It’s been awhile since I’ve last posted. Combination of starting a new job and new spring semester has greatly reduced my free time. But I am back on track now and will frequently update with new posts and keep this recession on a steady death spiral. We went from the spectacular inauguration day of President Barrack Obama. Withdraw of Tom Daschle as the secretary of Health and Human Services, Judd Gregg as the commerce secretary, and Nancy Killefer as the chief White House performance officer. So the brief honeymoon period is over for the new administration. Yes we know the administration inherited two ongoing wars, free fall of the global economy, and a deficit the size of Christian Bale’s roid rage over the amateur. (Okay no more Christian Bale blowup jokes… at least for the remainder of this post) So here are some advices to keep the recession moving along: the rise and fall of hope.
1. Recent news of U.S trade deficit is the lowest levels since 2004. This news sent oil prices tumbling to below 40$ a barrel in the New York exchange. So for those who were stocking up drums of oil in their basemen, I think it is time to let it go and cut your losses. Unless you have a fetish for gasoline fumes. But for those who are looking for investment options and do not want to bare the risk through banks, stocks, t-bills, horse track, or sock drawer. Invest in oil, because I do not enjoy the fumes coming from my basements.
2. Back to the trade deficit, now is a really good time to purchase goods made exclusively in the U.S.A. The politicians on television said you should, because it protects American jobs and the need for protectionism is necessary during a recession. You might feel a little bit better about yourself, but buyer’s remorse will remain, because you overpaid for those tube socks.
3. Speaking of retail, the sales number for retailer around the world is abysmal. So go to your favorite retail store or your local mall and just walking around the store. DON’T BUY ANYTHING even if the sales are irresistible. You can even make an exercise routine out of this. The elderly do this all the time and they have experienced recessions in their hay day.
4. Help those whom do not need help during a recession. So you might have heard of companies that are recession proof. So go out and buy your fast food, cartons of cigarettes, a twelve pack of beer, a box of chocolates for your loved ones, Denny’s grand slam breakfast, religion, and a new cell phone ever year. Because those are really the only luxuries we have left to experience during a recession.
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