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November 12, 2008 at 9:24 AM in reply to: Just wondering where all the “Bring it on people” are at #303192November 12, 2008 at 9:24 AM in reply to: Just wondering where all the “Bring it on people” are at #303553
patientlywaiting
ParticipantSD Realtor, I don’t have an answer for you.
But looking at our economic model, I see it being upside down.
The financial innovations that Greenspan was pushing only obfuscated the level of debt that we were taking on. We took on debt but never built the productive capacity needed to repay the debt because we relied on asset appreciation.
The problem is that asset appreciation is like a ponzi scheme. It relies on finding a sucker to buy the assets.
– Companies borrowed from investors and lenders to keep on running and promised future cash flows that didn’t materialize (dot com).
On a small level, I know a restaurant owner who started his business not with the intention to make money on serving meals, but with the intention of selling the business at a profit. Now, he’s stuck. That applies to all sorts of small and large businesses.
– Households borrowed and spent counting on asset appreciation that didn’t materialize. Salaries did not keep pace, so we created asset bubbles to tide us over. Now the bubble is bursting.
– Government did the same thing.
We need to get back to matching revenues to expenses.
– Over reliance on technology and the promises of technology. You bring up Pharma but I believe that it’s a bubble in itself.
We rely too much on drugs to save us from our ills. But the key is to eat well and lead a healthy life. Pills have side effects and cause other ills which then require more pills.– The technology we developed and counted on such as cell phones, media streaming, mp3 players, etc… are useless. The hype fed onto itself but those are expenses that people will cut first when times are tough. Does a family really need a $200/month cell phone bill? Cable bill?
As a parent you know that good parenting is key to your kids development.
Government is our parents. And government failed to guide us in developing a sound economic policy.
Government policies allowed us to mis-allocate resources. Look at the enormous resources to develop and refine the SUV. The profits are gone and the resulting technology is useless, now the big 3 are about to go belly up.
November 12, 2008 at 9:24 AM in reply to: Just wondering where all the “Bring it on people” are at #303564patientlywaiting
ParticipantSD Realtor, I don’t have an answer for you.
But looking at our economic model, I see it being upside down.
The financial innovations that Greenspan was pushing only obfuscated the level of debt that we were taking on. We took on debt but never built the productive capacity needed to repay the debt because we relied on asset appreciation.
The problem is that asset appreciation is like a ponzi scheme. It relies on finding a sucker to buy the assets.
– Companies borrowed from investors and lenders to keep on running and promised future cash flows that didn’t materialize (dot com).
On a small level, I know a restaurant owner who started his business not with the intention to make money on serving meals, but with the intention of selling the business at a profit. Now, he’s stuck. That applies to all sorts of small and large businesses.
– Households borrowed and spent counting on asset appreciation that didn’t materialize. Salaries did not keep pace, so we created asset bubbles to tide us over. Now the bubble is bursting.
– Government did the same thing.
We need to get back to matching revenues to expenses.
– Over reliance on technology and the promises of technology. You bring up Pharma but I believe that it’s a bubble in itself.
We rely too much on drugs to save us from our ills. But the key is to eat well and lead a healthy life. Pills have side effects and cause other ills which then require more pills.– The technology we developed and counted on such as cell phones, media streaming, mp3 players, etc… are useless. The hype fed onto itself but those are expenses that people will cut first when times are tough. Does a family really need a $200/month cell phone bill? Cable bill?
As a parent you know that good parenting is key to your kids development.
Government is our parents. And government failed to guide us in developing a sound economic policy.
Government policies allowed us to mis-allocate resources. Look at the enormous resources to develop and refine the SUV. The profits are gone and the resulting technology is useless, now the big 3 are about to go belly up.
November 12, 2008 at 9:24 AM in reply to: Just wondering where all the “Bring it on people” are at #303580patientlywaiting
ParticipantSD Realtor, I don’t have an answer for you.
But looking at our economic model, I see it being upside down.
The financial innovations that Greenspan was pushing only obfuscated the level of debt that we were taking on. We took on debt but never built the productive capacity needed to repay the debt because we relied on asset appreciation.
The problem is that asset appreciation is like a ponzi scheme. It relies on finding a sucker to buy the assets.
– Companies borrowed from investors and lenders to keep on running and promised future cash flows that didn’t materialize (dot com).
On a small level, I know a restaurant owner who started his business not with the intention to make money on serving meals, but with the intention of selling the business at a profit. Now, he’s stuck. That applies to all sorts of small and large businesses.
– Households borrowed and spent counting on asset appreciation that didn’t materialize. Salaries did not keep pace, so we created asset bubbles to tide us over. Now the bubble is bursting.
– Government did the same thing.
We need to get back to matching revenues to expenses.
– Over reliance on technology and the promises of technology. You bring up Pharma but I believe that it’s a bubble in itself.
We rely too much on drugs to save us from our ills. But the key is to eat well and lead a healthy life. Pills have side effects and cause other ills which then require more pills.– The technology we developed and counted on such as cell phones, media streaming, mp3 players, etc… are useless. The hype fed onto itself but those are expenses that people will cut first when times are tough. Does a family really need a $200/month cell phone bill? Cable bill?
As a parent you know that good parenting is key to your kids development.
Government is our parents. And government failed to guide us in developing a sound economic policy.
Government policies allowed us to mis-allocate resources. Look at the enormous resources to develop and refine the SUV. The profits are gone and the resulting technology is useless, now the big 3 are about to go belly up.
November 12, 2008 at 9:24 AM in reply to: Just wondering where all the “Bring it on people” are at #303637patientlywaiting
ParticipantSD Realtor, I don’t have an answer for you.
But looking at our economic model, I see it being upside down.
The financial innovations that Greenspan was pushing only obfuscated the level of debt that we were taking on. We took on debt but never built the productive capacity needed to repay the debt because we relied on asset appreciation.
The problem is that asset appreciation is like a ponzi scheme. It relies on finding a sucker to buy the assets.
– Companies borrowed from investors and lenders to keep on running and promised future cash flows that didn’t materialize (dot com).
On a small level, I know a restaurant owner who started his business not with the intention to make money on serving meals, but with the intention of selling the business at a profit. Now, he’s stuck. That applies to all sorts of small and large businesses.
– Households borrowed and spent counting on asset appreciation that didn’t materialize. Salaries did not keep pace, so we created asset bubbles to tide us over. Now the bubble is bursting.
– Government did the same thing.
We need to get back to matching revenues to expenses.
– Over reliance on technology and the promises of technology. You bring up Pharma but I believe that it’s a bubble in itself.
We rely too much on drugs to save us from our ills. But the key is to eat well and lead a healthy life. Pills have side effects and cause other ills which then require more pills.– The technology we developed and counted on such as cell phones, media streaming, mp3 players, etc… are useless. The hype fed onto itself but those are expenses that people will cut first when times are tough. Does a family really need a $200/month cell phone bill? Cable bill?
As a parent you know that good parenting is key to your kids development.
Government is our parents. And government failed to guide us in developing a sound economic policy.
Government policies allowed us to mis-allocate resources. Look at the enormous resources to develop and refine the SUV. The profits are gone and the resulting technology is useless, now the big 3 are about to go belly up.
November 11, 2008 at 4:18 PM in reply to: Anyone else notice how cheap technology things have become? #302865patientlywaiting
ParticipantWhy build your own PC when you can buy a Notebook for next to nothing?
I just buy the cheap Notebook when they have a sale, then I buy another one 1 or 2 years hence. Granted, I only do MS Office stuff and surf the Net.
I predict that Dell will have to shutter their build-to-order operations in USA. Their business model is outdated as customers don’t build to order anymore.
Just buy online and get the DHL shipment directly from China.
November 11, 2008 at 4:18 PM in reply to: Anyone else notice how cheap technology things have become? #303228patientlywaiting
ParticipantWhy build your own PC when you can buy a Notebook for next to nothing?
I just buy the cheap Notebook when they have a sale, then I buy another one 1 or 2 years hence. Granted, I only do MS Office stuff and surf the Net.
I predict that Dell will have to shutter their build-to-order operations in USA. Their business model is outdated as customers don’t build to order anymore.
Just buy online and get the DHL shipment directly from China.
November 11, 2008 at 4:18 PM in reply to: Anyone else notice how cheap technology things have become? #303239patientlywaiting
ParticipantWhy build your own PC when you can buy a Notebook for next to nothing?
I just buy the cheap Notebook when they have a sale, then I buy another one 1 or 2 years hence. Granted, I only do MS Office stuff and surf the Net.
I predict that Dell will have to shutter their build-to-order operations in USA. Their business model is outdated as customers don’t build to order anymore.
Just buy online and get the DHL shipment directly from China.
November 11, 2008 at 4:18 PM in reply to: Anyone else notice how cheap technology things have become? #303255patientlywaiting
ParticipantWhy build your own PC when you can buy a Notebook for next to nothing?
I just buy the cheap Notebook when they have a sale, then I buy another one 1 or 2 years hence. Granted, I only do MS Office stuff and surf the Net.
I predict that Dell will have to shutter their build-to-order operations in USA. Their business model is outdated as customers don’t build to order anymore.
Just buy online and get the DHL shipment directly from China.
November 11, 2008 at 4:18 PM in reply to: Anyone else notice how cheap technology things have become? #303312patientlywaiting
ParticipantWhy build your own PC when you can buy a Notebook for next to nothing?
I just buy the cheap Notebook when they have a sale, then I buy another one 1 or 2 years hence. Granted, I only do MS Office stuff and surf the Net.
I predict that Dell will have to shutter their build-to-order operations in USA. Their business model is outdated as customers don’t build to order anymore.
Just buy online and get the DHL shipment directly from China.
November 11, 2008 at 1:23 PM in reply to: Just wondering where all the “Bring it on people” are at #302755patientlywaiting
ParticipantSD Realtor, you seem to be blaming the messengers.
People who predicted this crisis just looked at fundamentals and determined that our economic model was out of whack.
The recession is not something that could be wished away.
It would have been better for the Pollyannas to plan for the future rather than cast aspersions on those who foresaw the worst.
The layoffs at Amylin are the beginning of tech in San Diego being devastated. Cash flow negative companies, of which there are plenty in San Diego, won’t make it. Investors were buying companies, like houses, with the anticipation of appreciation. Take away appreciation and the capital dries up.
Even if a company’s technology is good, why fund the negative cash flows and overhead when you can eventually buy the technology at fire sale?
Microsoft is no longer buying Yahoo! for a reason. I’m betting that Microsoft will end up with Yahoo! at a very steep discount in the depth of the recession.
The neighborhoods where professionals live will see major declines like the rest of San Diego.
SD Realtor, are you still submitting low-ball offers?
November 11, 2008 at 1:23 PM in reply to: Just wondering where all the “Bring it on people” are at #303118patientlywaiting
ParticipantSD Realtor, you seem to be blaming the messengers.
People who predicted this crisis just looked at fundamentals and determined that our economic model was out of whack.
The recession is not something that could be wished away.
It would have been better for the Pollyannas to plan for the future rather than cast aspersions on those who foresaw the worst.
The layoffs at Amylin are the beginning of tech in San Diego being devastated. Cash flow negative companies, of which there are plenty in San Diego, won’t make it. Investors were buying companies, like houses, with the anticipation of appreciation. Take away appreciation and the capital dries up.
Even if a company’s technology is good, why fund the negative cash flows and overhead when you can eventually buy the technology at fire sale?
Microsoft is no longer buying Yahoo! for a reason. I’m betting that Microsoft will end up with Yahoo! at a very steep discount in the depth of the recession.
The neighborhoods where professionals live will see major declines like the rest of San Diego.
SD Realtor, are you still submitting low-ball offers?
November 11, 2008 at 1:23 PM in reply to: Just wondering where all the “Bring it on people” are at #303128patientlywaiting
ParticipantSD Realtor, you seem to be blaming the messengers.
People who predicted this crisis just looked at fundamentals and determined that our economic model was out of whack.
The recession is not something that could be wished away.
It would have been better for the Pollyannas to plan for the future rather than cast aspersions on those who foresaw the worst.
The layoffs at Amylin are the beginning of tech in San Diego being devastated. Cash flow negative companies, of which there are plenty in San Diego, won’t make it. Investors were buying companies, like houses, with the anticipation of appreciation. Take away appreciation and the capital dries up.
Even if a company’s technology is good, why fund the negative cash flows and overhead when you can eventually buy the technology at fire sale?
Microsoft is no longer buying Yahoo! for a reason. I’m betting that Microsoft will end up with Yahoo! at a very steep discount in the depth of the recession.
The neighborhoods where professionals live will see major declines like the rest of San Diego.
SD Realtor, are you still submitting low-ball offers?
November 11, 2008 at 1:23 PM in reply to: Just wondering where all the “Bring it on people” are at #303145patientlywaiting
ParticipantSD Realtor, you seem to be blaming the messengers.
People who predicted this crisis just looked at fundamentals and determined that our economic model was out of whack.
The recession is not something that could be wished away.
It would have been better for the Pollyannas to plan for the future rather than cast aspersions on those who foresaw the worst.
The layoffs at Amylin are the beginning of tech in San Diego being devastated. Cash flow negative companies, of which there are plenty in San Diego, won’t make it. Investors were buying companies, like houses, with the anticipation of appreciation. Take away appreciation and the capital dries up.
Even if a company’s technology is good, why fund the negative cash flows and overhead when you can eventually buy the technology at fire sale?
Microsoft is no longer buying Yahoo! for a reason. I’m betting that Microsoft will end up with Yahoo! at a very steep discount in the depth of the recession.
The neighborhoods where professionals live will see major declines like the rest of San Diego.
SD Realtor, are you still submitting low-ball offers?
November 11, 2008 at 1:23 PM in reply to: Just wondering where all the “Bring it on people” are at #303201patientlywaiting
ParticipantSD Realtor, you seem to be blaming the messengers.
People who predicted this crisis just looked at fundamentals and determined that our economic model was out of whack.
The recession is not something that could be wished away.
It would have been better for the Pollyannas to plan for the future rather than cast aspersions on those who foresaw the worst.
The layoffs at Amylin are the beginning of tech in San Diego being devastated. Cash flow negative companies, of which there are plenty in San Diego, won’t make it. Investors were buying companies, like houses, with the anticipation of appreciation. Take away appreciation and the capital dries up.
Even if a company’s technology is good, why fund the negative cash flows and overhead when you can eventually buy the technology at fire sale?
Microsoft is no longer buying Yahoo! for a reason. I’m betting that Microsoft will end up with Yahoo! at a very steep discount in the depth of the recession.
The neighborhoods where professionals live will see major declines like the rest of San Diego.
SD Realtor, are you still submitting low-ball offers?
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