The Business of America Is Business:
It's no secret that the one positive financial note in America over the past several years has been the sale of new homes, financed with money borrowed from the Chinese and Japanese.
Now it turns out that home sales are crashing. Sales of new homes fell off by 10.5 percent last month, the biggest drop in nine years. And the number of homes on the market are at a record high, meaning fewer people are buying and many people are trying to either get out from under the mortgages or they are trying to raise cash for other reasons. It appears the real estate boom that has so far single-handedly fueled the economy may be about to crash.
The American auto industry is in free fall already. Not only is GM in a bad fanancial plight, but the thousands of workers, their families, and the ancillary businesses that serve them will have to make dramatic changes in the way they live—and spend—which will have more than just a ripple effect throughout the economy. Currently, we are dependent primarily on the Japanese to keep our auto industry affloat. Quite a change in things since the end of WWII.
Microsoft announced another delay in the release of its latest operating system. That not only affects its own bottom line but also that of the people who sell the computers that the Koreans make for the world. (Uh, that's right, your Dell is made by the same people who make all of the other computers, it's just "branded" seperately.)
Microsoft's new OS is huge and will require major upgrades in computer hardware to use. The company's goal, according to spokesmen, is to create a safe, virus and spy free operating system. Virus and spyware writers everywhere are laughing up their sleeves over that one.
On the Macintosh front, the company's latest news was that they had finally given up and gone Intel. Even though Mac users have bragged for the past few years about the security of their machines—a result of the Mac people having finally given up on its own operating system and switching to Unix with a pretty interface—the company has yet to make any sort of dent in overall sales. Their money maker is the highly over priced little music machine your teenager has plugged into his ears, isolating him or herself from the rumblings of "the real world" with a constant flow of muzac.
It's no secret that the one positive financial note in America over the past several years has been the sale of new homes, financed with money borrowed from the Chinese and Japanese.
Now it turns out that home sales are crashing. Sales of new homes fell off by 10.5 percent last month, the biggest drop in nine years. And the number of homes on the market are at a record high, meaning fewer people are buying and many people are trying to either get out from under the mortgages or they are trying to raise cash for other reasons. It appears the real estate boom that has so far single-handedly fueled the economy may be about to crash.
The American auto industry is in free fall already. Not only is GM in a bad fanancial plight, but the thousands of workers, their families, and the ancillary businesses that serve them will have to make dramatic changes in the way they live—and spend—which will have more than just a ripple effect throughout the economy. Currently, we are dependent primarily on the Japanese to keep our auto industry affloat. Quite a change in things since the end of WWII.
Microsoft announced another delay in the release of its latest operating system. That not only affects its own bottom line but also that of the people who sell the computers that the Koreans make for the world. (Uh, that's right, your Dell is made by the same people who make all of the other computers, it's just "branded" seperately.)
Microsoft's new OS is huge and will require major upgrades in computer hardware to use. The company's goal, according to spokesmen, is to create a safe, virus and spy free operating system. Virus and spyware writers everywhere are laughing up their sleeves over that one.
On the Macintosh front, the company's latest news was that they had finally given up and gone Intel. Even though Mac users have bragged for the past few years about the security of their machines—a result of the Mac people having finally given up on its own operating system and switching to Unix with a pretty interface—the company has yet to make any sort of dent in overall sales. Their money maker is the highly over priced little music machine your teenager has plugged into his ears, isolating him or herself from the rumblings of "the real world" with a constant flow of muzac.
posted by Jim | 11:08 AM
1 Comments:
According to my good ol' buddy, who lives on Fox News, we're about to invade Iran and liberate them of all their oil. That'll bring the price of oil down dramatically, like the invasion of Iraq did.
Post a Comment
<< Home