Little bit of reality so we won't get confused with the few YET survivors like QCOM (only about 50% off its high)
<<Mayer and most other economists are puzzled, to be sure, by surveys that suggest consumers are still confident about the economy, given that U.S. households’ net worth last month recorded its first year-over-year decline since 1945. How can people feel positive about the future, economists wonder, amid the continuing drumbeat of corporate layoffs and the raw fact that U.S. manufacturing employment has fallen to 17.8 million, a level not seen since 1965?
Mayer blames the disconnect between reality and public perception in part on the media, which she contends has failed to report accurately on the troubles in the real economy. Personally I think that overstretched consumers are simply in denial -- and are continuing to charge and spend recklessly longer than in the past by force of habit. Also, it sort of makes sense that layoff victims might use their credit cards to buy stuff while they’re looking for work.>>
Maurice, I'm reading your posts which are really good as you are one tough of the fighter and good writer.
When I read your message comparing MONEY to electricity, one thing which struck me right away was lack of amperage.
Let me compare information to voltage but almost nil amps. Useless because all it can carry is another information, bla, bla, blab. What is information worth without the subject which is amp.? You can have one billion volts and not being able to kill the fly, never mind the bear.
Information now is just another cheap commodity, so I rather choose the heavy weight commodity. |
