Friday, 17 July 2009

Clueless

Breaking News Alert
The New York Times
Friday, July 17, 2009 -- 8:19 AM ET

Citigroup Reports $4.3 Billion Earned in Second Quarter


Citigroup posted a second-quarter profit of $4.3 billion on
Friday, beating analysts' forecasts.

I now get breaking news alerts from the NYT on my email. It strikes me that now I am so baffled by financial stuff I don´t know whether I should be apoplectic with rage at this particular bit of information, or delighted.

I doubt that I am alone in this.

2 comments:

Laura said...

And Bank of America earned 2.4 Billion...I don't know how to feel either - I was counting on you to shed light on that!

Cora said...

Paddy, My grandparents lost big time during the so-called Great Depression. They went from comfortably wealthy to broke in a short time due to heavy investment in the stock market. As a result my dad preached "never buy stocks" to me from the cradle. I still own stock certificates granddad owned in local endevors, like a racetrack and a brewery. All they are now is pretty paper. We kept them to remember their good old days I guess.
Anyway, I agree we ought to hang some of the bastards from the lampposts. Thye bankersof this world have been bankrolling both sides of every conflict for generations. Dad often said, "If there is an economic downturn, someone will start a war to stimululate the economy." I didn't believe him when I was a kid, but now it looks like he was right, except that these wars we're in are simply draining us and are not at all winable. The only ones wining are the bankers, again.
Cora Lee