Saturday, September 6, 2008
Entertainment Speaker (Project 3) - Economy is driving me crazy
AC - Entertaining Speaker(Project III)
Make them Laugh
August 29, 2008
Gas price keeps going up and up like a balloon filled with helium. House price keeps going down & down like a rock falling from the sky.
My favorite toasted sandwich is getting smaller and smaller in size ... but bigger and bigger in price.
Today, I'm going to talk about how this "Economy is driving me crazy".
Gas - Price goes up
Once a week my car turns-on that ORANGE indicator on the dash board and tells me "I'm hungry!" I saw 4.10 per gallon at the gas pump. I thought I'd wait for one more day for the price to come down. The next day, I saw, 4.18 per gallon. I could wait for one more day. But, I don't want my car to die in the middle of highway 101 at the peak hour. I filled my tank in a hurry before they increase the gas prices again.
Have you ever been to Casinos & played in slot machines? To me, the numbers in the price board in Gas station go up faster than the reels of a slot machine.
Gas - How bad the economy is? (Costco Gas Station)
These days, I fill gas in Costco. One year back, when I go to Costco, I saw only the medium income folks with their Hondas & Toyotas lining up at the gas station. These days, I see BMWs & Mercedes in the queue. That tells me how bad the economy is.
Gas - Mileage improvement tips
I thought I should find out ways to save gasoline. Someone said, "If you avoid applying brakes often, your mileage will go up". For the past 6 months, I have been trying that. My car's mileage didn't go up, my insurance premium did! Well, what would your insurance company do, if you had two accidents in 6 months because of not applying brakes?
Stocks - Catching a falling knife
Having gone through all these, I thought, it's a right time to generate some passive income. I decided to invest in stocks. I bought some shares of a technology company. The stock value dropped 10% on the same day. Being new to the stock market, I asked my friend, "Mr. Stocks! Why did the stock go down by 10% on a single day". He said, "Well, the company's revenue didn't meet analysts' expectations. The investors were concerned & hence, the stock price went down".
I waited for the next quarterly results. This time, the company had EXCEEDED the analysts' expectations. But, still the stock price dropped by 20%. I asked my friend, "Hey Mr. Stocks! What happened? The company EXCEEDED the targets but still my stocks went down by 20%". He said, "Well, the company exceeded the expectations. The investors are now concerned that the company cannot sustain this growth rate in the current economy". Come-on, give me a break. I tried to catch a falling knife & my hand is full of blood. Till date, I have lost 50% of my investment in stocks.
Work - Vacation
You would be surprised to know what happened at my work. My company is in cost cutting mode. When times are bad, what will you do? You expect everyone to work hard, right? Well, we got an email from our HR department. "We request all the employees to use their vacation hours". What? The economy is bad. The projects are slipping. They want everyone to go on vacation? Have they gone mad? How is that going to help the company?
Home - Washing Machine
Have you ever noticed this in your life? Good things come like drizzling rain shower. But, bad things hit you hard like hurricanes.
When I was worried at the growing expenses and hurting economy - something happened at my home that was like icing on the cake. I bought a brand new washing machine last year with 1-year warranty. We celebrated the first birthday of our washing machine and the next day it doesn't start. I don't know how they program these appliances to die right after the warranty expires. I paid 50$ for the washing machine spare part and 150$ to the guy who fixed it. He earns twice than what I do for an hour of work.
My valet lost several pounds in the last one year.
Well, the economy has made only a small dent on my life & my dreams. But, there are people whose dreams were crushed into pieces by the economy. I have food to eat, a nice home to sleep and a doctor to go to if I'm sick. When I think about the millions of people who lost their jobs, who do not have money to feed their hungry little ones, who lost their homes in fore closures, who do not have health insurance... I'm better off than these folks. I should thank God for blessing me with this wealth.
God bless America!
Labels: Entertaining Speaker