the market

So, for those that don't know, Jim Kramer is the face of a show called "Mad Money" on an american network called CNBC who claim to have all the answers. Jon Stewart is a comedian who makes fun of politics, current events, and people that report on those things. The video is part 1 of 2, if you really want to watch the rest of the interview go here. This is pretty funny to me because I watch and hear people everyday respond to the DOW. Everyone either gets overly excited or overly depressed.

It's gotta make you wonder, whoever has a TV show, with millions of viewers, that tells people what to buy and sell, and the people actually listen to him, must have some very rich and powerful friends. For those without good connections or those who didn't take the time to watch the youtube video, Jon Stewart is accusing Jim Kramer of doing exactly that. There have been incidents where they say buy buy buy and not to long after the company goes bankrupt. For myself, it doesn't make a difference what some bald guy is saying, but for americans who want to make a quick dollar...well, that is a different story. Americans are well known to get drawn into stupid money making schemes, to good to be true vacations and deals, stupid advertising and marketing gimmicks, etc. As most of you hopefully know, by the time CNN or CNBC know about a certain company that is going to boom or bust, the money to be made has generally already happened and the window is closed. It's one of those things that would have been nice to know.

What bothers me about this entire recession/depression is that all of last year they claimed they weren't in recessions. Month after month it was perceived that it was the end of the downward spiral. I realize this was done to trick the general consumers into not worrying about their spending in order to keep the economy going. That backfired on them though, now no one saved money for rough times, no one can continue to pay their mortgages, banks can't afford to give mortgages, houses are selling cheap and people are certainly getting more depressed and have completely held back any financial decisions. EI only dishes out $1600 after tax. Private health care costs $600 for a family, food will cost $400, other payments costs such as cars, other insurance, etc will cost the other $600. Oh ya, rent will cost at least $1000. It doesn't add up. Now the US government is going to have extra funding for rent, health insurance and costs, welfare cheques, EI cheques, utilities, etc.

It's ok though, everything will work out, there is still China!

President Obama reassured China and other countries on Saturday that their investments in United States government debt were safe as he seeks to finance record deficit spending to pull the American economy out of its deep recession.

“When money's tight and hard to get - and your horse is also ran, When all you have is a heap of debt a pint of plain is your only man”
“There was a time when a fool and his money were soon parted, but now it happens to everybody.” - Adlai E. Stevenson
“Often people attempt to live their lives backwards; they try to have more things, or more money, in order to do more of what they want, so they will be happier.”
“I am absolutely convinced that no wealth in the world can help humanity forward, even in the hands of the most devoted worker. The example of great and pure individuals is the only thing that can lead us to noble thoughts and deeds. Money only appeal” - Albert Einstein quotes