Congrats to all in the market today...hope it holds....I have a week until I'm elligible to get back in.
Anyway, my perspective:
ETHICS, How much are yours?
This is a rant about ethics, mine, yours, whatever. Please remember that if you do not keep things right or wrong, black or white, you will have deviation. If you can morally live with a lot of deviation, then this discussion may seem a little off. However, if deviation is kept small, you might go, Hey, I can't handle this and I want my change now!
Housing
The housing markets show that there is less inventory. I have six friends in the real estate market and they will tell you that if a bank doesn't list it, it is taken off the inventory list. Unethical, Market manipualtion by banks is still rampant. Believe me, the banks, unethically, sold to illegal immigrants who just aren't in the country anymore. And believe me, the only people buying houses are brokers......They will be put in investment holdings.
Oh, by the way, a biker friend of mine will be renting a house from a Chinese national in September.
Unemployment
We are now looking at 15% unemployment in California. 15% people - you realize that is like the state of Maryland being unemployed. Ethical paranthetics: (It says 11% online but - YOU CAN'T handle the truth. We can't possibly track real numbers, wait a Census is coming up next year!!!!!)
Accounting
Now, can I bring up restructured debt?...sure I can. Ford said it was profitable today.
WHAT???? YOU HAVE 10 BILLION IN DEBT!!! If you have debt, you can NOT be profitable. YOU ARE IN THE RED. You spent more cash than you brought in. YOU ARE NOT PROFITABLE. ENRON tried this once!!!!!
I was told once, the easiest way to get rich is to find something that the government can mandate, and you sell this to the next level....The driver side mirror....Do we need it? No, we can just turn our heads and see. But no, it is now a required "safety" item. Oh and by the way, if you actually turn your head and look, "obects may be right where they appear!"
Ethics - Am I ethically correct in writing this? Should I not say anything? By the way, am I ethically bound to tell you that the United States was never a democracy? That it was designed to be a republic? Nnut gave me that one...Thanks Nnut! (He posted the video here on TSPTalk)
Anyway, Ethics, If we could get our accounting laws in order, meaning you are either profitable or not, then maybe we can actually invest in strong businesses and support the economy.
Got Ethics?