Showing posts with label Financial Times. Show all posts
Showing posts with label Financial Times. Show all posts

Wednesday, 7 October 2009

Cute little button economics

Missmarketcrash is hopelessly addicted to the new iPhone. I know, I know - I am late to all of this and it is not anything new. You are correct, but, I still cannot help thinking about it even if this is old-hat. It is new to me.

This morning we plugged the little iPhone into a big amp and speakers and spent breakfast-time listening to digital radio stations from all over the world, courtesy of WunderRadio. We went from the lower east side of New York to Hungary, a stop by London, and then, over to Japan whilst eating our toast. Japan was the big winner, providing us with the category of "anime" music that was simultaneously simple and complex and suited the spirit of the little iPhone.

I've yet to find the best sowpods dictionary application or something to make my son practice his violin but I am confident these things will be found with a bit more time. Time is the thing here. The iPhone seems to be my little crystal ball that revealed how the internet of the future will continue to be shaped. It is what they have hoped for, and, it seems to be coming true. I actually paid £3.00 for the little WunderRadio. I have never paid for content on the internet. So, here goes the future. You might read I am both disappointed and slightly pleased.

The Financial Times has a free mobile iPhone application downloadable from Apple. It is a bit of a lure that might result in a paid-for subscription. If I am feeling old-fashioned and do not wish to download the little app, I can just bookmark FT through Safari and up it will pop rather than downloading a cute little button. But the button is easier.

Application downloading does seem like something one is less inclined to shrug away from paying for. It is relatively new and we are being trained that it might cost money. It provides a simple just-press-the-button-and-enter-your-password-and-we-will-charge-you interface that simply and cheerfully shifts consumers into more paid-for internet content. Newspapers must be crossing their fingers. I quite like newspapers so this is the kind of thing I'd like to see rescue them.

On the other side of things, I am grateful that there will always be something for free. Like this.

Friday, 2 October 2009

The Donut-shaped Recession

The markets have begun the October plunge as anticipated by some.  Missmc has sat through the rally with the cash-on-the-side bunch.  It is the looking at the wizard behind the curtain phase of things and, well, really, he is not so bad, just a bit of a charlatan.  Not an evil kind of charlatan, but, rather like the parent that turned out less glorious through adult eyes.  You know, the one you still yearn to see as you did as a child.

The financial markets may bump down slowly with a half-grin and run the course as long as we do not experience something ummm...like a CIT bankruptcy.  As noted in the Financial Times, the bankruptcy likely hinges on the CDS levels on CIT and who holds them. There is at least 52billion worth of CDS out there on CIT.  My thoughts?  Havoc and the straw that...?  Quite possibly, if coupled with other economic variables.  If you've read yesterday's post we can perhaps begin to call this whole affair the beginning of the Donut-shaped Recession.   More on that here on the BBC with the news that "Dunkin Donuts President quits"... 

I know, I know.  you are visualizing that.  There is a hole.  As for going round and round upon itself, well, that is a shape that would be impossible to graph, but, entirely understandable as an abstract...;)