Thursday, August 25, 2011

@AllAmerInvest Steve Jobs Edition


Inflation is not the answer

It's a sign of desperation that the latest cure being suggested for the ailing economy is higher inflation. In the 1970s and early 1980s, inflation (peaking at 13 percent in 1979 and 1980) was a national curse. Now, it's being advanced as an antidote to high unemployment and meager economic growth. It's bad advice for the Federal Reserve, which holds its annual research retreat at Jackson Hole, Wyo., this week. What seems plausible in the classroom would probably backfire in the real world.

The economy's central problem today is lack of confidence - fear - reflecting enormous uncertainty. Business managers and consumers don't know what to expect. Facing stubborn joblessness, falling home values and volatile stock prices, they have become reflexively defensive. They hoard and hold back. A deliberate policy of higher inflation risks compounding the uncertainty and poisoning psychology even more.

Inflation is not the answer
http://wapo.st/q2JQE4

By Bob DeMarco
All American Investor


Steve Jobs

Apple After Jobs Still a ‘Buy,’ Analysts Say
http://on.wsj.com/nQJpj0

The 13 Most Memorable Quotes From Steve Jobs
http://read.bi/nN4cSL

Morning MarketBeat Daily Factoid:
  • Apple’s share price at the time of its IPO in December 1980 was $2.75, adjusted for splits.
  • Apple’s share price on May 31, 1985, when Steve Jobs was stripped of his power before being shown the door, was $1.98. 
  • Apple’s share price on Dec. 20, 1996, when Mr. Jobs returned to the company as a consultant, was $5.88. 
  • Apple’s share price on August 24, 2011, when Mr. Jobs resigned as CEO, was $376.18.





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Original content Bob DeMarco, All American Investor