Thursday, October 23, 2008

The Recession

how long do we have to wait until stuff starts getting cheaper? is that ever going to happen? i'm not really that well-versed in economics. my professor for macroeconomics in college wore a fanny pack, velcro sneakers and always had chalk all over himself. terrible fashion sense coupled with the fact that he had a mustache makes me think he was a genius in hindsight. the fact that he let us grade our own work and give ourselves grades at the end of the semester made me feel like a genius at the time.

i guess hindsight is always 20/20 in this whole recession biz. like when i decided not to set up my 401K right away. that turned out pretty well. i've always been a cash business anyways. 

anyways, if anyone could explain how the next couple of years are going to work i'd appreciate it. i imagine times are going to get tight. i'm not convinced until they give it a better name. and not "The Second Great Depression". we could use a little more creativity from the media. remember "shock and awe"? that was a dope name. there's no way the military came up with that. i think we should go that route for the recession. something like "lose and cry"?

mmmmbolt?


2 comments:

Ms. Filipink said...

Albert Alexander was fanny pack man.... I had him too. This is definitely going to post as Ms. Filipink.

Unknown said...

always good to hear your thoughts bra... in response to your query, id have to say that the economy will rebound soon enough (in my eyes) between this government initiated bailout package (which i am not entirely a fan of) and the general cycle of economics we should start seeing signs of rebound within this upcoming year or at least id hope so. It will take time for the bailout to trickle down and for people to begin feeling more confident and secure with their investing, but certainly nothing over night.

What i have noticed and am becoming more and more intrigued about is investing now. Its a buyers market right now, in terms of real estate and stocks, even though the purchasing power of the dollar is down, the reduced cost of various stocks and real estate could have great potential for high gains a couple years down the road. As long as the stocks or properties your investing in are in good standing and/or have potential for growth (ie GOOGLE) then id look into it. Im sure your not really looking to do this but its good food for thought, and i am definitely going to be some investing soon, probably on e*trade... anyways im going to boom boom mex mex with my sisters yeaaahboooyyiii!

also just an FYI billy boy has stopped "mmmm"ing for a week and going strong. time for me to get focus on life...

anyways cheers! calls soon, i got to make it down there soon.