Fed cuts .5% yet again…

[GoUSC]

Thanks for screwing us savers…YET AGAIN. Man I am irritated.

http://www.bloomberg.com/apps/news?pid=20601087&sid=an_yk2IHMtjw&refer=home

[davelj]

Wall Street to Uncle Ben:

“WHAAAAAAAA!! WHAAAAAAAAA!! BABY WANT MORE CAKE AND CANDY!! WHAAAAAAAAAAA!!”

But I repeat myself.

[HereWeGo]

At what point does capital flight become a risk? At what point do banks start to lose a significant % of deposits?

[cr]

Once everyone thinks housing bottomed out, but then they’ll be fine again when they realize this is only weakening the financial system further.

I’d like to hear a good long term analysis of Bernanke’s handling of this crisis.

Cut rates and stocks rise 1% the same day, but then what? What about 12 mos from now? 3 years? 5 years?

At what point does this reckless weakening of the dollar catch up to us, and what does it look like? Stagflation? Aren’t we already in that?

BB can placate Wall Street a half a percent a month, but then what, negative rates?

[cr]

Once everyone thinks housing bottomed out, but then they’ll be fine again when they realize this is only weakening the financial system further.

I’d like to hear a good long term analysis of Bernanke’s handling of this crisis.

Cut rates and stocks rise 1% the same day, but then what? What about 12 mos from now? 3 years? 5 years?

At what point does this reckless weakening of the dollar catch up to us, and what does it look like? Stagflation? Aren’t we already in that?

BB can placate Wall Street a half a percent a month, but then what, negative rates?

[cr]

Once everyone thinks housing bottomed out, but then they’ll be fine again when they realize this is only weakening the financial system further.

I’d like to hear a good long term analysis of Bernanke’s handling of this crisis.

Cut rates and stocks rise 1% the same day, but then what? What about 12 mos from now? 3 years? 5 years?

At what point does this reckless weakening of the dollar catch up to us, and what does it look like? Stagflation? Aren’t we already in that?

BB can placate Wall Street a half a percent a month, but then what, negative rates?

[cr]

Once everyone thinks housing bottomed out, but then they’ll be fine again when they realize this is only weakening the financial system further.

I’d like to hear a good long term analysis of Bernanke’s handling of this crisis.

Cut rates and stocks rise 1% the same day, but then what? What about 12 mos from now? 3 years? 5 years?

At what point does this reckless weakening of the dollar catch up to us, and what does it look like? Stagflation? Aren’t we already in that?

BB can placate Wall Street a half a percent a month, but then what, negative rates?

[cr]

Once everyone thinks housing bottomed out, but then they’ll be fine again when they realize this is only weakening the financial system further.

I’d like to hear a good long term analysis of Bernanke’s handling of this crisis.

Cut rates and stocks rise 1% the same day, but then what? What about 12 mos from now? 3 years? 5 years?

At what point does this reckless weakening of the dollar catch up to us, and what does it look like? Stagflation? Aren’t we already in that?

BB can placate Wall Street a half a percent a month, but then what, negative rates?

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[davelj]

kewp,

“Borrowing from the Fed to keep minimum reserves” doesn’t make any sense. Fed borrowings don’t count as Tier I or Tier II capital. And they have nothing to do with Loan Loss Reserves. Maybe you mean that banks are borrowing from the Fed to help maintain liquidity because the deposit market is very competitive? I don’t think this is necessarily a bad thing considering that the Fed Funds rate is below the rate being offered on most certificates of deposit these days.

“At what point do banks start to lose a significant % of deposits?” I don’t understand this question. All banks will move their deposit rates down, albeit to varying degrees. Where is a person going to go if they want an FDIC insured deposit? Are you suggesting that people will take their deposits out of banks due to the low rates and invest them in some other instrument with the same risk profile that’s got a higher yield? I’m curious as to what that instrument might be.

[davelj]

kewp,

“Borrowing from the Fed to keep minimum reserves” doesn’t make any sense. Fed borrowings don’t count as Tier I or Tier II capital. And they have nothing to do with Loan Loss Reserves. Maybe you mean that banks are borrowing from the Fed to help maintain liquidity because the deposit market is very competitive? I don’t think this is necessarily a bad thing considering that the Fed Funds rate is below the rate being offered on most certificates of deposit these days.

“At what point do banks start to lose a significant % of deposits?” I don’t understand this question. All banks will move their deposit rates down, albeit to varying degrees. Where is a person going to go if they want an FDIC insured deposit? Are you suggesting that people will take their deposits out of banks due to the low rates and invest them in some other instrument with the same risk profile that’s got a higher yield? I’m curious as to what that instrument might be.

[davelj]

kewp,

“Borrowing from the Fed to keep minimum reserves” doesn’t make any sense. Fed borrowings don’t count as Tier I or Tier II capital. And they have nothing to do with Loan Loss Reserves. Maybe you mean that banks are borrowing from the Fed to help maintain liquidity because the deposit market is very competitive? I don’t think this is necessarily a bad thing considering that the Fed Funds rate is below the rate being offered on most certificates of deposit these days.

“At what point do banks start to lose a significant % of deposits?” I don’t understand this question. All banks will move their deposit rates down, albeit to varying degrees. Where is a person going to go if they want an FDIC insured deposit? Are you suggesting that people will take their deposits out of banks due to the low rates and invest them in some other instrument with the same risk profile that’s got a higher yield? I’m curious as to what that instrument might be.

[davelj]

kewp,

“Borrowing from the Fed to keep minimum reserves” doesn’t make any sense. Fed borrowings don’t count as Tier I or Tier II capital. And they have nothing to do with Loan Loss Reserves. Maybe you mean that banks are borrowing from the Fed to help maintain liquidity because the deposit market is very competitive? I don’t think this is necessarily a bad thing considering that the Fed Funds rate is below the rate being offered on most certificates of deposit these days.

“At what point do banks start to lose a significant % of deposits?” I don’t understand this question. All banks will move their deposit rates down, albeit to varying degrees. Where is a person going to go if they want an FDIC insured deposit? Are you suggesting that people will take their deposits out of banks due to the low rates and invest them in some other instrument with the same risk profile that’s got a higher yield? I’m curious as to what that instrument might be.

[davelj]

kewp,

“Borrowing from the Fed to keep minimum reserves” doesn’t make any sense. Fed borrowings don’t count as Tier I or Tier II capital. And they have nothing to do with Loan Loss Reserves. Maybe you mean that banks are borrowing from the Fed to help maintain liquidity because the deposit market is very competitive? I don’t think this is necessarily a bad thing considering that the Fed Funds rate is below the rate being offered on most certificates of deposit these days.

“At what point do banks start to lose a significant % of deposits?” I don’t understand this question. All banks will move their deposit rates down, albeit to varying degrees. Where is a person going to go if they want an FDIC insured deposit? Are you suggesting that people will take their deposits out of banks due to the low rates and invest them in some other instrument with the same risk profile that’s got a higher yield? I’m curious as to what that instrument might be.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[HereWeGo]

At what point does capital flight become a risk? At what point do banks start to lose a significant % of deposits?

[HereWeGo]

At what point does capital flight become a risk? At what point do banks start to lose a significant % of deposits?

[HereWeGo]

At what point does capital flight become a risk? At what point do banks start to lose a significant % of deposits?

[HereWeGo]

At what point does capital flight become a risk? At what point do banks start to lose a significant % of deposits?

[davelj]

Wall Street to Uncle Ben:

“WHAAAAAAAA!! WHAAAAAAAAA!! BABY WANT MORE CAKE AND CANDY!! WHAAAAAAAAAAA!!”

But I repeat myself.

[davelj]

Wall Street to Uncle Ben:

“WHAAAAAAAA!! WHAAAAAAAAA!! BABY WANT MORE CAKE AND CANDY!! WHAAAAAAAAAAA!!”

But I repeat myself.

[davelj]

Wall Street to Uncle Ben:

“WHAAAAAAAA!! WHAAAAAAAAA!! BABY WANT MORE CAKE AND CANDY!! WHAAAAAAAAAAA!!”

But I repeat myself.

[davelj]

Wall Street to Uncle Ben:

“WHAAAAAAAA!! WHAAAAAAAAA!! BABY WANT MORE CAKE AND CANDY!! WHAAAAAAAAAAA!!”

But I repeat myself.

[Raybyrnes]

When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level. Seems like that variable rate was the smarrt move after all. Anyone willing to conced that those who took the risk are going to be rewarded.

Election Year. had to bank on this.

[Arty]

We will be like Japan that used to be at 0% and can’t do anything.

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[Arty]

We will be like Japan that used to be at 0% and can’t do anything.

[Arty]

We will be like Japan that used to be at 0% and can’t do anything.

[Arty]

We will be like Japan that used to be at 0% and can’t do anything.

[Arty]

We will be like Japan that used to be at 0% and can’t do anything.

[Raybyrnes]

When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level. Seems like that variable rate was the smarrt move after all. Anyone willing to conced that those who took the risk are going to be rewarded.

Election Year. had to bank on this.

[Raybyrnes]

When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level. Seems like that variable rate was the smarrt move after all. Anyone willing to conced that those who took the risk are going to be rewarded.

Election Year. had to bank on this.

[Raybyrnes]

When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level. Seems like that variable rate was the smarrt move after all. Anyone willing to conced that those who took the risk are going to be rewarded.

Election Year. had to bank on this.

[Raybyrnes]

When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level. Seems like that variable rate was the smarrt move after all. Anyone willing to conced that those who took the risk are going to be rewarded.

Election Year. had to bank on this.

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Coronita]

Look in the mirror

I think we're all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don't alarm them. Not because I'm on this site which I do lurk, but because my industry was in the front line and part of the problem. You'd be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50's who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won't affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they're well insulated. And to state that 'Well, I'm ok.' Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

 

Well said….

 

This is what a lot of you folks wanted though. You wanted a recession. You wanted things to get so hairy that people start losing their jobs left and right, so there would be firesales. Come on, where's that spirit now…You folks aren't flinching now, even though your own steady income is now sort of a starting to shake a bit directlyror indirectly, are you?

 

Me, I'm terrified of this recession.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[lendingbubblecontinues]

Bring on the pain…

This country NEEDS it to survive.

Terrified? Of what?

[NotCranky]

“When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level”

What are the terms of the notes from here on out? Many still borrowed way too much and the adjustment periods are for shorter period of time from reset on out. I don’t think the arm and option arm people are out of the woods yet. There is all kinds of paper out there. Some of the terms had actual rates going up at least a certain amount regardless of market rates. I don’t know how universal it was but I believe arm people paid more points too.

[drunkle]

flu:

come on now, it seems to me that only a small minority were aggressively cheering a recession. maybe they really are in a position to weather it out? but everyone else seems far more pragmatic about things; payback is coming and it’s going to be a bitch. better now than later. there’s no free lunch, right, so wishing the problem away with a rate cut and some “free” money (aka, refund-go-round) won’t work.

and pb’s post didn’t even make any sense. “The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. ” what does that even mean? because quite frankly, we all know who to blame for this shit storm.

edit: why does this theme seem familiar, “be careful what you wish for”… a recurring post topic lately? or a mother goose/twilight zone fable…

[drunkle]

flu:

come on now, it seems to me that only a small minority were aggressively cheering a recession. maybe they really are in a position to weather it out? but everyone else seems far more pragmatic about things; payback is coming and it’s going to be a bitch. better now than later. there’s no free lunch, right, so wishing the problem away with a rate cut and some “free” money (aka, refund-go-round) won’t work.

and pb’s post didn’t even make any sense. “The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. ” what does that even mean? because quite frankly, we all know who to blame for this shit storm.

edit: why does this theme seem familiar, “be careful what you wish for”… a recurring post topic lately? or a mother goose/twilight zone fable…

[drunkle]

flu:

come on now, it seems to me that only a small minority were aggressively cheering a recession. maybe they really are in a position to weather it out? but everyone else seems far more pragmatic about things; payback is coming and it’s going to be a bitch. better now than later. there’s no free lunch, right, so wishing the problem away with a rate cut and some “free” money (aka, refund-go-round) won’t work.

and pb’s post didn’t even make any sense. “The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. ” what does that even mean? because quite frankly, we all know who to blame for this shit storm.

edit: why does this theme seem familiar, “be careful what you wish for”… a recurring post topic lately? or a mother goose/twilight zone fable…

[drunkle]

flu:

come on now, it seems to me that only a small minority were aggressively cheering a recession. maybe they really are in a position to weather it out? but everyone else seems far more pragmatic about things; payback is coming and it’s going to be a bitch. better now than later. there’s no free lunch, right, so wishing the problem away with a rate cut and some “free” money (aka, refund-go-round) won’t work.

and pb’s post didn’t even make any sense. “The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. ” what does that even mean? because quite frankly, we all know who to blame for this shit storm.

edit: why does this theme seem familiar, “be careful what you wish for”… a recurring post topic lately? or a mother goose/twilight zone fable…

[drunkle]

flu:

come on now, it seems to me that only a small minority were aggressively cheering a recession. maybe they really are in a position to weather it out? but everyone else seems far more pragmatic about things; payback is coming and it’s going to be a bitch. better now than later. there’s no free lunch, right, so wishing the problem away with a rate cut and some “free” money (aka, refund-go-round) won’t work.

and pb’s post didn’t even make any sense. “The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. ” what does that even mean? because quite frankly, we all know who to blame for this shit storm.

edit: why does this theme seem familiar, “be careful what you wish for”… a recurring post topic lately? or a mother goose/twilight zone fable…

[NotCranky]

“When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level”

What are the terms of the notes from here on out? Many still borrowed way too much and the adjustment periods are for shorter period of time from reset on out. I don’t think the arm and option arm people are out of the woods yet. There is all kinds of paper out there. Some of the terms had actual rates going up at least a certain amount regardless of market rates. I don’t know how universal it was but I believe arm people paid more points too.

[NotCranky]

“When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level”

What are the terms of the notes from here on out? Many still borrowed way too much and the adjustment periods are for shorter period of time from reset on out. I don’t think the arm and option arm people are out of the woods yet. There is all kinds of paper out there. Some of the terms had actual rates going up at least a certain amount regardless of market rates. I don’t know how universal it was but I believe arm people paid more points too.

[NotCranky]

“When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level”

What are the terms of the notes from here on out? Many still borrowed way too much and the adjustment periods are for shorter period of time from reset on out. I don’t think the arm and option arm people are out of the woods yet. There is all kinds of paper out there. Some of the terms had actual rates going up at least a certain amount regardless of market rates. I don’t know how universal it was but I believe arm people paid more points too.

[NotCranky]

“When do people start blasting those who did fixed rates at 6% when theey could ahve had 4% variable rates for a 5 year period that are now going to reset at that same level”

What are the terms of the notes from here on out? Many still borrowed way too much and the adjustment periods are for shorter period of time from reset on out. I don’t think the arm and option arm people are out of the woods yet. There is all kinds of paper out there. Some of the terms had actual rates going up at least a certain amount regardless of market rates. I don’t know how universal it was but I believe arm people paid more points too.

[SD Realtor]

I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.

Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.

Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)

Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?

I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.

Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.

Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…

SD Realtor

[patientlywaiting]

I personally like slow growth times. I did well in the early to mid 1990s. In those times, only the very best succeed.

Due to my conservative nature, I don’t like boom times where the tides lift all boats.

For example, I would never offer on a house upon first viewing. In my opinion, people who bought sight unseen and made money did not deserve it. They just got lucky.

The dot.com boom was just ludicrous. It was all hype. And so was the Y2K deal. I knew nothing would happen and nothing did. BTW, the Fed injected massive liquidity into the banking system to avoid a crash at that time. And every tech firm was hawking Y2K consulting. I resisted a much as I could but had to spend money to “insure” against the Y2K bug. Ridiculous! What was wrong with shutting down the computers for one day a taking a day off?

I’ve come to beleive that all the “new paradigms” are marketing hypes that end up in big crashes.

I’m all for a hard recession to reset our national priorities. Let’s get back to sustainable growth based on real productivity. Vaporware needs to die once and for all.

And, yes, let’s slash government spending. The bureaucrats got fat and lazy during the good times also. Public spending needs to be re-adjusted to provide real value.

Personally, I’ve got nothing to worry about. I’ve got no debt and hardly any expenses. I’m not boasting here. But it’s about time that financially responsible folks got some recognition in this country.

[Coronita]

patientlywaiting,

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

I can think of a few businesses that would be this case, like repo/auction houses, collection agencies perhaps. But what specifically do you do that allows you to be "better" off in a downturn economy?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Realtor]

“Personally, I’ve got nothing to worry about.”

Is the same true for all of your relatives and friends?

SD Realtor

[SD Realtor]

“Personally, I’ve got nothing to worry about.”

Is the same true for all of your relatives and friends?

SD Realtor

[SD Realtor]

“Personally, I’ve got nothing to worry about.”

Is the same true for all of your relatives and friends?

SD Realtor

[SD Realtor]

“Personally, I’ve got nothing to worry about.”

Is the same true for all of your relatives and friends?

SD Realtor

[SD Realtor]

“Personally, I’ve got nothing to worry about.”

Is the same true for all of your relatives and friends?

SD Realtor

[Coronita]

patientlywaiting,

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

I can think of a few businesses that would be this case, like repo/auction houses, collection agencies perhaps. But what specifically do you do that allows you to be "better" off in a downturn economy?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

patientlywaiting,

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

I can think of a few businesses that would be this case, like repo/auction houses, collection agencies perhaps. But what specifically do you do that allows you to be "better" off in a downturn economy?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

patientlywaiting,

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

I can think of a few businesses that would be this case, like repo/auction houses, collection agencies perhaps. But what specifically do you do that allows you to be "better" off in a downturn economy?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

patientlywaiting,

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

I can think of a few businesses that would be this case, like repo/auction houses, collection agencies perhaps. But what specifically do you do that allows you to be "better" off in a downturn economy?

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[temeculaguy]

FLU, no apology needed, just that it wasn’t directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It’s the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today’s bubble victim will see the next one coming and act accordingly.

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

You busted the margins, Flu. I like the comic though. 🙂

[Anonymous]

You busted the margins, Flu. I like the comic though. 🙂

[Anonymous]

You busted the margins, Flu. I like the comic though. 🙂

[Anonymous]

You busted the margins, Flu. I like the comic though. 🙂

[Anonymous]

You busted the margins, Flu. I like the comic though. 🙂

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[temeculaguy]

FLU, no apology needed, just that it wasn’t directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It’s the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today’s bubble victim will see the next one coming and act accordingly.

[temeculaguy]

FLU, no apology needed, just that it wasn’t directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It’s the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today’s bubble victim will see the next one coming and act accordingly.

[temeculaguy]

FLU, no apology needed, just that it wasn’t directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It’s the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today’s bubble victim will see the next one coming and act accordingly.

[temeculaguy]

FLU, no apology needed, just that it wasn’t directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It’s the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today’s bubble victim will see the next one coming and act accordingly.

[patientlywaiting]

I personally like slow growth times. I did well in the early to mid 1990s. In those times, only the very best succeed.

Due to my conservative nature, I don’t like boom times where the tides lift all boats.

For example, I would never offer on a house upon first viewing. In my opinion, people who bought sight unseen and made money did not deserve it. They just got lucky.

The dot.com boom was just ludicrous. It was all hype. And so was the Y2K deal. I knew nothing would happen and nothing did. BTW, the Fed injected massive liquidity into the banking system to avoid a crash at that time. And every tech firm was hawking Y2K consulting. I resisted a much as I could but had to spend money to “insure” against the Y2K bug. Ridiculous! What was wrong with shutting down the computers for one day a taking a day off?

I’ve come to beleive that all the “new paradigms” are marketing hypes that end up in big crashes.

I’m all for a hard recession to reset our national priorities. Let’s get back to sustainable growth based on real productivity. Vaporware needs to die once and for all.

And, yes, let’s slash government spending. The bureaucrats got fat and lazy during the good times also. Public spending needs to be re-adjusted to provide real value.

Personally, I’ve got nothing to worry about. I’ve got no debt and hardly any expenses. I’m not boasting here. But it’s about time that financially responsible folks got some recognition in this country.

[patientlywaiting]

I personally like slow growth times. I did well in the early to mid 1990s. In those times, only the very best succeed.

Due to my conservative nature, I don’t like boom times where the tides lift all boats.

For example, I would never offer on a house upon first viewing. In my opinion, people who bought sight unseen and made money did not deserve it. They just got lucky.

The dot.com boom was just ludicrous. It was all hype. And so was the Y2K deal. I knew nothing would happen and nothing did. BTW, the Fed injected massive liquidity into the banking system to avoid a crash at that time. And every tech firm was hawking Y2K consulting. I resisted a much as I could but had to spend money to “insure” against the Y2K bug. Ridiculous! What was wrong with shutting down the computers for one day a taking a day off?

I’ve come to beleive that all the “new paradigms” are marketing hypes that end up in big crashes.

I’m all for a hard recession to reset our national priorities. Let’s get back to sustainable growth based on real productivity. Vaporware needs to die once and for all.

And, yes, let’s slash government spending. The bureaucrats got fat and lazy during the good times also. Public spending needs to be re-adjusted to provide real value.

Personally, I’ve got nothing to worry about. I’ve got no debt and hardly any expenses. I’m not boasting here. But it’s about time that financially responsible folks got some recognition in this country.

[patientlywaiting]

I personally like slow growth times. I did well in the early to mid 1990s. In those times, only the very best succeed.

Due to my conservative nature, I don’t like boom times where the tides lift all boats.

For example, I would never offer on a house upon first viewing. In my opinion, people who bought sight unseen and made money did not deserve it. They just got lucky.

The dot.com boom was just ludicrous. It was all hype. And so was the Y2K deal. I knew nothing would happen and nothing did. BTW, the Fed injected massive liquidity into the banking system to avoid a crash at that time. And every tech firm was hawking Y2K consulting. I resisted a much as I could but had to spend money to “insure” against the Y2K bug. Ridiculous! What was wrong with shutting down the computers for one day a taking a day off?

I’ve come to beleive that all the “new paradigms” are marketing hypes that end up in big crashes.

I’m all for a hard recession to reset our national priorities. Let’s get back to sustainable growth based on real productivity. Vaporware needs to die once and for all.

And, yes, let’s slash government spending. The bureaucrats got fat and lazy during the good times also. Public spending needs to be re-adjusted to provide real value.

Personally, I’ve got nothing to worry about. I’ve got no debt and hardly any expenses. I’m not boasting here. But it’s about time that financially responsible folks got some recognition in this country.

[patientlywaiting]

I personally like slow growth times. I did well in the early to mid 1990s. In those times, only the very best succeed.

Due to my conservative nature, I don’t like boom times where the tides lift all boats.

For example, I would never offer on a house upon first viewing. In my opinion, people who bought sight unseen and made money did not deserve it. They just got lucky.

The dot.com boom was just ludicrous. It was all hype. And so was the Y2K deal. I knew nothing would happen and nothing did. BTW, the Fed injected massive liquidity into the banking system to avoid a crash at that time. And every tech firm was hawking Y2K consulting. I resisted a much as I could but had to spend money to “insure” against the Y2K bug. Ridiculous! What was wrong with shutting down the computers for one day a taking a day off?

I’ve come to beleive that all the “new paradigms” are marketing hypes that end up in big crashes.

I’m all for a hard recession to reset our national priorities. Let’s get back to sustainable growth based on real productivity. Vaporware needs to die once and for all.

And, yes, let’s slash government spending. The bureaucrats got fat and lazy during the good times also. Public spending needs to be re-adjusted to provide real value.

Personally, I’ve got nothing to worry about. I’ve got no debt and hardly any expenses. I’m not boasting here. But it’s about time that financially responsible folks got some recognition in this country.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[Raybyrnes]

lendingbubble

If your argument is along the lines of natural fires are destructive but are neceeswary for the survival of the forest then I understand where you are coming from. But man is it hard when you are a deer in that forest.

[lendingbubblecontinues]

Yes, I don’t want to see Bambi get burned either, but your kids and mine will only avoid Zimbabwean style economics if we work through this thing now instead of later.

[lendingbubblecontinues]

Yes, I don’t want to see Bambi get burned either, but your kids and mine will only avoid Zimbabwean style economics if we work through this thing now instead of later.

[lendingbubblecontinues]

Yes, I don’t want to see Bambi get burned either, but your kids and mine will only avoid Zimbabwean style economics if we work through this thing now instead of later.

[lendingbubblecontinues]

Yes, I don’t want to see Bambi get burned either, but your kids and mine will only avoid Zimbabwean style economics if we work through this thing now instead of later.

[lendingbubblecontinues]

Yes, I don’t want to see Bambi get burned either, but your kids and mine will only avoid Zimbabwean style economics if we work through this thing now instead of later.

[Raybyrnes]

lendingbubble

If your argument is along the lines of natural fires are destructive but are neceeswary for the survival of the forest then I understand where you are coming from. But man is it hard when you are a deer in that forest.

[Raybyrnes]

lendingbubble

If your argument is along the lines of natural fires are destructive but are neceeswary for the survival of the forest then I understand where you are coming from. But man is it hard when you are a deer in that forest.

[Raybyrnes]

lendingbubble

If your argument is along the lines of natural fires are destructive but are neceeswary for the survival of the forest then I understand where you are coming from. But man is it hard when you are a deer in that forest.

[Raybyrnes]

lendingbubble

If your argument is along the lines of natural fires are destructive but are neceeswary for the survival of the forest then I understand where you are coming from. But man is it hard when you are a deer in that forest.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[TheBreeze]

Several weeks back myself and my engineering staff were laid off …

Kewp – Besides my job job I have 3 small businesses.

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I’m supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they’ll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There’s tons of opportunity in this country if people are just willing to sacrifice a bit. Most don’t though. And then they whine about how cruel and unfair the world is. Waaah.

[Coronita]

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I'm supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they'll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There's tons of opportunity in this country if people are just willing to sacrifice a bit. Most don't though. And then they whine about how cruel and unfair the world is. Waaah.

 

 

Good grief.  I think it's suffice to say that most people here that are regulars, regardless of background or what not are not the average american waster type of person. Not SDR, not me, or frankly a lot of "engineers" on this forum. I don't think we're starting that we want any of your "sympathy" frankly. In fact, again suffice to say I could get on my preachy soapbox and say a lot of americans got pushed out of decent paying technical engineering fields because they didn't make the cut in school, but I won't go there either. Again, this thread goes on that "I'm going to be immune from this recession" and "bring it on". There's an economic pecking order, and depending on how bad this recession will be, it will depend on who gets pecked and who doesn't. And it seems some (not all of us) have not come to the realization that we're lower on the food chain that we think we are. For example take all these "engineers" that aren't normally handy at doing other things, and you have them start cutting back on other things like plumbing, heating, nice to haves, stop spending at retail stores, stop offering employment to temps etc, and well, the dominos start to fall.

Again, not disagreeing that this is what "should" happen or what's probably "better" for the long run.  

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I'm supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they'll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There's tons of opportunity in this country if people are just willing to sacrifice a bit. Most don't though. And then they whine about how cruel and unfair the world is. Waaah.

 

 

Good grief.  I think it's suffice to say that most people here that are regulars, regardless of background or what not are not the average american waster type of person. Not SDR, not me, or frankly a lot of "engineers" on this forum. I don't think we're starting that we want any of your "sympathy" frankly. In fact, again suffice to say I could get on my preachy soapbox and say a lot of americans got pushed out of decent paying technical engineering fields because they didn't make the cut in school, but I won't go there either. Again, this thread goes on that "I'm going to be immune from this recession" and "bring it on". There's an economic pecking order, and depending on how bad this recession will be, it will depend on who gets pecked and who doesn't. And it seems some (not all of us) have not come to the realization that we're lower on the food chain that we think we are. For example take all these "engineers" that aren't normally handy at doing other things, and you have them start cutting back on other things like plumbing, heating, nice to haves, stop spending at retail stores, stop offering employment to temps etc, and well, the dominos start to fall.

Again, not disagreeing that this is what "should" happen or what's probably "better" for the long run.  

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I'm supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they'll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There's tons of opportunity in this country if people are just willing to sacrifice a bit. Most don't though. And then they whine about how cruel and unfair the world is. Waaah.

 

 

Good grief.  I think it's suffice to say that most people here that are regulars, regardless of background or what not are not the average american waster type of person. Not SDR, not me, or frankly a lot of "engineers" on this forum. I don't think we're starting that we want any of your "sympathy" frankly. In fact, again suffice to say I could get on my preachy soapbox and say a lot of americans got pushed out of decent paying technical engineering fields because they didn't make the cut in school, but I won't go there either. Again, this thread goes on that "I'm going to be immune from this recession" and "bring it on". There's an economic pecking order, and depending on how bad this recession will be, it will depend on who gets pecked and who doesn't. And it seems some (not all of us) have not come to the realization that we're lower on the food chain that we think we are. For example take all these "engineers" that aren't normally handy at doing other things, and you have them start cutting back on other things like plumbing, heating, nice to haves, stop spending at retail stores, stop offering employment to temps etc, and well, the dominos start to fall.

Again, not disagreeing that this is what "should" happen or what's probably "better" for the long run.  

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I'm supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they'll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There's tons of opportunity in this country if people are just willing to sacrifice a bit. Most don't though. And then they whine about how cruel and unfair the world is. Waaah.

 

 

Good grief.  I think it's suffice to say that most people here that are regulars, regardless of background or what not are not the average american waster type of person. Not SDR, not me, or frankly a lot of "engineers" on this forum. I don't think we're starting that we want any of your "sympathy" frankly. In fact, again suffice to say I could get on my preachy soapbox and say a lot of americans got pushed out of decent paying technical engineering fields because they didn't make the cut in school, but I won't go there either. Again, this thread goes on that "I'm going to be immune from this recession" and "bring it on". There's an economic pecking order, and depending on how bad this recession will be, it will depend on who gets pecked and who doesn't. And it seems some (not all of us) have not come to the realization that we're lower on the food chain that we think we are. For example take all these "engineers" that aren't normally handy at doing other things, and you have them start cutting back on other things like plumbing, heating, nice to haves, stop spending at retail stores, stop offering employment to temps etc, and well, the dominos start to fall.

Again, not disagreeing that this is what "should" happen or what's probably "better" for the long run.  

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I'm supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they'll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There's tons of opportunity in this country if people are just willing to sacrifice a bit. Most don't though. And then they whine about how cruel and unfair the world is. Waaah.

 

 

Good grief.  I think it's suffice to say that most people here that are regulars, regardless of background or what not are not the average american waster type of person. Not SDR, not me, or frankly a lot of "engineers" on this forum. I don't think we're starting that we want any of your "sympathy" frankly. In fact, again suffice to say I could get on my preachy soapbox and say a lot of americans got pushed out of decent paying technical engineering fields because they didn't make the cut in school, but I won't go there either. Again, this thread goes on that "I'm going to be immune from this recession" and "bring it on". There's an economic pecking order, and depending on how bad this recession will be, it will depend on who gets pecked and who doesn't. And it seems some (not all of us) have not come to the realization that we're lower on the food chain that we think we are. For example take all these "engineers" that aren't normally handy at doing other things, and you have them start cutting back on other things like plumbing, heating, nice to haves, stop spending at retail stores, stop offering employment to temps etc, and well, the dominos start to fall.

Again, not disagreeing that this is what "should" happen or what's probably "better" for the long run.  

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Realtor]

Breeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.

Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.

Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.

No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.

Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.

Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.

SD Realtor

[SD Realtor]

Breeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.

Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.

Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.

No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.

Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.

Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.

SD Realtor

[SD Realtor]

Breeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.

Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.

Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.

No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.

Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.

Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.

SD Realtor

[SD Realtor]

Breeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.

Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.

Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.

No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.

Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.

Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.

SD Realtor

[SD Realtor]

Breeze no you are not supposed to feel sorry for me at all. My example is actually one that is supposed to display how fragile an engineering job can be. The example was not supposed to draw pity or anything of the sort.

Once more you my friend have missed the point entirely. I don’t want your pity for myself, for the american people, for anybody.

Many bulls get BLASTED for trying to portray a situation that is not based on fact, that is speculative in nature. In some respects sitting way up high on your pile of money looking down at the minyans and saying eh, let the bad times roll so they will all learn thier lessons, while you personally will not be affected, while NOBODY that you care about or have ever cared about will NEVER BE AFFECTED is a LIE. It is a fallacy that lies on the other end of the spectrum as those bulls who routinely get blasted.

No doubt there is tons of opportunity. You don’t need to tell me about it. I feel the same way about people who bitch about the price of housing Breeze. Hey people bitch about how you cannot afford a downpayment? Well work your ass off and save money. I do it. I work my ass off and have saved plenty of cash. I don’t personally wish for a monster recession to come and spank everyone back to a quaker like existence just so that I can afford a home. Talk about whining… how many posts do we see where people are whining about how they are priced out? Hey tough break for you pal, think about ways to make yourself more money to even the playing field rather then wishing that the playing field will come down to you.

Look I KNOW that there is no solution here. I don’t have a drop of sympathy for American citizens who overspend and such. I care about myself and family first, but also for my relatives and many friends I have. Many of them are hard working and they WILL be affected adversely. I know that there is no panacea that will not hurt and hurt badly and hurt those that deserve and do not deserve it.

Try this Breeze. List all of your relatives, list all of your friends and go down that list and see if none of them are affected. That they all are as well prepped as you and oh by the way when they do get whacked, make sure you tell them to pick it up and take a salt pill.

SD Realtor

[TheBreeze]

Several weeks back myself and my engineering staff were laid off …

Kewp – Besides my job job I have 3 small businesses.

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I’m supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they’ll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There’s tons of opportunity in this country if people are just willing to sacrifice a bit. Most don’t though. And then they whine about how cruel and unfair the world is. Waaah.

[TheBreeze]

Several weeks back myself and my engineering staff were laid off …

Kewp – Besides my job job I have 3 small businesses.

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I’m supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they’ll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There’s tons of opportunity in this country if people are just willing to sacrifice a bit. Most don’t though. And then they whine about how cruel and unfair the world is. Waaah.

[TheBreeze]

Several weeks back myself and my engineering staff were laid off …

Kewp – Besides my job job I have 3 small businesses.

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I’m supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they’ll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There’s tons of opportunity in this country if people are just willing to sacrifice a bit. Most don’t though. And then they whine about how cruel and unfair the world is. Waaah.

[TheBreeze]

Several weeks back myself and my engineering staff were laid off …

Kewp – Besides my job job I have 3 small businesses.

SD R,

Am I supposed to feel sorry for you and your ilk or marvel at what a masterful entrepreneur you are? Good grief. Either just break down and cry or assert your capitalistic dominance. Trying to do both in one post is a bit much.

Oh, and I’m supposed to feel sorry for laid off engineers? Did these laid-off engineers save during the good times or did they go in debt for million dollar homes and hummers? Are they now walking away from their obligations? I know some engineers and their salaries are usually pretty darn good. If they save during the good times, they’ll be fine during the down times.

I find it difficult to feel sorry for American citizens ever. There’s tons of opportunity in this country if people are just willing to sacrifice a bit. Most don’t though. And then they whine about how cruel and unfair the world is. Waaah.

[SD Realtor]

I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.

Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.

Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)

Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?

I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.

Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.

Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…

SD Realtor

[SD Realtor]

I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.

Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.

Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)

Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?

I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.

Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.

Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…

SD Realtor

[SD Realtor]

I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.

Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.

Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)

Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?

I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.

Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.

Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…

SD Realtor

[SD Realtor]

I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.

Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.

Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)

Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?

I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.

Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.

Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…

SD Realtor

[lendingbubblecontinues]

Bring on the pain…

This country NEEDS it to survive.

Terrified? Of what?

[lendingbubblecontinues]

Bring on the pain…

This country NEEDS it to survive.

Terrified? Of what?

[lendingbubblecontinues]

Bring on the pain…

This country NEEDS it to survive.

Terrified? Of what?

[lendingbubblecontinues]

Bring on the pain…

This country NEEDS it to survive.

Terrified? Of what?

[temeculaguy]

Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.

I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”

[temeculaguy]

Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.

I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”

[temeculaguy]

Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.

I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”

[temeculaguy]

Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.

I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”

[temeculaguy]

Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.

I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”

[Coronita]

Look in the mirror

I think we're all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don't alarm them. Not because I'm on this site which I do lurk, but because my industry was in the front line and part of the problem. You'd be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50's who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won't affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they're well insulated. And to state that 'Well, I'm ok.' Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

 

Well said….

 

This is what a lot of you folks wanted though. You wanted a recession. You wanted things to get so hairy that people start losing their jobs left and right, so there would be firesales. Come on, where's that spirit now…You folks aren't flinching now, even though your own steady income is now sort of a starting to shake a bit directlyror indirectly, are you?

 

Me, I'm terrified of this recession.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look in the mirror

I think we're all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don't alarm them. Not because I'm on this site which I do lurk, but because my industry was in the front line and part of the problem. You'd be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50's who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won't affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they're well insulated. And to state that 'Well, I'm ok.' Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

 

Well said….

 

This is what a lot of you folks wanted though. You wanted a recession. You wanted things to get so hairy that people start losing their jobs left and right, so there would be firesales. Come on, where's that spirit now…You folks aren't flinching now, even though your own steady income is now sort of a starting to shake a bit directlyror indirectly, are you?

 

Me, I'm terrified of this recession.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look in the mirror

I think we're all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don't alarm them. Not because I'm on this site which I do lurk, but because my industry was in the front line and part of the problem. You'd be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50's who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won't affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they're well insulated. And to state that 'Well, I'm ok.' Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

 

Well said….

 

This is what a lot of you folks wanted though. You wanted a recession. You wanted things to get so hairy that people start losing their jobs left and right, so there would be firesales. Come on, where's that spirit now…You folks aren't flinching now, even though your own steady income is now sort of a starting to shake a bit directlyror indirectly, are you?

 

Me, I'm terrified of this recession.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look in the mirror

I think we're all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don't alarm them. Not because I'm on this site which I do lurk, but because my industry was in the front line and part of the problem. You'd be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50's who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won't affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they're well insulated. And to state that 'Well, I'm ok.' Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

 

Well said….

 

This is what a lot of you folks wanted though. You wanted a recession. You wanted things to get so hairy that people start losing their jobs left and right, so there would be firesales. Come on, where's that spirit now…You folks aren't flinching now, even though your own steady income is now sort of a starting to shake a bit directlyror indirectly, are you?

 

Me, I'm terrified of this recession.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[Coronita]

temeculaguy and drunkle,

I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.

But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."

The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.

There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.

But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kewp]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn’t have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the ‘housing bubble’. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to ’08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I’m not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO’s to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

[Coronita]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn't have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the 'housing bubble'. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to '08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I'm not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO's to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

 

 

 

Um…. Thanks for exemplifying my point about "it can't affect me".

I'm not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren't affected by Arnold's proposals.

 

—-

http://www.nbc11.com/news/15080318/detail.html

The budget outlook is grim for the University of California.

Student fees may be going up 10 percent, higher than the 7 percent earlier projected.And it's possible the 10-campus system will have to consider turning away thousands of eligible students.

UC's governing board of regents heard those options as they met at UCLA Thursday.No action was taken, although the board is expected to decide what to do about fees in March. Tuition fees have increased steadily over the past five years.The average student now pays about $7,400 a year, not counting room, board and other expenses. Gov. Arnold Schwarzenegger has proposed a budget that gives UC a $417 million shortfall.

 

http://news.aol.com/story/_a/applications-soar-at-university-of/n20080129170509990028

SAN FRANCISCO (AP) – Each of the nine University of California campuses received a record number of applications for the coming fall, a time when the colleges are anticipating reductions in state funding.

More than 121,000 students have applied to a UC school for the fall 2008 semester, about 58 percent more than applied a decade ago, according to preliminary numbers released Tuesday by the university system.

UCLA received the most applications, 70,328, followed by UC Berkeley (60,709), UC San Diego (57,116), UC Santa Barbara (55,871) and UC Irvine (51,935).

Every campus is experiencing unprecedented demand, including ones that historically have had a harder time attracting students. For example, UC Santa Cruz and UC Riverside, which saw applications drop off slightly last year, are fielding 13.4 percent and 7 percent more, respectively.

The system's newest campus, UC Merced, had 10,180 applicants, 16 percent more than when it was enrolling its first class for the 2005-06 school year. UC Davis, with 48,653 applicants, had the next-biggest surge – 6,342, or 15 percent more than a year earlier.

For the UC system as a whole, the pool includes nearly 26,000 transfer students and 95,000 students seeking admission as freshmen, an increase of 9 percent over last year. The university accepted 57,318 of the 87,213 students who sought spots in the current freshmen class.

Although a boom in the nation's college-aged population partially explains the increases, university officials said it does not account for all of it. Freshmen applications from seniors at public high schools in California rose more than 6 percent, while public high schools are expected to graduate about 3 percent more students come June.

Even though higher education is facing the threat of funding cuts because of a projected state budget deficit, a system spokesman said the University of California hoped to continue its tradition of offering admission to every eligible student who applies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kewp]

Um…. Thanks for exemplifying my point about “it can’t affect me”.

I’m not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren’t affected by Arnold’s proposals.

Believe me I know all about the budget cuts, which are actually less than are what are being advertised if you the read the fine print.

This goes back to my theory that this is a lot of puffery from the Governator prior to pushing for a tax hike.

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

[Coronita]

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

 

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don't you think somehow you're going to be affected? Do you really think all this shortfall can be passed onto students as tuition hikes? Again, revisit the last shortfalls that occured at the UC systems. If you still think your not connected to the relative health of the state/fed government, I'm glad you can see through the optimism.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kewp]

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?

Read the fine print!

It’s $417 million less than what the Regents asked for.

We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.

Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.

If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.

But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂

[kewp]

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?

Read the fine print!

It’s $417 million less than what the Regents asked for.

We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.

Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.

If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.

But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂

[kewp]

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?

Read the fine print!

It’s $417 million less than what the Regents asked for.

We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.

Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.

If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.

But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂

[kewp]

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?

Read the fine print!

It’s $417 million less than what the Regents asked for.

We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.

Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.

If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.

But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂

[kewp]

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don’t you think somehow you’re going to be affected?

Read the fine print!

It’s $417 million less than what the Regents asked for.

We are getting a $223 million budget increase, then taking a 10% ($332 million) haircut. So really its more like getting $90 million dinged off of our current budget.

Since students are our #1 cost, its easy to make that up by restricting enrollment and raising fees. Which is not an issue because we have kids clamoring at the door to get in.

If the state/fed government goes kaput, yeah I’m (and you and everyone else) in deep doo-doo.

But personally, my opinion is we can easily balance our budget if we stop waging war while cutting taxes for rich people. Hopefully President Obama will do that. 🙂

[Coronita]

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

 

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don't you think somehow you're going to be affected? Do you really think all this shortfall can be passed onto students as tuition hikes? Again, revisit the last shortfalls that occured at the UC systems. If you still think your not connected to the relative health of the state/fed government, I'm glad you can see through the optimism.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

 

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don't you think somehow you're going to be affected? Do you really think all this shortfall can be passed onto students as tuition hikes? Again, revisit the last shortfalls that occured at the UC systems. If you still think your not connected to the relative health of the state/fed government, I'm glad you can see through the optimism.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

 

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don't you think somehow you're going to be affected? Do you really think all this shortfall can be passed onto students as tuition hikes? Again, revisit the last shortfalls that occured at the UC systems. If you still think your not connected to the relative health of the state/fed government, I'm glad you can see through the optimism.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

 

Um, kewp, again not trying to pick up a fight here. But when an organization, your organization that employees you, declares they have at least a $417million shortfall, don't you think somehow you're going to be affected? Do you really think all this shortfall can be passed onto students as tuition hikes? Again, revisit the last shortfalls that occured at the UC systems. If you still think your not connected to the relative health of the state/fed government, I'm glad you can see through the optimism.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kewp]

Um…. Thanks for exemplifying my point about “it can’t affect me”.

I’m not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren’t affected by Arnold’s proposals.

Believe me I know all about the budget cuts, which are actually less than are what are being advertised if you the read the fine print.

This goes back to my theory that this is a lot of puffery from the Governator prior to pushing for a tax hike.

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

[kewp]

Um…. Thanks for exemplifying my point about “it can’t affect me”.

I’m not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren’t affected by Arnold’s proposals.

Believe me I know all about the budget cuts, which are actually less than are what are being advertised if you the read the fine print.

This goes back to my theory that this is a lot of puffery from the Governator prior to pushing for a tax hike.

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

[kewp]

Um…. Thanks for exemplifying my point about “it can’t affect me”.

I’m not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren’t affected by Arnold’s proposals.

Believe me I know all about the budget cuts, which are actually less than are what are being advertised if you the read the fine print.

This goes back to my theory that this is a lot of puffery from the Governator prior to pushing for a tax hike.

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

[kewp]

Um…. Thanks for exemplifying my point about “it can’t affect me”.

I’m not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren’t affected by Arnold’s proposals.

Believe me I know all about the budget cuts, which are actually less than are what are being advertised if you the read the fine print.

This goes back to my theory that this is a lot of puffery from the Governator prior to pushing for a tax hike.

Anyway, go back and read that article you posted. We can easily make up budget shortfalls by raising student fees and cutting admissions.

[Coronita]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn't have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the 'housing bubble'. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to '08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I'm not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO's to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

 

 

 

Um…. Thanks for exemplifying my point about "it can't affect me".

I'm not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren't affected by Arnold's proposals.

 

—-

http://www.nbc11.com/news/15080318/detail.html

The budget outlook is grim for the University of California.

Student fees may be going up 10 percent, higher than the 7 percent earlier projected.And it's possible the 10-campus system will have to consider turning away thousands of eligible students.

UC's governing board of regents heard those options as they met at UCLA Thursday.No action was taken, although the board is expected to decide what to do about fees in March. Tuition fees have increased steadily over the past five years.The average student now pays about $7,400 a year, not counting room, board and other expenses. Gov. Arnold Schwarzenegger has proposed a budget that gives UC a $417 million shortfall.

 

http://news.aol.com/story/_a/applications-soar-at-university-of/n20080129170509990028

SAN FRANCISCO (AP) – Each of the nine University of California campuses received a record number of applications for the coming fall, a time when the colleges are anticipating reductions in state funding.

More than 121,000 students have applied to a UC school for the fall 2008 semester, about 58 percent more than applied a decade ago, according to preliminary numbers released Tuesday by the university system.

UCLA received the most applications, 70,328, followed by UC Berkeley (60,709), UC San Diego (57,116), UC Santa Barbara (55,871) and UC Irvine (51,935).

Every campus is experiencing unprecedented demand, including ones that historically have had a harder time attracting students. For example, UC Santa Cruz and UC Riverside, which saw applications drop off slightly last year, are fielding 13.4 percent and 7 percent more, respectively.

The system's newest campus, UC Merced, had 10,180 applicants, 16 percent more than when it was enrolling its first class for the 2005-06 school year. UC Davis, with 48,653 applicants, had the next-biggest surge – 6,342, or 15 percent more than a year earlier.

For the UC system as a whole, the pool includes nearly 26,000 transfer students and 95,000 students seeking admission as freshmen, an increase of 9 percent over last year. The university accepted 57,318 of the 87,213 students who sought spots in the current freshmen class.

Although a boom in the nation's college-aged population partially explains the increases, university officials said it does not account for all of it. Freshmen applications from seniors at public high schools in California rose more than 6 percent, while public high schools are expected to graduate about 3 percent more students come June.

Even though higher education is facing the threat of funding cuts because of a projected state budget deficit, a system spokesman said the University of California hoped to continue its tradition of offering admission to every eligible student who applies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn't have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the 'housing bubble'. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to '08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I'm not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO's to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

 

 

 

Um…. Thanks for exemplifying my point about "it can't affect me".

I'm not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren't affected by Arnold's proposals.

 

—-

http://www.nbc11.com/news/15080318/detail.html

The budget outlook is grim for the University of California.

Student fees may be going up 10 percent, higher than the 7 percent earlier projected.And it's possible the 10-campus system will have to consider turning away thousands of eligible students.

UC's governing board of regents heard those options as they met at UCLA Thursday.No action was taken, although the board is expected to decide what to do about fees in March. Tuition fees have increased steadily over the past five years.The average student now pays about $7,400 a year, not counting room, board and other expenses. Gov. Arnold Schwarzenegger has proposed a budget that gives UC a $417 million shortfall.

 

http://news.aol.com/story/_a/applications-soar-at-university-of/n20080129170509990028

SAN FRANCISCO (AP) – Each of the nine University of California campuses received a record number of applications for the coming fall, a time when the colleges are anticipating reductions in state funding.

More than 121,000 students have applied to a UC school for the fall 2008 semester, about 58 percent more than applied a decade ago, according to preliminary numbers released Tuesday by the university system.

UCLA received the most applications, 70,328, followed by UC Berkeley (60,709), UC San Diego (57,116), UC Santa Barbara (55,871) and UC Irvine (51,935).

Every campus is experiencing unprecedented demand, including ones that historically have had a harder time attracting students. For example, UC Santa Cruz and UC Riverside, which saw applications drop off slightly last year, are fielding 13.4 percent and 7 percent more, respectively.

The system's newest campus, UC Merced, had 10,180 applicants, 16 percent more than when it was enrolling its first class for the 2005-06 school year. UC Davis, with 48,653 applicants, had the next-biggest surge – 6,342, or 15 percent more than a year earlier.

For the UC system as a whole, the pool includes nearly 26,000 transfer students and 95,000 students seeking admission as freshmen, an increase of 9 percent over last year. The university accepted 57,318 of the 87,213 students who sought spots in the current freshmen class.

Although a boom in the nation's college-aged population partially explains the increases, university officials said it does not account for all of it. Freshmen applications from seniors at public high schools in California rose more than 6 percent, while public high schools are expected to graduate about 3 percent more students come June.

Even though higher education is facing the threat of funding cuts because of a projected state budget deficit, a system spokesman said the University of California hoped to continue its tradition of offering admission to every eligible student who applies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn't have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the 'housing bubble'. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to '08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I'm not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO's to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

 

 

 

Um…. Thanks for exemplifying my point about "it can't affect me".

I'm not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren't affected by Arnold's proposals.

 

—-

http://www.nbc11.com/news/15080318/detail.html

The budget outlook is grim for the University of California.

Student fees may be going up 10 percent, higher than the 7 percent earlier projected.And it's possible the 10-campus system will have to consider turning away thousands of eligible students.

UC's governing board of regents heard those options as they met at UCLA Thursday.No action was taken, although the board is expected to decide what to do about fees in March. Tuition fees have increased steadily over the past five years.The average student now pays about $7,400 a year, not counting room, board and other expenses. Gov. Arnold Schwarzenegger has proposed a budget that gives UC a $417 million shortfall.

 

http://news.aol.com/story/_a/applications-soar-at-university-of/n20080129170509990028

SAN FRANCISCO (AP) – Each of the nine University of California campuses received a record number of applications for the coming fall, a time when the colleges are anticipating reductions in state funding.

More than 121,000 students have applied to a UC school for the fall 2008 semester, about 58 percent more than applied a decade ago, according to preliminary numbers released Tuesday by the university system.

UCLA received the most applications, 70,328, followed by UC Berkeley (60,709), UC San Diego (57,116), UC Santa Barbara (55,871) and UC Irvine (51,935).

Every campus is experiencing unprecedented demand, including ones that historically have had a harder time attracting students. For example, UC Santa Cruz and UC Riverside, which saw applications drop off slightly last year, are fielding 13.4 percent and 7 percent more, respectively.

The system's newest campus, UC Merced, had 10,180 applicants, 16 percent more than when it was enrolling its first class for the 2005-06 school year. UC Davis, with 48,653 applicants, had the next-biggest surge – 6,342, or 15 percent more than a year earlier.

For the UC system as a whole, the pool includes nearly 26,000 transfer students and 95,000 students seeking admission as freshmen, an increase of 9 percent over last year. The university accepted 57,318 of the 87,213 students who sought spots in the current freshmen class.

Although a boom in the nation's college-aged population partially explains the increases, university officials said it does not account for all of it. Freshmen applications from seniors at public high schools in California rose more than 6 percent, while public high schools are expected to graduate about 3 percent more students come June.

Even though higher education is facing the threat of funding cuts because of a projected state budget deficit, a system spokesman said the University of California hoped to continue its tradition of offering admission to every eligible student who applies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn't have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the 'housing bubble'. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to '08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I'm not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO's to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

 

 

 

Um…. Thanks for exemplifying my point about "it can't affect me".

I'm not trying to pick on you, so sorry if it comes across this way…You might want to revisit history about the last time CA had a budget crisis, and what happened to Junior Colleges and UC schools in terms of funding, grants, etc. I hope you aren't affected by Arnold's proposals.

 

—-

http://www.nbc11.com/news/15080318/detail.html

The budget outlook is grim for the University of California.

Student fees may be going up 10 percent, higher than the 7 percent earlier projected.And it's possible the 10-campus system will have to consider turning away thousands of eligible students.

UC's governing board of regents heard those options as they met at UCLA Thursday.No action was taken, although the board is expected to decide what to do about fees in March. Tuition fees have increased steadily over the past five years.The average student now pays about $7,400 a year, not counting room, board and other expenses. Gov. Arnold Schwarzenegger has proposed a budget that gives UC a $417 million shortfall.

 

http://news.aol.com/story/_a/applications-soar-at-university-of/n20080129170509990028

SAN FRANCISCO (AP) – Each of the nine University of California campuses received a record number of applications for the coming fall, a time when the colleges are anticipating reductions in state funding.

More than 121,000 students have applied to a UC school for the fall 2008 semester, about 58 percent more than applied a decade ago, according to preliminary numbers released Tuesday by the university system.

UCLA received the most applications, 70,328, followed by UC Berkeley (60,709), UC San Diego (57,116), UC Santa Barbara (55,871) and UC Irvine (51,935).

Every campus is experiencing unprecedented demand, including ones that historically have had a harder time attracting students. For example, UC Santa Cruz and UC Riverside, which saw applications drop off slightly last year, are fielding 13.4 percent and 7 percent more, respectively.

The system's newest campus, UC Merced, had 10,180 applicants, 16 percent more than when it was enrolling its first class for the 2005-06 school year. UC Davis, with 48,653 applicants, had the next-biggest surge – 6,342, or 15 percent more than a year earlier.

For the UC system as a whole, the pool includes nearly 26,000 transfer students and 95,000 students seeking admission as freshmen, an increase of 9 percent over last year. The university accepted 57,318 of the 87,213 students who sought spots in the current freshmen class.

Although a boom in the nation's college-aged population partially explains the increases, university officials said it does not account for all of it. Freshmen applications from seniors at public high schools in California rose more than 6 percent, while public high schools are expected to graduate about 3 percent more students come June.

Even though higher education is facing the threat of funding cuts because of a projected state budget deficit, a system spokesman said the University of California hoped to continue its tradition of offering admission to every eligible student who applies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Transplant]

Kewp,

Funny how things have a simular trend. At some point, we might have rubbed elbows at Akamai. I’ve lost my pants in the tech bubble (last one w/ Akamai).

I bet you are up to speed the old TruSolutions/VA Linux servers then 🙂

Ahhhhhh…….the good old days 🙂 (ping pong table in the lunch room, free vending machines, AMEX budget for travel & technical books…..lots of worthless stock options)….it’s all coming back to me now

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I’ve had the same job since (lower paid but stable & allowed me to get an MBA)

[Coronita]

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)

 

Ah yes, very familiar with that route.

1)Those that went to RE

OR

2)Those that went to get an MBA.

 

Did I mention that there is an oversupply of MBAs too?

In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project  overseas too. Oh the irony.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)

 

Ah yes, very familiar with that route.

1)Those that went to RE

OR

2)Those that went to get an MBA.

 

Did I mention that there is an oversupply of MBAs too?

In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project  overseas too. Oh the irony.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)

 

Ah yes, very familiar with that route.

1)Those that went to RE

OR

2)Those that went to get an MBA.

 

Did I mention that there is an oversupply of MBAs too?

In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project  overseas too. Oh the irony.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)

 

Ah yes, very familiar with that route.

1)Those that went to RE

OR

2)Those that went to get an MBA.

 

Did I mention that there is an oversupply of MBAs too?

In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project  overseas too. Oh the irony.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)

 

Ah yes, very familiar with that route.

1)Those that went to RE

OR

2)Those that went to get an MBA.

 

Did I mention that there is an oversupply of MBAs too?

In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project  overseas too. Oh the irony.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[SD Transplant]

Kewp,

Funny how things have a simular trend. At some point, we might have rubbed elbows at Akamai. I’ve lost my pants in the tech bubble (last one w/ Akamai).

I bet you are up to speed the old TruSolutions/VA Linux servers then 🙂

Ahhhhhh…….the good old days 🙂 (ping pong table in the lunch room, free vending machines, AMEX budget for travel & technical books…..lots of worthless stock options)….it’s all coming back to me now

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I’ve had the same job since (lower paid but stable & allowed me to get an MBA)

[SD Transplant]

Kewp,

Funny how things have a simular trend. At some point, we might have rubbed elbows at Akamai. I’ve lost my pants in the tech bubble (last one w/ Akamai).

I bet you are up to speed the old TruSolutions/VA Linux servers then 🙂

Ahhhhhh…….the good old days 🙂 (ping pong table in the lunch room, free vending machines, AMEX budget for travel & technical books…..lots of worthless stock options)….it’s all coming back to me now

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I’ve had the same job since (lower paid but stable & allowed me to get an MBA)

[SD Transplant]

Kewp,

Funny how things have a simular trend. At some point, we might have rubbed elbows at Akamai. I’ve lost my pants in the tech bubble (last one w/ Akamai).

I bet you are up to speed the old TruSolutions/VA Linux servers then 🙂

Ahhhhhh…….the good old days 🙂 (ping pong table in the lunch room, free vending machines, AMEX budget for travel & technical books…..lots of worthless stock options)….it’s all coming back to me now

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I’ve had the same job since (lower paid but stable & allowed me to get an MBA)

[SD Transplant]

Kewp,

Funny how things have a simular trend. At some point, we might have rubbed elbows at Akamai. I’ve lost my pants in the tech bubble (last one w/ Akamai).

I bet you are up to speed the old TruSolutions/VA Linux servers then 🙂

Ahhhhhh…….the good old days 🙂 (ping pong table in the lunch room, free vending machines, AMEX budget for travel & technical books…..lots of worthless stock options)….it’s all coming back to me now

Yes, I did go to a lower paid job after 2001 / Tech bubble, and I’ve had the same job since (lower paid but stable & allowed me to get an MBA)

[kewp]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn’t have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the ‘housing bubble’. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to ’08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I’m not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO’s to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

[kewp]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn’t have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the ‘housing bubble’. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to ’08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I’m not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO’s to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

[kewp]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn’t have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the ‘housing bubble’. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to ’08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I’m not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO’s to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

[kewp]

My personal story.

About 4 years ago I took a solid (albeit somewhat low-wage) job in the UC system. It turned out to be a great gig with few regrets.

Also around that time I had recovered from the dotbomb mess well enough to be in the market for a condo/house. I didn’t have much in the way of a down payment so I started researching what other options I had in the way of financing.

It was around 2005 that I figured out I either had to go back to the private sector and make more money or take out some super-risky loan product. I also started reading about the ‘housing bubble’. Given my experience with the SoCal economy I also figured we were in for a major recession once it popped. So I decided to wait it out at the Uni.

Fast-forward to ’08 and it looks like I made the right decision. I have my income locked in (got a big raise too), take a free shuttle to work and have great benefits. UC is showing record enrollments, which is no surprise as institutes of higher education do better in a recession.

I’m not ashamed to admit I got wiped out during the tech boom. I went from brunching with the CTO of Akamai, being wined and dined by Dell while making 50k on private IPO’s to racking servers at a Uni for 50k a year.

And you know what, it was worth it. I learned humility. Something the RE bulls could use in spades.

For every loser there is a winner. It really does pay to be on the right side of history.

[drunkle]

flu:

i’ve been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn’t it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

[Coronita]

flu:

i've been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn't it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

 

Because in a recession, the challenge will be finding your paying customers, advertisers,etc.Yes, we laugh at all the people that are financially irresponsible. But to some extent, you sort of need them to so someone buys all the crap you develop. Perhaps a bad analogy, but i have a warped view of the relationship between consumer and businesses. Businesses are parasites that feed off the host (consumer). If enough of the host dies, so does the parasite.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[drunkle]

flu:

i thought about the problem of sales after posting and rationalized that a startup is going to have a hard time in sales either way. moreso during recession, sure, but with “the right investors”, able to weather the teething period… meanwhile, you take advantage of better conditions overall to fully develop and flesh out your product.

of course, the business type and the product will make a difference. i’m assuming you’re doing a tech thing and not designer tshirts. a good idea that can doing something better or faster or cheaper.

get your investment dollars to go farther in a downturn, position yourself to take off when the economy bounces or, as you say, look overseas/across the border for immediate returns. with other potential entrepreneurs taking the safe route during the downturn, you get a leg up. with the big dogs busy shoring up capital and avoiding new or non core projects, you get a head start.

and hey, productivity during a downturn can catalyze an economic bounce. with money being cheap, with investors looking for bargains… i dunno, sounds good in my head. and assuming we’re not on the edge of armageddon… 2012 is it? you got a few years…

[drunkle]

flu:

i thought about the problem of sales after posting and rationalized that a startup is going to have a hard time in sales either way. moreso during recession, sure, but with “the right investors”, able to weather the teething period… meanwhile, you take advantage of better conditions overall to fully develop and flesh out your product.

of course, the business type and the product will make a difference. i’m assuming you’re doing a tech thing and not designer tshirts. a good idea that can doing something better or faster or cheaper.

get your investment dollars to go farther in a downturn, position yourself to take off when the economy bounces or, as you say, look overseas/across the border for immediate returns. with other potential entrepreneurs taking the safe route during the downturn, you get a leg up. with the big dogs busy shoring up capital and avoiding new or non core projects, you get a head start.

and hey, productivity during a downturn can catalyze an economic bounce. with money being cheap, with investors looking for bargains… i dunno, sounds good in my head. and assuming we’re not on the edge of armageddon… 2012 is it? you got a few years…

[drunkle]

flu:

i thought about the problem of sales after posting and rationalized that a startup is going to have a hard time in sales either way. moreso during recession, sure, but with “the right investors”, able to weather the teething period… meanwhile, you take advantage of better conditions overall to fully develop and flesh out your product.

of course, the business type and the product will make a difference. i’m assuming you’re doing a tech thing and not designer tshirts. a good idea that can doing something better or faster or cheaper.

get your investment dollars to go farther in a downturn, position yourself to take off when the economy bounces or, as you say, look overseas/across the border for immediate returns. with other potential entrepreneurs taking the safe route during the downturn, you get a leg up. with the big dogs busy shoring up capital and avoiding new or non core projects, you get a head start.

and hey, productivity during a downturn can catalyze an economic bounce. with money being cheap, with investors looking for bargains… i dunno, sounds good in my head. and assuming we’re not on the edge of armageddon… 2012 is it? you got a few years…

[drunkle]

flu:

i thought about the problem of sales after posting and rationalized that a startup is going to have a hard time in sales either way. moreso during recession, sure, but with “the right investors”, able to weather the teething period… meanwhile, you take advantage of better conditions overall to fully develop and flesh out your product.

of course, the business type and the product will make a difference. i’m assuming you’re doing a tech thing and not designer tshirts. a good idea that can doing something better or faster or cheaper.

get your investment dollars to go farther in a downturn, position yourself to take off when the economy bounces or, as you say, look overseas/across the border for immediate returns. with other potential entrepreneurs taking the safe route during the downturn, you get a leg up. with the big dogs busy shoring up capital and avoiding new or non core projects, you get a head start.

and hey, productivity during a downturn can catalyze an economic bounce. with money being cheap, with investors looking for bargains… i dunno, sounds good in my head. and assuming we’re not on the edge of armageddon… 2012 is it? you got a few years…

[drunkle]

flu:

i thought about the problem of sales after posting and rationalized that a startup is going to have a hard time in sales either way. moreso during recession, sure, but with “the right investors”, able to weather the teething period… meanwhile, you take advantage of better conditions overall to fully develop and flesh out your product.

of course, the business type and the product will make a difference. i’m assuming you’re doing a tech thing and not designer tshirts. a good idea that can doing something better or faster or cheaper.

get your investment dollars to go farther in a downturn, position yourself to take off when the economy bounces or, as you say, look overseas/across the border for immediate returns. with other potential entrepreneurs taking the safe route during the downturn, you get a leg up. with the big dogs busy shoring up capital and avoiding new or non core projects, you get a head start.

and hey, productivity during a downturn can catalyze an economic bounce. with money being cheap, with investors looking for bargains… i dunno, sounds good in my head. and assuming we’re not on the edge of armageddon… 2012 is it? you got a few years…

[Coronita]

flu:

i've been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn't it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

 

Because in a recession, the challenge will be finding your paying customers, advertisers,etc.Yes, we laugh at all the people that are financially irresponsible. But to some extent, you sort of need them to so someone buys all the crap you develop. Perhaps a bad analogy, but i have a warped view of the relationship between consumer and businesses. Businesses are parasites that feed off the host (consumer). If enough of the host dies, so does the parasite.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

flu:

i've been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn't it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

 

Because in a recession, the challenge will be finding your paying customers, advertisers,etc.Yes, we laugh at all the people that are financially irresponsible. But to some extent, you sort of need them to so someone buys all the crap you develop. Perhaps a bad analogy, but i have a warped view of the relationship between consumer and businesses. Businesses are parasites that feed off the host (consumer). If enough of the host dies, so does the parasite.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

flu:

i've been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn't it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

 

Because in a recession, the challenge will be finding your paying customers, advertisers,etc.Yes, we laugh at all the people that are financially irresponsible. But to some extent, you sort of need them to so someone buys all the crap you develop. Perhaps a bad analogy, but i have a warped view of the relationship between consumer and businesses. Businesses are parasites that feed off the host (consumer). If enough of the host dies, so does the parasite.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

flu:

i've been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn't it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

 

Because in a recession, the challenge will be finding your paying customers, advertisers,etc.Yes, we laugh at all the people that are financially irresponsible. But to some extent, you sort of need them to so someone buys all the crap you develop. Perhaps a bad analogy, but i have a warped view of the relationship between consumer and businesses. Businesses are parasites that feed off the host (consumer). If enough of the host dies, so does the parasite.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[drunkle]

flu:

i’ve been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn’t it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

[drunkle]

flu:

i’ve been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn’t it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

[drunkle]

flu:

i’ve been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn’t it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

[drunkle]

flu:

i’ve been thinking about this. interest rates are low. the banks are looking for borrowers. investors are looking for investments…

why wouldn’t it be a good time to start up a company? find the right investors, hire employees cheap, pay low rents on office space… more tax breaks are coming down the pipe for capital investment…

[Coronita]

temeculaguy and drunkle,

I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.

But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."

The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.

There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.

But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

temeculaguy and drunkle,

I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.

But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."

The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.

There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.

But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

temeculaguy and drunkle,

I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.

But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."

The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.

There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.

But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

temeculaguy and drunkle,

I know the two of you just point out the inevitable and you just want housing to be more affordable. I didn't direct the "wishing for a recession comment" at you or some of the other regular people here. My bad and my apologies.

But occasionally, when things like the stock market tanks a day or we here of bad news, some of the regulars posters actually start cheering like "yes, I'm going be better off in a bad economy… payback time..etc.etc.etc."

The way I look at it is. It's far easier for average folks (inclusive) who nevertheless are relatively responsible to navigate through the muck during good economic times. Everyone gets hit when bad economic times. So some of the posters here that I would say actually was cheerleading for a recession I would say depending on a how bad it gets might be in for a rude awakening themselves. I learned early that a lot of the industries are all interconnected. And with a few minor exceptions, there aren't that many people that aren't going to be affect. Some have posted "well I'm in the public sector. Thank god."' I beg to differ. Some have posted "healthcare is safe". Maybe if you're a doctor….But with a few exceptions, most everyone's going to get hit. As much as I think technology is better off this time around, it too will get somewhat hit. Services/retail especially will get hit.

There were people who flipped RE for a profit. And frankly, I'm ok with those people that made money from it, provided it was legal. And some of them got burned that recognize they got burned, well that's fine with me too. There's no risk, there's no reward.

But I would image that a recession really isn't going to be good for a lot (most) of us. Sorry, I woke up on the wrong side of the bed today. The year that I actually motivate to start a company is the year that we're going to be headed into a recession. It's difficult enough to start a tech company during good times, recession economy probably adds a difficulty of a factor of 4+. Need to talk to my partners now on readjusting possibly the strategy to focus on the international markets first. I guess the good news is that if I get rifted on my full time job in 1-2 years, I can always dedicate my time fulltime to this gig.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[DWCAP]

I suppose a few people are chearing a recession, why not? We lived through the last one in 2001 without too much real pain right? Experience teaches them not to worry, to accelerate when everyone else is slowing down and BAM you are a lap ahead when things speed back up again. ( BTW I hate NASCAR, but it works) The problem is that unless you lost your options or something in the tech bubble, the pain wasnt really felt by alot of people. This isnt to discount it, just to say some people were hurt alot more than most people. This time around everyone is gonna get hurt, and in my opinion hurt more. So please forgive those that have discounted their exposure to pain, they know not what they do.

I guess what I really want to say is that economics 101 taught me that recessions are a natural part of the economic cycle. It clears out old inventory, decaying buisnesses, and punishes excessive risk. It is the punishing rainstorm that brings floods, wind, and lightning, but when it passes those that survived are better off for the water and felled dead trees. I dont want a recession, I dont want to see people hurt, I really dont want to see my stocks take a huge haircut. But I also dont want 400Billion dollar deficits and housing that no one can afford. Looking at it that way, ill take the short term pain of a recession and reset everytime over 15 years of stagflation/ Japanese style lack of growth. To me this is a lesser of two evils kinda question, not a “do you want…” kinda question.

PS, SD R. Those are the same kinda questions that get our Government into budget trouble all the time. Do you want to see drug addicts and teenage prostitutes? There will never be enough resources to take care of every need, even in the good times. So questions like that seem more like brow beating and fear mongering. No body ever wants those things. It doesnt mean that the pain isnt necessary.

BTW, I am scared of the next year or two. I am hopefull for the next twenty. If we were not correcting, that would be the other way around.

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[kewp]

For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

Yes and given we are coming off of a a ten-year RE boom, none of the RE bulls have even poor by American standards!

I have! What I’m suggesting is that is going to do all these specu-vestors a bit of good to eat spam sandwiches for a few years.

[kewp]

For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

Yes and given we are coming off of a a ten-year RE boom, none of the RE bulls have even poor by American standards!

I have! What I’m suggesting is that is going to do all these specu-vestors a bit of good to eat spam sandwiches for a few years.

[kewp]

For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

Yes and given we are coming off of a a ten-year RE boom, none of the RE bulls have even poor by American standards!

I have! What I’m suggesting is that is going to do all these specu-vestors a bit of good to eat spam sandwiches for a few years.

[kewp]

For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

Yes and given we are coming off of a a ten-year RE boom, none of the RE bulls have even poor by American standards!

I have! What I’m suggesting is that is going to do all these specu-vestors a bit of good to eat spam sandwiches for a few years.

[kewp]

For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

Yes and given we are coming off of a a ten-year RE boom, none of the RE bulls have even poor by American standards!

I have! What I’m suggesting is that is going to do all these specu-vestors a bit of good to eat spam sandwiches for a few years.

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[JWM in SD]

JWM in SD

“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?”

Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.

[JWM in SD]

JWM in SD

“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?”

Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.

[JWM in SD]

JWM in SD

“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?”

Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.

[JWM in SD]

JWM in SD

“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?”

Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.

[JWM in SD]

JWM in SD

“So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?”

Yes, it does and that is why I was harping about the macro-economic picture well over a year ago while everyone else here was bleating on about whether or not Carmel Valley prices will ever moderate.

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[DWCAP]

I suppose a few people are chearing a recession, why not? We lived through the last one in 2001 without too much real pain right? Experience teaches them not to worry, to accelerate when everyone else is slowing down and BAM you are a lap ahead when things speed back up again. ( BTW I hate NASCAR, but it works) The problem is that unless you lost your options or something in the tech bubble, the pain wasnt really felt by alot of people. This isnt to discount it, just to say some people were hurt alot more than most people. This time around everyone is gonna get hurt, and in my opinion hurt more. So please forgive those that have discounted their exposure to pain, they know not what they do.

I guess what I really want to say is that economics 101 taught me that recessions are a natural part of the economic cycle. It clears out old inventory, decaying buisnesses, and punishes excessive risk. It is the punishing rainstorm that brings floods, wind, and lightning, but when it passes those that survived are better off for the water and felled dead trees. I dont want a recession, I dont want to see people hurt, I really dont want to see my stocks take a huge haircut. But I also dont want 400Billion dollar deficits and housing that no one can afford. Looking at it that way, ill take the short term pain of a recession and reset everytime over 15 years of stagflation/ Japanese style lack of growth. To me this is a lesser of two evils kinda question, not a “do you want…” kinda question.

PS, SD R. Those are the same kinda questions that get our Government into budget trouble all the time. Do you want to see drug addicts and teenage prostitutes? There will never be enough resources to take care of every need, even in the good times. So questions like that seem more like brow beating and fear mongering. No body ever wants those things. It doesnt mean that the pain isnt necessary.

BTW, I am scared of the next year or two. I am hopefull for the next twenty. If we were not correcting, that would be the other way around.

[DWCAP]

I suppose a few people are chearing a recession, why not? We lived through the last one in 2001 without too much real pain right? Experience teaches them not to worry, to accelerate when everyone else is slowing down and BAM you are a lap ahead when things speed back up again. ( BTW I hate NASCAR, but it works) The problem is that unless you lost your options or something in the tech bubble, the pain wasnt really felt by alot of people. This isnt to discount it, just to say some people were hurt alot more than most people. This time around everyone is gonna get hurt, and in my opinion hurt more. So please forgive those that have discounted their exposure to pain, they know not what they do.

I guess what I really want to say is that economics 101 taught me that recessions are a natural part of the economic cycle. It clears out old inventory, decaying buisnesses, and punishes excessive risk. It is the punishing rainstorm that brings floods, wind, and lightning, but when it passes those that survived are better off for the water and felled dead trees. I dont want a recession, I dont want to see people hurt, I really dont want to see my stocks take a huge haircut. But I also dont want 400Billion dollar deficits and housing that no one can afford. Looking at it that way, ill take the short term pain of a recession and reset everytime over 15 years of stagflation/ Japanese style lack of growth. To me this is a lesser of two evils kinda question, not a “do you want…” kinda question.

PS, SD R. Those are the same kinda questions that get our Government into budget trouble all the time. Do you want to see drug addicts and teenage prostitutes? There will never be enough resources to take care of every need, even in the good times. So questions like that seem more like brow beating and fear mongering. No body ever wants those things. It doesnt mean that the pain isnt necessary.

BTW, I am scared of the next year or two. I am hopefull for the next twenty. If we were not correcting, that would be the other way around.

[DWCAP]

I suppose a few people are chearing a recession, why not? We lived through the last one in 2001 without too much real pain right? Experience teaches them not to worry, to accelerate when everyone else is slowing down and BAM you are a lap ahead when things speed back up again. ( BTW I hate NASCAR, but it works) The problem is that unless you lost your options or something in the tech bubble, the pain wasnt really felt by alot of people. This isnt to discount it, just to say some people were hurt alot more than most people. This time around everyone is gonna get hurt, and in my opinion hurt more. So please forgive those that have discounted their exposure to pain, they know not what they do.

I guess what I really want to say is that economics 101 taught me that recessions are a natural part of the economic cycle. It clears out old inventory, decaying buisnesses, and punishes excessive risk. It is the punishing rainstorm that brings floods, wind, and lightning, but when it passes those that survived are better off for the water and felled dead trees. I dont want a recession, I dont want to see people hurt, I really dont want to see my stocks take a huge haircut. But I also dont want 400Billion dollar deficits and housing that no one can afford. Looking at it that way, ill take the short term pain of a recession and reset everytime over 15 years of stagflation/ Japanese style lack of growth. To me this is a lesser of two evils kinda question, not a “do you want…” kinda question.

PS, SD R. Those are the same kinda questions that get our Government into budget trouble all the time. Do you want to see drug addicts and teenage prostitutes? There will never be enough resources to take care of every need, even in the good times. So questions like that seem more like brow beating and fear mongering. No body ever wants those things. It doesnt mean that the pain isnt necessary.

BTW, I am scared of the next year or two. I am hopefull for the next twenty. If we were not correcting, that would be the other way around.

[DWCAP]

I suppose a few people are chearing a recession, why not? We lived through the last one in 2001 without too much real pain right? Experience teaches them not to worry, to accelerate when everyone else is slowing down and BAM you are a lap ahead when things speed back up again. ( BTW I hate NASCAR, but it works) The problem is that unless you lost your options or something in the tech bubble, the pain wasnt really felt by alot of people. This isnt to discount it, just to say some people were hurt alot more than most people. This time around everyone is gonna get hurt, and in my opinion hurt more. So please forgive those that have discounted their exposure to pain, they know not what they do.

I guess what I really want to say is that economics 101 taught me that recessions are a natural part of the economic cycle. It clears out old inventory, decaying buisnesses, and punishes excessive risk. It is the punishing rainstorm that brings floods, wind, and lightning, but when it passes those that survived are better off for the water and felled dead trees. I dont want a recession, I dont want to see people hurt, I really dont want to see my stocks take a huge haircut. But I also dont want 400Billion dollar deficits and housing that no one can afford. Looking at it that way, ill take the short term pain of a recession and reset everytime over 15 years of stagflation/ Japanese style lack of growth. To me this is a lesser of two evils kinda question, not a “do you want…” kinda question.

PS, SD R. Those are the same kinda questions that get our Government into budget trouble all the time. Do you want to see drug addicts and teenage prostitutes? There will never be enough resources to take care of every need, even in the good times. So questions like that seem more like brow beating and fear mongering. No body ever wants those things. It doesnt mean that the pain isnt necessary.

BTW, I am scared of the next year or two. I am hopefull for the next twenty. If we were not correcting, that would be the other way around.

[barnaby33]

SD Realtor, at least you have the right level of fear for whats coming, a slowly moving tsunami. Now imagine the backlash of anger that fear generates and you’ve got the proper context for a lot of the glee filled, “bring it on,” postings you and FLU are pointing out.

I’ve only lived through one recession as an adult. I’m 33. I have however lived through the 90’s recession as a cognizant teenager. More importantly my father will be 87 in two months. Thats right a child of The Depression. Not a recession, “The Depression.” You know when kids went to school with lard sandwiches. The anger I feel and probably others feel as well is that it was all preventable.

I’m torn. I know the suffering has to happen to clean out the underbrush, I know I will be affected by it. That creates internal conflict which often makes me seem to others as cheering on the coming tsunami. I don’t and I’d wager that if you talked face to face with most of the others who appear to cheer they don’t either.

This post isn’t nearly as cathartic as I’d hoped it would be.

Josh

[barnaby33]

SD Realtor, at least you have the right level of fear for whats coming, a slowly moving tsunami. Now imagine the backlash of anger that fear generates and you’ve got the proper context for a lot of the glee filled, “bring it on,” postings you and FLU are pointing out.

I’ve only lived through one recession as an adult. I’m 33. I have however lived through the 90’s recession as a cognizant teenager. More importantly my father will be 87 in two months. Thats right a child of The Depression. Not a recession, “The Depression.” You know when kids went to school with lard sandwiches. The anger I feel and probably others feel as well is that it was all preventable.

I’m torn. I know the suffering has to happen to clean out the underbrush, I know I will be affected by it. That creates internal conflict which often makes me seem to others as cheering on the coming tsunami. I don’t and I’d wager that if you talked face to face with most of the others who appear to cheer they don’t either.

This post isn’t nearly as cathartic as I’d hoped it would be.

Josh

[barnaby33]

SD Realtor, at least you have the right level of fear for whats coming, a slowly moving tsunami. Now imagine the backlash of anger that fear generates and you’ve got the proper context for a lot of the glee filled, “bring it on,” postings you and FLU are pointing out.

I’ve only lived through one recession as an adult. I’m 33. I have however lived through the 90’s recession as a cognizant teenager. More importantly my father will be 87 in two months. Thats right a child of The Depression. Not a recession, “The Depression.” You know when kids went to school with lard sandwiches. The anger I feel and probably others feel as well is that it was all preventable.

I’m torn. I know the suffering has to happen to clean out the underbrush, I know I will be affected by it. That creates internal conflict which often makes me seem to others as cheering on the coming tsunami. I don’t and I’d wager that if you talked face to face with most of the others who appear to cheer they don’t either.

This post isn’t nearly as cathartic as I’d hoped it would be.

Josh

[barnaby33]

SD Realtor, at least you have the right level of fear for whats coming, a slowly moving tsunami. Now imagine the backlash of anger that fear generates and you’ve got the proper context for a lot of the glee filled, “bring it on,” postings you and FLU are pointing out.

I’ve only lived through one recession as an adult. I’m 33. I have however lived through the 90’s recession as a cognizant teenager. More importantly my father will be 87 in two months. Thats right a child of The Depression. Not a recession, “The Depression.” You know when kids went to school with lard sandwiches. The anger I feel and probably others feel as well is that it was all preventable.

I’m torn. I know the suffering has to happen to clean out the underbrush, I know I will be affected by it. That creates internal conflict which often makes me seem to others as cheering on the coming tsunami. I don’t and I’d wager that if you talked face to face with most of the others who appear to cheer they don’t either.

This post isn’t nearly as cathartic as I’d hoped it would be.

Josh

[barnaby33]

SD Realtor, at least you have the right level of fear for whats coming, a slowly moving tsunami. Now imagine the backlash of anger that fear generates and you’ve got the proper context for a lot of the glee filled, “bring it on,” postings you and FLU are pointing out.

I’ve only lived through one recession as an adult. I’m 33. I have however lived through the 90’s recession as a cognizant teenager. More importantly my father will be 87 in two months. Thats right a child of The Depression. Not a recession, “The Depression.” You know when kids went to school with lard sandwiches. The anger I feel and probably others feel as well is that it was all preventable.

I’m torn. I know the suffering has to happen to clean out the underbrush, I know I will be affected by it. That creates internal conflict which often makes me seem to others as cheering on the coming tsunami. I don’t and I’d wager that if you talked face to face with most of the others who appear to cheer they don’t either.

This post isn’t nearly as cathartic as I’d hoped it would be.

Josh

[Pasadena Broker]

Flu, sd, dw, gun

There are some that get it, others that don’t and never will until their experiences are similar.

Gun you make an excellent point. I come from working class immigrants and know what poor is. My parents came here with nothing, borrowed money, saved money and opened a liquor store (care to guess the stereotypical race I am?). I was working a cash register after school when I was 8 years old by standing on a milk crate so I can reach the register keys. The family business taught me a lot in terms of work ethic, credit (my father gave out credit to the customers in the neighborhood, the concept of charging interest was foreign to him), and working with people which I guess is why I’ve always been drawn to sales. While my father was the one that taught me the value of a dollar, it was my mother that instilled my moral compass which gave me the foresight to walk away from a lot of deals that so many in my industry were doing without a second thought.

Believe me, I am scared as well flu. I can say that I’ve weathered some personal storms that would take out most of the ‘bring it on’ braggers but this one that’s coming is without trying to sound dramatic, epic. Being a history buff, I look for patterns. The pattern this country is experiencing right now would go back to the 1930’s when the decade before was deemed the Roaring 20’s for a reason but it’s much worse, more money, more people, speed of infomation, etc. And on a side note, you can’t teach or persuade someone to be empathetic. You either have it or you don’t. While I really enjoy reading all of your very well written and empathetic opinions, convincing anyone on this board is a waste of time. Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.

[lendingbubblecontinues]

“Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.”

Hey, if wanting a country for our children (and their children and so on…) that isn’t completely destroyed by the excesses of the last twenty years, makes one a “prick”, so be it.

I imagine the last days of the Roman Empire might have sounded a lot like the “be careful what you wish for” rhetoric we hear all the time now. How did that work out?!?!

LBC “the prick”

[lendingbubblecontinues]

“Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.”

Hey, if wanting a country for our children (and their children and so on…) that isn’t completely destroyed by the excesses of the last twenty years, makes one a “prick”, so be it.

I imagine the last days of the Roman Empire might have sounded a lot like the “be careful what you wish for” rhetoric we hear all the time now. How did that work out?!?!

LBC “the prick”

[lendingbubblecontinues]

“Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.”

Hey, if wanting a country for our children (and their children and so on…) that isn’t completely destroyed by the excesses of the last twenty years, makes one a “prick”, so be it.

I imagine the last days of the Roman Empire might have sounded a lot like the “be careful what you wish for” rhetoric we hear all the time now. How did that work out?!?!

LBC “the prick”

[lendingbubblecontinues]

“Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.”

Hey, if wanting a country for our children (and their children and so on…) that isn’t completely destroyed by the excesses of the last twenty years, makes one a “prick”, so be it.

I imagine the last days of the Roman Empire might have sounded a lot like the “be careful what you wish for” rhetoric we hear all the time now. How did that work out?!?!

LBC “the prick”

[lendingbubblecontinues]

“Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.”

Hey, if wanting a country for our children (and their children and so on…) that isn’t completely destroyed by the excesses of the last twenty years, makes one a “prick”, so be it.

I imagine the last days of the Roman Empire might have sounded a lot like the “be careful what you wish for” rhetoric we hear all the time now. How did that work out?!?!

LBC “the prick”

[Pasadena Broker]

Flu, sd, dw, gun

There are some that get it, others that don’t and never will until their experiences are similar.

Gun you make an excellent point. I come from working class immigrants and know what poor is. My parents came here with nothing, borrowed money, saved money and opened a liquor store (care to guess the stereotypical race I am?). I was working a cash register after school when I was 8 years old by standing on a milk crate so I can reach the register keys. The family business taught me a lot in terms of work ethic, credit (my father gave out credit to the customers in the neighborhood, the concept of charging interest was foreign to him), and working with people which I guess is why I’ve always been drawn to sales. While my father was the one that taught me the value of a dollar, it was my mother that instilled my moral compass which gave me the foresight to walk away from a lot of deals that so many in my industry were doing without a second thought.

Believe me, I am scared as well flu. I can say that I’ve weathered some personal storms that would take out most of the ‘bring it on’ braggers but this one that’s coming is without trying to sound dramatic, epic. Being a history buff, I look for patterns. The pattern this country is experiencing right now would go back to the 1930’s when the decade before was deemed the Roaring 20’s for a reason but it’s much worse, more money, more people, speed of infomation, etc. And on a side note, you can’t teach or persuade someone to be empathetic. You either have it or you don’t. While I really enjoy reading all of your very well written and empathetic opinions, convincing anyone on this board is a waste of time. Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.

[Pasadena Broker]

Flu, sd, dw, gun

There are some that get it, others that don’t and never will until their experiences are similar.

Gun you make an excellent point. I come from working class immigrants and know what poor is. My parents came here with nothing, borrowed money, saved money and opened a liquor store (care to guess the stereotypical race I am?). I was working a cash register after school when I was 8 years old by standing on a milk crate so I can reach the register keys. The family business taught me a lot in terms of work ethic, credit (my father gave out credit to the customers in the neighborhood, the concept of charging interest was foreign to him), and working with people which I guess is why I’ve always been drawn to sales. While my father was the one that taught me the value of a dollar, it was my mother that instilled my moral compass which gave me the foresight to walk away from a lot of deals that so many in my industry were doing without a second thought.

Believe me, I am scared as well flu. I can say that I’ve weathered some personal storms that would take out most of the ‘bring it on’ braggers but this one that’s coming is without trying to sound dramatic, epic. Being a history buff, I look for patterns. The pattern this country is experiencing right now would go back to the 1930’s when the decade before was deemed the Roaring 20’s for a reason but it’s much worse, more money, more people, speed of infomation, etc. And on a side note, you can’t teach or persuade someone to be empathetic. You either have it or you don’t. While I really enjoy reading all of your very well written and empathetic opinions, convincing anyone on this board is a waste of time. Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.

[Pasadena Broker]

Flu, sd, dw, gun

There are some that get it, others that don’t and never will until their experiences are similar.

Gun you make an excellent point. I come from working class immigrants and know what poor is. My parents came here with nothing, borrowed money, saved money and opened a liquor store (care to guess the stereotypical race I am?). I was working a cash register after school when I was 8 years old by standing on a milk crate so I can reach the register keys. The family business taught me a lot in terms of work ethic, credit (my father gave out credit to the customers in the neighborhood, the concept of charging interest was foreign to him), and working with people which I guess is why I’ve always been drawn to sales. While my father was the one that taught me the value of a dollar, it was my mother that instilled my moral compass which gave me the foresight to walk away from a lot of deals that so many in my industry were doing without a second thought.

Believe me, I am scared as well flu. I can say that I’ve weathered some personal storms that would take out most of the ‘bring it on’ braggers but this one that’s coming is without trying to sound dramatic, epic. Being a history buff, I look for patterns. The pattern this country is experiencing right now would go back to the 1930’s when the decade before was deemed the Roaring 20’s for a reason but it’s much worse, more money, more people, speed of infomation, etc. And on a side note, you can’t teach or persuade someone to be empathetic. You either have it or you don’t. While I really enjoy reading all of your very well written and empathetic opinions, convincing anyone on this board is a waste of time. Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.

[Pasadena Broker]

Flu, sd, dw, gun

There are some that get it, others that don’t and never will until their experiences are similar.

Gun you make an excellent point. I come from working class immigrants and know what poor is. My parents came here with nothing, borrowed money, saved money and opened a liquor store (care to guess the stereotypical race I am?). I was working a cash register after school when I was 8 years old by standing on a milk crate so I can reach the register keys. The family business taught me a lot in terms of work ethic, credit (my father gave out credit to the customers in the neighborhood, the concept of charging interest was foreign to him), and working with people which I guess is why I’ve always been drawn to sales. While my father was the one that taught me the value of a dollar, it was my mother that instilled my moral compass which gave me the foresight to walk away from a lot of deals that so many in my industry were doing without a second thought.

Believe me, I am scared as well flu. I can say that I’ve weathered some personal storms that would take out most of the ‘bring it on’ braggers but this one that’s coming is without trying to sound dramatic, epic. Being a history buff, I look for patterns. The pattern this country is experiencing right now would go back to the 1930’s when the decade before was deemed the Roaring 20’s for a reason but it’s much worse, more money, more people, speed of infomation, etc. And on a side note, you can’t teach or persuade someone to be empathetic. You either have it or you don’t. While I really enjoy reading all of your very well written and empathetic opinions, convincing anyone on this board is a waste of time. Without fail there’s always a prick opinionated self centered view, but hey, they have their place in this world.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[Author]

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