It is a succinct statement on the state of the economy.
”The delay in a rebound of US home sales continues to surprise”. The Boston Federal Reserve Bank President is not the only one nonplussed. Interest rate cuts have not worked. Where is the fix for the economy? Get back to basics for a solution.
You cannot escape the Information Age. Everyone promises not to spam your data. That does not include looking over your shoulder. Do you ever use a search engine? The best one will not disclose your identity. However, they do let you browse trends. Which words do people use for searches? How has this changed over time? You can access anonymous but significant data. Compare results for languages, across countries, and even cities. This applies to stocks as well.
We hope that prophets of doom are wrong. Some of us keep worrying they could be right. Malthus lived 200 years ago. He postulated the dilemma of population growth. That nightmare is now close.
Financial planning software is free. Do not fret if the business model does not make sense. Just use it to keep track of your expenses.
What should you do with your Energy Sector stocks? Will Bush push his royal Saudi buddy? Can all that Washington has done for security get the Sheikhs to keep crude in just two digits per barrel? Will Chavez have his way yet again and realize the $200 a barrel dream/nightmare? Will our Guam squadrons obliterate Iran?
The portly Chair Person is a business Guru. The local stock market hangs on to his every word. Business channels on television depend on his interviews for their rankings. He pays top dollar (in his currency) for women executives. His corporate office is a gold standard of material aspirations. Never mind about his identity. Reflect instead on the weight of his words.
You may prefer the term ‘rebirth’ to demise. Some die-hards may not see the Bear Stearns fire sale as a disruptive business event. Aimless debate is a luxury. Most of us are concerned with tightening belts to prepare for lean times ahead. You have to be an incurable optimist or Chinese to see a bright economic 2008.
Adversity is part of our business heritage. Think of how your ancestors lived. Go back to the days of the World Wars. Imagine raising children during the Great Depression. Reflect on the humiliation of return from Vietnam. Rejoice in all the props we share for financial planning today.
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