Tuesday, January 27, 2009

I Don't Get It

My puny portfolio has taken a beating.  The value of my home has dropped by approximately 20% -- according to the reports on the financial sites.  Jobs are vanishing with a swiftness not seen for seventy-plus years.  Things don't look good, and the news media is saying positively that things are bad.

Then I go to the gas station, and although I watch on the internet as crude oil drops day-by-day, my local gas station prices just went up a nickle per.  I go to the stores and prices are up for everything.  Walmart's prices are up.  Even the Subway in Walmart is now charging $1.60 for the bag of popcorn that was just recently one dollar even.

My taxes are bound to go up, seeing as how the new president is doubling down on Mr. Bush's unwise and ineffective approach to the economic woes.  Local government is cutting back on services and putting the hourly help on shorter hours (but paying the commissioners and the salaried people - the supervisors - the same money!).

If we are in a recession, shouldn't something other than my income and my investments recede? 

Hey business guys!  If you want more business from a shrinking money pool, raising your prices is the wrong approach.  Try charging less.

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