Tuesday, January 22, 2008

Hi Everybody? Do you like Bears?



Yes Bears, but not the ferocious land mammals or the cuddly cartoon bears. No "Care Bear Stare" here. The Asian economies are entering hibernation. Without funds from the U.S. Mortgage Industry to finance foreign spending, most Asian Economies are going into a "Bear Market," meaning trading in their economies, overall buying and selling of stocks will slow down. Daniel M. Harrison at theStreet.com has written a fact filled analysis of the oncoming Bear Market.

But George what does this mean for us? I thought this was gift blog? It means cheaper electronics! Vendors are going to try to make you spend money by providing deep discounts on normally high priced electronics manufactured primarily in Asia.

No comments: