Friday Thoughts for August 2007
That was a week that was, with huge economic ramifications from things that have been brewing for a while:
- There has been a recent crisis in the United States related to prime loans, and it may still take some time until its full effects become apparent. This crisis has caused a credit crunch, leading central banks worldwide to inject large amounts of cash into the financial system. The implications of these actions are uncertain, but we should see the results of these efforts in the coming weeks.
- The “China Syndrome” is becoming more apparent as companies that outsource their manufacturing realize they should have had tighter quality controls. What comes next in this episode?
- The Stock Market had it’s worst start to a day yesterday since they reopened after 9/11 . Remember to stick to your plan, and don’t get too emotional about it; if it bothers you, just don’t look!
Executing a Financial Plan in 2007 is Like
Moving a bridge, very slow and sometimes you never think you are making any progress, but you are. Don’t believe me?This is the Island Park bridge move from August 11th here in Ottawa. Ottawa folk are strange, because we go to these kinds of things and treat them like rock concerts! I am not kidding there were hundreds of people watching this.
Slow and steady growth, just like slow and controlled bridge moving.
Time lapse of this entire Island Park Bridge Move project can be seen here as well.
Have a good weekend, relax, don’t worry about finances, and have fun. On Monday, things will be different (not necessarily better or worse, just different).
August 2007 Postings
- Crisis? What Crisis?
- Dollar Down and Dropping but Fuel Intake Up
- Wake Me Up When September Ends
- Unemployment All Time Low and Housing Prices Stabilizing
- Financial Research
- Trading Activity and the Stock Market
- Stop Buy?
- The Importance Sell Stop: Limit Your Losses
- How Cheap Are You?
- Bill Surfing The Next Generation
- Bill Surfing (Day 3)
- New Pay Day Loan Rules In Place in Ontario
- Bill Surfing (day 2)
- Bill Surfing
- New Trick Credit Card Activation
- Cheaper Day Care Alternatives
- Summers Sundays and Church
- lululemon on the NASDAQ (FINALLY!)
- Free Form Friday
