Conspicuous Consumption

In the American society we are always trying to emulate the upper class. As we have discussed in class we saw many views of people trying to buy the latest and the greasiest products on the market. But, today all that has changed since the resent recession many have had to cut back on things they own because they got caught up in the last bubble that popped, many get caught up in the borrowing aspect with the large house, nice car, and best clothing but it was all done with  borrowed money. This caused so many to crash and burn when things got bad and the market tanked. Many lost there jobs, owing on there credit card, there houses and cars. Many who tried to sell there houses owed more then it was worth!! Not good. Speculation played a huge role in the recession and many jumped on the bann wagon to make an extra buck, but it resulted in financial ruin for many and people who had something now have nothing and are stuck owing others. But there's always that class of people trying to be something there not, which ultimately ruins them financially greed never got anyone anywhere. Do many of you have credit cards? Do you use them a lot or do you have a limit? How much do you save?

Responding to Ethan Gages PC and smartphone race.

Its amazing to see that Smart phones are selling more or faster then PC's. Its very surprising to think that someday the PC will be extinct and well all have hand held smart phones as computers. I think it will be a while before PCs will go out and smart phones will take over. I think some people will always work off a computer But smart phones are really coming along will see. Ill give it 20 years. Better buy an Iphone.

prices are going UP!

Reading a Time magazine Article, Which stated Prices are going up! Its starts out how a stay at home mother is starting to scream about Food prices rising. Many prices are rising due to the fact that oil is going up causing gas to rise then transportation gets more expensive. When will they be to high before we can sustain a normal life style? As many of you know I drive a yellow Smart car which is TINY and great in gas, but it is very impractical for a family with kids and a dog. So many people won't drive them, as a result what will they drive? But it will take very high gas prices before we change our behavior! It will interesting to see what happens to see when gas gets to $5 a gallon will we all be driving or walking? http://www.time.com/time/magazine/article/0,9171,842702,00.html

Responding to Chris Belands Facebook IPO

In my opinion the face book IPO will do very well, its a huge market and so many people world wide use face book. I don't think its alright that people can buy stocks before there on the market. But face book will do very well with stocks to see to the public. No different than Apple Inc, its an nitch market they have great products and are able to really get people sold on Apple. Its a high end piece of equipment. Face book is a nitch market and its excelling in this market and will do very well.

Promotion Pros and Cons.

When using promotional schemes, you have the choice to use as much money as you want. Or you can do it as cheaply and as freely as you want. One way to promote your product, is by writing an article which involves lots of time and creativity. Online articles are a way to write articles online and promote your products relatively cheaply. When doing this there pros and cons, The pros are you get to be as creative and its free and there a chance it really could take off by people reading it! The cons are it is very time consuming and may not get lots of traction. You never know. So when doing things on the cheap doesn't mean that you instantly going to make money. Would you spend tons of time to promote a product for free? Or would you work with someone and spend more money for you public imagine? http://www.clickbank.com/help/affiliate-help/affiliate-guides/common-ways-to-promote-products/

Kraft Attempting to Rebrand International Image responding to Chris Belands

Its amazing to see how Kraft is wanting to change its international name after all these years. Its in every house hold around the world. There know for the Mac and Cheese made in seconds. I'm not exactly proud of them changing there name, you say Kraft and everyone knows exactly what your talking about. MAC AND CHEESE. So I think that its going to be hard for many people around the world to move to another name that is as common as Kraft. I don't think its going to work.

Buy Local gains Traction!!

Many people who spend money need to know where to spend it. Also where they spend there money matters to many local businesses! In these hard economic times many small businesses have closed there doors, and the ones that can remain open are pulling together to try and gain "A local movement" Many are trying to get everyday shoppers away from the chain stores, where the lower prices and connivence are key. Would you shop Locally in Keene? Do you already?http://www.nuwireinvestor.com/articles/buy-local-movement-gains-traction-58355.aspx