Just a Quick Update.
This was a weird and unproductive
week for me. After getting stranded in Atlanta by Northwest airlines, I've come down with a
nasty cold. I am mostly recovered but still have the sniffles and a light dry
cough. While I am back to being productive again, everyone I meet is sniffling,
sneezing and coughing.
I've decided to dedicate the entire week to coding for my forthcoming product. I'll post a blog entry or two about building up the product.
I've decided to dedicate the entire week to coding for my forthcoming product. I'll post a blog entry or two about building up the product.
In any event, I had
some downtime to catch up on my email and reading. I also took sometime to ponder the future.
I caught an
interview on cnnfn with an economist that pointed out that the U.S. government
is no longer publishing the M3 monetary numbers (arguably, to suppress the
information). The economist had a chart that showed -- no surprise -- that the
supply of us dollars is ramping up big time.
The banks that run
the Fed are pumping astronomical amounts of money into the economy to ward off a
depression (there are some very simular traits to now and the 1920's). In
addition, I just read about yet another $20 billion loan auction. This means that the dollar will continue to fall against most currencies, making oil more expensive. In addition, the Fed is lowering interest rates which is further suppressing the dollar.
More economists are predicting a recession, although all indications I see that it hasn't effected tech.
So what does that mean for me? It means that my competitors overseas will become more expensive further eroding the price differential. Other than that, we will just have to wait and see.
More economists are predicting a recession, although all indications I see that it hasn't effected tech.
So what does that mean for me? It means that my competitors overseas will become more expensive further eroding the price differential. Other than that, we will just have to wait and see.
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