When the government just borrowed 700 billion dollars from us? That's roughly 4700 dollars a taxpayer.
How can you afford to spend money on High Definition equipment?
When the government just borrowed 700 billion dollars from us? That's roughly 4700 dollars a taxpayer.
We already bought our equipment before the bailout. ;-)
i don't have a job
What i really love is how an HDMI cable costs about 30% of a brand new Blu-ray player these days.
Poor poor best buy, life is soooo hard for them
Frank, this crisis is going to hit the entire planet if it hasn't already. Their will be changes, big changes, and if you think that financial system will just keep chugging along as usual, Im afraid your in for a rude surprise.
Dylan
That's easy...
Credit, I should have the HV20 paid for in about 3 years at this rate...
If you lived in a house that cost [insert your currency here] 100'000.00 to build, incl. land and all back in 2000, and in 2007 suddenly was 'valued' at [insert your currency here] 750'000.00 and then you borrowed against that [RIDICULOUS!!!!] value, you should NOT receive any help from anyone, and deserve all that's coming to you, including losing your house if interest rates go up.
DylanOriginally Posted by koolpenguin89
For a young man, you are very perceptive.
Thanks bluegrass. The way i see it, the issues being presented today are the issues that will affect my adult life, so i try to keep up with my politics and global affairs. Alot of kids my age pretend to be into politics and things of that nature because it is "trendy", but when it comes down to it, they don't even bother registering to vote.
Dylan
I'm charging them 29.90% interest.
The way I see it, I'm fine if things go bad for a little while longer (as long as I get to keep my job anyway...) All the money I'm putting into my 401k is allowing me to buy more shares of stocks as the prices keep dropping, which means more money for me when they eventually go back up. I'm in no hurry. I've still got about 40 more years until retirement...so I can afford to ride it out. And to all the people complaining about loosing money just before they are going to retire....if you're in a position to be retiring within even 10 years, most of your money should be out of stocks and into bonds anyway!
Also, I don't have an HD camcorder yet, or an HDTV...so I guess that part of the topic really doesn't apply either!
If your going to start investing in stocks now, i suggest Campbell's Soup stock (specifically beef or chicken).
Dylan
Heared one American state today, that if the deficit remains that high, there will be no way, that the US will remain to be the leading power it is now.
And with the Chinese economy rising in double digits, I get a feeling, that the days of milk and honey are over for the US. Regret to say it, but it sounds logical.
That wasn't going to happen, financial crisis or not. No rocket scientist brain power required to figure that out.
Although, in fact, I have a feeling it might actually be a bit delayed now with this small financial hiccup, that the Chinese take over. Since the USA won't be buying quite as much from China in the next 5 years, their coffers won't fill up quite as fast.
Who do you think is buying all those Chinese goods and fueling that growth? China needs the US economy to remain healthy because it is so closely tied to their own.
I hear what you're saying, except "high" definition is now the standard; it's nothing special anymore.
Of course, they're probably already working on camcorders for Ultra High Definition.
You seem to have a grasp...
Invested in some stocks yesterday. I have done well today. There are some good buys. Perhaps with some luck I will catch up on some of my losses....
Rich
(as long as I get to keep my job anyway...) Exactly. The truth is, if we can just keep our jobs (I think that is really the biggest concern) and ride this out without the need to borrow money or withdraw much money from retirement savings, we'll be OK. With banks hardly loaning any money out right now, it is going to really stall big ticket sales, which might ripple down to many businesses going under or laying people off.The way I see it, I'm fine if things go bad for a little while longer (as long as I get to keep my job anyway...) All the money I'm putting into my 401k is allowing me to buy more shares of stocks as the prices keep dropping, which means more money for me when they eventually go back up. I'm in no hurry. I've still got about 40 more years until retirement...so I can afford to ride it out. And to all the people complaining about loosing money just before they are going to retire....if you're in a position to be retiring within even 10 years, most of your money should be out of stocks and into bonds anyway!
Also, I don't have an HD camcorder yet, or an HDTV...so I guess that part of the topic really doesn't apply either!
I'm encouraged a little by how many here seem to have such a good grasp of the situation we're in. Maybe I shouldn't be, I've learned that many here on this forum not only have a big mouth, but they seem to have a pretty good head on their shoulder. Does anyone here feel panicky?
Last edited by bluegrass; 2008 October 8th at 15:47.
("as long as I get to keep my job anyway...")
and just supposing..
just supposing
This doesn't happen?
What then?
Veg ( to go!)
I personally dont complain.
just before the stuff fell down i got a raise of $1.400 a month
never had this much gold and I buy stuff whenever i can.
as for china goes..well..if they do take over the world economy, fine with me. they are going to do that anyways. they work harder longer and so forth.
"I personally dont complain.
just before the stuff fell down i got a raise of $1.400 a month
never had this much gold and I buy stuff whenever i can.
as for china goes..well..if they do take over the world economy, fine with me. they are going to do that anyways. they work harder longer and so forth".
You are the Future Man.
PM me.
Veg
Time to find another job!!!
After getting laid off last year in a huge RIF, (PGR still pisses me off!!), I'm not too worried. Though, if i got laid off again, I'd probably think about moving to a different city. I've already used up 2 of the big companies in Cleveland for software development anyway! I guess I'm not really living in the prime section of the country for programmers.
I can appreciate how the economy is hurting people. I grew up poor and I know what it feels like when the economics of your life are out of your control.
However, how many people had a little extra money and blew it on things they didn't need? How many people studied how the markets work when they had the chance?
I don't want to sound preachy, but you did hear the Aesop's fable of "The Ant and Grasshopper" when you were a kid right? The moral was to keep working and putting things away for a rainy day. You've heard the saying, when life gives you nothing but lemons make lemonade.
All I'm sayin is that historically, the great depression was horrible with 25-30% unemployment, that still left 70% working and many people made money during the great depression. Yes, you heard right and we're currently only at about 7% unemployment so now there's even more opportunity (if you didn't blow money on vacations, booze and fast women).
No one has lost any savings so far. Buy low, sell high. Now IS the time to buy houses or stocks AFTER you do your research and form a diversified strategy to minimize risks.
If you're Boyscout prepared it's an opportunity, not a burden. Cheers.I wish I could tell both the Federal and California governments a thing or two!
This fable originates from regions, where there is no crop in the wintertime. That is why we westerners tend to save up. And that is also why we are surprised to see people in warmer regions -where they have two or three crops a year- live by the day. If they earn some money with your firm today, they will not turn up tomorrow . . .
Now, taking this to todays situation, with credits as a way to live, people think they are no longer forced to save.
We've always avoided debt except for a mortgage and I paid that off some years ago, yet I do not feel secure. The government's tactics may or may not keep us out of a depression and in either case may or may not ignite hyperinflation.* If we do "catch" hyperinflation we are all screwed except for those who have a significant amount of money in gold etc.
Back on topic. I purchased the HV30 etc. as a tools for a business to generate some extra income as a hedge against (non-hyper) inflation.
*I'm not criticizing Paulson or Bernanke, both are true experts and good fits for the challenges they face but only the self deluded are certain as to what should actually be done here.
A government that either cannot or will not protect its people from the abuses and depredations of large corporations needs be overthrown by its people. Inspired by Thomas Jefferson.
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