You can thank the idiots who voted in the majority in the House and Senate who set the budget and caused the entire housing market problem.
-
Welcome to the new forums! Please read this first. For known issues we are working to resolve, click here.
Financial crisis
- Thread starter Klaas1
- Start date
Steve Bingham
Forum Pro
True. My vote: NO on any incumbant. I just can't seperate them - I have REALLY tried. Some good guys might go down with the bad - so be it.
Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
--
Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
You must mean those idiots who socially engineered mortgages (by tampering with the marketplace) to people who really couldn't afford them, only to screw them and everyone else later on, which is now. They've only proved that there's lots of idiots on the hill. Normally I might've said, "good intentions gone bad," however, when dealing with politicians, good intentions are very rare. It would've been far cheaper to give everyone a good DSLR.
--
Stan ;o()
In the spirit of Occam’s Razor one should embrace the less complicated formulation or simply put, less is more.
http://standavidson.com/post/Birds
guyatdepreview
Forum Enthusiast
has just shown its real face and it's horrific.
Bankers all over the world, not only in the US, have ventured in very risky enterprises with the sole purpose of getting more profit. Greed finally catches up on them and unfortunately upon all of us.
I hope there's a way out of this mess.
Kind regards.
Bankers all over the world, not only in the US, have ventured in very risky enterprises with the sole purpose of getting more profit. Greed finally catches up on them and unfortunately upon all of us.
I hope there's a way out of this mess.
Kind regards.
I would say capitalism is to greed as a gun is to a criminal mentality. Neither capitalism nor a gun are at fault, what is to blame is wrongdoing by an unbalanced mind.
No telling how camera & lens technology might have advanced in the coming years, if not for what's happening now. I think it'll take a long time for the world to pull out of this. In the meantime, I'll be enjoying the hell out of my gear.
No telling how camera & lens technology might have advanced in the coming years, if not for what's happening now. I think it'll take a long time for the world to pull out of this. In the meantime, I'll be enjoying the hell out of my gear.
kungfusion wrote:
it is stressful. You never know what things will be
like in 5 years, 10...
We should be seeing 3000 sq. ft. houses for $30 K. Mercedes for !0 K
Nikon pro lens in the low hundreds. But then you'll only be making
$2.25-3.50 per hour. And the current bear market should be close, to bottoming
out, maybe 1-3 years more.
it is stressful. You never know what things will be
like in 5 years, 10...
We should be seeing 3000 sq. ft. houses for $30 K. Mercedes for !0 K
Nikon pro lens in the low hundreds. But then you'll only be making
$2.25-3.50 per hour. And the current bear market should be close, to bottoming
out, maybe 1-3 years more.
Well, I'm a lucky guy. I'm 65 now. Good health (mjehh.. diabetics). Good pension,
younger wife, a D300 and plenty of time to do things I like.
younger wife, a D300 and plenty of time to do things I like.
--
If I knew that, I would be a very rich man - despite crisis and all.
harlot
Leading Member
Here in Europe car manufacturers are not selling cars, but garages are making a big profit. If this info can be extrapolated the the digital photography realm.
Daniel
Daniel
Phil_L
Senior Member
Idiots?? Hardly!!
I could think of quite a few other descriptors though.
They managed to siphon off money from gullable low income takers into their own pockets via interest payments on sub prime loans and mind blowing bonus schemes.
The much toted Republican "trickle down" theory of economic growth turned on its head to become "trickle up".
Upside down Robin Hood.
The same bunch of unscrupulous, callous, greedy crooks are in charge of the "bail out".
If I was religeous I would say God help us all.
Yes!
--
Phil_L
photonerdcom
Senior Member
no more innovation...they don't need to make any more money.
They'll never try to make a profit ever again.
The sky is falling, the world is over, OMG!
Come on people...
--
8> )
They'll never try to make a profit ever again.
The sky is falling, the world is over, OMG!
Come on people...
--
8> )
Suntan
Veteran Member
Don’t get too worried. As it happened before, it will happen again.
When I was a tike, Reagan had just won the election and the economy went right into the toilet. Jobless rates were horrid and people were clamoring that the end is here, our children will never live as good as we have it, etc. etc. etc. …oh, and on top of that, everyone was afraid that all civilization as we know it would be blown off the face of the earth in a global p!ss!ng match between us and the Reds…
Yet, here we are some 20-30 years later. Financially speaking, I have been better off than my old man in every category, as he was compared to my grandfather (who felt that things weren’t looking to good for his kids and grandkids what with WWII going on.)
If anyone is worried about their children or grandchildren, don’t sit around and hem and haw about how the world is going to do them in. Spend a bit of time preparing them for it. Sit them down and teach them the value of a buck. Teach them that it is morally wrong to spend more money than they earn. That if they work hard (in this country) they can get ahead of the others around them, regardless if times are good or bad (even when you are on a full ship that is sinking, it feels a lot less stressful to be at the top of the mast than down in steerage.) For young people that are financially responsible and stable, this is no more than much ado about nothing, a good time to invest money on cheap investments.
-Suntan
When I was a tike, Reagan had just won the election and the economy went right into the toilet. Jobless rates were horrid and people were clamoring that the end is here, our children will never live as good as we have it, etc. etc. etc. …oh, and on top of that, everyone was afraid that all civilization as we know it would be blown off the face of the earth in a global p!ss!ng match between us and the Reds…
Yet, here we are some 20-30 years later. Financially speaking, I have been better off than my old man in every category, as he was compared to my grandfather (who felt that things weren’t looking to good for his kids and grandkids what with WWII going on.)
If anyone is worried about their children or grandchildren, don’t sit around and hem and haw about how the world is going to do them in. Spend a bit of time preparing them for it. Sit them down and teach them the value of a buck. Teach them that it is morally wrong to spend more money than they earn. That if they work hard (in this country) they can get ahead of the others around them, regardless if times are good or bad (even when you are on a full ship that is sinking, it feels a lot less stressful to be at the top of the mast than down in steerage.) For young people that are financially responsible and stable, this is no more than much ado about nothing, a good time to invest money on cheap investments.
-Suntan
ARB1
Senior Member
Same here Klaas1, I can afford a D700 but for now my D300 will serve me well until a D800 comes along; by then I'll probably be ready to upgrade.
Last year I purchased a $3,500 carbon fiber bike, and just recently purchased a Panasonic LX3 as my cycling camera. I'll probably be ready to upgrade them all in the next year or two; just too many hobbies and too little time.
Allen
Last year I purchased a $3,500 carbon fiber bike, and just recently purchased a Panasonic LX3 as my cycling camera. I'll probably be ready to upgrade them all in the next year or two; just too many hobbies and too little time.
--
Allen
Suntan
Veteran Member
Please read paragraph 3. And note the date of the article.
http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&&scp=1&sq=fannie%20mae%20eases%20credit%20to%20aid%20mortgage%20lending&st=cse
-Suntan
ARB1
Senior Member
People also don't realize that a large portion of foreclosures are from investors that over extended themselves because the money was plentiful, but then they couldn't find buyers so they were left with multiple homes that wouldn’t move.
People always want to blame it on the poor that received mortgages, but investors actually played a large role in this mess also. My wife and I invest in real estate and we see it every day.
As for the topic at hand, I love my D300 and can wait for the next generation FF D800.
Allen
People always want to blame it on the poor that received mortgages, but investors actually played a large role in this mess also. My wife and I invest in real estate and we see it every day.
As for the topic at hand, I love my D300 and can wait for the next generation FF D800.
--
Allen
H
harry
Guest
As I am typing this, the US and global stocks are still dropping sharply. Use this as the premises, this is what I expect to happen:
1. The holiday season is right around the corner. The manufacturers will still do their typical promotions and price discounts to move products (in our case, DSLRs). Given the s* situation we are in now, DSLRs would be very likely considered not a priorty so we could see the sales dropping considerably.
2. As a result, in early 2009, there would be a ton of unsold DSLR inventories that in order to keep the "cashflow" moving, either the manufacturers or the retailers would need to heavily discount the prices. Therefore, I would consider the first half of 2009 a good time to buy new DSLRs (existing models).
3. I would personally hope the price of D90 to drop to $799 (with rebate?) and D300 to drop to $1,299 (with rebate?). The rebate strategy would make more sense because Nikon would keep the "list price" unchanged (indicating the "value" of the products), while the rebates would signal a "temporary" sales manuveur to reflect our current economic situations.
4. In the long run, if the world is going into a prolonged recession altogether, then I think Nikon and others would delay the launch of new DSLRs and cut production.
--
Harry
1. The holiday season is right around the corner. The manufacturers will still do their typical promotions and price discounts to move products (in our case, DSLRs). Given the s* situation we are in now, DSLRs would be very likely considered not a priorty so we could see the sales dropping considerably.
2. As a result, in early 2009, there would be a ton of unsold DSLR inventories that in order to keep the "cashflow" moving, either the manufacturers or the retailers would need to heavily discount the prices. Therefore, I would consider the first half of 2009 a good time to buy new DSLRs (existing models).
3. I would personally hope the price of D90 to drop to $799 (with rebate?) and D300 to drop to $1,299 (with rebate?). The rebate strategy would make more sense because Nikon would keep the "list price" unchanged (indicating the "value" of the products), while the rebates would signal a "temporary" sales manuveur to reflect our current economic situations.
4. In the long run, if the world is going into a prolonged recession altogether, then I think Nikon and others would delay the launch of new DSLRs and cut production.
--
Harry
Kaj E
Forum Pro
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=320308801162
--
Kind regards
Kaj
http://www.pbase.com/kaj_e
WSSA member
Keyboard shortcuts
- f
- Forum