The way a friend explained the concept of interest to me ages ago is interesting. He made the following analogy: Think of interest as "renting" money. In other words, someone might say to a prospective lender: "I need to rent $10,000 for a year. What will it cost me?"
On a different note, when we talk about the "national debt," we're in reality talking about paper money. Governments can always rev up the printing presses and print more money.
Can we all agree, that this will fail to sound like sage advice. The most important thing to looking far in the future, is to look up close. It is a start, at least. Now our politicians will say, yes it is a start, to us looking to the future, but I will call their bluff. If it was a start, then long term politicians like Diane Fienstein would start working towards the future. But, since political party and one's immediate needs take precedent today, nothing will get done, ever. This was the sage advice from a 16 year old. Peace out.
Timely economic, psychological, political and historical observations today from Professor Brands since, just as I read this, the BBC is reporting on the longest recession in 100 years in the United Kingdom and the Bank of England’s 3% increase in interest rates to curb 11% inflation on the heels of the short lived Truss Government and the reversal of her tax cuts.
All the more reason to root for an Astros World Series victory in the United States. If history serves me correctly this morning, Philadelphia has won the World Series in the following years: 1929, 1930, 1980, and 2008.
Laura Komkov has noted that Black Thursday occurred on October 24, 1929 and Black Tuesday on October 29, 1929, notable dates during the Great Depression. Remember also that the World Series then ended by late October without the added days now resulting from the modern play-off structure. She further observes that the 1980 Phillies Championship occurred at the beginning of several negative economic cycles, and the 2008 Championship occurred in the middle of the Great Recession seeing many nations joining the United States in the middle of that Recession.
I would therefore add Phillies World Series Championships to the list of fairly reliable global recession indicators such as year-over-year negative turns in the U.S. Conference Board's Present Situation Index and its Leading Economic Indicators, and drops in the CFNAI Diffusion Index before related signals in the CFNAI-MA3 (3-month moving average).
All the more reason to remember that present historical interpretations and presentations must always be evaluated in the context of what else was going on in the perceived world events at the time.
The way a friend explained the concept of interest to me ages ago is interesting. He made the following analogy: Think of interest as "renting" money. In other words, someone might say to a prospective lender: "I need to rent $10,000 for a year. What will it cost me?"
On a different note, when we talk about the "national debt," we're in reality talking about paper money. Governments can always rev up the printing presses and print more money.
The more they print, the less each one is worth.
Can we all agree, that this will fail to sound like sage advice. The most important thing to looking far in the future, is to look up close. It is a start, at least. Now our politicians will say, yes it is a start, to us looking to the future, but I will call their bluff. If it was a start, then long term politicians like Diane Fienstein would start working towards the future. But, since political party and one's immediate needs take precedent today, nothing will get done, ever. This was the sage advice from a 16 year old. Peace out.
Timely economic, psychological, political and historical observations today from Professor Brands since, just as I read this, the BBC is reporting on the longest recession in 100 years in the United Kingdom and the Bank of England’s 3% increase in interest rates to curb 11% inflation on the heels of the short lived Truss Government and the reversal of her tax cuts.
All the more reason to root for an Astros World Series victory in the United States. If history serves me correctly this morning, Philadelphia has won the World Series in the following years: 1929, 1930, 1980, and 2008.
Laura Komkov has noted that Black Thursday occurred on October 24, 1929 and Black Tuesday on October 29, 1929, notable dates during the Great Depression. Remember also that the World Series then ended by late October without the added days now resulting from the modern play-off structure. She further observes that the 1980 Phillies Championship occurred at the beginning of several negative economic cycles, and the 2008 Championship occurred in the middle of the Great Recession seeing many nations joining the United States in the middle of that Recession.
I would therefore add Phillies World Series Championships to the list of fairly reliable global recession indicators such as year-over-year negative turns in the U.S. Conference Board's Present Situation Index and its Leading Economic Indicators, and drops in the CFNAI Diffusion Index before related signals in the CFNAI-MA3 (3-month moving average).
All the more reason to remember that present historical interpretations and presentations must always be evaluated in the context of what else was going on in the perceived world events at the time.