Wednesday, February 25, 2009

BASIC ECONOMICS

If your outgo exceeds your income, your upkeeping becomes your downfall.

If you understand this, you are smarter than the average North American. (Of course, being smarter than the average North American is not a difficult accomplishment.) Especially if you're comparing yourself to some merchant bankers who have gone broke -- by a few billion dollars.

Does that mean there's no accounting for bankers? Perhaps (a least a few of the bankers).

5 comments:

dani c said...

I plead the 5th with the banks and bankers thing..Pisses me off royaly

French Fancy said...

What Dickens had Mr Micawber say sums it up better than anything I think:

*Annual income twenty pounds, annual expenditure nineteen pounds six. Result: happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six. Result: misery.*

Rob-bear said...

dani: I understand your frustration.

FF: very true, but much more detailed than this poor bear's brain can handle. I'm a bit like Pooh in that regard (being "bear of very little brain"). For half a crown I'd chuck the lot.

bellybutton said...

I think your overview is understated


Yes, we can

::

Rob-bear said...

® bellybutton: I try to keep things simple -- then even I can understand what I'm saying.