Sado-masochism

2 Apr

You have to be a sado masochist to read the news these days. Each news inflicts more pain and no gratification.

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Which brain is better….

23 Mar

Which brain is better?
The average use of a brilliant brian or the brilliant use of an average brain.
Your thoughts……….

How comfortable are you negotiating……

24 Nov

What are your major concerns in this economy?

12 Nov

The economic situation is deeply disconcerting. This is just a poll to identify what the major issues.

Should we UnPresident George Bush?

3 Nov

The political season is now coming to an end. In two days the election will be over and we will get back to our daily unexciting lives. The last few months has been exciting. The economy crashed, the politics interesting and SNL has been great. Once we find out who the next President is, there is no more suspense left. It is like the day after the superbowl or the day after the MLB worldchampionship. We will have to wait for a few months for the inauguration which is like a parade for the champion. Here is where it is different from sports. It is after the victory that the new President has to start doing the job that he promised us the last 21 months. Don’t you think that it is absolutely crazy that a person has to work only after wining. We should create a run of  where we vote on confirming the title only after the term has been completed. This way we can decide not to confirm someone who did not do their job. We should also be allowed to vote on their salaries, bonuses and retirement package. This way we reward the person for a job well done or just do a cost of living adjustment for the under performing one. Let me know your thoughts.

The Bailout!

4 Oct

Finally, the Congress passed the bailout bill. I, as everyone else, have been thinking about the bill and the consequences of not passing it the last few weeks. I do not know what is right but this is what comes from my heart.

We are today a country of angry citizens because we have been put in a situation that is not our doing. We are today a country of frightened citizens not knowing what tomorrow brings. We are today a country of outraged citizens that a government built on so many checks and balances failed in protecting our finances. We are today a country of worried citizens not sure whether we will have a job tomorrow. We are today a country of incensed citizens that people in charge to the till robbed us blind in front of our own eyes. We are today a nation of infuriated citizens that the people who robbed us blind were bailed out today at our expense. We are today a country of enraged citizens that the very people who robbed us are now in charge of the bailout disbursement. We are today a country of furious citizens that we will probably be electing the very same people who belied our trust to continue the same policies as if nothing happened.

We are today a country of wiser citizens who will hopefully make wiser choices and judgements in the future.

Wall Street collapse – adversity or opportunity?

29 Sep

A miserable day on Wall Street! The Dow collapsed after the bailout plan was rejected by the US House. A part of me knows that we need the bailout plan to save the economy from further deterioration and parts of me disagree with the bailout.

 

The bill will ultimately pass but not before further discussions, bickering and political posturing. This will drive the Dow to lower levels it has not seen in some time.

 

Unfortunately, the common man does get affected by this though on the face, it appears like a Wall Street bailout. We all have our 401Ks and other investments in stocks and mutual funds. With the Dow crashing the value of these investments also drop.

 

Initially it was the mortgage companies, now it is the banks and insurance companies collapsing. With each collapse thousands of honest, hard working employees lose their jobs.

 

What is the solution to this mess all of us find ourselves in? Nobody has an answer today. However, we need to be optimistic. In adversity lies opportunity. We should keep our eyes peeled and seize every opportunity that comes our way. One of those opportunities is bound to reward but will take perseverance and hard work. So folks, roll up your sleeves and start hunting!

Group Buying!

27 Sep

In our group buying model many people get together and negotiate discounts. For example, if one camera costs $200, then the seller would be willing to sell two for $380, three for $520 etc. In this model both the buyer and seller win.  It is not necessary to have a very large group to negotiate discounts. With as little as three or four buyers you should be able to negotiate a satisfactory discount. However a larger group will always be able to negotiate larger discounts.

Each buyer, even if they buy the same item, have slightly different preferences e.g. someone may like a red camera, somebody blue, yet some others black. However, as long as the items bought are same or similar the group will be able to negotiate a discount.

We have launched just such a product. At www.thebuyersnNET.com you can form a buying group of same or similar items where you can have individual variances to suit your individual taste and style. A person buying a refrigerator can also team up with a person buying a dish washer and negotiate a discount.

The buying group can exchange ideas wnd invite many sellers of their choice to bid on their club business and then negotiate them down further using the negotiate feature. The whole process is fully automated. There is no exchange of money between buyers and all payments are made through the website directly to sellers. You money is safe.

So join and enjoy a unique buying experience that strengthens your buying power at www.thebuyersNET.com! Get together, buy together!

The 700 billion dollar questions of the day!

26 Sep

These questions come to mind in no particular order.

  1. Deal or no deal?
  2. Stalemate or stupidity?
  3. Politics or priorities?
  4. Waylaid home owners or Wall Street vandals?
  5. Debate or no debate?
  6. Save them or sink them?
  7. Recession or recession?

Nikon Coolpix buying club!

23 Sep

I have formed a Nikon Coolpix buying club on www.thebuyersNET.com. The club will accept a total of five members. Once I have the required members, I plan to invite sellers to bid on my club business and negotiate discounts. In this current environment, a penny saved is a penny earned. With sales being down and going further south, it is the best time to ask and discounts on any product. It is possible that the club may get discounts far beyond what is currently being advertised just to increase sales volumes.

One huge advantage is that the web portal takes care of the money transactions. Members are not expected to pay other members to complete transactions. As the transaction process is very transparent it makes the process stress free. Come and join me and let us negotiate a big discounts

How do we survive this financial crisis?

22 Sep

Ever since the systemic financial crisis has enveloped the markets, I have been wondering what steps should I take to survive the crisis. I listen to sthe so called experts but I never seem very convinced. These are the issues that I have:

  1. The government has spent about $800 billion on buy outs and has asked another $700 billion to “resolve the situation”. Total $1.5 trillion.
  2. The government has no other choice but to issue more debt to pay for this. This makes the national debt in excess of $11.3 trillion.
  3. This would result in the devaluation of the US dollar thereby making everything that we buy more expensive.
  4. This additional debt has to be repaid in some way or form by residents of this country. Would it result in higher taxes? Possibly.
  5. I am told to buy Gold or Silver but can barely pay for gas and make ends meet.
  6. If I stop paying the mortgage would I get a bailout like Wall Street gets?
  7. Do you stop paying my credit cards?
  8. Or should I file a Chapter 11 reorg and proportionately write down my debt?
  9. Is my job safe in the current environment?
  10. Why am I having to worry about issues that I did not profit from?
  11. When Wall Street was doing all this, I was told that the economy is strong while my personal economy steadily weakened. Now why is it my problem? Why do we have to bailout anybody when no one bails me out for my foolish decisions.

I would greatly appreciate your views and thoughts.

The people behind the financial mess!

21 Sep
  • Richard S. Fuld, Jr. – Chairman & Cheif Executive Officer – Lehman Brothers – Total compensation $71.2 million; 5 year compensation – $354 million. Ranks # 11 in compensation.
  • Alan D. Schwartz, President and Chief Executive Officer, Bear Sterns, compensation of $35,734,422, which included a $16,237,150 bonus.
  • Stanley O’Neal, Ex- President Merril Lynch, severnce package – $161.50 million
  • Charles Prince, Ex-CEO Citibank, severence package – $68 million
  • Martin Sullivan – Ex-CEO AIG, severence package – $47 million
  • Daniel H. Mudd – Ex-CEO, Fannie Mae, 2007 compensation $12.2 million
  • Richard F Syron – Ex-CEO, Freddie Mac, For 2007, compensation approx. $19 million

What is a 24 hour club?

19 Sep

We have created a simple concept called the 24 hour club on www.thebuyersNET.com. Any registered seller gets to post deals that are better than the current market price for one day.

How does it benefit the buyer?

The buyer gets a low price that he will not find anywhere else.

How does it benefit the seller?

The seller gets to sell multiple units of the same item in 24 hours thereby reducing transaction costs that he can pass on to the buyer.

It is a win-win situation for everyone. This is what the core philosophy of thebuyersNET.com is all about. The buyers get lower prices and the sellers make volume sales.

So join thebuyersNET.com for a brilliant new shopping experience (www.thebuyersNET.com).

The new PC guy!

18 Sep

Microsoft is coming up with its own version of the PC Guy. A Microsoft engineer, Sean Siler, is playing the role. Jerry Seinfeld and Bill Gates did nothing to shake the staid and stodgy image created by Apple’s PC Guy. On the contrary, they helped Apple by confirming the perception of a PC.  How the new campaign will shape up is not known but from an ad watcher view point it definitely makes it more interesting.

Does anyone know what to do?

17 Sep

The Senate Majority Leader, Harry Reid, confirmed my suspicions today by saying “No one knows what to do”. There is plenty of blame to go around for today’s mess that we find ourselves in. The Administration, the Senate and the Congress all are equally to blame for letting the situation go so totally out of hand.

The unregulated financial institutions have created a house of cards that is tumbling today at the tax payer expense. The men behind the flawed decisions go home with a golden parachute and it is the ordinary employee who struggles to balance his budget paying for it. And somehow the trickle down economics is sold to us repeatedly.

We have ourselves to blame too. When loans were easy to get we borrowed indiscriminately hoping to make a quick buck on capital appreciation. We forgot the all important “Live within your means” adage.

The past few weeks we have seen major institutions being taken over by the government or “nationalized”. This is a tax on the common man to bail out major corporations (and the individuals behind them). It is the tax payer money that is being spent on irresponsible judgements of a few powerful individuals more intent on lining their pockets.

Now the law makers and Mr. Greenspan tell us it is once in a century phenomenon and they don’t know what to do.  We know what to do. Establish accountability. A free economy can remain free only when individuals and institutions remain accountable for their actions.

We don’t need a big government but we do need a smart one. We don’t need empty rhetoric, we need action. We don’t need politicians telling they will “fix Washington”, we need someone who can make Washington proud. Vote wisely and make USA proud in the coming election. God bless America!

Group buying – made simple

16 Sep

We have been working on developing this site for the last two years. Finally we have reached a point where we can now invite consumers to use it.

Everyone knows that you can get lower prices when you buy in larger quantities. To make this happen, we have created a portal where you can form your own buying clubs, invite your friends and family to join in or join in with other members. You can do this for expensive electronics, computer systems or even day to day items like groceries, diapers or organic produce.

Once you have the desired quantity, invite sellers to bid on your club business and negotiate from the point of strength. Exert your combined buying power to negotiate volume discounts.

Go ahead and try it at www.thebuyersNET.com and let me know what you think. Our mantra is “Get together, buy together!”

Sleezebag Millionaires!

9 Mar

The latest Wall Street Production starring:

  •  Bernie andRuth Madoff – $50 billion and counting
  •  Art Nadel – the Florida Ponzi artist – $350 million stolen
  • Allen Stanford of the $8 billion Stanford Bank fame
  • Nicholoas Cosmo – the NY scamster – $370 million

Technical assistance provided by the Securities and Exchange Commission.

Politics and Economy

10 Oct

Politics and the economy are in the forefront of everyones mind these days. The two words have also become fairy inter-twined. Gone are the good old days where the President’s morality was more important than a President’s intelligence.

Probably the market is capitulating as I write this. Hopefully, we are near the bottom. The Fed has done more after the problem started then it ever did before the problem began. Greenspan had called the housing bubble a froth in 2005. I came across an article by Mike Whitney (http://www.counterpunch.org/whitney08172005.html) in 2005 that speaks very lucidly about the potential of the disaster.

Much has been said and written about this disaster. For the next fifty years this meltdown will be discussed by notable management schools like Harvard, Yale and the like. Hindsight will identify the problem and discuss measures not to allow it to happen again.

We are living in a time of historic happenings. Neither your name nor mine will make the history books but we are the common people that history will talk about. We are the common people who lost our homes, lost our savings, lost our lives as we knew it. The words meltdown, bailout, derivatives, credit default swaps will all be the jargons used to describe the event. Movies will be made, there will be documentaries, personal videos on you tube, thousands of blogs like this one will be written.

This is a new beginning. A different world. A new financial system. We are just getting into the new reality. We will learn and adapt very quickly and this will be a distant memory. The elections will be over. There will be a new President. The spin will start and we will all glide along into the beginnings of a new bubble. Be smart everybody. Don’t get fooled this time around.