How Bad Is It???

[RIJIMMY]

"The combination of weaker real activity and slower inflation means that profits of U.S. companies will fall even more sharply than we had previously expected," Goldman said in a note to clients.

Goldman now sees economic profits falling 25 percent in 2009 on an annual average basis, the biggest drop since 1938. It had earlier expected a fall of 20 percent.

Goldman expects unemployment rates to further go up in 2010 as well, as there is little chance of the economy returning to trend growth by that year.

If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good.

[The Dad Fisherman]

Don't forget to click 3 times....

[spence]

Originally Posted by RIJIMMY

If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good. If I think its good, it will be good.

So depressing...

I work with product development manufacturing companies. We sell them software to improve productivity and enable innovation to help them design products faster, better and more efficiently.

The companies I work with are not depressed. They're leaning their processes, cutting costs where necessary and looking for ways to maintain or increase their competitive positions and apply core competencies to new markets.

Certianly the drop in free cash is painful, and those with weak balance sheets might even fail.

But nobody has hung it up.

-spence

[FishermanTim]

If we use the medical field as a litinus test of how effective research and development will be utilized, keep in mind that during the strive to find a dure for cancer the researchers found that one of the treatments being tested had a unique and unusual side affect, that could be useful.

The result was the creation of pills like Viagra and Cialis.

So where are the earth-shattering, ground-breaking discoveries of cancer cures? They're still being "tested", where we now have who knows how many "treatments" for erectile disfunction?

Then there's the story of the electric car, but that's a (horror) story for another day.

The environment for ingenuity and innovation has been side-tracked by an environment of greed and self-gratitude. Oh, there are advances to me made, but like most things in our world, they come with a cost.

[RIJIMMY]

Originally Posted by spence

So depressing...

I work with product development manufacturing companies. We sell them software to improve productivity and enable innovation to help them design products faster, better and more efficiently.

The companies I work with are not depressed. They're leaning their processes, cutting costs where necessary and looking for ways to maintain or increase their competitive positions and apply core competencies to new markets.

Certianly the drop in free cash is painful, and those with weak balance sheets might even fail.

But nobody has hung it up.

-spence

And I manage those projects, not in manufacturing though. and the first that will go is all projects, all research and all employees who dont get the donuts out the door.

[spence]

Originally Posted by RIJIMMY

And I manage those projects, not in manufacturing though. and the first that will go is all projects, all research and all employees who dont get the donuts out the door.

The first thing that will go is "all projects?"

I see why you're so depressed.

-spence