We're all moving, but are we getting anywhere?

Bookmarks for December 16th through December 17th

Posted: December 17th, 2008 | Author: Cody | Filed under: Bookmarks | No Comments »

These are my links for December 16th through December 17th:


Bookmarks for December 12th through December 15th

Posted: December 15th, 2008 | Author: Cody | Filed under: Bookmarks | No Comments »

These are my links for December 12th through December 15th:


Bookmarks for December 2nd through December 5th

Posted: December 8th, 2008 | Author: Cody | Filed under: Bookmarks | No Comments »

These are my links for December 2nd through December 5th:


Bookmarks for November 9th through November 12th

Posted: November 12th, 2008 | Author: Cody | Filed under: Bookmarks | No Comments »

These are my links for November 9th through November 12th:


Welcome

Posted: October 31st, 2008 | Author: Cody | Filed under: Bookmarks, Business, Investing | No Comments »

I’d like to welcome you to my site. My name is Cody Boyte and this is my first blog post. I’ll be commenting on the things that affect my life, most often I will comment on business and economics. At this point, that seems to be the most important thing in the national news so it bears comments.

I won’t outline any manifesto or ground rules for my blog, I have chosen to let it evolve. Please comment as you please. I look forward to talking to everyone who gets involved.

I’ll start my blog with a comment on the state of the economy and give a little hope for the future. I’ve spent a bit of time over the last few months thinking about whether our economy is going to stay stagnent, move towards a recession, recover, or go into runaway inflation. At this point it seems like we’re occillating between inflation and deflation because the major financial institutions have started to completely deleveraged, which causes deflation, and yet at the same time the Fed is handing out money and has lowered the interbank rate back to the same rate that it was at when our economy started towards the problems we currently have.

In any case, I read an interesting article today. It was called “How Japan learnt how to stop worrying and love the recession” in the Times Online (timesonline.co.uk). Towards the bottom of the article I read a little passage that shared the secret for anyone that wants to learn what to do if we hit a deep recession:

Japanese instinctively hoarded cash for a rainy day: financially and philosophically, companies and the general population began carrying umbrellas even when the forecast was good. Household risk aversion now commands cultish devotion: books about living on a fiver a day sell in millions, and TV programmes on the theme are primetime fare.

If you can learn to be the guy selling the tome on how to live on a fiver a day, watch out. You’ll be doing just fine in the recession. The key it seems is to play to the times, whatever they are. Best of luck.