Just as the promotional materials for the Small Business Saturday event say, first there was Black Friday and then there was Cyber Monday… For those not in the loop this is a promotion to try to push shopping, to some at least some extent, on Saturday after Thanksgiving with small businesses. It is even implied to do so with local small businesses, which is even better. It is a good idea and something I am very much in favor of doing myself.
As I write this, it is starting to seem like most of the things that have been making so much of our economy here in the US, especially as it pertains to banking and Wall Street, figured out over in Europe. I will agree it seems like we have been close a couple of times before and there is certainly not an absolute, but we have gotten new technocratic governments in both Italy and Greece the seem largely on board with the changes that need to be made and we have an EU that seems largely on board with the support that it needs to offer to keep anything of a major collapse from occurring anytime in the real near future. With the strong earnings, combined with a very modest growth in the economy and very slight dip in the unemployment rates, some forecasters are starting to shoot for a positive 2011 after all. Not so fast I say…
Had a couple of big economic thoughts the other day that really are kind of obvious if you give it much thought – the first has to do with the in ability to get home loans and how that this really of the root causes of the slow and failing to recover economy. I am moving ahead with sharing though, as no major media outlet that I have seen has covered this directly. Several have come close and certainly lave it has the obvious conclusion. However, my faith in the powers that be seeing something so obvious is a little less a percentage I would rather bet, so here I go with the comments I have concerning the in-ability to get a home loan and how that is holding down our economy.
It has been a few days since I have posted here and not for a lack of things to comment about. In fact, I have made a note of something to post about at about a rate of two-three per day. Obviously I have been a bit pushed for time the last couple of weeks. So, with that in mind and feeling that I really wanted to get some of this out there an almost random observations, though a good number of them are from the political arena. After all, the presidential race for 2011 got an official kick off in the last couple of weeks and that is always such a promising field for fodder coming from my mind as candidates say and do some surprising (and often dumb) things.
