Home › Forums › Financial Markets/Economics › Lipstick indicator ?
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January 21, 2008 at 12:51 AM #139629January 21, 2008 at 11:09 AM #139914CMcGParticipant
The Europeans are buying our real estate, as well. Not enough to save the market, but they see our properties as a relative bargain. I read a newspaper article last week that said that the average middle-management four-BR home is $2.1 mil in Dublin. That’s the same as Beverly Hills.
January 21, 2008 at 11:09 AM #140008CMcGParticipantThe Europeans are buying our real estate, as well. Not enough to save the market, but they see our properties as a relative bargain. I read a newspaper article last week that said that the average middle-management four-BR home is $2.1 mil in Dublin. That’s the same as Beverly Hills.
January 21, 2008 at 11:09 AM #139961CMcGParticipantThe Europeans are buying our real estate, as well. Not enough to save the market, but they see our properties as a relative bargain. I read a newspaper article last week that said that the average middle-management four-BR home is $2.1 mil in Dublin. That’s the same as Beverly Hills.
January 21, 2008 at 11:09 AM #139933CMcGParticipantThe Europeans are buying our real estate, as well. Not enough to save the market, but they see our properties as a relative bargain. I read a newspaper article last week that said that the average middle-management four-BR home is $2.1 mil in Dublin. That’s the same as Beverly Hills.
January 21, 2008 at 11:09 AM #139698CMcGParticipantThe Europeans are buying our real estate, as well. Not enough to save the market, but they see our properties as a relative bargain. I read a newspaper article last week that said that the average middle-management four-BR home is $2.1 mil in Dublin. That’s the same as Beverly Hills.
January 21, 2008 at 2:24 PM #140214treylaneParticipantI’ve been keeping my ear to the ground as far as the state of this country’s economy / financial markets goes. Sure, global housing bubbles are deflating, stock markets are having a tough time, there’s a global credit crisis, etc. Media outlets approaching “mainstream” are starting to drop the “R” word on a regular basis.
The thing is – I don’t see anything different on the street. A few people may be losing their jobs or homes, but the malls are still packed, the suv’s are still barreling down the roads, the help wanted ads are plenty long. I’m a not-particularly-high-end engineer, and I don’t personally know anybody losing their jobs or homes (though a few managed to refi before getting clobbered by arm resets). There were plenty of people at Best Buy making noises about those 50″ screens. I can’t SEE with my own eyes anything that looks like a broad recession.
What’s the deal? Are we in that period where we’re waiting for the full effects to hit? All my friends just happen to be in somewhat “insulated” industries? Am I shopping at the wrong stores?
January 21, 2008 at 2:24 PM #139905treylaneParticipantI’ve been keeping my ear to the ground as far as the state of this country’s economy / financial markets goes. Sure, global housing bubbles are deflating, stock markets are having a tough time, there’s a global credit crisis, etc. Media outlets approaching “mainstream” are starting to drop the “R” word on a regular basis.
The thing is – I don’t see anything different on the street. A few people may be losing their jobs or homes, but the malls are still packed, the suv’s are still barreling down the roads, the help wanted ads are plenty long. I’m a not-particularly-high-end engineer, and I don’t personally know anybody losing their jobs or homes (though a few managed to refi before getting clobbered by arm resets). There were plenty of people at Best Buy making noises about those 50″ screens. I can’t SEE with my own eyes anything that looks like a broad recession.
What’s the deal? Are we in that period where we’re waiting for the full effects to hit? All my friends just happen to be in somewhat “insulated” industries? Am I shopping at the wrong stores?
January 21, 2008 at 2:24 PM #140118treylaneParticipantI’ve been keeping my ear to the ground as far as the state of this country’s economy / financial markets goes. Sure, global housing bubbles are deflating, stock markets are having a tough time, there’s a global credit crisis, etc. Media outlets approaching “mainstream” are starting to drop the “R” word on a regular basis.
The thing is – I don’t see anything different on the street. A few people may be losing their jobs or homes, but the malls are still packed, the suv’s are still barreling down the roads, the help wanted ads are plenty long. I’m a not-particularly-high-end engineer, and I don’t personally know anybody losing their jobs or homes (though a few managed to refi before getting clobbered by arm resets). There were plenty of people at Best Buy making noises about those 50″ screens. I can’t SEE with my own eyes anything that looks like a broad recession.
What’s the deal? Are we in that period where we’re waiting for the full effects to hit? All my friends just happen to be in somewhat “insulated” industries? Am I shopping at the wrong stores?
January 21, 2008 at 2:24 PM #140140treylaneParticipantI’ve been keeping my ear to the ground as far as the state of this country’s economy / financial markets goes. Sure, global housing bubbles are deflating, stock markets are having a tough time, there’s a global credit crisis, etc. Media outlets approaching “mainstream” are starting to drop the “R” word on a regular basis.
The thing is – I don’t see anything different on the street. A few people may be losing their jobs or homes, but the malls are still packed, the suv’s are still barreling down the roads, the help wanted ads are plenty long. I’m a not-particularly-high-end engineer, and I don’t personally know anybody losing their jobs or homes (though a few managed to refi before getting clobbered by arm resets). There were plenty of people at Best Buy making noises about those 50″ screens. I can’t SEE with my own eyes anything that looks like a broad recession.
What’s the deal? Are we in that period where we’re waiting for the full effects to hit? All my friends just happen to be in somewhat “insulated” industries? Am I shopping at the wrong stores?
January 21, 2008 at 2:24 PM #140167treylaneParticipantI’ve been keeping my ear to the ground as far as the state of this country’s economy / financial markets goes. Sure, global housing bubbles are deflating, stock markets are having a tough time, there’s a global credit crisis, etc. Media outlets approaching “mainstream” are starting to drop the “R” word on a regular basis.
The thing is – I don’t see anything different on the street. A few people may be losing their jobs or homes, but the malls are still packed, the suv’s are still barreling down the roads, the help wanted ads are plenty long. I’m a not-particularly-high-end engineer, and I don’t personally know anybody losing their jobs or homes (though a few managed to refi before getting clobbered by arm resets). There were plenty of people at Best Buy making noises about those 50″ screens. I can’t SEE with my own eyes anything that looks like a broad recession.
What’s the deal? Are we in that period where we’re waiting for the full effects to hit? All my friends just happen to be in somewhat “insulated” industries? Am I shopping at the wrong stores?
January 21, 2008 at 3:36 PM #140236kayceeParticipantOK, so it isn’t only me. I do agree that there are a ton of mark down sales out there. But there always is after the Holidays. For the last several years at least, I find that stores totally over order for the Holidays so as not to miss the “must have” merchandise. Then they dump whatever wasn’t “must have” in January. I assume that there is a proven profit motive in this.
But still, even if this is bottom feeding shopping, there seems to be an abnormally high number of bottom feeders out there. I’m not seeing any pocketbook pinching. There were 9 cars in line at the Starbucks drive through today at 3 o’clock.
January 21, 2008 at 3:36 PM #140210kayceeParticipantOK, so it isn’t only me. I do agree that there are a ton of mark down sales out there. But there always is after the Holidays. For the last several years at least, I find that stores totally over order for the Holidays so as not to miss the “must have” merchandise. Then they dump whatever wasn’t “must have” in January. I assume that there is a proven profit motive in this.
But still, even if this is bottom feeding shopping, there seems to be an abnormally high number of bottom feeders out there. I’m not seeing any pocketbook pinching. There were 9 cars in line at the Starbucks drive through today at 3 o’clock.
January 21, 2008 at 3:36 PM #140284kayceeParticipantOK, so it isn’t only me. I do agree that there are a ton of mark down sales out there. But there always is after the Holidays. For the last several years at least, I find that stores totally over order for the Holidays so as not to miss the “must have” merchandise. Then they dump whatever wasn’t “must have” in January. I assume that there is a proven profit motive in this.
But still, even if this is bottom feeding shopping, there seems to be an abnormally high number of bottom feeders out there. I’m not seeing any pocketbook pinching. There were 9 cars in line at the Starbucks drive through today at 3 o’clock.
January 21, 2008 at 3:36 PM #140188kayceeParticipantOK, so it isn’t only me. I do agree that there are a ton of mark down sales out there. But there always is after the Holidays. For the last several years at least, I find that stores totally over order for the Holidays so as not to miss the “must have” merchandise. Then they dump whatever wasn’t “must have” in January. I assume that there is a proven profit motive in this.
But still, even if this is bottom feeding shopping, there seems to be an abnormally high number of bottom feeders out there. I’m not seeing any pocketbook pinching. There were 9 cars in line at the Starbucks drive through today at 3 o’clock.
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