Jonathan's blog

Friday, November 28, 2008

Good short about the problems of our economy.

http://www.youtube.com/watch?v=woPGroHWdmg&feature=related

Saturday, November 08, 2008

Pics from Outside the Obama Election Night Rally














These are some pictures I took outside of the Obama rally. I didn't get tickets to go into the main rally and I didn't want to watch on the jumbotron at the other rally so I took in the atmosphere and got the hell out. After he won Ohio the people started streaming into the park like Union Station at the end of a work day. I'm usually fine with crowds but this one was a little too much for me.

Saturday, November 01, 2008

Now this is some serious debt.

This is a great eye-opening explanation of the level of debt our country has accumulated over the past couple decades. Talk about bubbles. Deleveraging is just a fancy way of saying that we are and need to continue to burst this bubble. The speed with which we do it will determine the length & depth of our recession. If people are paying off debt, they can't be using that money to buy goods. Less goods being bought, less profits, less need for employees, less income, less spending, and the cycle continues. Eventually only the well run, profitable businesses will be left and things will level off and then begin to rise but it will be a long ugly road. Make sure to watch the video and look at the chart at the bottom of the article.

http://finance.yahoo.com/tech-ticker/article/104704/What-Does-%27Deleveraging%27-Really-Mean-Cutting-Our-Addiction-to-Debt?tickers=^dji,^gspc,tlt,PTTAX,SHY,IEI