"Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny." -- unknown

Insanity is doing the same thing over and over and expecting different results - Albert Einstein

The crisis?
September 30, 2008 - 6:47 pm

Why are so many "leaders" crying the sky is falling? No doubt for folks in certain markets (i.e. mortgage agents, stock brokers, etc) it has fallen -- but it feel due to their (the industries) actions. Perhaps I'm a cold hearted bastard, but you reap what you sow.

Why is oil down so much? Wtf... I'd think it'd be going sky high... shows what I know. Or the price before really was inflated by speculators and those folks have stopped.

The Dollar is up vs the Euro. This intrigues me to... with the sky falling, the Dollar is gaining in value vs the Euro? Perhaps it's not falling.

I read a couple stories today that talked about the kinds of mortgages in trouble... and they are mostly investment homes. While there are some owner lived in homes, it's a relatively small percentage of the bad loans. Translation: folks who bought to live in the place made good choices, on the whole, regarding mortgages and folks who bought to invest/flip gambled and took the lowest ARM they could find... who cares what the rate will go too? The plan is to flip it ASAP.

I don't much care about the damage caused to those folks either. It's those housing speculators who drove up prices in the first place. They gambled.. they lost.

Something that's starting to bother is that yesterday the CEO of my company sent out a mass email urging everyting to send in this pre-set form letter urging our Rep to vote yes. Literally all you had to do was put in an address so it'd pick the right person and your name.. and off it went.

I'm not so sure the CEO of the company should be doing it. I'm sure it's all nice and legal.. but doesn't seem quite proper to me. Talk about undo influence.

At the time I pretty much ignored it... then I heard some areas of the company are now POSTIVE they are going to be laid off since the CEO sent out that letter. Quite a bit of time is being spent talking about the issue among these folks.. and guess what? That means lower productivity and lower quality of work -- after all if you KNOW a layoff is coming, why try hard? The end result, of course, is that folks do get let go... quite possibly due to the drop in performance.

But.. whatever. It's done.

The average person seems dead set against it.. and folks with lots of money seem for it... perhaps the folks with money were more likely to be speculators?

I dunno...