Tuesday, March 18, 2008

Almost A Recession

I've been paying more attention to TV commercials lately. Last night, during one break, I saw an ad for a real estate foreclosure website offering bargains galore in California, Florida, Nevada and other states severely affected by the mortgage crisis. About a minute later I saw an ad for a service which provides you with a prepaid plastic shipping pouch -- you just drop in any unwanted or broken gold, silver or platinum jewelry, mail it in and within days you'll receive a check (no doubt for considerably less than what the metals are worth).

I can't help but wonder how much desperation is out there. And these folks doing the advertising are obviously eager to try and make a buck themselves. These trends in advertising are fun to observe because you get a snapshot of the economy -- or what the economy is perceived to be.

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