Sargent Appliance

Herb Sargent was one of the first writers of the original Live "Saturday Night" and was most often known as "Father Guido Sarducci" a character he played on SNL as well as an alter ego that 'he maintained throughout his life on television and comedy clubs and recordings. I think of him with any mention of the economy today. He had a famous skit, called the "University 5 minute". The premise of this university was to teach you in 5 minutes, everything that you remember your college five years after graduation. For example, it has taught you what you remember if you took como esta usted Spanish ...." "(how are you?) In business, he taught the principle that you only buy an item and sell it for more money and why I think of him in relation to economics, he taught that respect for all supply and demand. Although this routine has been around for over 30 years, it still echoes the truth. In truth, the fundamental principle of economics is that of supply and demand. If something is rare that the seller can sell for money and, conversely, if the market is full of stock so it's a buyers market and the price is driven down. No better example of this, today is the housing market. In the current inventory of unsold homes, due to the crisis before in America today is truly a buyers market. The large number of foreclosed homes has contributed to the biggest drop in house prices since the Great Depression. Add to this the fact, even if your house is not foreclosed, unemployment highest in 30 years, people all over the United States are faced with having to sell their homes to avoid foreclosure inevitable. These people find it almost impossible to sell their house at or near what they owe, they can sell it at all. It's really a buyer's market, a concrete example of supply and demand. The other principle respectful of the U.S. economy that Father Sarducci not teach, but is equally true and perhaps even more important is that two thirds of our economy is consumer driven and that Because the recovery plans of the government, because of constant shelling, we are in, information seeking to strengthen our confidence. You see if the American consumer has no confidence in the marketplace, no confidence that he or she will keep their jobs, no confidence that the government has everything under control, then instead of spending money and driving the economy to the need for consumer goods the consumer saves money. We now have the highest savings rate since the Carter administration. Consumers are simply afraid to spend their savings and pay little or nothing in the way of interest does not even comply with the rate of inflation so the economy can not even move from investment growth.
So what do we do? In simple terms, we must regain our confidence in the system and start spending money. This does not mean careless spending, but the banks are beginning to loosen credit restrictions, we need to buy new cars if we need it, we need to buy consumer goods like appliances and electronics and we should take advantage of this buyers' market and invest in the housing. During the Great Depression of the people who survived and built the fortunes of today are the people who bought shares and invested in businesses and homes when the market was depressed. Warren Buffet, probably known as the most famous investor in America, has not retreated into a shell and hiding his money under his mattress, he is there to buy cheap stocks and investing in companies . He has confidence in the market and for us to leave this slide, we must also have confidence.
If you're one of you who find the American in a position of having to sell your house or you are worried about its value, it is now time to do something to differentiate your house from that of juice.