And I feel fine.
Ready? Let’s go: IT spending is down:
But wait, it gets worst: we’re headed towards Great Depression II, apparently, here are 30 reasons why:
America’s credit rating may soon be downgraded below AAA
Fed refusal to disclose $2 trillion loans, now the new “shadow banking system”
Congress has no oversight of $700 billion, and Paulson’s Wall Street Trojan Horse
King Henry Paulson flip-flops on plan to buy toxic bank assets, confusing markets
Goldman, Morgan lost tens of billions, but planning over $13 billion in bonuses this year
AIG bails big banks out of $150 billion in credit swaps, protects shareholders before taxpayers
American Express joins Goldman, Morgan as bank holding firms, looking for Fed money
Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states
State revenues down, taxes and debt up; hiring, spending, borrowing add even more debt
State, municipal, corporate pensions lost hundreds of billions on derivative swaps
Hedge funds: 610 in 1990, almost 10,000 now. Returns down 15%, liquidations up
Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns
Fed also plans to provide billions to $3.6 trillion money-market fund industry
Freddie Mac and Fannie Mae are bleeding cash, want to tap taxpayer dollars
Washington manipulating data: War not $600 billion but estimates actually $3 trillion
Hidden costs of $700 billion bailout are likely $5 trillion; plus $1 trillion Street write-offs
Commodities down, resource exporters and currencies dropping, triggering a global meltdown
Big three automakers near bankruptcy; unions, workers, retirees will suffer
Corporate bond market, both junk and top-rated, slumps more than 25%
Retailers bankrupt: Circuit City, Sharper Image, Mervyns; mall sales in free fall
Unemployment heading toward 8% plus; more 1930’s photos of soup lines
Government policy is dictated by 42,000 myopic, highly paid, greedy lobbyists
China’s sees GDP growth drop, crates $586 billion stimulus; deflation is now global, hitting even Dubai
Despite global recession, U.S. trade deficit continues, now at $650 billion
The 800-pound gorillas: Social Security, Medicare with $60 trillion in unfunded liabilities
Now 46 million uninsured as medical, drug costs explode
New-New Deal: U.S. planning billions for infrastructure, adding to unsustainable debt
Outgoing leaders handicapping new administration with huge liabilities
The “antitaxes” message is a new bubble, a new version of the American dream offering a free lunch, no sacrifices, exposing us to more false promises
I’m loving it. The Stock Market is supposedly the great wealth equalizer… so it’s nice to see it’s also the wealth destroyer that creates a level playing field.
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WatchMojo NewsletterWhat is wrong with this image? This is what I am greeted by on MSN.com:
1 - Well, for one, I am not sure that “stocks in turmoil” is breaking news, the last year has been nothing short of abysmal.
2 - Second, isn’t American Express having difficulty paying its own bills because of loose lending practices? Should it really be doling out more credit within 60 seconds?
3 - No wonder the economy is in the crapper and we’re shopping at Walmart.
What’s this world come to?
This is something I’ve been pitching more and more ad networks to do: use their reach to promote branded content, be it product placement or integration. My idea was never an outright sale, but a partnership where the ad networks would pitch the ideas, we at WatchMojo.com would create the pieces and then the networks would blast the videos across their networks, in turn giving a piece of the pie to the publishers… who could then promote the videos in editorial placements (the content I envisioned would actually be informational).
With the economic slowdown affecting display advertisement, heavily-backed AdConion is diving into the space with the acquisition of a digital studio. I am sure many more will follow; while technically numbering hundreds if not thousands, ad networks have always historically moved in tandem and act as an oligopoly.
With video content being at the center of the Web for decades to come, and marketers rejecting UGC, I fully expect other players like Tribal Fusion to do something similar in the weeks and months to come.
I think the challenge here is to make content that is actually informational and useful, it is too easy to create simple ads as content pieces that no one will care about, let alone watch.
A 14-year-old girl survived 118 days with a machine in control of her circulation, and no heart in her body. After a failed heart transplant in July, the teen was kept alive with two electronic pumps. She was given a new heart on 29 October. Read more…
