Home › Forums › Financial Markets/Economics › Fed cuts .5% yet again…
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lendingbubblecontinues.
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January 31, 2008 at 9:41 AM #146330January 31, 2008 at 9:46 AM #146007
Pasadena Broker
ParticipantFlu, 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.
January 31, 2008 at 9:46 AM #146251ParticipantFlu, 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.
January 31, 2008 at 9:46 AM #146278ParticipantFlu, 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.
January 31, 2008 at 9:46 AM #146291ParticipantFlu, 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.
January 31, 2008 at 9:46 AM #146350ParticipantFlu, 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.
January 31, 2008 at 9:54 AM #146012lendingbubblecontinues
Participant“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”
January 31, 2008 at 9:54 AM #146256Participant“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”
January 31, 2008 at 9:54 AM #146283Participant“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”
January 31, 2008 at 9:54 AM #146295Participant“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”
January 31, 2008 at 9:54 AM #146355Participant“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”
January 31, 2008 at 10:05 AM #146032patientlywaiting
ParticipantWith 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?
January 31, 2008 at 10:05 AM #146276ParticipantWith 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?
January 31, 2008 at 10:05 AM #146303ParticipantWith 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?
January 31, 2008 at 10:05 AM #146316ParticipantWith 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?
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