!!! YOU'RE WELCOME!!!
CHEERS, CONNIE
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