Cisco
This is another positive indicator that RFID is growing and seems to be more and more accepted during this period of recovery
Companies like Wells Fargo and now Cisco who appear to have intelligent management teams are stepping up to RFID
There is no Sirit mention but in this day and age, I, like Piper and maybe even
F@R and Campst am groping for positive news.....
https://www.rfidjournal.com/
The US has Thanksgiving this week and Christmas is coming up..
Some would say that, like the price of oil that went up to $147 a barrel without real foundation, that the market as a whole has dropped to much, without foundation......People I know that have never had an economic thought in their life are scared shttless and with good cause...
Other people I know, that do know Credit Markets still do not understand how smart people took a simple concept like a mortgage and managed to creat this hell that has unfolded.
We have all heard of Freddie Mac and Fannie May and how they pushed home ownership...not a bad idea but it went to far..
We know of NINJA mortgages (No income no job no assets) From what I have read this has been going on for some years.....From what I have heard from others this should, thru general monitoring proceedures, by any responsible lender have been detected within months of granting
What we in the general population do not understand is how these mortgages were syndicated, sold in packages, leveraged, divided into traunches, insured and ultimately declared worthless...
What percentage of these mortgages are suspect? How does leverage work? How does syndication work? What is the impact of traunches and who is impacted? How did AIG, others and derivitives impact this?
They are not Tranaparent...dah...explain it
The Business channels and media in general have told us this was the cause of the US Economic problem, but
they have not explained how smart people have let this happen or, more importantly, caused it to happen
This is a pretty simplistic vent, but one I have been holding in for some time
Stupidity is something that we as humans all participate in but what has happened in the mortgage markets goes well beyond stupidity and yet I have still not heard of one crimial action....I would even consider Treason as it has done more damage than any terrorist could have hoped to..
What I have to accept is that it is what it is..bull sht...and then there is the auto industry
It is so stupid it almost seems like one of their plans....go figure
Sincere apologies for using this forum to vent
Still long on Sirit