The real message from voters was "Fix this stinking economy." But Republicans have no intention of doing so.
With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.
Republicans don't believe in stimulating economies. They think markets eventually clear -- once the pain is sufficient. Or in the immortal words of Herbert Hoover's treasury secretary, millionaire industrialist Andrew Mellon: "Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life."
Of course, Mellon was dead wrong. Nothing was purged. Instead, the economy sunk into deeper and deeper depression.
So how do we get out of this bog?
By default, all the responsibility is on the Federal Reserve -- which announced this week it will pump $600 billion into the economy between now and June to reduce long-term interest rates ("quantitative easing" in Fed-speak).
The Fed thinks lower long-term rates will (1) push more businesses to expand capacity and hire workers; (2) push the dollar downward and make American exports more competitive and therefore generate more jobs; and (3) allow more Americans to refinance their homes at low rates, thereby giving them more cash to spend and thereby stimulate more jobs.
But without an expansionary fiscal policy, the Fed's goals are pipe dreams.
Lower rates won't spur businesses to expand capacity and jobs because there aren't enough consumers to buy additional goods and services.
Lower rates won't push down the dollar and spur more exports. They'll only spur more competitive devaluations by other nations determined not to lose export shares and jobs.
And lower rates won't allow middle-class and working-class Americans to refinance their homes because banks won't lend to families whose incomes have dropped, whose debts have risen, or who owe more on their homes than the homes are worth. That is, most of us.
Without an expansive fiscal policy that puts more money into the pockets of consumers and gets them out from under their huge debt load, the Fed's billions will just fuel another stock-market bubble.
It's already started. Stocks are up even though the rest of the economy is still down because money is already so cheap. Bondholders who can't get much of any return from their loans are shifting into stocks. Companies are buying back more shares of their own stock. And Wall Street is making more bets in the stock market with money it can borrow at almost zero percent interest.
In other words, with Republicans in charge of the House, the economy remains anemic. It may even succumb to another bubble that bursts.
Could it be that Republicans want to keep the economy this way through Election Day, 2012?
Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.
A new documentary about Wall Street and the financial meltdown succeeds in making a dry topic into a visually stunning thriller. Randall Lane, author of The Zeroes, on the groundbreaking, bridge-burning film.
One subject featured in Inside Job, director Charles Ferguson's buzzy new Wall Street documentary, recently relayed a telling story to me over lunch: When Ferguson came to film in his apartment, he brought a crew of about fifteen. They filmed him for more than three hours. When they risked getting cut short by his apartment building's freight elevator hours, Ferguson stuck a stack of hundreds in the super's hand. And then when the movie, which rolls out nationwide today, was finally finished, said expert was featured for all of… eight seconds.
But those expensive—and perfect—eight seconds explain why Inside Job is the best movie about Wall Street since, well, Wall Street (the original, not the solidly mediocre Money Never Sleeps). And maybe the most important piece of work, in any medium, about the financial meltdown.
Ferguson spent as much as necessary to tell the story of crisis visually. He takes us on IMAX-worthy helicopter rides across the mossy hills of Iceland and the financial canyons of Manhattan (the cinematography was similar to Oliver Stone's skyline-obsessed visuals in the Wall Street sequel, as if the directors were dueling in adjacent editing rooms). Each of the three or so dozen interviews is composed and lit like a Vanity Fair portrait. Matt Damon provides the voice-over. (Ferguson estimates that Inside Job cost less than $2 million to produce—if true, someone should give this guy a studio to run.)
"It was surprisingly beautifully filmed," acid-tongued hedge-fund titan Bill Ackman said immediately after its premiere at the New York Film Festival this month. "Something you don't think of with a financial film."
The first words about the film that came to rock-star economist Nouriel Roubini's mind when I asked him were: "visually stunning."
More than making it pretty, this attention to aesthetics makes Inside Job effective. Most people still can't explain why the country's economy went into the toilet, other than that Wall Street's denizens are a bunch of greedy jackasses. Ferguson has coated the aspirin, his financial tutorial, with applesauce. Even the charts were gorgeous: the PowerPoint as art. Whether Ferguson consciously wanted to make something slick from something abstract, or merely holds his movies to high standards (his first documentary, about Iraq, was the Oscar-nominated No End in Sight), the result is the same: He's taken the headache-inducing story of the financial meltdown and made it accessible.
More than making it pretty, this attention to aesthetics makes Inside Job effective.
Sony Pictures Classics
I understand the power of slicking up the abstract world of high finance, and I also recently tried to explain the financial meltdown by telling a story. But I was limited both times by the constraints of still pictures and words. Inside Job, a movie intended to reveal the true power of Wall Street, accidentally uses Wall Street to reveal the true power of movies.
The key is Ferguson's ability to focus a narrative. Jumpy and wiry, he has a slight reputation as a tyrant—in introducing the film at the Film Festival to a fairly posh crowd, he pre-emptively apologized to his team for the tears he caused—but in watching the results, the control freak in him seems justified.
Compare Inside Job with Capitalism, Michael Moore's entertaining polemic on the broader sins of laissez-faire economics. Moore's was statement first, history second. Ferguson reverses those emphases—focusing solely on this historic meltdown, the who/what/where/why/how. And he does so accurately, with precision, the way a prosecutor lays out a case he's sure he's going to win. He filets the insiders who choose not to take the stand (Larry Summers, Hank Paulson) and those fools who did go on camera (Frederick Mishkin, Glenn Hubbard) get fully eviscerated.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
The real message from voters was "Fix this stinking economy." But Republicans have no intention of doing so.
With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.
Republicans don't believe in stimulating economies. They think markets eventually clear -- once the pain is sufficient. Or in the immortal words of Herbert Hoover's treasury secretary, millionaire industrialist Andrew Mellon: "Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life."
Of course, Mellon was dead wrong. Nothing was purged. Instead, the economy sunk into deeper and deeper depression.
So how do we get out of this bog?
By default, all the responsibility is on the Federal Reserve -- which announced this week it will pump $600 billion into the economy between now and June to reduce long-term interest rates ("quantitative easing" in Fed-speak).
The Fed thinks lower long-term rates will (1) push more businesses to expand capacity and hire workers; (2) push the dollar downward and make American exports more competitive and therefore generate more jobs; and (3) allow more Americans to refinance their homes at low rates, thereby giving them more cash to spend and thereby stimulate more jobs.
But without an expansionary fiscal policy, the Fed's goals are pipe dreams.
Lower rates won't spur businesses to expand capacity and jobs because there aren't enough consumers to buy additional goods and services.
Lower rates won't push down the dollar and spur more exports. They'll only spur more competitive devaluations by other nations determined not to lose export shares and jobs.
And lower rates won't allow middle-class and working-class Americans to refinance their homes because banks won't lend to families whose incomes have dropped, whose debts have risen, or who owe more on their homes than the homes are worth. That is, most of us.
Without an expansive fiscal policy that puts more money into the pockets of consumers and gets them out from under their huge debt load, the Fed's billions will just fuel another stock-market bubble.
It's already started. Stocks are up even though the rest of the economy is still down because money is already so cheap. Bondholders who can't get much of any return from their loans are shifting into stocks. Companies are buying back more shares of their own stock. And Wall Street is making more bets in the stock market with money it can borrow at almost zero percent interest.
In other words, with Republicans in charge of the House, the economy remains anemic. It may even succumb to another bubble that bursts.
Could it be that Republicans want to keep the economy this way through Election Day, 2012?
Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.
A new documentary about Wall Street and the financial meltdown succeeds in making a dry topic into a visually stunning thriller. Randall Lane, author of The Zeroes, on the groundbreaking, bridge-burning film.
One subject featured in Inside Job, director Charles Ferguson's buzzy new Wall Street documentary, recently relayed a telling story to me over lunch: When Ferguson came to film in his apartment, he brought a crew of about fifteen. They filmed him for more than three hours. When they risked getting cut short by his apartment building's freight elevator hours, Ferguson stuck a stack of hundreds in the super's hand. And then when the movie, which rolls out nationwide today, was finally finished, said expert was featured for all of… eight seconds.
But those expensive—and perfect—eight seconds explain why Inside Job is the best movie about Wall Street since, well, Wall Street (the original, not the solidly mediocre Money Never Sleeps). And maybe the most important piece of work, in any medium, about the financial meltdown.
Ferguson spent as much as necessary to tell the story of crisis visually. He takes us on IMAX-worthy helicopter rides across the mossy hills of Iceland and the financial canyons of Manhattan (the cinematography was similar to Oliver Stone's skyline-obsessed visuals in the Wall Street sequel, as if the directors were dueling in adjacent editing rooms). Each of the three or so dozen interviews is composed and lit like a Vanity Fair portrait. Matt Damon provides the voice-over. (Ferguson estimates that Inside Job cost less than $2 million to produce—if true, someone should give this guy a studio to run.)
"It was surprisingly beautifully filmed," acid-tongued hedge-fund titan Bill Ackman said immediately after its premiere at the New York Film Festival this month. "Something you don't think of with a financial film."
The first words about the film that came to rock-star economist Nouriel Roubini's mind when I asked him were: "visually stunning."
More than making it pretty, this attention to aesthetics makes Inside Job effective. Most people still can't explain why the country's economy went into the toilet, other than that Wall Street's denizens are a bunch of greedy jackasses. Ferguson has coated the aspirin, his financial tutorial, with applesauce. Even the charts were gorgeous: the PowerPoint as art. Whether Ferguson consciously wanted to make something slick from something abstract, or merely holds his movies to high standards (his first documentary, about Iraq, was the Oscar-nominated No End in Sight), the result is the same: He's taken the headache-inducing story of the financial meltdown and made it accessible.
More than making it pretty, this attention to aesthetics makes Inside Job effective.
Sony Pictures Classics
I understand the power of slicking up the abstract world of high finance, and I also recently tried to explain the financial meltdown by telling a story. But I was limited both times by the constraints of still pictures and words. Inside Job, a movie intended to reveal the true power of Wall Street, accidentally uses Wall Street to reveal the true power of movies.
The key is Ferguson's ability to focus a narrative. Jumpy and wiry, he has a slight reputation as a tyrant—in introducing the film at the Film Festival to a fairly posh crowd, he pre-emptively apologized to his team for the tears he caused—but in watching the results, the control freak in him seems justified.
Compare Inside Job with Capitalism, Michael Moore's entertaining polemic on the broader sins of laissez-faire economics. Moore's was statement first, history second. Ferguson reverses those emphases—focusing solely on this historic meltdown, the who/what/where/why/how. And he does so accurately, with precision, the way a prosecutor lays out a case he's sure he's going to win. He filets the insiders who choose not to take the stand (Larry Summers, Hank Paulson) and those fools who did go on camera (Frederick Mishkin, Glenn Hubbard) get fully eviscerated.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
eric seiger
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
The real message from voters was "Fix this stinking economy." But Republicans have no intention of doing so.
With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.
Republicans don't believe in stimulating economies. They think markets eventually clear -- once the pain is sufficient. Or in the immortal words of Herbert Hoover's treasury secretary, millionaire industrialist Andrew Mellon: "Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life."
Of course, Mellon was dead wrong. Nothing was purged. Instead, the economy sunk into deeper and deeper depression.
So how do we get out of this bog?
By default, all the responsibility is on the Federal Reserve -- which announced this week it will pump $600 billion into the economy between now and June to reduce long-term interest rates ("quantitative easing" in Fed-speak).
The Fed thinks lower long-term rates will (1) push more businesses to expand capacity and hire workers; (2) push the dollar downward and make American exports more competitive and therefore generate more jobs; and (3) allow more Americans to refinance their homes at low rates, thereby giving them more cash to spend and thereby stimulate more jobs.
But without an expansionary fiscal policy, the Fed's goals are pipe dreams.
Lower rates won't spur businesses to expand capacity and jobs because there aren't enough consumers to buy additional goods and services.
Lower rates won't push down the dollar and spur more exports. They'll only spur more competitive devaluations by other nations determined not to lose export shares and jobs.
And lower rates won't allow middle-class and working-class Americans to refinance their homes because banks won't lend to families whose incomes have dropped, whose debts have risen, or who owe more on their homes than the homes are worth. That is, most of us.
Without an expansive fiscal policy that puts more money into the pockets of consumers and gets them out from under their huge debt load, the Fed's billions will just fuel another stock-market bubble.
It's already started. Stocks are up even though the rest of the economy is still down because money is already so cheap. Bondholders who can't get much of any return from their loans are shifting into stocks. Companies are buying back more shares of their own stock. And Wall Street is making more bets in the stock market with money it can borrow at almost zero percent interest.
In other words, with Republicans in charge of the House, the economy remains anemic. It may even succumb to another bubble that bursts.
Could it be that Republicans want to keep the economy this way through Election Day, 2012?
Robert Reich is the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.
A new documentary about Wall Street and the financial meltdown succeeds in making a dry topic into a visually stunning thriller. Randall Lane, author of The Zeroes, on the groundbreaking, bridge-burning film.
One subject featured in Inside Job, director Charles Ferguson's buzzy new Wall Street documentary, recently relayed a telling story to me over lunch: When Ferguson came to film in his apartment, he brought a crew of about fifteen. They filmed him for more than three hours. When they risked getting cut short by his apartment building's freight elevator hours, Ferguson stuck a stack of hundreds in the super's hand. And then when the movie, which rolls out nationwide today, was finally finished, said expert was featured for all of… eight seconds.
But those expensive—and perfect—eight seconds explain why Inside Job is the best movie about Wall Street since, well, Wall Street (the original, not the solidly mediocre Money Never Sleeps). And maybe the most important piece of work, in any medium, about the financial meltdown.
Ferguson spent as much as necessary to tell the story of crisis visually. He takes us on IMAX-worthy helicopter rides across the mossy hills of Iceland and the financial canyons of Manhattan (the cinematography was similar to Oliver Stone's skyline-obsessed visuals in the Wall Street sequel, as if the directors were dueling in adjacent editing rooms). Each of the three or so dozen interviews is composed and lit like a Vanity Fair portrait. Matt Damon provides the voice-over. (Ferguson estimates that Inside Job cost less than $2 million to produce—if true, someone should give this guy a studio to run.)
"It was surprisingly beautifully filmed," acid-tongued hedge-fund titan Bill Ackman said immediately after its premiere at the New York Film Festival this month. "Something you don't think of with a financial film."
The first words about the film that came to rock-star economist Nouriel Roubini's mind when I asked him were: "visually stunning."
More than making it pretty, this attention to aesthetics makes Inside Job effective. Most people still can't explain why the country's economy went into the toilet, other than that Wall Street's denizens are a bunch of greedy jackasses. Ferguson has coated the aspirin, his financial tutorial, with applesauce. Even the charts were gorgeous: the PowerPoint as art. Whether Ferguson consciously wanted to make something slick from something abstract, or merely holds his movies to high standards (his first documentary, about Iraq, was the Oscar-nominated No End in Sight), the result is the same: He's taken the headache-inducing story of the financial meltdown and made it accessible.
More than making it pretty, this attention to aesthetics makes Inside Job effective.
Sony Pictures Classics
I understand the power of slicking up the abstract world of high finance, and I also recently tried to explain the financial meltdown by telling a story. But I was limited both times by the constraints of still pictures and words. Inside Job, a movie intended to reveal the true power of Wall Street, accidentally uses Wall Street to reveal the true power of movies.
The key is Ferguson's ability to focus a narrative. Jumpy and wiry, he has a slight reputation as a tyrant—in introducing the film at the Film Festival to a fairly posh crowd, he pre-emptively apologized to his team for the tears he caused—but in watching the results, the control freak in him seems justified.
Compare Inside Job with Capitalism, Michael Moore's entertaining polemic on the broader sins of laissez-faire economics. Moore's was statement first, history second. Ferguson reverses those emphases—focusing solely on this historic meltdown, the who/what/where/why/how. And he does so accurately, with precision, the way a prosecutor lays out a case he's sure he's going to win. He filets the insiders who choose not to take the stand (Larry Summers, Hank Paulson) and those fools who did go on camera (Frederick Mishkin, Glenn Hubbard) get fully eviscerated.
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
I have been buying and selling items on EBay for over six years and know several secrets. But first, let me give credit to Shane Carney for reminding of all these different secrets. His articles How to Save Money on Your EBay Auctions and Tips for EBay Sellers: How to Make More Money Off of Your Auctions offer very valuable tips and should be reviewed for more information on making and saving money through EBay auctions.
Making Money through EBay Auctions
There are a few ways that seem to always ensure that you will make more money on your EBay auctions:
Accept PayPal
I have passed up several EBay auctions because sellers do not accept PayPal. It is simply too much of a hassle to drive out to the post office and buy a money order. If you send a check for the EBay auction that you won, it takes twice as long because the EBay seller must wait for your check to clear. Most bidders on EBay want the convenience of PayPal. I have seen several EBay auctions that have been very cheap and haven’t gotten bids, because the EBay seller didn’t offer PayPal. Don’t make this mistake. A PayPal account is very easy to setup and if you are a CP you already have a PayPal account, so put it to use and make more money off your EBay auctions
Ending an Auction
EBay auctions that end on the weekends make more money. It’s simple, more people are at home on the weekends and more people have the time to leisurely search EBay for that got to have item. Most people who go on EBay are looking for items that are ending soon. So why not have your auction up there at the top, so buyers can win the auction right away?
Avoid Reserves
Unless your item is worth hundreds of dollars, it’s best to avoid reserves. Many EBay buyers are turned off when they see Reserve Not Met, on an auction. To them this screams, “Look elsewhere. This person obviously wants a lot for this item.” Think about it, if you are an EBay buyer and see that, what is your first thought? Another example is going to a store where nothing is priced. Most people think, “If they can’t price it, it’s too expensive.”
Christmas Auctions
If you want to make some serious cash through EBay auctions sell your items in December. Thousands of people flock to EBay during the holiday season to find that perfect gift at a cheap price. I have seen items go for twice what they did in November. People are often looking for items that they can no longer buy in stores, items that are in like new condition, and honestly just about anything. EBay buyers buy a lot more items than they do the rest of the year. An item that might not sell in June, will sell easily in December.
Saving Money through EBay Auctions
No PayPal
Find auctions that don’t accept PayPal and you’re bound to find a great deal. As I mentioned above EBayers want the convenience of paying online, so take advantage of their laziness and save a bundle.
Middle of the Week
Look for auctions that end in the middle of the week, preferably early morning hours. This will save you a lot of money. Most people aren’t sitting in front of the computer at 3am, in the middle of the week, looking at EBay auctions. If you have a job that allows you to be awake at these hours, hunt out those deals on EBay.
Looking for Christmas Gifts
Don’t wait until December! Like I mentioned above this is when EBay buyers become ravenous and will bid on any EBay auction, whether they need the item, up for auction, or not. Instead start your Christmas shopping in June or July. Lots of people are on vacation during this time of the year and EBay is the last thing on their minds.
Sniping
This is one of the best tips of all. Some people think sniping is illegal on EBay, but it’s not. Sniping is when you bid on an auction in the last few seconds. This is what EBay has to say about sniping, “Sniping is part of the eBay experience, and all bids placed before a listing ends are valid - even if they're placed one second before the listing ends.” I have won several auctions by sniping, sometimes by only a few cents and it’s a great feeling to know you snuck in there and stole that item away; it’s almost like a sport. If you aren’t comfortable with sniping, make sure you bid the maximum of what you want to pay when you bid on an item, then even if a bidder tries to sneak in a bid in the last few seconds of an EBay auction, they’ll have to bid higher than what you bid to win.
Basically do the opposite for each. If you want to make money, do the opposite of all the things that turn you away from an EBay auction. If you want to save money, make an effort and actually go to the post office for that money order after winning an EBay auction that doesn’t accept PayPal.
Good luck and happy bidding and selling.
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
<b>News</b> Flash! Chris Christie's got junk in the trunk | The Daily <b>...</b>
Christie critics turn to weightiest issues when attacking governor.
New Michael Jackson Track, 'Breaking <b>News</b>', In Quite Good Shocker <b>...</b>
Even Michael Jackson haters must be intrigued as to what the recently deceased pop-stars new single was going to sound like. There was a very good chance it wasn't going to be very good, what with MJ not being around long enough to ...
Wednesday Morning Fly By: NHL and Phantoms <b>News</b> - Broad Street Hockey
Today's open discussion thread, complete with your daily dose of Philadelphia Flyers news and notes... Remembering Pelle Lindbergh: [Flyers Faithful]; Looking at Peter Laviolette's impact on the Flyers: ...
eric seiger
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