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JWM in SD
ParticipantAnother dimension to loans drying up is commercial paper and short term lines of credit for businesses. Since many of the banks are insolvent but no one knows who, the banks have been reluctant to lend to each other as a result. What does that mean??? It means that as these banks try to preserve and hoard capital the will begin to tighten up on lending standards for businesses too. Specifically short term debt. If that starts to happen en masse again, then your job is definitely in jeopordy because your company CFO is trying to figure out how to keep the asset side of the balance sheet from eroding if they can’t fund short term operations via credit lines…you know, like payroll. The easiest thing to do is cut head count. Additinoally, it will also impact capital spending at many small to mid-size corporatioins. Their cost of capital will increase making the hurdle rate higher for justifying capital expenditures. watch what happens to the portfolio of RD projects then. High priced design engineers suddenly become cannon fodder.
This stuff is all happening right now. It is why everyone needs to carefully reassess their employers longevity and stop projecting job security out into the future because it is not necessarily that secure anymore.
ParticipantAnother dimension to loans drying up is commercial paper and short term lines of credit for businesses. Since many of the banks are insolvent but no one knows who, the banks have been reluctant to lend to each other as a result. What does that mean??? It means that as these banks try to preserve and hoard capital the will begin to tighten up on lending standards for businesses too. Specifically short term debt. If that starts to happen en masse again, then your job is definitely in jeopordy because your company CFO is trying to figure out how to keep the asset side of the balance sheet from eroding if they can’t fund short term operations via credit lines…you know, like payroll. The easiest thing to do is cut head count. Additinoally, it will also impact capital spending at many small to mid-size corporatioins. Their cost of capital will increase making the hurdle rate higher for justifying capital expenditures. watch what happens to the portfolio of RD projects then. High priced design engineers suddenly become cannon fodder.
This stuff is all happening right now. It is why everyone needs to carefully reassess their employers longevity and stop projecting job security out into the future because it is not necessarily that secure anymore.
ParticipantAnother dimension to loans drying up is commercial paper and short term lines of credit for businesses. Since many of the banks are insolvent but no one knows who, the banks have been reluctant to lend to each other as a result. What does that mean??? It means that as these banks try to preserve and hoard capital the will begin to tighten up on lending standards for businesses too. Specifically short term debt. If that starts to happen en masse again, then your job is definitely in jeopordy because your company CFO is trying to figure out how to keep the asset side of the balance sheet from eroding if they can’t fund short term operations via credit lines…you know, like payroll. The easiest thing to do is cut head count. Additinoally, it will also impact capital spending at many small to mid-size corporatioins. Their cost of capital will increase making the hurdle rate higher for justifying capital expenditures. watch what happens to the portfolio of RD projects then. High priced design engineers suddenly become cannon fodder.
This stuff is all happening right now. It is why everyone needs to carefully reassess their employers longevity and stop projecting job security out into the future because it is not necessarily that secure anymore.
ParticipantAnother dimension to loans drying up is commercial paper and short term lines of credit for businesses. Since many of the banks are insolvent but no one knows who, the banks have been reluctant to lend to each other as a result. What does that mean??? It means that as these banks try to preserve and hoard capital the will begin to tighten up on lending standards for businesses too. Specifically short term debt. If that starts to happen en masse again, then your job is definitely in jeopordy because your company CFO is trying to figure out how to keep the asset side of the balance sheet from eroding if they can’t fund short term operations via credit lines…you know, like payroll. The easiest thing to do is cut head count. Additinoally, it will also impact capital spending at many small to mid-size corporatioins. Their cost of capital will increase making the hurdle rate higher for justifying capital expenditures. watch what happens to the portfolio of RD projects then. High priced design engineers suddenly become cannon fodder.
This stuff is all happening right now. It is why everyone needs to carefully reassess their employers longevity and stop projecting job security out into the future because it is not necessarily that secure anymore.
Participant“Don’t worry, JWM. You won’t be buying because you don’t have any savings. I hear your fear through the keyboard.”
Let’s see, Jwm in SD posting on Pigginton for over three years now vs. Ncorrigble who has been posting for…one day.My, my, how presumptious of you to know that I don’t have any savings. I guess my bank statements and brokerage statements are all wrong too apparently. Looks like they added four extra zeros to each balance. I’ll make sure to call them in the morning and tell them that Ncorrigble said that I don’t have any savings so they must be mistaken or something.
Jwm In SD
Participant“Don’t worry, JWM. You won’t be buying because you don’t have any savings. I hear your fear through the keyboard.”
Let’s see, Jwm in SD posting on Pigginton for over three years now vs. Ncorrigble who has been posting for…one day.My, my, how presumptious of you to know that I don’t have any savings. I guess my bank statements and brokerage statements are all wrong too apparently. Looks like they added four extra zeros to each balance. I’ll make sure to call them in the morning and tell them that Ncorrigble said that I don’t have any savings so they must be mistaken or something.
Jwm In SD
Participant“Don’t worry, JWM. You won’t be buying because you don’t have any savings. I hear your fear through the keyboard.”
Let’s see, Jwm in SD posting on Pigginton for over three years now vs. Ncorrigble who has been posting for…one day.My, my, how presumptious of you to know that I don’t have any savings. I guess my bank statements and brokerage statements are all wrong too apparently. Looks like they added four extra zeros to each balance. I’ll make sure to call them in the morning and tell them that Ncorrigble said that I don’t have any savings so they must be mistaken or something.
Jwm In SD
Participant“Don’t worry, JWM. You won’t be buying because you don’t have any savings. I hear your fear through the keyboard.”
Let’s see, Jwm in SD posting on Pigginton for over three years now vs. Ncorrigble who has been posting for…one day.My, my, how presumptious of you to know that I don’t have any savings. I guess my bank statements and brokerage statements are all wrong too apparently. Looks like they added four extra zeros to each balance. I’ll make sure to call them in the morning and tell them that Ncorrigble said that I don’t have any savings so they must be mistaken or something.
Jwm In SD
Participant“Don’t worry, JWM. You won’t be buying because you don’t have any savings. I hear your fear through the keyboard.”
Let’s see, Jwm in SD posting on Pigginton for over three years now vs. Ncorrigble who has been posting for…one day.My, my, how presumptious of you to know that I don’t have any savings. I guess my bank statements and brokerage statements are all wrong too apparently. Looks like they added four extra zeros to each balance. I’ll make sure to call them in the morning and tell them that Ncorrigble said that I don’t have any savings so they must be mistaken or something.
Jwm In SD
Participant“Repeat after me. “Live below your means.” If you are under 40 years old, rent, and have a decent job you should be saving at least $1,000 – $1,500 per month. Anything less makes you living beyond your means.”
Gee thanks, I could never have figured that out on my own.
Fear? The only fear I have is that Bernanke really believes that he can stop deflation.
Participant“Repeat after me. “Live below your means.” If you are under 40 years old, rent, and have a decent job you should be saving at least $1,000 – $1,500 per month. Anything less makes you living beyond your means.”
Gee thanks, I could never have figured that out on my own.
Fear? The only fear I have is that Bernanke really believes that he can stop deflation.
Participant“Repeat after me. “Live below your means.” If you are under 40 years old, rent, and have a decent job you should be saving at least $1,000 – $1,500 per month. Anything less makes you living beyond your means.”
Gee thanks, I could never have figured that out on my own.
Fear? The only fear I have is that Bernanke really believes that he can stop deflation.
Participant“Repeat after me. “Live below your means.” If you are under 40 years old, rent, and have a decent job you should be saving at least $1,000 – $1,500 per month. Anything less makes you living beyond your means.”
Gee thanks, I could never have figured that out on my own.
Fear? The only fear I have is that Bernanke really believes that he can stop deflation.
Participant“Repeat after me. “Live below your means.” If you are under 40 years old, rent, and have a decent job you should be saving at least $1,000 – $1,500 per month. Anything less makes you living beyond your means.”
Gee thanks, I could never have figured that out on my own.
Fear? The only fear I have is that Bernanke really believes that he can stop deflation.
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