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January 16, 2021 

AmosWEB means Economics with a Touch of Whimsy!

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FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION: Abbreviated FSLIC, this was once the federal entity responsible for insuring the deposits at savings and loan associations (S&Ls). It performed the same function for S&Ls that the Federal Deposit Insurance Corporation (FDIC) performed for traditional banks. However, when a significant number S&Ls experienced problems in the 1980s and effectively bankrupting the FSLIC, the FDIC assumed the deposit insurance role for any remaining S&Ls, too.

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RED AGGRESSERINE
Your compete MICRO*scope for today

You are the type of person who is somewhat competitive, okay extremely competitive, because victory over others is the greatest narcotic of all. Family and friends take you along when looking to negotiate the purchase of cars and houses. Today, you are likely to spend a great deal of time at a garage sale wanting to buy either a small palm tree that will fit on your coffee table or several magazines on fashion design. Be on the lookout for fairy dust that tastes like salt. You should consider shopping at stores or businesses beginning with the letter A, but do not buy any products with a serial number or product code containing the number 546761. Your preferred shopping venue is auctions. Your special symbol is the ampersand (&).


Is this You?

As a Red Aggresserine, you are somewhat audacious and quite assertive, extremely competitive and a bit vindictive. You take no prisoners when it comes to market negotiations. For you, the thrill is in the competition. You enjoy the challenge of getting the most for the least and will do all you can to come out on top. You live for the hunt, the chase, the transaction. Your adrenaline is triggered by the thoughts of economic victory.


This isn't me! What am I?
BALANCE OF TRADE DEFICIT

The negative difference of the value of goods and services exported out of a country less the value of goods and services imported into the country. A balance of trade deficit is the official term for negative net exports that occurs when imports exceed exports. A balance of trade deficit is also termed an "unfavorable" balance of trade because it results in a net outflow of monetary payments from the domestic economic to the foreign sector, which tends to be bad for a country. The alternative is a balance of trade surplus in which exports exceed imports.

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The Business About INVESTMENT

I had fun that last time we wandered into Shady Valley's very own Happy-Time Gala-World Fun-Land Amusement Park, didn't you? Let's stroll through it again, just to see what adventures we might find. Okay, I admit to an ulterior motive. The Happy-Time Gala-World Fun-Land Amusement Park recently added a new ride -- the Cap'n Space Fright Whirl. If you thought the Monster Loop Death Plunge roller coaster was exciting, then you're in for a real treat with this one. My interest in the Cap'n Space Fright Whirl, however, is NOT from the standpoint of risking a recently eaten meal. On the contrary, I'm going to don my pointy-headed economist disguise and check out this mass of twisted metal and high-flying cages as a prime example of capital. In the process we might be able to gain some insight into the whys and wherefors of the thing we call investment.
Tell me more...

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APLS

Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
"Good humor is a tonic for mind and body. It is the best antidote for anxiety and depression. It is a business asset. It attracts and keeps friends. It lightens human burdens. It is the direct route to serenity and contentment."

-- Grenville Kleiser, Author

ACIR
Advisory Council on Intergovernmental Relations
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