Thursday, March 05, 2009

Learn something new each day

I end up with some long hours at work that are ... well quite bluntly put, very quiet. I wouldn't say boring really. But I've gotten into a habit of listening to public radio.

I think that is good. I'm learning things and following our country's economic and political doings.

Well, these days it can almost be depressing. What I did NOT know is that our country has been through this before more than once.

I found that quite interesting.
In fact several times our country has been through 'panics' and 'depressions'. I found this interesting page from History Box The Panic Of... It makes for some head scratching reading.

Is this a cycle of good times and bad? I don't know what the future is going to bring.

New terms learned today.

Zombie Bank
Zombie Business

Old terms that make me go huh??

Toxic Assets

Why don't they just call them what they are?
Bad loans.

or a new term that they were trying to give it
Pre-session, Cre-session [credit recession]

I know this. I do appreciate where I work and the fact that I am working. For this I am grateful.

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