say it ain’t so,… TED?

I came across this article and thought it was very important.

It seems watching the Dow isn’t as critical as watching TED. I didn’t even know this number existed, but it does and it is important:

“There’s a lot that’s ill-advised about that habit, but, most importantly, attending to the ups and downs in the Dow won’t tell you much about the current financial crisis. Ours is a crisis of credit: Financial firms are unwilling to lend to each other (at all-but-exorbitant rates) for fear that borrowing firms may fail or that they themselves may need the cash to fend off their own crisis.”

click HERE for the article.

bye, bye, bye?

As soon as the dust settles with the financial crisis, you are going to be encouraged to buy, buy, BUY! This is the governments solution to everything. Have you ever wondered why?

It is for one simple reason… the only thing we have is our consumerism. What do I mean? We don’t have an industry. Why do you think there are daily reports on consumer confidence? Our entire economy is based on what we buy and sell.

Well, I would like to encourage you to live simply. And, by this I do not mean “Real Simple”-ly.

HERE is an editorial from Daily Green about the topic. And HERE is the direct link to the author.