CEO Losing Billions!

I was just reading online that big time CEO’s and investors are losing billions of their own money in this market crash. There are a few big names on this list but I would like to stick to one, Warren Buffett. According to this article Warren Buffett has lost something like $13.5 billion dollars over this last year. But lets not forget that he still has something like $48 billion left. And these other CEO’s and investors are in the same place as Warren Buffett. Here’s my take on this, cry me a freakin’ river. This is happeing to them because of there greed, and their takening us down with them. And lets not forget these guys are still sitting on billions of dollars. My wife said, “what about the little guy that was ready to retire with a few hundred thousand?” I can’t agree with her anymore than that. And I’m sure most of you reading this are saying the same thing. I really don’t want to here how much these CEO’s and big time investors are losing. After all, most of this is their fault. We should take what they have left and give it back to the little guy getting ready to retire. And throw these CEO’s and investors in jail, that’s what I want to see happen. And I sure a lot of you would like to see the same thing happen. It just might spark the economy seeing these CEO’s and investors getting in the white van heading to jail. I sure know it would make me feel good. And it will also help the other CEO’s make a better choice when seeing this. Anyway, I still have a lot of time before retirement, and I will get back my loses, I hope. But for the ones retired or getting close I hope that things change quickly for you.

Zero Percent!

This week the central bank lowered its interest rate that banks charge each other on overnight loans to 1 percent. The main purpose for this drop is to get banks to start lending. Now what a lot of people don’t realize is that this rate fluctuates. Even before the Fed cut the rate on Wednesday it was already below 1 percent. And that’s because banks are so scared to lend money to anyone. If banks remain on the same course for this month the rate very well could fluctuate to zero percent. And this is what most analysts feel is what is needed, zero percent interest rates. If dropping to zero percent doesn’t jumpstart the economy what is next? There is a lot more options that the Fed can do to start the economy. So this isn’t really a main concern. Japan dropped their interest rate to zero percent for 5 years. So maybe we should do the same to get things moving. And then focus on other options if needed. We’ll get through this, American history has show Americans can battle anything.

Wall Street Up!

The only thing I really have to say about what happen on Wall Street today is, wow. Well I had a few other things to say. Like did you know that the Dow Jones industrials ended with it’s second-largest point increase in the Dow’s history? The Dow Jones industrials almost exceeded 900 points today. And let’s not forget the Standard and Poor’s 500 index, which finished at almost 11%. I was just checking the Asian markets and their soaring right now. This is a great sign for the US markets come 9:30 tomorrow morning. Another thing we should hold for tomorrow is that the Fed cuts interest rates. If this rate is not cut the markets will drop fast. I truly believe that the rate will be cut tomorrow and will be looking at another 10% increase in the Dow Jones industrials. So let’s hope for the best tomorrow morning, because hope is all we have left.

Making More Loans!

The White House has asked banks and financial companies to start lending again. A lot of these banks are going to be receiving our federal tax dollars, so they better start lending. This is what keeps America moving, and if the banks don’t start landing soon it’s only going to get worse. And if you think about it, isn’t that how banks make their money? These banks are going to need to step up and start lending to support the American economy. If they don’t start lending the US government should step in and take the money back. Or better yet, maybe try to run the bank. After all the American people are going to be shareholders in these banks and financial institutions. Anyway, the only way the economy and this credit crunch is going to break is when the money starts to flow again. I feel so far that the government has done somewhat of a fair job to thaw the credit system. If the money doesn’t start to flow soon we will be right back in the 1930s again.