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Ford Motor, then and now…

As i read this, it just seemed so worthy of being Amplify’d. Thanks to http://roprice.amplify.com/ for bringing this post to my attention…very interesting perspective on the automobile industry by Seth Godin.

Amplify’d from sethgodin.typepad.com
Back in its heyday, Ford Motor made every single part of its cars, including raising the sheep that grew the wool that made the fabric that upholstered the seats. That’s not true any more. Now, suppliers make just about every part.Read more at sethgodin.typepad.com
 

Does the bank always win?

I sure hope this suggestion (that the banks will pass the cost of Obama's bank levy on to their customers) proves to be false. I'm as capitalist as they get, but i am really starting to find myself to be furious at the banks. What part of "we bailed your asses out!" don't they comprehend? And i don't want to hear the rebuttal about "some banks didn't get assis... read more

Amplify’d from news.bbc.co.uk

BBC Business editor Robert Peston said that the cost may be passed on to the banks’ customers.

Read more at news.bbc.co.uk
 

Wall St. bonuses offend White House advisor. Please…talk is so cheap!

Personally, i'm more offended that people like this go on tv talking about how offended they are about things they don't have the courage to deal with. If she's so offended by the insanely large bonuses on Wall Street, why doesn't she advise her boss...the President of the United States...to do something about them. My goodness, they play us for such fools. Th... read more

Amplify’d from www.cnn.com
See more at www.cnn.com
 

Six great ways to stimulate the knowlege economy

Thanks to @rmowery for pointing out this excellent article. I highly recommend reading this as it suggests a number of innovative, forward thinking ways we should be spending the stimulus money. URL:  online.wsj.com

Here we go again?

Amplify’d from www.marketwatch.com

With spending rising faster than incomes, the personal savings rate fell to 4.2% from 4.5% in June.

Read more at www.marketwatch.com
 

While this type of behavior will probably be celebrated on Wall Street - and perhaps even promoted by Washington - isn’t this type of behavior (spending more than we make on credit cards, etc.) what got us into a mess in the first place?

Why it pays to buy local…

Amplify’d from www.psfk.com
When you purchase at locally owned businesses rather than nationally owned, more money is kept in the community because locally-owned businesses often purchase from other local businesses, service providers and farms. Read more at www.psfk.com
 

Seems to me that buying local - especially in regards to food - is going to be a major trend over the next decade.  Considering that almost everything on the shelves in mass market retailers is made in China, buying local would be quite a change from an economic perspective.

Replace “clever” with “shady” and you’ve got it right!

Amplify’d from finance.yahoo.com

He said there was a need to restructure the global financial system and impose tighter regulations to avoid a repeat of the economic crisis, but expressed concern that the momentum for reforms appeared to be easing.

“We do not have the political will to do that just yet … I suspect clever people can still make a lot of money from the financial system in the next few years,” he warned.

Read more at finance.yahoo.com
 

Paul Krugman is right, it’s just hard to explain/understand how the political will to regulate Wall Street isn’t there yet.  If not now, when!?!?

We want propserity and we want it now!

Amplify’d from politicalticker.blogs.cnn.com
the House Minority Whip also says in Saturday’s address that “President Obama’s economic decisions have not produced jobs, have not produced prosperity, and have not worked.”Read more at politicalticker.blogs.cnn.com
 

Come on now…isn’t it a bit premature to be claiming that President Obama’s decisions have not worked.  And isn’t it a bit absurd to be complaining because we don’t have “prosperity” back.  I really think this notion that prosperity is an entitlement for Americans is ludicrous.  We had our prosperity and we got drunk on it…and now we’re paying for it.  The idea that we can just have it back seems like a load of you know what.

I have no idea if Obama’s economic decisions will prove to work or not…but i do know that politicians who are already ranting and raving that they “haven’t worked” are doing nothing to help the country.

Whose to blame for the housing bubble? Lenders!

In my opinion, the housing bubble was caused primarily by one thing - greedy lenders who knew exactly what they were doing and how disastrous the consequences would be long term.   This clip from Rolling Stone magazine says it well…

Amplify’d from www.rollingstone.com
By now almost everyone knows that for decades mortgage dealers insisted that home buyers be able to produce a down payment of 10 percent or more, show a steady income and good credit rating, and possess a real first and last name. Then, at the dawn of the new millennium, they suddenly threw all that shit out the window and started writing mortgages on the backs of napkins to cocktail waitresses and ex-cons carrying five bucks and a Snickers bar.Read more at www.rollingstone.com
 

Not exactly the way you want to boost retail sales…

Amplify’d from finance.yahoo.com

Gasoline boosts U.S. retail sales

Gasoline sales jumped 3.6 percent in May after dropping 0.8 percent the previous month. Excluding gasoline, retail sales rose 0.2 percent.Read more at finance.yahoo.com
 

Higher gasonline sales are a result of higher gasonline prices…can’t think of a more anti-growth way to boost retail sales.