How Bad Is It???

[wheresmy50]

I'm checking out of this one.

If there was a 5 year war where one person was killed, the mother of that soldier would think it was a costly war. There would be no convincing her otherwise. Some people have it bad now, and in that situation it's hard to see anything positive.

The assertion that those who disagree are either ignorant of the situation or a stranger to financial harship is sadly typical and overused.

We as a country developed a lot of bad habbits economics-wise during the last 15 years. If this downturn stops some of those, we will be stronger for it.

[BigFish]

WM50....your first statement confirms exactly my point......unless things are tough at home, which is the case in I would guess 80% of American homes right now, you would be ignorant to what is truly going on!

[spence]

Originally Posted by 5/0

Spence,
I invested 12 yrs. in a printing Co.right oughta college,I worked in electronic pre press we had 12 Guy's in our Dept as computer tech industry grew at such a rapid rate we advanced to stay w/ the Jones's (back in da day)we went from courier to T1 then T3 then email proofs to dirtect to Plate,I was flying to N.Y & PA. every year for soft ware upgrades just to keep up w/ the Jones's!Also not to mention we mostly printed for investors like Fidelity,Pioneer,Eaton Vance,Putnum,Sun Life ect......
We went from 12 to 3 of us we still outputed better quality,higher volume because we had more automation tighter tolorances & had less man power........
The enevidable fell apon us we closed

A lot of this is just the natural cycle of globalization though. High-speed networks make it easy for this sort of work to be done anywhere and at a lower cost. The companies that stay alive are the ones that innovate to deliver new services at higher margins so they don't fold when the technology becomes common.

It obviously hurts when it happens to you, but without this cycle we'd see no new technology!

This is why our government needs to get into the game of incentives for new energy technology. We still have a lot of cheap energy on the planet and it's clear that industry will bleed it dry before we see a real sea change towards sustainable methods of living.

-spence

[RIJIMMY]

Originally Posted by BigFish

WM50....your first statement confirms exactly my point......unless things are tough at home, which is the case in I would guess 80% of American homes right now, you would be ignorant to what is truly going on!

BF - My wife and I are still employed and not in any financial hardhsip presently. My view of what is going on is based on observation. At no point in our history has the government taken such a role in the economic direction and structure of this country. Never. Very soon, the governement will be funding our banks, our credit our purchases. All the while, this false economy will continue to collapse.
Some go fishing in shorts and a t-shirt, I wear 3 layers, waders and korkers. Better to be prepared and I see a long windy rainy season, with 12 ft swells heading our way

[spence]

Originally Posted by RIJIMMY

Some go fishing in shorts and a t-shirt, I wear 3 layers, waders and korkers. Better to be prepared and I see a long windy rainy season, with 12 ft swells heading our way

Don't forget your boat w/all those fancy electronics

-spence

[BigFish]

RIJimmy...not sure if you misunderstood my last post? My point was that it seems many who have a stable 2 income situation are not seeing the big picture...obviously you are.

[RIJIMMY]

Originally Posted by BigFish

RIJimmy...not sure if you misunderstood my last post? My point was that it seems many who have a stable 2 income situation are not seeing the big picture...obviously you are.

I know, I just wanted you to acknowledge by brillaince.

[BigFish]

Brilliance acknowledged Jimmy! You spelled brilliance wrong!!

[RIJIMMY]

hey Einstein couldnt tie his shoes, we all have our faults