Don Park’s Daily Habit

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  donpark 6:44 pm on October 28, 2008 Permalink | Reply
  Tags: economy   

  New Economic Solution: Whining 

  I was wondering how Paulson throwing money at banks would unfreeze the credit market. Looks like the answer is whine until bankers can’t stand it anymore. Ridiculous. What’s next? Accuse banks of being anti-American unless they lend?

  IMHO, it makes more sense to measure each bank’s lending practice and adjust central bank lending rate for the bank. In essence, it’s a measure of how much leverage a bank offers over US economy. I think it’s reasonable that banks that offer the government more control over US economy should get lower lending rate over those who offer less.

  To banks, this change would just introduce a new business factor to consider instead of the political and bureaucratic mess being thrown at them now. Banks know how to deal with business problems, not the other.

  Adron is discussing. Toggle Comments

   
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    Adron 9:53 pm on November 4, 2008 Permalink

    The only crux is, the more the Feds meddle, history would show that in the US at least, the longer our recesssions (depressions) last. It’s a nasty reverse catch 22. IMHO the banks shouldn’t be lending money at such low ball rates anyway considering the fiat currency we have setup.

    It would be nice, to have some type of honest money system vs. the fiat debt based system we have now.

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  donpark 8:27 am on October 16, 2008 Permalink | Reply
  Tags: business (2), General (3), market, stock   

  Looking for the Bottom 

  Despite the long (well, sure felt long) decline and bounces, I am still all cash. Throughout the rollercoaster ride, there were many luring moment but none felt true because I don’t think it’s the bottom when people are still joking and ranting about the market. To me, it’s bottom when no one wants to talk about the market.

  When? I think the start of the last leg of the journey is about to start. It’s kind of funny that, while people know what’s happening now is a global crisis, many don’t fully realize what that really means. Imagine what would happen when practically every aspect of world economy shrinks by 1/3. That’s what’s happening now in the stock markets which is, in essence, the mirror reflection of the business world.

  The bottom will be where the reflection meets reality because people won’t be crying wolf anymore when it’s sitting right in front of them, drooling.

  Adron, donpark, and eric are discussing. Toggle Comments

   
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    eric 10:24 pm on October 25, 2008 Permalink

    i’m out there catching falling knives, so you don’t have to

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    donpark 2:37 am on October 26, 2008 Permalink

    Yeah, I saw your dodging moves. Heh. My time to dance with knives is not far away but it’s difficult to let go of worry-free Zzzzs.

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    Adron 9:55 pm on November 4, 2008 Permalink

    Ditto. When no one wants to speak about it, that’s when things have bottomed out. Well written.

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  donpark 8:20 pm on October 12, 2008 Permalink | Reply
  Tags: election, mccain, obama (2), objectivity, politic   

  Media Bias Against McCain, Palin? 

  While I am solidly in Obama/Biden camp and see McCain/Palin’s recent attacks against Obama as disturbing trendwise, I am also disturbed by apparent general bias in the media against McCain and Palin. It’s not unlike tech media’s obsession with anything Apple makes.

  What I am not sure about is whether the bias is in the selection of news media I consume or not. If yes, I should balance my news diet, consuming more from the ‘otherside’. If not, it’s amazing that Obama has only 5 percent lead over McCain. Either way, it’s annoying that objectivity in news is being decentralized to news consumers.

  Adron, and donpark are discussing. Toggle Comments

   
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    donpark 11:12 am on October 13, 2008 Permalink

    oops. make that 10 points.

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    Adron 9:58 pm on November 4, 2008 Permalink

    By almost any measure, the bias has been getting more and more extreme.

    Even though in radio it is all “right wing”, in news channels (CNN, etc) it’s very left wing, and even in print media in is left wing. Then you get to the Internet and it strangely steps pretty far away from left or right, mostly putting the onus of low approval on the left and right – or more appropriately the Republicans and Democrats.

    I’m of the later camp, as I’ve stopped watching TV news, reading the newspaper, and listening to the radio. I’m all Internet all the time now. Which means most of what I read is exactly what you’ve written, very middle of the road or extreme middle of the road – often a large Libertarian presence follows too.

    …all so strange really.