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Saturday, October 11th, 2008 01:36 pmOh. I also intended to mention how when I start reading about financial stuff - Wall Street and the like - my eyes generally glaze over after a few minutes, and I have a hard time making, or even wanting to make, sense of it. I understand about personal finances, and about not spending more than you earn. But all this stuff about different kinds of securities, and about the market driving up the worth of a company, and credit rates, and such... it is foreign to me. I expect a company's worth to be based on the quality and quantities of the products that the company produces, and whether or not they are able to sell those products and make a profit. Not based on market volatility, and what investors think from one day to the next about the company's future, and whatever other complex things go on like that. It doesn't make sense to me when I read about investors buying things which don't exist yet, with money they don't have yet, and of selling those things, and making a profit.
I would like to understand it, but it takes effort to focus on it and keep my attention from wandering elsewhere. At work, when they talk about finances and how our division is doing fiscally, I let the words breeze over my head. I realized long ago that the only thing which directly affects me is whether I still have my job and work to do, and that I'm still being paid for doing it. Whether or not the overall numbers are in the red or green or black, doesn't matter to me... In the meetings, they would always bring up numbers which made it sound like things were real bad financially, but right afterwards, or maybe next week, they would bring up some other numbers which made it sound like we were doing fine... I learned to ignore all that; it wasn't worth trying to make sense of it. Obviously it is important to the people running the company, to keep making profit, but that's not my job.
Regarding the bailout... I've wavered between thinking that surely the experts know what's best to do, since I am quite aware that I do not understand all that financial stuff and how it will end up affecting the economy, and between thinking about how disgustingly large an amount, 700 billion dollars is.
I would like to understand it, but it takes effort to focus on it and keep my attention from wandering elsewhere. At work, when they talk about finances and how our division is doing fiscally, I let the words breeze over my head. I realized long ago that the only thing which directly affects me is whether I still have my job and work to do, and that I'm still being paid for doing it. Whether or not the overall numbers are in the red or green or black, doesn't matter to me... In the meetings, they would always bring up numbers which made it sound like things were real bad financially, but right afterwards, or maybe next week, they would bring up some other numbers which made it sound like we were doing fine... I learned to ignore all that; it wasn't worth trying to make sense of it. Obviously it is important to the people running the company, to keep making profit, but that's not my job.
Regarding the bailout... I've wavered between thinking that surely the experts know what's best to do, since I am quite aware that I do not understand all that financial stuff and how it will end up affecting the economy, and between thinking about how disgustingly large an amount, 700 billion dollars is.