For some reason I woke up thinking about finances…So, here are a couple of things that caught my attention this AM:
I can’t remember where I got the following cartoon (NY Times, maybe? NPR? – either way, I’m not claiming to have drawn it and I wish I could give credit to the artist now) – but I posted it on Facebook and a colleague made a very observant comment on it. You can see his observation below the picture.
“The biggest flaw with the entire argument in general is that it’s contradictory: “a smart consumer saves for the future; a good consumer spends to stimulate the economy.” So people are, on the one hand, told not to “hoard” money and to spend it to help the economy. Actively encouraged to spend, in fact. Then when things go to hell, they are scorned for having not saved any money.”
Since we’re in the economic mood, I stumbled across a preview for a new movie that’s based on the true events in 2008 that triggered the current economic disaster. The movie, “Margin Call” is directed by J. C. Chandor, and starring Demi Moore, Stanley Tucci, Kevin Spacey (and several other good actors), is due out soon.
To read the NY Times review of the movie, click here.