Posts tagged ‘ecomomy’
OPINIONS & OBSERVATIONS
A LOOK INTO THE FUTURE, PERHAPS
I know, I know, this blog is meant to benefit writers on trying to get published. But there is so much ‘stuff’ going on in our country that I find it difficult to concentrate on this blog’s purpose, and for that matter, on this country’s current purpose.
I will return with information for writers. I promise. But I cannot ignore what is happening to the country I love, why it is happening and what the future may hold.
Shortly after the new tax bill was passed, I read or heard a prediction. Unfortunately I cannot quote the source. But the prediction was you would be able to tell which companies were using the new-found wealth to benefit their company and improve the economy. You could also identify the companies who didn’t give a shit about the economy or their workers. There only aim was to benefit the stock holders by buying back their stock.
The information that follows is from an article written by Stan Choe of the Associated Press. I read the article in the Daily Local New, a Pennsylvania paper 6/28/18. In this article he states:
“Stock repurchases hit 189.1 billion dollars in the first quarter for S&P 500 according to preliminary results from S&P Dow Jones Indices. That tops the prior record of 171.9 billion set during the summer of 2017, just before the Great Recession struck.”
There is a great deal more information in the article, and if you are interested in this country’s future, check it out.
This country has become a fiction which I cannot believe.
I tried to find the article to include in this piece. It’s like it disappeared.
RANTS & RAVES: THE PRICE OF OIL
Okay, I may be slightly paranoid. Perhaps beyond slightly, but here is another example of how I think we are being manipulated, by having ‘experts’ telling us that the sky is falling.
Someone out there please help me understand this. It wasn’t long ago when the price of oil was about to exceed 50$/barrel and ‘experts’ predicted a catastrophe for that would be a first. Economic distress would surely follow. Now, years later, the price of oil has fallen below 50$/barrel and ‘experts’ are predicting economic distress sure to follow. Are we being manipulated, do ‘experts’ not know what the hell is going on or am I just getting too old to take everything I’m told as ‘the truth’.
Is there anyone out there that can offer guidance?
I know this blog is dedicated to writing, but our writing, in some way or another – even if it be horror, is based on the world around us.
Let me know what you think.
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