Friday, March 28, 2008

Democrats...get your act together!

The best thing to do now is to buy up some Defence stocks, and wait for the presidential election next year.. For they are surely gonna go up with trigger happy Mr.McCain as a president, the odds of which are increasing by the day.


Democrats are brutally divided. Obama's cult like followers would never vote for Hillary and it will not be a easy ride for obama either. There's only one solution, that of a combined Hillary Obama ticket. it would solve all problems. Democrats will then stick together, and Mr.McCain could then be left behind to retire.

Friday, March 21, 2008

Of identity.. and of living a Job.

Years ago, on a good nice day when i quit a job, and felt like i found my bearings, i looked up a page from Peter drucker's book and what he said was very appropriate at that moment.

"Unemployment causes unhappiness, not because of financial deprivation, but primarily because it undermines self-respect. Work is an extension of personality, an achievement. It's one way in which a person defines himself, measures his worth, and humanity".

The question is whether your self-respect is so cheap, that you need your profession to define it. There are thousands of other ways to define oneself besides one's profession: One's personality, Interests, Opinions, Inclinations, Passsions, ability to convey and communicate, and so on.

How silly it seems when people make major decisions around a career, judge people by what they do for a living, choose people to mate with, insisting that they belong to a certain profession.

Looking around.

There's trouble all around. One of the top five investment banks goes under, the federal reserve has begun lending short term loans (more like a payday loan for someone squeezed tight) to the financial sectors, the visa ipo, the largest ever, came out of nowhere.

The Visa ipo may just have been the last resort by banks to raise some money. Considering the big stakes of the larger financial houses in the company, the Visa IPO may have been the emergency money stash that the banks realized they have to dip into.

The stock market seesaws with every single story, seemingly oblivious to the trouble underneath that's shaking the financial system to it's core. Will america's financial system weather this mortgage mess? It will. The questions is what it will go through as it does this.

Monday, March 10, 2008

The mortgage trouble... Who really benefited?

Now, if someone were to pay to correct the mortgage troubles that stalk the country at large.. it really isn't totally the lenders who pushed the wrong loans... or the uninformed consumers who sometimes took more than they could afford..or the federal government where the buck stops.

It's the damn Home builders: KB, Lennar, Centex, Pulte among others.

Save for resold homes, they were the biggest benificiaries of the mortgage mess.

The unbelievable part, they are totally impervious to the everything that's happening around them.. and the only thing they are worried about is the 20 year old hike in New home inventory.

Instead of waiting on the side lines for the Feds to fix the problem, the home builders should push some of their outrageous profits from the past four years to rescue the home owners into a payment plan fund of some kind. This way, not only will they live up to responsibility, but will also continue to make sales as the housing market stabilizes.

The question is, will they ever? Unless of course, if the feds slap their wrist with an investigation into their price fixing practices during the housing boom and announce some serious fines.

Corruption... Only at New York!!!!

If there's one place that's got everything... It's New york city.

I couldn't believe my ears when i heard a shuttle driver ask me 10 bucks to drive me to a building within JFK airport. Else, he said i could wait an hour if he had to go by the timetable.

Now, this guy was guyanese, and of indian descent. Either i made him feel like he was back home or maybe he thinks he's still in guyana.

Doesn't the larger attitude towards law and order prelavent in the greater america not permeate the concrete jungle? Do third world tendencies to corrupt stay the same if a person has to fend his way amidst a heavily populated city? I'm pretty sure that the same person, had he been in suburbia would do as he is told, and not get too creative.

Maybe, the affinity to corrupt stays hidden amongst the wishy washiness of a fair system, and is perhaps a basic part of human group dynamics.