I know this is way out of my normal range of writing, but two headlines today caught my eye and forced me to investigate them further.
As an individual struggling to raise funds to accomplish the prayer ministry God has called me to, the financial numbers tossed around in our society are simply amazing. The two headlines that caught my attention were:
“GM Posts Record Loss of $38.7 Billion”
“Stocks Rebound on Buffet and GM News”
My first thought was someone must have really messed up the headlines. How can an automaker losing a record 38.7 billion dollars in one year contribute to a rising stock market? And so I had to read the article. It seems that stocks rose because the GM loss was less than expected! The financial analysts had been predicting a loss equal to 95 cents per share of GM stock and it was only a 40 cent loss. Well, that explains it all! What is 38.7 billion dollars between friends? There is a whole lot more to it, but this isn’t an investment advice column, just my reaction. 😛
I don’t think too many of us living day to day, trying to keep the bills paid and enjoy the basics of life can truly wrap our minds around 38.7 billion dollars, let alone a 38.7 billion dollar loss. I know I can’t.
Have we let things get so big, so inflated, that we have no sense of value anymore?
I don’t know. Just some random thoughts from some random headlines.
Tom,
There are many comparable things to this taking place that deserve equal consideration. here are two as an example:
The billions spent in Iraq along with the billions still missing in Iraq.
Accountability is needed.
The ever rising gas prices and the ever rising profit of the oil companies.
Accountability is needed.
Cheri,
I agree. The example I used is just one in a very long list of huge amounts of money that get tossed about in talk like it is nothing. Accountability is probably one our nation’s greatest needs because it is one of the things we have the least of.
Thanks for stopping by and commenting.
– tom