These are frightening times in the economy, and at 57, I've lived through some bad economic times, but nothing like what we have right now.
Even though oil closed at $77 yesterday, gasoline prices have dropped, but nowhere near as low as it should have dropped. When oil goes up, we see prices reflect it within hours at the pumps. But let it drop, well, it is much harder to change those prices. Now, I see the good folks at OPEC (our enemies) are going to meet to drop production so they can keep prices up.
With the bailout for the greedy, looks like the markets would stabilize, but no, the clueless idiots in it are running around like Chicken Little. After all, these are the people who got us into this mess, that and some mighty poor excuses for CEOs and upper management in many of out top companies.
And now, Wachovia's top executives are preparing for an all-expense paid trip to the Greek islands and I doubt any of these good people are going economy class. A Wachovia spokesman said they always recognize their top financial advisers in such a way. Excuse me? I can think of ways to recognize the idiots.
New name for the GRBs are DFIs. These Guys Are Too Much. --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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