State of the Debtor Union
Some exciting stuff happening today in the worlds of buying and selling. Let Mr. ToughMoneyLove tell you about them.
First, Apple is finally going to tell us all about its latest must-have product offering. This will have gadget freaks and the Apple-brand obsessed running for their credit cards to be the one of the early adopters.
I’m a skeptic and cynic when it comes to these announcements and Apple’s overpriced products. I even resisted the siren call of the i-Phone. Can you believe it? As an engineer and patent lawyer, I admire technology and make my living protecting it. But I finally got over the need to own it all. Have you? If not, read the post I wrote on how hedonic adaptation prevents us from achieving true happiness from our gadget lust.
Anyway, if you want to follow an Apply-savvy techie as he blogs the announcement live, check out these guys at ZDNet. (P.S. There is now a rumor that the product ship date has slipped to June. OMG!)
Returning to more important matters, the Federal Open Market Committee meets today and will likely have an announcement early this afternoon about interest rates and related matters. Check any financial site for that news and watch the stock and bond index tickers for market reaction. Or do both at once at Google Finance.
Finally, tonight our President will attempt to re-capture economic high ground with his State of the Union Address. I think the President’s intentions will be good but I don’t believe our Congress will cooperate with anything that involves serious deficit reduction. The Democrats are now living in such fear of being “Scott Browned” in the next election that they won’t easily surrender their “bring home the bacon” spending attitude. Instead, look for more “job stimulus” talk.
Here’s a little national debt monitoring gadget that you should watch before and after all of the political hot air escapes. The numbers you see are not for the faint-hearted but at least you will know how a big chunk of your tax dollars will be used for the rest of your life.
Or you could skip all of the goings-on and make some money doing your job and planning your financial future.