@Shey LOL I'm like, wow, kinda late for that, huh Seth? - anna awesomesauce
yeah, probably right...damn his face looks annoying there... Reminds of Eddie describing the fold in the magazine on Raw "here want me to stir it for you?" - Zee from WeDoCreative
I know that alarm bells go off at Twitter if you're following many more people than follow you. Does anything happen in the reverse, if you're following many fewer people than are following you? - Ontario Emperor
HA! +1, Zee...GI Joe swimmin' underwater...and then a big brown shark came... - Dave
I'll wait until he starts tweeting something before I follow. - Hutch Carpenter
@anna: wasn't he at @sethgodin, the only guys on twitter with zillions of followers and who never follow back? This being said, I like what he write generally :) - directeur
Harvard President Drew Gilpin Faust told stakeholders that research service Moody's projected "a 30 percent decline in the value of college and university endowments in the current fiscal year," - Mitchell Tsai
via Bookmarklet
The stock market is not down because of recession. First quarter real GDP was up, and second quarter real GDP was up. Third quarter real GDP was down at a fractional 0.3% annual rate. - Mitchell Tsai
via Bookmarklet
If analysts had known back in February (when recession calls started) that first, second, and third quarter real GDP growth would average near 1%, there would not have been calls for the type of stock market decline that has occurred. - Mitchell Tsai
Granted, it is hard to point out that this has not yet been a recession. An analyst that said that on TV the other day was practically screamed at by a journalist. It certainly "feels" like a recession, but that is in part because the stock market is down. That circular reasoning is well accepted. - Mitchell Tsai
This includes the following major companies, with year-over-year operating earnings growth in parentheses: Coca-Cola (16.9%), Johnson & Johnson (10.4%), IBM (22.0%), United Technologies (16.2%), Cisco (21.2%), and Intel (12.9%).
The only real earnings problem has been in the financial sector -- and that has been huge. - Mitchell Tsai
Another factor that did not cause the stock market crash was the energy crisis. - Mitchell Tsai
The Credit Crunch Myth -
It is often assumed that there is a credit crunch. In terms of the classic definition, this simply is not true. - Mitchell Tsai
The H.8 data clearly show that throughout 2008, commercial and industrial loans to businesses have continued to rise at a steady pace. Normal businesses have been able to get credit, at least until recently.
Commercial and industrial loans have risen every single month since late last year (except for a flat month in August) and are up strongly each week in October. Loans ARE being made. The companies with the strong earnings growth, as noted above, are not having trouble getting credit. - Mitchell Tsai
The real problem for credit availability has been solely within the financial sector. Hedge funds, brokerage funds, and companies investing in commercial real estate have hit the wall in terms of access to credit. There is a huge problem for financial firms. - Mitchell Tsai
The factor causing the stock market decline is a LIQUIDITY CRISIS. - Mitchell Tsai
A moderate decline in the stock market turned into a crash.
This in turn has now led to such dramatic talk of global recession and depression that in many ways the talk has become self-fulfilling.
The wealth effect will probably now lead to recession.
The stock market crash has been because of the liquidity crisis.
It was not caused by recession, a credit crunch, higher oil prices and runaway inflation, or earnings problems. - Mitchell Tsai
Summary: The stock market is down because of a liquidity crisis that has created a great deal of uncertainty about the short term and the long term. The issues that have developed could take years to work out.
Even as the economic and earnings fundamentals work out over time, if these uncertainties are not resolved, the market could take years to reach its previous highs. That may not be a problem for those with long-term horizons buying stocks now, but it could be a problem for those under water at current levels. - Mitchell Tsai
@Danielle I try to avoid having dinner whilst I'm in the dentist chair. She gets mad otherwise ;) - Flippity
Well there is dilemma here -- either you get asked before you have started, while you are eating, or when you are finished. The first and last are not very appropriate -- only the while eating remains. I am thinking there should be non blue at all in that pie chart. - Brian Sullivan