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Thread: the economy

  1. #1
    more ape than man timmhaan's Avatar
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    the economy

    so, how's it going for you? holding off on any major purchases? Anyone getting downsized? how's the job market where you are?

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    J E R S E Y S B E S T Jerseysbest's Avatar
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    As far as I know, they don't downsize here (gov't job).

    I'm holding off purchases cause I'm cheap. Job markets is relatively good for me, I was just contacted about another position, and a friend just took a new job with a major corporation.
    Quote Originally Posted by SingingSabre View Post
    Cheating: a symptom of the problem.

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    Senior Member hos13's Avatar
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    They are always downsizing in the Telecom industry. So no major purchases.
    "Don't give up, don't ever give up" jimmyv

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    more ape than man timmhaan's Avatar
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    my co. is looking to reduce our entire department, basically sending all the work that we've been doing on a daily basis to india. this isn't directly related to the current economic situation, but *if* i do find myself without a job i am worried about how easily i would find another one (with similar pay, etc.).

    so, yeah, for us we're holding back on doing anything major.

  5. #5
    NFL Owner monogodo's Avatar
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    My job is fairly secure. My boss loves me and the work I do. The company I work for is very loyal to their employees. I'd almost have to kill someone to get fired here.

    My wife's job isn't as secure, but she's doing well there. She's getting anywhere from 5-20 hours of OT per week. Her paychecks are very nice now.

    With her OT, and some other things going on, we're finally feeling comfortable, financially. We've made some purchases, but nothing major. Well, other than her iPhone.
    198? Colnago Super (Campy Record) | 1989 Eddy Merckx 7-Eleven Team Issue (Dura Ace) | Catamount MFS (1x8) | Top Image Neptune (SS)

  6. #6
    Spelling Snob Hobartlemagne's Avatar
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    I own the company, but I'm still not paying myself very much. Maybe I'll ask for a raise.

    The first rule of flats is You don't talk about flats!

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    more ape than man timmhaan's Avatar
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    Quote Originally Posted by monogodo View Post
    My job is fairly secure. My boss loves me and the work I do. The company I work for is very loyal to their employees. I'd almost have to kill someone to get fired here.

    My wife's job isn't as secure, but she's doing well there. She's getting anywhere from 5-20 hours of OT per week. Her paychecks are very nice now.

    With her OT, and some other things going on, we're finally feeling comfortable, financially. We've made some purchases, but nothing major. Well, other than her iPhone.
    that's great. i hope it stays like that.

    we used to be a smaller company with a 100 year old history, then we got bought out by a larger company which is owned by an even larger company with shareholders. all of a sudden (in the past 2-3 years) we have to fill out forms for everything, get approval for trivial things, endure layoffs, and on top of that teach our jobs to people in india so they can do them for 5 cents on the dollar.

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    5' 19" barndoor's Avatar
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    I am in the wholesale supply business with a direct link to the housing industry. We sell plumbing, heating, hvac, electrical items to contractors and professionals in each of those trades and to put it bluntly, it sucks right now....I haven't seen things this slow since.....well, ever....and I've been working in this industry since 1979.

    ....and it doesn't look good for housing for the next 12-15 months either....

    My particular job is secure as I am manager....but if it slows down any more, I'll have to let 1-2 people go....
    I own my dream bike, a 2006 R-14 66cm Waterford road bike

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    phony collective progress x136's Avatar
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    The telephone company is threatening to disconnect the DSL from by cardboard box, you insensitive clod!

  10. #10
    Senior Member hos13's Avatar
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    Quote Originally Posted by timmhaan View Post
    my co. is looking to reduce our entire department, basically sending all the work that we've been doing on a daily basis to india. this isn't directly related to the current economic situation, but *if* i do find myself without a job i am worried about how easily i would find another one (with similar pay, etc.).

    so, yeah, for us we're holding back on doing anything major.
    Depends our your age, age discrimination very real. I have worked with network engineers that ended up bagging groceries. Companies are hiring cheaper and younger with fewer benefits or outsourcing.
    "Don't give up, don't ever give up" jimmyv

  11. #11
    Senior Member hos13's Avatar
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    Quote Originally Posted by x136 View Post
    The telephone company is threatening to disconnect the DSL from by cardboard box, you insensitive clod!
    Move your cardboard box next to a Flying J or Loves truck stop, they have free wireless. With the saving you could probably afford to add couple of cardboard addition to you mobile cardboard home. But don't get carried away we are in a recession.
    "Don't give up, don't ever give up" jimmyv

  12. #12
    phony collective progress x136's Avatar
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    Friend of mine lived by a Flying J. Not a day went by that he didn't get a carton of trucker piss thrown on his lawn or his house. Do you have any idea what trucker piss does to cardboard? It ain't pretty, believe me.

  13. #13
    Senior Member hos13's Avatar
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    Quote Originally Posted by x136 View Post
    Friend of mine lived by a Flying J. Not a day went by that he didn't get a carton of trucker piss thrown on his lawn or his house. Do you have any idea what trucker piss does to cardboard? It ain't pretty, believe me.
    Ok Ok, all you have to do is pay your bill and you can keep you DSL. But no additions to cardboard mansion.
    "Don't give up, don't ever give up" jimmyv

  14. #14
    Senior Member hos13's Avatar
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    Quote Originally Posted by Jerseysbest View Post
    As far as I know, they don't downsize here (gov't job).

    I'm holding off purchases cause I'm cheap. Job markets is relatively good for me, I was just contacted about another position, and a friend just took a new job with a major corporation.
    My wife just went back to work for the state, pay is so-so, but the benefits are probably some of the best out there. It is a job she could work at until retirement.
    "Don't give up, don't ever give up" jimmyv

  15. #15
    phony collective progress x136's Avatar
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    Quote Originally Posted by hos13 View Post
    But no additions to cardboard mansion.
    I'd just fill it with more junk anyway.

  16. #16
    Videre non videri
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    I just wish I had a heap of money to invest right now. Then I'd buy US dollars for the lot of it in the near future. It's almost down to 6 SEK to the dollar, and considering it was as high as close to 12 SEK <-> 1 USD a few years back, it could be a very good investment!

  17. #17
    Senior Member ronjon10's Avatar
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    Secure job (I hope) and did my major purchases last year. This year the plan was to up the savings rate dramatically, so the downturn in the market has been good for that purpose (assuming it comes back up sometime in the next 20 years ) I'm definitely being a little more frugal though.
    just being

  18. #18
    Senior Member hos13's Avatar
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    Quote Originally Posted by CdCf View Post
    I just wish I had a heap of money to invest right now. Then I'd buy US dollars for the lot of it in the near future. It's almost down to 6 SEK to the dollar, and considering it was as high as close to 12 SEK <-> 1 USD a few years back, it could be a very good investment!
    If I could I would start buying these foreclosed homes and turn them in rental's. People that are in the rental business have got to be loving the foreclosure rate, as long as they themselves aren't being foreclosed on.
    "Don't give up, don't ever give up" jimmyv

  19. #19
    despairing member trsidn's Avatar
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    Quote Originally Posted by CdCf View Post
    I just wish I had a heap of money to invest right now. Then I'd buy US dollars for the lot of it in the near future. It's almost down to 6 SEK to the dollar, and considering it was as high as close to 12 SEK <-> 1 USD a few years back, it could be a very good investment!
    But possibly not. We are not doing much to improve things on this end.
    Quote Originally Posted by Mariah View Post
    Transcendental enumeration.

  20. #20
    more ape than man timmhaan's Avatar
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    i would not invest heavily in the dollar now...like mentioned above there is nothing in the works that would necessarily change it and some very smart people suggest it will stay low for a while. perhaps take a nibble and then continue buying when you eventually see it rise.

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    Right now, I'm in college, so pretty much life is read-only right now. Then, once I graduate, it will be the job hunt.

    I'm a cynic. I'd avoid the stock market, and choose to go for commodities, such as oil or previous metals. With enough money, I'd go for unimproved land, especially if there is any for sale around the new toll roads around Austin. Once the NAFTA trucks start going that route, that land will definitely be worth it. For example, a large tract could be used as truck stop franchise there that modern facilities from showers to IdleAir 18 wheel cab heating/air so truckers don't have to idle when sleeping at night.

    Or, maybe I'll just chuck cash at something which may be a good investment, but a gamble. For example, a special "security club" where to be a full member, you have to have a clean criminal record, and part of the dues is checking the record weekly to ensure that a valid member is not a convicted criminal. Said "security club" would offer a surety bond for each member, where if a member does something, the victim can make a claim for damages. This helps members get trustworthy positions.

  22. #22
    Senior Member hos13's Avatar
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    Tell me if this would work or not. If everyone destroyed the the same percent, (say 10 percent) of their cash, would the dollar a value increase and thus off set the percent each individual destroyed.
    "Don't give up, don't ever give up" jimmyv

  23. #23
    Videre non videri
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    Quote Originally Posted by trsidn View Post
    But possibly not. We are not doing much to improve things on this end.
    Of course not until it bottomed out and started to rise again. But it's all academic anyway, as I have no such money to spare.

  24. #24
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    Tough. Only artists need art to survive.
    Ad work is down, PJ does not pay, still have some printing work stacked up but it's slowing too.

  25. #25
    Senior Member pedex's Avatar
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    business is booming personally, had to tell 2 clients to call someone else back in january, can't keep up with it all, I'm not taking on new business, just raising prices 30% per year till the inflation eases or the customers scream "no mas"

    legal industry continues to grow at around 5% per year locally, and collections and debt filings have recently gotten much stronger, too bad most of it is just paper, enforcement on debts in this country is a complete joke

    wanna survive what's coming and be in good shape, get out of debt and get to the non-discretionary side of the economy ASAFP

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