economy – Matt Soreco

Lets Vilify the Nameless and Faceless

I admit, I fell for a little hating on AIG employees getting bonuses. But something about the anger didn’t smell right. Usually when there is an “outcry” over anything, I usually take a step back. Especially when the outcry is politically charged. I despise politicians when they step their high horse onto their higher soapbox.

Here is a letter from one of the “evil” AIG employees in the NY Times:

See. Not responsible for the collapse. See how it went down? I wonder how many of the screamers and yellers will read that and be embarrassed over the lambasting of all AIG employees. Kinda puts things in context when there is a name and face, no?

Banking and Credit System Explained

This is EXACTLY what I was looking for when I posted Credit – A Pyramid Scheme?

Watch this video series. Wow!

Visualizing a Trillion Smackaroos

I’m a very visual person. Show me charts and graphs all day long.

I was taken aback when I saw this:

Visualizing a Trillion: Just How Big That Number Is?

Think about that when you hear “trillion” thrown around so casually by our government.

Yikes, talk about being extended.

Charts: U.S. Debt Expanding, Homeowner Equity Crashing

Abundance, Rate of Production?

This post is more of a note to myself to do some reasearch on this.

I just saw that Home Depot has posted a loss. I have to think some stores bring this upon themselves. I think they can be profitable, but their location strategy might be working against them. I live in Levittown, NY, and I have 4 Home Depots in easy driving distance (East Meadow, Farmingdale, Freeport, and Westbury). There HAS to be something wrong with that. Throw in 3 Lowe’s in just as easy of a drive (which there are), and there is definately something wrong with that.

“Gee Matt, which one of the 7 home improvment warehouses should I go to today? If I had a coin with 7 sides, I’d flip.”

I’m just guessing, but their margins are probably pretty thin when times are good. And when times are bad, well then they are stuck with a whole lot of inventory in too many stores.