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frayed

news is so farking depressing I keep reaching for another glass of reposado to dull the pain.

Hoping all you CF'ers see your way through this crisis that we're in. Can't help but to think the media makes a bad situation worse with it's continued doom and gloom.

Cheers all,
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Jeff

Get Busy

ironmanstan · Posted: Tue Feb 24, 2009 7:57 am Post subject:

I haven't lost enough on the stock market yet...ha ha.
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I LIKE MINE FRIED.

Rebecca of Sunnybrookfarm · Full Grown Flour Bluffian Joined: 01 May 2008 Posts: 3974

frayed · Posted: Tue Feb 24, 2009 8:37 am Post subject:

IMS, Naw, I don't have much in the market. . . the terror the media propagates is grinding certain businesses to a standstill as companies move from long term investment expenditures, to survival mode and cost cutting. Starting to see the impact with my business, which is dependent on capital investment and domestic production.

You know, there's a cliche "If it bleeds, it leads" that applies to the media's fascination with violence and mayhem. . . I think it's equally applicable here wrt the economy. 50% of the problem is that people believe that it is as bad as the media reports.

Bluffer · Posted: Tue Feb 24, 2009 8:39 am Post subject:

CHANGE we can believe in! Confused

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-STAY THIRSTY MY FRIENDS!-

Tyler · Site Admin Joined: 06 Mar 2006 Posts: 12865

Drake · Posted: Tue Feb 24, 2009 9:23 am Post subject: Frickin Crazy

I completely agree with Frayed..... Anyone and I mean (Microsoft, AutoDesk, Exxon, IBM etc..) anyone trying to go to the equity market to get funds to operate / expand thier business is dead. You simply cant get it so your business is dead in the water.

Market growth is ONLY driven by business expansion and NONE of that is happening - stimulus package be darned.

Fear is being driven and feed by the media all of the media, Paul harvey evenb scared me yesterday.

Billferd · Posted: Tue Feb 24, 2009 10:23 am Post subject:

Jeff,

I agree...have been saying for years that there should be some accountability by the media - but that would be treading on their precious 2nd Amendment? rights. Meanwhile we must endure the 'Fear Mongers' wrath on the Networks. I believe in the powers of 'supply & demand' but it is going to take time to undo the damage that has been done. BTW: Your avatar makes me salivate!
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Land-Locked but Hopeful!

frayed · Posted: Tue Feb 24, 2009 10:30 am Post subject:

Drake, an interesting article on the topic.

http://www.forbes.com/2009/02/23/mark-to-market-opinions-columnists_recovery_stimulus.html?feed=rss_news

Basically it says that the current accounting requirements do not allow time for institutions to deal internally with bad news, and that two fundamentals are needed to see our way out of this mess time and growth.

I'm no accountant and don't fully appreciate what market to market accounting means, but sheeit, if it's that strongly linked to the great depression, and to the events today, let's kill it.
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Jeff

Get Busy

BlueWaveEd · Horse Mullet Joined: 18 May 2006 Posts: 132

When i was taking MBA courses in the mid 80's, I believe the DOW was at about 1800 or so. People expected returns of 5% or so per year if I remember right. Today they want 5% per quarter. Back then you planned for programs based on years. Today if you can't fix it in a quarter, you won't last for long. That is the biggest part of the problem I see. gotta have it NOW!. Don't save for a house, etc.

There is an article in Houston http://www.chron.com/disp/story.mpl/front/6277344.html

They want to pay credit card balances for first time home buyers. they call it the Credit Score Enhancement Program. Uses public funds.

http://finance.yahoo.com/news/House-political persuasion that shall not be mentioned-propose-410B-apf-14450221.html

House Dems propose $410B spending bill. I thought the Stimulus was a spending bill. Grrrrrrrrrrrr

I need some Capt Morgan's, but will settle for time in the Laguna staring at spoil banks.

Bayslammer · Posted: Tue Feb 24, 2009 11:33 am Post subject:

I just have to.... Very Happy

Put your faith in a higher power and trust in the blessings that will come. My Grandparents went through the depression, and they said they were better for it. They were never in debt and saved enough for thier retirement without a pension or 401K... and Grandma never worked. Some of the science experiments growing in the fridge were not very tasty, but they saved everything! They bought Beacon Lodge in Zapata, Texas, and my Grandpa guided and Grandma ran the Lodge until they were in thier late sixties. Dad retired at fifty five and has not worked since, and will not need to. I plan to do the same, regardless of the current state of our economy. Moral of my personal story is, you reap what you sow. Our Country is going through a normal cycle, and I believe immorality and greed come with consequence.
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Grind

CARDSHARK · Posted: Tue Feb 24, 2009 11:54 am Post subject:

As we sit here thinking and contemplating resolutions to this problem while wearing a shirt made in India,Pants made in Pakistan,A belt and shoes from Italy,A european watch.Watching a Japanese made television,sipping on a heiniken,While surfing the net on a computer thats foreign made and what is happening to the US economy???Anyways..I gotta go call the foreign operater to get some help with a problem on my laptop.I hope that I can understand their English.Let me go get on my foreign manufactured cell phone.....You get the picture.

snakecan2 · Posted: Tue Feb 24, 2009 11:56 am Post subject:

I do not care what ones political views are... Yes theese are tough times.. Is it our fault, you, me the everyday person.. no...
government passed laws to get us here, government failed to do what they claimed they would..
i personally do not feel that the bailout and tarp and all that should have been passed.. yes something needed to be done.. but so far we are still doing the wrong things... or at least we will not see any of the effects for some time and then are grand babies that are not even born yet will be footing the bill..
Change is here.... what a motto.. lets pass a trillion dollar bill then claim financial resposibility.. Rolling Eyes

more change..
this is a market correction that happens.. the problem now it that we are a global economy and few if any understand all the factors that are bringing us here and probably no models that can take every factor into consideration to correct it.
Lord help us, all of theese politicians have put us in a world of hurt.
Ross Perot said in his presidental campaign that if we do not take are medicine now, we will be paying for it in ways we can not imagine... that was almost 20 years ago.. we are living it..
so save your pennies get in a career that is recession/depression proof and dont believe in the government because all sides talk with fork in tounge and the president is still just a puppet... congress and the house need to get in gear ..
and we ourselves need to growup and stop making decissions that put ourselves in trouble.. i will stop here before i go off....
lets all go catch some fish.. Very Happy

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Fish and Hunt Baby.... so tight lines and clear scopes.

Drake · Posted: Tue Feb 24, 2009 3:03 pm Post subject: Just gonna stay here

When you have well meaning but knee jerk reactions (legislation passed) to bad things you often end up with bigger problems.

The Sarbanes / Oxley response to the Enron fraud for example. The new AGAP laws are so heavy handed business have very little flexability thus ability to react to fast changing market conditions.

I dont know what the answer solution is but what we got sure aint workin' in this enviroment.

Yakmon · Posted: Tue Feb 24, 2009 5:54 pm Post subject: Doom and gloom.....

One man's doom and gloom is another man's opportunity. Take the opportunity to buy up all the mutual funds, blue chips and energy stocks you can and you will probably retire much faster than the person paralyzed by fear sitting on their nest egg earning 1.5%. This is a rare opportunity to seize the moment and to get in on the ground floor of the economic crisis. I wouldn't want to be at retirement age right now, but I am socking away as much as I can, buying up shares that I couldn't have afforded two years ago.

Fight the power...LOL

Yakmon