A FUNNY THING ABOUT TODAY'S ECONOMY AND HEADLINES...
is that the general public is learning what many companies have not been doing, or aren't doing, or should have been doing. It's like a dumbed-down version of 'Enron', kind of like a flu-shot you get.
So many public companies are coming undone, and many exposed to the scrutiny of the consumers, investors, our own government, other countries' economies. It is just sad that there is still a lack of transparency admist current policy & regulations that are in place (i.e. SEC, FTC, PUC, FDA, etc). What will it take to restore integrity to our open, competitive markets? What??!!!!
I can't help but laugh when I think that a bottle of water, even a candy bar costs more than a share of a once-multi billion dollar company. Maybe that is the next revolution: stock up on water, candy bars and goodies, and you will be the master of the universe in an economic downturn.
The money is out there-it can't simply have vanished into thin-air. When you are at a casino table [pick your game of choice], you either win or lose money. If you win money, the chips are right in front of you; if you lose money, the chips are in front of the dealer. Regardless, YOU KNOW WHERE THE CHIPS ARE! In aggregate, all the major governments of the world have poured TRILLIONS of dollars in capital into it's financial system, and that still doesn't help? Where has the money gone to? What are companies and banks still not telling us about their debt positions? Who are these creditors? Insurance companies, like AIG - where is all that money you got? These are the questions I ask and wonder about, and I know I am only among millions of others that are asking the same thing.
And no, don't blame it on aliens.
Thursday, November 13, 2008
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