Liquidity is Confidence.
September 22, 2008 · Filed Under Business
So like every other morning, today I was listening to NPR on the way to work - sorry gang they are the closest thing to real news on the radio. Anywoot, they had this expert financial buff on there who was talking about the state of the economy, GLOBALLY. Here are a few things he had to say:
- Nobody trusts anybody anymore, primarily because all of the CEOs and companies they work for can’t get their balance sheets straight. (In other words they are liars.)
- Financial Institutions have invested some times as much as 30 times their actual worth! (In other words when their investments go belly up and there is something akin to a Margin Call, said company goes belly up as well.)
- The American Dollar value is soaring. (There is nothing to invest in so people are just sending their money to the USA)
- There is 6 Trillion Dollars sitting in accounts right now looking for something to do - and nobdy has anything. (If you are looking for a time to find investors STRIKE NOW!)
- The USA is looking to purchase up 700 billion dollars worth of bad mortgages. (coughSOCIALISMcough.)
GlazedNConfused always jumps on me about my articles not having a point. “Great information Thraxxus - Whats the F’n Point?” Well according the the expert dude on NPR “The economy is FAR FROM F’N OK!”
There is your F’n point mister!
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#4 is my personal favorite. Countries such as Russia and China are just hoarding cash, sitting on it until they figure out what to do with it. How about investing in your infrastructure and improving your quality of life, you fat bastards?