Friday, June 13, 2008

Brother can you spare an ad?

I was on a conference call today and picked up this little tidbit. The easier it is to buy advertising time in the media the worse the economy is and right now you can buy all the advertising you want.

Uh oh.

I really wonder how the NBA Finals are doing in this regard? It's too bad we don't have the Superbowl coming up because everyone knows how many millions it costs to by a 30 second TV spot there.

Check this out - its a chart of corn. Guess when the flooding in the Midwest started to affect the corn crop? Ethanol stocks are getting crushed and corn itself is making your breakfast flakes more expensive. Forget oil and gold inflation, this is inflation that hits everyone.

My point is that there are plenty of things that should be scaring us about the economy - including rising interest rates - and this is not exactly a good time to be looking to buy stocks.

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