Archive for September, 2008
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09.30.08
Advertise on Iowadawg’s Blawg
Debated about whether I should open up my blawg to outside advertising. And once I decided to do so, spent a few days honing some kind of advertising that would be worthy of my blawg. And of course to have an advertising plan that would be a plan that advertisers would love and could accept. So this is what I came up with:
All advertising is sitewide.
125×125 banner space, for the rest of 2008 and for all of 2009!
$50.00 one time fee.Anchor text and url, for the rest of 2008 and for all of 2009!
$39.00 one time fee.Top bar there are 4 open spaces at present. Anchor text of 2 words only , url and description of 3 words only.
For the rest of 2008 and all of 2009!
$75.00 one time fee.468×60 banner in rotation above first post.
For the rest of 2008 and all of 2009!
$39.00 one time fee.If you would like to advertise on the Iowadawg Blawg, feel free to email me with the advertising option you want. I will answer you back with my paypal address for you to pay for the option you want and to also get your desired advertising code.
Email Iowadawg for Advertising
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Was doing more reading on the nice financial mess we are in. Came across this article from the Chicago Tribune. I will just inset the first few relevant paragagraphs. You can go to the full article at the link below the paragraphs.
| Chicago Tribune reporters
September 30, 2008
Hearing some of the dire predictions for an economy struggling to avert a financial collapse, it’s easy to recall 1930s photos of people huddled in soup lines or traveling the country for work and wonder what a depression would look like in the modern world.
Experts say that won’t happen. Yes, banks are failing and the stock market plunged Monday. And yes, there is genuine concern that regardless of the government’s $700 billion bailout proposal the United States still could land in a severe recession, with more business failures, higher unemployment, an even weaker housing market and depleted retirement savings.
But despite the alarms, including dire warnings from President Bush, economists insist there is no risk of a second Great Depression because, for some time now, the U.S. economy has been in the midst of a very different, less threatening phenomenon: “the Great Moderation.”
Coined by a Harvard economist earlier this decade, the term refers to a U.S. economy shaped by more flexibility and far less-volatile swings in growth. That flexibility, fueled by everything from financial deregulation and global trade to the shift toward a service economy, will keep the nation from sinking into a depression.
Read the full article here: Depression unlikely but a recession would hurt
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Well, yesterday was a great day for those who do not want the bailout to happen. Of course, the dow reacted just like a bunch of lemmings going off a cliff. Just because wall street will not get (at least so far) their money, they went into a selling frenzy and knocked down a lot of good stocks in the process.
Most if not all mutual funds, pension funds, and other type of funds started unloading their financial holdings in banks and other credit companies to get cash to put somewhere else. Seems those managers do not want to be the ones left holding the bag on companies with tons of bad paper and losses.
So here are some links that will try to help you understand the mess we are in and what the bailout means (it will happen, no one knows just what it will entail). Also some history of the last government bailout of the Savings and Loan companies back in the 1980′s. Remember that mess, as one day went to my bank at the local Kroger store and poof! They were closed, just a sign that said “We are Closed”. Even the atm machine did not work. I and my wife at the time played hell trying to find cash to pay bills, etc. That is the main worry right now, will our bank, your bank, be in business today, tomorrow or next week? Will I and you be able to access our money?
Credit Default Swaps: The Next Crisis? – TIME
FDIC: The S&L Crisis: A Chrono-Bibliography
Special Report: The Savings And Loan Crisis – TIME
Wall Street In Crisis – WSJ.com
McCain, Obama back Bush warnings of severe consequences
Dollar soars as Europe mops up banking messes
Crude rises as traders keep eye on Washington
Fed still has some credit tools it can use on its own
AT&T’s Stephenson: credit crunch crimping company
Lawmakers scramble to revise bailout bill
Banks in miser mode send borrowing rates soaring
Bailout bill defeat could cause painful recession
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09.29.08
Markets Going Down Fast
We went to Des Moines this morning to visit our dear Aunt Louise. She is looking and feeling a lot better now. Then went grocery shopping and got the van filled up. Gas was $3.229 a gallon this morning. Figured might as well fill up now as wait a few more days.
Came home and started checking the big government bailout and how it was coming along. Well, it aint going nowhere it seems at the present. So here are some current links with what is going on.
http://www.chron.com/disp/story.mpl/front/6028855.html
http://www.chron.com/disp/story.mpl/headline/biz/6029883.html Oil falling!
http://www.chron.com/disp/story.mpl/headline/biz/6030134.html Treasury will do what it can!
http://www.chron.com/disp/story.mpl/headline/biz/6029977.html Bailout rejection throws credit markets in turmoil