On 21/03/2010 10:26 AM, Jim wrote:
Canuck57 wrote:
On 21/03/2010 9:39 AM, Jim wrote:
Canuck57 wrote:
On 20/03/2010 9:44 PM, Tim wrote:
12.8 mil. loss this quarter...
http://www.businessweek.com/ap/finan.../D9EFUUH80.htm
Obama isn't going to bail them out, unless a buddy owns them.
Good move reducing the debt as they can scale down the business to fit
the new times. If they couldn't reduce debt, they might as well have
closed the doors. Which I am sure many in this sector have. Because
recover is a Obama wet dream, this recessions losses will have a
permanent long term impact on the boating industry.
Bet there will not be as many on the water this summer.
Let's hope that's true.
The more pain that can be attributed to 'Bama, the sooner the folks will
rebel from this Obamination.
Agreed. They didn't learn from history in school, so now they will
learn the hard way.
Our Republican strategy of opposition to anything he proposes is
starting to bear fruit.
Debateable. Tehy still hold a minority position in both houses. Plus,
as I have learned a long time ago, what we hear from big governments
is often a ruse, a pony show to say they tied but in reality caved in.
Au contraire. The Republican party is the party of small government.
That's pretty evident in their numbers.
Bet the markets will be volitile on Monday.
I'll let my broker worry about that.
If he's wrong, I'll change brokers.
It's unfortunate that the modern farming system is essentially immune
from disruption, precluding the famine that would surely show the
bankruptcy of 'Bama leadership.
Food, unlike boats is an essential staple. You can defer or not buy a
GM or a boat... but to eat isn't much of an option. But I don't invest
in farming, too many variables...
Weather is the biggest. But with a good drought, and perhaps a blight
or two, 'Bama is toast.
Like I said, we can hope.
But there's hope for more pain in in other areas of the economy.
Jim - Always hopeful
I would love this to end, but I can't see it. Government has swapped a
lot of bad debt from bailouts to the taxpayer and DC spending is so
far out of control it may never be pulled back short of a revolution.
You can't just increase your debt every year by 15%++ into perpetuity.
At some point mismanaged government economics is going to have one
hell of a price to pay.
Right now, the best I can see is a few lost decades like Japan has
experienced. They too took the spend/debt approach 2 decades ago and
have seen a 2 decades of steady decreases in standard of living. And
Japan still has that massive debt and may go under...
Could go, Greece, Spain, UK, Japan, Ireland, Germany, US then Canada.
All go into a currency spiral one after the other.
Pretty sure that Ireland and the Aryan portion of the German population
will fare well. The darker and mongrelized nations not so much.
Haven't paid attention to the Scandinavians since they went commie long
ago. They're a drunken lot in any case.
I did well with Nokia, but that's an exception. Besides, the Finns
aren't prone to the drunkenness and immorality that runs in the
Scandinavian gene pool.
Jim - Concerned American
I would say you have traveled a bit. When I was in the nordic counties
the socialism sure made them miopic like sheep. They didn't know any
better. Drunk because often that was all there was to do.
But in Norway, I think the reasons they didn't get drunk is few could
afford to. Socialism comes at a price. Wasn't in Finland, but have no
doubt that drunkeness has a lot to do with taxation, less taxes more
drinking.
Watching CNN right now, looks like it just passed.... On to the road to
debt hell.
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Politicians don't provide anything, the tax payers do.