Here are some funny political jokes to tickle your economics funny bone!
If you had bought $1000.00 worth of Nortel stock before it crashed, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With WorldCom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.
Based on the above, my current investment advice is to drink heavily and recycle.
Ken Lay's Collateral
As Enron was going down, Chairman Ken Lay was desperately trying to raise cash.
In a meeting with top bankers, Lay presented a list of all the collateral the company had for a new loan. There were pipelines, contracts, receivables, a half-built plant in India -- quite a list.
But the bankers told him it wasn't enough: "Isn't there ANYTHING else you own that is fully paid for, that you can put up?"
And no one has seen Dick Cheney since.
Where Enron Learned Economics
A truck driver moved to Texas and bought a donkey from an old farmer for $100.
The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said: "Sorry, but I have some bad news. The donkey died."
"Well, then, just give me my money back."
"Can't do that. I went and spent it already."
"OK, then. Just unload the donkey."
"What ya gonna do with him?"
"I'm going to raffle him off."
"You can't raffle off a dead donkey!"
"Sure I can. Watch me. I just won't tell anybody he's dead."
A month later the farmer met up with the truck driver and asked: "What happened with that dead donkey?"
"I raffled him off. I sold 200 tickets at two dollars apiece and I made a profit of $298."
"Didn't anyone complain?"
"Sure, but just the guy who won. So I gave him back his two dollars."