Economy/market

[trip]

Re: Economy/market

dave,

you don't cure bad loans, by giving more loans, and the big problem is no one will loan the us any money

what are you going to do, get up and go too work, and in time things get better

you can only manipulate prices for so long

low interest rates
lotsa leverage leverage leverage
low gasoline prices

an economy built on 1.5 gas and it's now 4 dollars

that 4 bucks has now filtered into everything everywhere and has overpowered low interest and leverage

now the leverage is kaput, and interest rates don't make a dam bit of doodley

cause 4 dollah gasoline has to be factored into everything now, and it will all be re-adjusted

obviously i have a totally different point of view than 99% of folks

in the end we all play our own hand

you just gotta do your best day in and day out

[daved150]

Re: Economy/market

dave,

you don't cure bad loans, by giving more loans, and the big problem is no one will loan the us any money

what are you going to do, get up and go too work, and in time things get better

you can only manipulate prices for so long

low interest rates
lotsa leverage leverage leverage
low gasoline prices

an economy built on 1.5 gas and it's now 4 dollars

that 4 bucks has now filtered into everything everywhere and has overpowered low interest and leverage

now the leverage is kaput, and interest rates don't make a dam bit of doodley

cause 4 dollah gasoline has to be factored into everything now, and it will all be re-adjusted

obviously i have a totally different point of view than 99% of folks

in the end we all play our own hand

you just gotta do your best day in and day out

or not go to work!!...as biz after biz close around you becouse credit wont be issued no longer...bank to biz credit, biz to biz credit....none anymore.
i'm not the sharpest pencil in the box, so maybe i'm 100% incorect, but i can name 3 biz owners (not counting myself) that will not last without loans being avail. to them. you can say it's like taking the weak and tying them to a tree and bashing there brains in for the strong, but 2 of these biz's have been around for over 20yrs!!! it's not mismanagement, it the biggest economic sess pool in the country (detroit) and until thing turn a little, they (as well as i) need a line of credit just to make it through....but...what do i know...i could be the fuked up one i guess.

[daved150]

Re: Economy/market

oh...for the record. i'm not entirely sure what to do...i'm not FOR the bill 100% nor am i against it 100%...i'm looking at the impact this mess is having. it's directly hurting me and people i know....would the bail out help...maybe. has anyone figured out anything else? i dont see how biz's going under, employee's being let go is gonna fix the prob trip. so you didnt believe in credit...good for you (seriously, not being nasty), but...alot of biz's NEED credit...alot NEED to float some $ from time to time...call them weak or whatever, but it wont matter when their employees are filing into the un-employment offices

oh...and you can say "thats not gonna happen!!! thats a scare tactic"...you can explain that to the 15 people i'm gonna have to let go

[trip]

Re: Economy/market

i've never said i don't believe in credit


i just don't borrow money personally, and or live beyond my means, i recieve no gain or pleasure from things, my happiness is based on a different value system

my thoughts on the bill are i don't think it will have an effect

folks are having trouble getting credit cause the folks who have the money won't lend it at present rates, why, extreme high risks in costs

that's how i see it, what can i say

i know alot of business's need credit, and that makes things very hard and tough

i'm just stating how i see it,

[daved150]

Re: Economy/market

i've never said i don't believe in credit


i just don't borrow money personally, and or live beyond my means, i recieve no gain or pleasure from things, my happiness is based on a different value system

my thoughts on the bill are i don't think it will have an effect

folks are having trouble getting credit cause the folks who have the money won't lend it at present rates, why, extreme high risks in costs

that's how i see it, what can i say

i know alot of business's need credit, and that makes things very hard and tough

i'm just stating how i see it,

wait...maybe i just dont understand how you see it....are you thinking that regardless of the bail out or not, these companies are gonna close anyway, unemployments going up anyway, forclosures are going up anyway?
and look...i'm not talking about "folks" getting credit or car loans...to tell the truth, i can get you a 30k car loan even if you have a 420 becon score!! sub-prime loans WILL NEVER GO AWAY!!!!!! not for auto's bro....NEVERRRRRR....i can get them all. day. long. in fact....thats all thats selling right now...sub prime, sub prime, sub prime!!!
but...if you dont think it would improve biz to biz credit or bank to biz credit...then i dont see the point either.
maybe you dont understand me..
i'm not talking about johnny rotten getting a new plasma...i'm talking about lines of credit floating through biz!!! i'm not talking about the 18$/hr guy buying the 225k house...i'm talking about my local "bob's hardware" floating his inventory on a 60day float!!!

[Klash]

Re: Economy/market

oh...and you can say "thats not gonna happen!!! thats a scare tactic"...you can explain that to the 15 people i'm gonna have to let go

Your getting me wrong. I know $hit is going to hit the fan. How much, I don't know but when someone says: "$hit is about to hit the fan; you need to give me $5,000 and I'll try to keep it from hitting the fan but I'm not to sure I can stop it." I can either acknowledge and accept that $hit is about to hit the fan or I can let fear irrationally influence my decisions and $hit is still going to hit the fan and I'll be $5,000 poorer and Paulson all of a sudden has the means of keeping his friends fans from getting $hit on them.

My industry is directly connected to the availability of people being able to get loans. I'll be right behind those 15.

[daved150]

Re: Economy/market

Your getting me wrong. I know $hit is going to hit the fan. How much, I don't know but when someone says: "$hit is about to hit the fan; you need to give me $5,000 and I'll try to keep it from hitting the fan but I'm not to sure I can stop it." I can either acknowledge and accept that $hit is about to hit the fan or I can let fear irrationally influence my decisions and $hit is still going to hit the fan and I'll be $5,000 poorer and Paulson all of a sudden has the means of keeping his friends fans from getting $hit on them.

My industry is directly connected to the availability of people being able to get loans. I'll be right behind those 15.

excellent job explaining...thanks. still not entirely sure that it's NOT the answer...but, i guess it come's down to, do i want to spend my portion of 700billion too findout....is it an option just to take MY portion of the 700billion?

as stated...i'm not saying i know this is the answer or not. there's other arguments for this from others....it's a complex prob.

[trip]

Re: Economy/market

i understand your talking about bob's hardware, so am i

if bob does a million a year, has 900k in costs and makes 100k

what does his biz look like if he now does 950k

is he a higher credit risk, yes, so he pays a higher rate, and he is on thinner margins

if bob really likes that 100k a year, he has too cut something somehwere

and the ball of the whole economy rolls the other way

bob's and others can get loans, it's just not loans that look as good as two months ago

[daved150]

Re: Economy/market

i understand your talking about bob's hardware, so am i

if bob does a million a year, has 900k in costs and makes 100k

what does his biz look like if he now does 950k

is he a higher credit risk, yes, so he pays a higher rate, and he is on thinner margins

if bob really likes that 100k a year, he has too cut something somehwere

and the ball of the whole economy rolls the other way

bob's and others can get loans, it's just not loans that look as good as two months ago

well...you got 100k? becouse me and bob's being told NO! bob's running out of shyt to sell, and i got floats i need to do myself.

i know what your saying, but up here...it's just flat no....telling ya bro...it's just NO. not, "sure, but at" such and such rate...it's just NO. i got 3 25k truck for collateral and a 18k day cab!!!...NO!

[FUZO]

Re: Economy/market

Hey trip why dont you tell us why obama lied to the american public about him not raising taxes.its bull shit and you know it but just dont want to say it because of your blojama.

[daved150]

Re: Economy/market

Hey trip why dont you tell us why obama lied to the american public about him not raising taxes.its bull shit and you know it but just dont want to say it because of your blojama.

hey!! no high jacking, lol!!!

[FUZO]

Re: Economy/market

sorry but the american peole dave need to know the truth and since the media,news papers,tv want to suck obama **** its going to be hard to win.but I will stay positive

[trip]

Re: Economy/market

Hey trip why dont you tell us why obama lied to the american public about him not raising taxes.its bull shit and you know it but just dont want to say it because of your blojama.

why should i converse with a terrorist, lol, u don't think i see my avatar

mccain maverick erratic

i've only said it for six months that this will rise too the top

nothing more too be said

palin and simple

[FUZO]

Re: Economy/market

STILL CANT ADMIT THE TRUTH.

[daved150]

Re: Economy/market

lmao!! you guys are funny