Bankruptcy inevitable...
 

Let the After Christmas LIQUIDATIONS begin!....

I just watched a piece on Bloomberg from California, of all places,
about Bank Owned property auctions going on hour after hour. A guy
bought a $440,000 house for $56,000, about its right price for such a
small house.

We're gonna see some helluva great bargains starting tomorrow. My
neighbor called me a little while ago. She said there are people
working all night in the malls marking stuff down....

If Ford Motor Company price drops $1.11 more, they'll be DELISTED!




.....now if we can only get WalMart to come down on the price of Rotella
T which hasn't dropped in price a single penny since oil was $145/bbl.
Damned thieves....$11.77/gallon in Charleston's WalMart or about
anyplace else.

Price fixing?

Keeping my eye on Circuit City for the liquidators to arrive......
Your faithful reporter.....

Bankruptcy inevitable...
 

On Fri, 26 Dec 2008 00:56:51 +0000, Larry wrote:



If Ford Motor Company price drops $1.11 more, they'll be DELISTED!
...
Your faithful reporter.....


I hear exchanges are planning to suspend listing limits pro temp.

Brian W

Bankruptcy inevitable...
 

"Larry" wrote in message
...
Let the After Christmas LIQUIDATIONS begin!....

I just watched a piece on Bloomberg from California, of all places,
about Bank Owned property auctions going on hour after hour. A guy
bought a $440,000 house for $56,000, about its right price for such a
small house.

We're gonna see some helluva great bargains starting tomorrow. My
neighbor called me a little while ago. She said there are people
working all night in the malls marking stuff down....

If Ford Motor Company price drops $1.11 more, they'll be DELISTED!




....now if we can only get WalMart to come down on the price of Rotella
T which hasn't dropped in price a single penny since oil was $145/bbl.
Damned thieves....$11.77/gallon in Charleston's WalMart or about
anyplace else.

Price fixing?

Keeping my eye on Circuit City for the liquidators to arrive......
Your faithful reporter.....




Which is fine until the price drops start to multiply out of control. Then,
you get deflation. While fine in the short term, as it "creates money," it's
bad if it turns into a death spiral. This leads to lower prices, lower
wages, then lower prices, lower wages, etc., until you get a $1 for a days
work. Not a good scenario for a modern economy in my opinion.


--
"j" ganz @@
www.sailnow.com

Bankruptcy inevitable...
 

"Capt. JG" wrote in
easolutions:

Which is fine until the price drops start to multiply out of control.
Then, you get deflation. While fine in the short term, as it "creates
money," it's bad if it turns into a death spiral. This leads to lower
prices, lower wages, then lower prices, lower wages, etc., until you
get a $1 for a days work. Not a good scenario for a modern economy in
my opinion.



You're dead on correct. But, alas, something "funny" is going on. Food
continues to skyrocket in price. A friend in Brewster, NY, told me he
paid $5.40 per pound for CHICKEN at their local supermarket! Lube oil
prices anywhere you go seem to be CONTROLLED at $11.7x per gallon for
Rotella T, here in Charleston. Oil prices should, by now, have
responded to the collapsing crude and gas prices. Gold prices are down
20-25%, but retail prices, that we are told are in such awful
conditions, have NOT DROPPED at all and have INCREASED in many places.
Is the government tampering with the printing presses at the FED handing
out trillions of fake dollars causing this? 90 Yen to the dollar means
my money is quite worthless...and getting more worthless...but gold
prices are down....

Something is being manipulated by the usual suspects. If business is SO
bad, all prices would have dropped drastically, now. I know someone who
visits China twice a year to buy silk flowers for their wholesale
florist business, hundreds of thousands of them. His suppliers are
giving him fire sale pricing on the products stacked up in warehouses
all over China. One of his contacts took him to a warehouse full of
unsold toys from famous American companies. $20 American toys can be
purchased for 6 CENTS! They're nearly giving them away! I checked the
toys....not a nickel drop in prices to move them at WalMart. They're
buying them for 6 cents and selling them for $20, a tidy profit no
matter how you spin it.

Bankruptcy inevitable...
 

On Fri, 26 Dec 2008 02:33:39 +0000, Larry wrote:

Something is being manipulated by the usual suspects.

Not really. As long as demand holds up, prices will not drop. If
people stop buying prices will fall. It's the law of supply and
demand coupled with the desire of business to maximize profits.
Also, there is old inventory purchased at higher prices waiting to be
sold in some cases.

Bankruptcy inevitable...
 

Wayne.B wrote in
:

On Fri, 26 Dec 2008 02:33:39 +0000, Larry wrote:

Something is being manipulated by the usual suspects.

Not really. As long as demand holds up, prices will not drop. If
people stop buying prices will fall. It's the law of supply and
demand coupled with the desire of business to maximize profits.
Also, there is old inventory purchased at higher prices waiting to be
sold in some cases.


Er, ah, Wayne? Does your news reader work? People have ALREADY stopped
buying, which is what got us into this mess in the consumption-driven
economy.

That's what's queer. Consumption is way down but prices haven't dropped!

Bankruptcy inevitable...
 

On Fri, 26 Dec 2008 16:58:55 +0000, Larry wrote:

Wayne.B wrote in
:

On Fri, 26 Dec 2008 02:33:39 +0000, Larry wrote:

Something is being manipulated by the usual suspects.

Not really. As long as demand holds up, prices will not drop. If
people stop buying prices will fall. It's the law of supply and
demand coupled with the desire of business to maximize profits.
Also, there is old inventory purchased at higher prices waiting to be
sold in some cases.


Er, ah, Wayne? Does your news reader work? People have ALREADY stopped
buying, which is what got us into this mess in the consumption-driven
economy.

That's what's queer. Consumption is way down but prices haven't dropped!

Weren't you talking about Rotella oil or some such?
Hey, as long as you want it, the price won't come down!
Seems in the past retailers will only go so low with prices, then
their stock ends up with discounters and employees, who unload it at
garage sales. Maybe now ebay.
But it's complicated as all get-out.
You always have to keep your eyes open for real deals, and usually
when you see one, it's right after you paid retail!

--Vic

Bankruptcy inevitable...
 

On Dec 26, 8:58*am, Larry wrote:
Wayne.B wrote :

On Fri, 26 Dec 2008 02:33:39 +0000, Larry wrote:

Something is being manipulated by the usual suspects.

Not really. * As long as demand holds up, prices will not drop. * If
people stop buying prices will fall. *It's the law of supply and
demand coupled with the desire of business to maximize profits.
Also, there is old inventory purchased at higher prices waiting to be
sold in some cases.

Er, ah, Wayne? *Does your news reader work? *People have ALREADY stopped
buying, which is what got us into this mess in the consumption-driven
economy.

That's what's queer. *Consumption is way down but prices haven't dropped!

nope and prices wont for a little while. right now they are holding
prices up for the holidays and winter. captive audiance dontchak now.
i would wait for spring if i was to bet on this and watch the prices
start to drop. mid summer and shops are going to be sweating it trying
to get stock out the door.

bad part is with this no wharehousing idea the slow down hits a much
larger pool than it should.

Bankruptcy inevitable...
 

On Dec 26, 10:03*am, Dave wrote:
On Fri, 26 Dec 2008 09:31:20 -0800 (PST), Two meter troll
said:

bad part is with this no wharehousing idea the slow down hits a much
larger pool than it should.

Not following you here. With just in time systems, when the stock on the
shelves is sold the retailer has to crank up his suppliers faster because
there's nothing in the warehouse to sell off first.

the factories dont have any storage so the line works only when there
is a demand. no demand, no work, no mony for goods, factory closes
down, no jobs, no money for goods, no demand.

Bankruptcy inevitable...
 

On Fri, 26 Dec 2008 00:56:51 +0000, Larry wrote:

Let the After Christmas LIQUIDATIONS begin!....

I just watched a piece on Bloomberg from California, of all places,
about Bank Owned property auctions going on hour after hour. A guy
bought a $440,000 house for $56,000, about its right price for such a
small house.

We're gonna see some helluva great bargains starting tomorrow. My
neighbor called me a little while ago. She said there are people
working all night in the malls marking stuff down....

If Ford Motor Company price drops $1.11 more, they'll be DELISTED!



Don't rule out a reverse split to avoid delisting.

Bankruptcy inevitable...
 

Dave wrote in
:

Guess Larry didn't do any Christmas shopping. Major Dept. stores were
offering unprecedented discounts to unload their inventory by
year-end. Every place you turned there were signs "take 30% off" "take
50% off." You used to see that post-holiday, but not pre-holiday.



Being the only one left in my family....I don't have much of a Christmas
outside the parrots, who are pretty easy to please if you have Monkey
Biscuits in your pocket. I give my friends' kids money so they can have
more Christmas this coming weekend of stuff they want, while taking back
the crap the adults bought they can't stand....

I noted the signs and the "limited time offer" nonsense. The brick and
mortars STILL think we are going back to the "good ol' days" of jacking
up the prices every other week by 25%, month after month, as the money
became more worthless and everybody had lots of it. I think they are
****ing to windward in 2009-2010 and maybe beyond.

Well, the Liquidations will begin today or tomorrow. It's way beyond
50% off on a few items as loss leaders. They've got to liquidate stock
to feed the kids, now.

Bankruptcy inevitable...
 

Vic Smith wrote in
:

Weren't you talking about Rotella oil or some such?
Hey, as long as you want it, the price won't come down!
Seems in the past retailers will only go so low with prices, then
their stock ends up with discounters and employees, who unload it at
garage sales. Maybe now ebay.
But it's complicated as all get-out.
You always have to keep your eyes open for real deals, and usually
when you see one, it's right after you paid retail!

--Vic



I have a letter nearly ready to ship to my state Attorney General next
week. It is entitled "Price Gouging or Price Fixing?" I hope it will
result in getting him interested, at least, intaking a look at these
outrageous overpricing on oil products....ALL oil products. The raw
material has dropped $113, 78% from the high of $145/bbl. To keep the
prices at that level is price gouging. If the oil barons are telling
everyone to maintain that price, it's price fixing. Either one is
illegal in South Carolina. It's time the AG's office started looking
into the phenomenon.

Bankruptcy inevitable...
 

On Dec 26, 12:51*pm, Dave wrote:
On Fri, 26 Dec 2008 10:53:17 -0800 (PST), Two meter troll
said:

bad part is with this no wharehousing idea the slow down hits a much
larger pool than it should.

Not following you here. With just in time systems, when the stock on the
shelves is sold the retailer has to crank up his suppliers faster because
there's nothing in the warehouse to sell off first.

the factories dont have any storage so the line works only when there
is a demand. no demand, no work, no mony for goods, factory closes
down, no jobs, no money for goods, no demand.

So you're looking at the finished goods inventory, not raw material, *and
you're *thinking that it would be better to build up excess finished goods
inventories that would have to be sold down before additional production
starts, and to pay the additional capital costs of carrying those
inventories over the long term?

we dont even have raw materials in storage. most buisness have
reworked in the last twenty years to near on demand. this means there
is no real backup. if the thread makers are waiting for the weavers to
order thread and the weavers are waiting for an order of calico and no
order comes in the weavers dont work, the thread makers dont work, the
spinners dont work and the cotton farmer is stuck with barn full of
stuff he cant sell.
it all just goes systemic. warehousing provided a backup to an extent
and allowed for the trade in goods that could be bought short in one
place a sold long in another.

the current model allows flexability to hit fads and trends quickly
but it was never ment to handle scarcity and recession.
if the weavers produce no cloth then the seamstresses dont work. with
no one working no one can make money and it just gets worse.

Bankruptcy inevitable...
 

"Dave" wrote in message
...
On Fri, 26 Dec 2008 16:58:55 +0000, Larry said:

That's what's queer. Consumption is way down but prices haven't dropped!

Guess Larry didn't do any Christmas shopping. Major Dept. stores were
offering unprecedented discounts to unload their inventory by year-end.
Every place you turned there were signs "take 30% off" "take 50% off." You
used to see that post-holiday, but not pre-holiday.

- I was shopping for a stool. That's still too expensive for a stool.

- i duuno somehow 5000 does seem all that much

- so I went to harleysville,

- then I sent my aunt a
youtube video of Cheney shapeshifting into a reptilian. HAHA it was so
stoopid!

- birthstone necklace? did you say NECKLACE? i remember a while ago
when my aunt was going on and on about her jewelry, she specifically
metnioned she had no necklaces because she couldn't wear them because
they caught on those 'growths' on her neck. YUCK! that's mostly what they
have on sale. yuck

mk5000


"Girl hey you go girl.
De le de le that that that girl.
Girl hey you go girl.
Baby baby baby baby girl. "--solange knowles

Bankruptcy inevitable...
 

"Two meter troll" wrote in message
...


nope and prices wont for a little while. right now they are holding
prices up for the holidays and winter. captive audiance dontchak now.
i would wait for spring if i was to bet on this and watch the prices
start to drop. mid summer and shops are going to be sweating it trying
to get stock out the door.

bad part is with this no wharehousing idea the slow down hits a much
larger pool than it should.

=====

they just announced some numbers tonight.

27 percent hardest hit, electronics.

shoes and women's clothes almost as hard hit

mk5000


"Troubling, stumbling, fumbling for the words to say that I'm leaving you
Leaving you
Troubling, stumbling, fumbling for the words to say that I'm leaving you
(You always said that we'd make it through) "--Solange Knowles

Bankruptcy inevitable...
 

On 26 Dec 2008 14:59:02 -0600, Dave wrote:

On Fri, 26 Dec 2008 14:34:36 -0500, said:

If Ford Motor Company price drops $1.11 more, they'll be DELISTED!



Don't rule out a reverse split to avoid delisting.

That may work in the very short term. Longer term, shares tend to lose much
of the per share price increase following a reverse split. I've seen it
happen a number of times, and studies have also demonstrated that this most
often occurs.


Since when has business in the US been at all interested in thinking
long term? These days, most companies are run on daily flash reports.

Bankruptcy inevitable...
 

On Dec 28, 2:37*pm, Dave wrote:
On Fri, 26 Dec 2008 14:19:56 -0800 (PST), Two meter troll
said:

the current model allows flexability to hit fads and trends quickly
but it was never ment to handle scarcity and recession.
if the weavers produce no cloth then the seamstresses dont work. with
no one working no one can make money and it just gets worse.

Perhaps you should become a consultant to the domestic weavers g. I
wouldn't hire you, but they say there's a sucker born..

each to his own.
i hear yall bitching and i am not. one of us must be right.