Saturday, December 13, 2008
Is Christmas Too Big To Fail?
Thursday, December 04, 2008
It's the Most Wonderful Time of the Year
There's Apparently a Recession, But I'm Not Participating in It
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Nature's alarm clock ... I left the blinds open most mornings, so I was up at 6 regardless of whether or not I was over my jet lag.
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I heard the US had finally been deemed to be in a recession as of December last year, which made me look like something of a Guru to my boss since I had stated six month ago that that the end of last year probably the start of the current recession that we all have been feeling for nearly a year or so. I just listened to my brothers, who are in the construction biz, and heard nearly a year and a half ago that things were slowing down. Do you ever wonder why it takes the experts so long to get it?
I also noticed quite a few long lines at the Orlando airport, so it seems a lot of Americans didn't get the message that times are tough and they are poor. Or maybe they hit the good old HELOC one more time before the bank closed it and put on a brave face for the children they were dragging to Disney World. Hmmm.
As for me, I checked the balances on my US credit cards and found that my limits had been raised ... wait a minute, I thought there was a credit crunch and nobody was getting credit. Then I walked into my US bank to take out some cash, and they practically begged me to apply for a mortgage. It seems I'm also not participating in the recession ... yet.
But when I do, but I'll just mortgage the condo and max out the cards and live large for a few years before I start looking for my own bailout.
It seems to be the American way.