Skip to main content

Don't Cry Over Spilled Milk

Trying to get a handle on the World Economy is like trying to understand the human mind impossible.  No one person can ever understand the true nature of the scale of the macro economy, due to outside forces of supply and demand which also includes the black market, discovery and invention, and natural events.  We are all very familiar with the collapse of civilizations such as Chaco Canyon.


Civilizations fall apart due to war, famine, lack of water, hurricanes, earthquakes and civil unrest.  While many feel that is happening to the Untied States today as of this post even with the looming crisis with North Korea I do not see this happening.

The economy today for the United States is very stable thanks to the 6 year expansion under a Democratic administration, which although a slow recovery from the worst economic depression since the great depression, and no I will not call it the great recession; I call it the great depression because of economic factors due to stagnate wages, housing costs, foreclosure rates and job loss that continued after housing crash and government bailout.  September 2008 was the start of a long a road ahead for many myself included.  Just like the great depression which was not caused by the stock market crash of 1929, but by failed Republican policies of Herbert Hoover.  The great depression of 2008 was a result of the Clinton administrations removal of the Glass Steagal act and theft of corporations in the early part of the century that ensued.  Wall Street, the Justice Department and the main stream press may not hold then accountable but I do. Full article on that at later date.

Where is the economy going?  I think stagnant, while we are into the recovery and the new Presidents economic year starting October 1rst, 2017 I don't really see any major upheaval that he will accomplish that will change the course of the current economy.  The Fed will probably raise interest rates again in December but I do not foresee that sparking any type of inflation.  What we need to look at is what is actually going on around the country that will affect this stagnation that I claim.


Why stagnation if the economy is growing?  By the way what is with that title what does spilled milk have to do with the economy?

The recent climate events we have suffered with Harvey, Irma, Maria and wildfires in west and other places like Tennessee all have an economic impact on our daily lives, the population centers that were effected.  Loss of income, homes, displaced families, over all rise in gas prices effects the cost of what you pay for everything, did I say everything?  Tourism loss, agricultural loss, gas and oil production loss, every one of them effects everything you buy every time it affects price of gas.  Basic supply and demand.  Except for one thing milk at least this year.

Yes milk, the United States has been producing more milk than it consumes; 3 billion pounds a year.  There is so much milk being produced farmers are dumping it because they have no way to process it.  Especially in Michigan where 97% of the farms are still family owned.  What a tragedy if only that milk could be given to the children of Flint, Michigan or the hurricane survivors.  Milk must be pasteurized by law before consumed.  Now this may not stay that way forever, with our current President making waves to end the NAFTA deal, you could see the price of milk sky rocket since Mexico is our largest importer of US milk.  Let's hope that is not the case as more Americans are returning to milk since the saturated fats they contain are not as harmful as it was made out to be by comparison to hydrogenated oils.  But the purpose of this article is not to debate which is better for you only what the economic trend regarding how Americans are viewing these products.

So while there may be a bit of a market correction in October, do not panic, if world events cause the market to go into a downward spiral, I can assure you I will let you know what I believe will happen.  In the meantime go have a glass of milk.

"One World Ready or Not" - The Manic Logic of Global Capitalism by William Greider (Yes Josh found my William) Not for the faint of heart and if you want a really good book to fall asleep to this will do.  However this book was written in 1996 by Greider and everything he speaks about the world economy comes true.  The most alarming thing is how he speaks of the rise of China in 2012 (He was wrong it happened in 2004) but he is accurate regardless.  I truely respect him as one of the best Economists in the world.


Donations: Paypal: williamswallstreet@gmail.com this is meant for entertainment and educational purposes only investments and purchases are your choice and I always recommend speaking with a licensed financial advisor before making any investment decisions.

Comments

Popular posts from this blog

What is the Trumpty Dumpty Poem? Question from Readers Richard & Shannon

Richard & Shannon of Albuquerque, NM I am glad you asked that question.  I can see that the over 1,000 times I have posted this to social media it has seemed to take of and obviously I am able to borrow this graffic from someone who copied my poem.  I have seen variations of it but I can assure you mine is the original it dates dack to around March of 2017.

I did however not coin the phrase Trumpty Dumpty this was done by another Albuquerque resident that called into my friend Radio Talk Show host Norman Goldman (we met through our mutual friend Ed Schultz who just recently passed R.I.P.) you can listen to his show on AM 1350 in Albuquerque from 4-7pm Mountain (for the rest of the country check his website).  I wish I remembered the ladies name.  I first posted the peom on my Facebook page the day after the lady stated it on the show so if anyone claims copyright I can prove them wrong I wrote this enjoy"

"Trumpty Dumpty wants to Build a Great Wall"
"Trumpty Dum…

Homeless and Living with Covid 19 ~ My Personal Story

So I was diagnosed with Corona Virus on May 25th, 2020 at Martin Luther King Hospital in South Central Los Angeles. I arrived at the emergency room at 8:00am in the morning, after being triaged they suspected myself and two other gentlemen from the sober living recovery home where I was staying did indeed have the virus. So while we waited for the results which would take two hours I was scared my worst nightmare would come true I would have it, be homeless again and tossed out into the street.
     The two hours was an excruciating long time I was petrified, scared and facing the overall fact this may be it I might die. Then I remembered I have been through this before.  The first time I went in for my AIDS test back in 1986 after having been all over Europe and with many a man, I was back in my hometown in Waukesha Wisconsin and was the first ever patient at Waukesha Memorial Hospital to have the AIDS test administered. The girl in the laboratory was my friend from high school…

Liars and Buyer's and Bear's oh My!!!!!!!!! The Dow drops another 1000 points!

VS. 

If you have read my previous articles over the last couple of days I said I would be more worried if the DJIA corrected 2600 points in one day (10%)  well as of today that leaves us around 2,100 points off last week Wednesdays open.  I am still not in a panic and here is why:
Bulls vs. Bears
I'm looking at you right now stop talking to your dog and trying to make his head tilt to the side so you can do the Scooby Doo voice and say "Huh?"
What are they? Why do people on Wall Street keep referring too all these Bull markets, all these Bear Markets?  Why do people on Wall Street go South most of the time, North every so often but never East and West? These are terms that Wall Street users identify certain periods of time.  A "Bull" market is one that is charging upward (like a Bull lifting its horns upwards no end in site) while a "Bear" market means things are on the way down (like a bear striking with its claws downward)  this is also considere…