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November 11, 2008 at 4:07 PM #303307November 11, 2008 at 4:57 PM #302889peterbParticipant
I heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.
November 11, 2008 at 4:57 PM #303253peterbParticipantI heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.
November 11, 2008 at 4:57 PM #303264peterbParticipantI heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.
November 11, 2008 at 4:57 PM #303280peterbParticipantI heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.
November 11, 2008 at 4:57 PM #303337peterbParticipantI heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.
November 11, 2008 at 6:07 PM #302904patientrenterParticipantSDR,
There are people who lived off the economic boom triggered by mortgage debt who we all despise, and there are people who we like, but who deserved a reminder that there is no free lunch, and then there are people who are “innocent bystanders” we feel sorry for.
I tend to think there are hundreds of millions in the first two categories, and a few hundred thousand in the third. In the NY Times Sunday, there was an article about the NYT charity helping people who bought houses they could not afford. I was outraged. The people they featured in the story were getting more help than I have ever received, even though they had spent more than I have ever spent.
So I have some room for empathy, but not a lot. Bring it on. We need to redirect economic activity away from housing and other consumption toward producing things that people in other countries want to pay us good money for.
November 11, 2008 at 6:07 PM #303268patientrenterParticipantSDR,
There are people who lived off the economic boom triggered by mortgage debt who we all despise, and there are people who we like, but who deserved a reminder that there is no free lunch, and then there are people who are “innocent bystanders” we feel sorry for.
I tend to think there are hundreds of millions in the first two categories, and a few hundred thousand in the third. In the NY Times Sunday, there was an article about the NYT charity helping people who bought houses they could not afford. I was outraged. The people they featured in the story were getting more help than I have ever received, even though they had spent more than I have ever spent.
So I have some room for empathy, but not a lot. Bring it on. We need to redirect economic activity away from housing and other consumption toward producing things that people in other countries want to pay us good money for.
November 11, 2008 at 6:07 PM #303279patientrenterParticipantSDR,
There are people who lived off the economic boom triggered by mortgage debt who we all despise, and there are people who we like, but who deserved a reminder that there is no free lunch, and then there are people who are “innocent bystanders” we feel sorry for.
I tend to think there are hundreds of millions in the first two categories, and a few hundred thousand in the third. In the NY Times Sunday, there was an article about the NYT charity helping people who bought houses they could not afford. I was outraged. The people they featured in the story were getting more help than I have ever received, even though they had spent more than I have ever spent.
So I have some room for empathy, but not a lot. Bring it on. We need to redirect economic activity away from housing and other consumption toward producing things that people in other countries want to pay us good money for.
November 11, 2008 at 6:07 PM #303295patientrenterParticipantSDR,
There are people who lived off the economic boom triggered by mortgage debt who we all despise, and there are people who we like, but who deserved a reminder that there is no free lunch, and then there are people who are “innocent bystanders” we feel sorry for.
I tend to think there are hundreds of millions in the first two categories, and a few hundred thousand in the third. In the NY Times Sunday, there was an article about the NYT charity helping people who bought houses they could not afford. I was outraged. The people they featured in the story were getting more help than I have ever received, even though they had spent more than I have ever spent.
So I have some room for empathy, but not a lot. Bring it on. We need to redirect economic activity away from housing and other consumption toward producing things that people in other countries want to pay us good money for.
November 11, 2008 at 6:07 PM #303352patientrenterParticipantSDR,
There are people who lived off the economic boom triggered by mortgage debt who we all despise, and there are people who we like, but who deserved a reminder that there is no free lunch, and then there are people who are “innocent bystanders” we feel sorry for.
I tend to think there are hundreds of millions in the first two categories, and a few hundred thousand in the third. In the NY Times Sunday, there was an article about the NYT charity helping people who bought houses they could not afford. I was outraged. The people they featured in the story were getting more help than I have ever received, even though they had spent more than I have ever spent.
So I have some room for empathy, but not a lot. Bring it on. We need to redirect economic activity away from housing and other consumption toward producing things that people in other countries want to pay us good money for.
November 11, 2008 at 6:48 PM #302924CoronitaParticipant[quote=peterb]I heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.[/quote]
It’s not that simple. Dealerships survive on open credit to take on inventory. Some dealerships are getting squeezed by the credit crunch. And yes, it was the Lambo dealer in OC. Hence, why we’re going to see a lot more dealers go under or close shop.
November 11, 2008 at 6:48 PM #303288CoronitaParticipant[quote=peterb]I heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.[/quote]
It’s not that simple. Dealerships survive on open credit to take on inventory. Some dealerships are getting squeezed by the credit crunch. And yes, it was the Lambo dealer in OC. Hence, why we’re going to see a lot more dealers go under or close shop.
November 11, 2008 at 6:48 PM #303299CoronitaParticipant[quote=peterb]I heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.[/quote]
It’s not that simple. Dealerships survive on open credit to take on inventory. Some dealerships are getting squeezed by the credit crunch. And yes, it was the Lambo dealer in OC. Hence, why we’re going to see a lot more dealers go under or close shop.
November 11, 2008 at 6:48 PM #303315CoronitaParticipant[quote=peterb]I heard on the radio a few days ago that the biggest Italian car dealer in the USA closed-up shop. They were in OC and I think it was a Lamborgini shop. The super wealthy can weather just about any storm and not change their life style one iota. But there are about 10,000 of them in the US. So unless they are a client for whatever you happen to provide, you’re probably not outta the woods. Too bad they dont all live in the same town.[/quote]
It’s not that simple. Dealerships survive on open credit to take on inventory. Some dealerships are getting squeezed by the credit crunch. And yes, it was the Lambo dealer in OC. Hence, why we’re going to see a lot more dealers go under or close shop.
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