What is there left to be destroyed after the banking crisis? - Page 2 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #11 of 19 (permalink) Old 09-24-2008, 09:56 AM
BenzWorld Elite
 
jlomon's Avatar
 
Date registered: Dec 2006
Vehicle: 2013 VW Golf Sportwagen TDI, 2011 Mazda 2, 2000 E320 4Matic Wagon (retired),1994 C280 (retired)
Location: Toronto, Canada
Posts: 3,488
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by slybydesignw210 View Post
Lets see if Jayhack will post pictures of people buying Iphones to debate what Ahmadinejad has said. Or he can go to the congressional hearings with Iphone sales charts proving a financial bail out is not needed, but instead more Apple products need to be placed in the hands of the American public solely paid for by their credit cards.
Owned, anyone?
jlomon is offline  
Sponsored Links
Advertisement
 
post #12 of 19 (permalink) Old 09-24-2008, 09:59 AM
BenzWorld Elite
 
FeelTheLove's Avatar
 
Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Posts: 28,829
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
Quote:
Originally Posted by mcbear View Post
Big manufacturing is gone, banking is broken but will come back in a shiny new package, the technology sector is outsourcing as much as possible, as fast as possible to third world countries.

I would guess that personal bankruptcy [consumer credit] will be the next "oh shit" moment. As folks find that they can't pay their credit cards with the equity that no longer exists the weight of 15-30% interest will push the BKs up 300-400% from today's numbers [801,840 in 2007, compared to 573,203 in 2006]. That will have the effect of crashing the "impulse buying at retail stores" market which will further weaken the jobs market so expect that domino chain to start soon afterwards.

Food and Energy are just about the only two that can't be royally screwed. Healthcare is the 10 Ton Gorilla in the mix. Screw that up worse than it is and dominoes fly everywhere.
The next big shock will be the loss of the dollar's status as the world's reserve currency. Get your change in Euros whenever possible.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
FeelTheLove is offline  
post #13 of 19 (permalink) Old 09-24-2008, 06:25 PM
Lifetime Premium Member
 
Date registered: Jun 2007
Vehicle: 2005 SL 55 "k" 26K 1967 250 SL ?K 1984 500 SEC 242K http://www.flickr.com/photos/mercebman/
Location: CA
Posts: 998
Mentioned: 0 Post(s)
Quoted: 15 Post(s)
Lifetime Premium Member
Wait! We still haven't privatized Social Security yet. We should also look into banning subversive books, speech and any sexual proclivity we might enjoy.
hilld is offline  
post #14 of 19 (permalink) Old 09-24-2008, 07:37 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by hilld View Post
Wait! We still haven't privatized Social Security yet. We should also look into banning subversive books, speech and any sexual proclivity we might enjoy.
You work for Sarah! don't you?

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #15 of 19 (permalink) Old 09-24-2008, 10:46 PM
BenzWorld Senior Member
 
Date registered: Nov 2003
Vehicle: Mercedes free= stress free
Location: North PDX, gangsta!
Posts: 481
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
sure there is still lots left to destroy.

Well people are losing jobs left and right, If you dont have a job you cant pay bills. If you can't pay the bill who do you turn to? Your old Mr. VISA.

Bankruptcy is up, defaults on loans will be up, people can't buy thing because banks WILL and HAVE tightened their lending standards. No more Zero APR financing on cars will lead to more job loss at big three and its suppliers. People wont buy dumb shit like new laptops because that model is out of date. No more new loans unless your credit is stellar. I think FICO scores will go down because the EXP TRANS and EQUI will both grade harder. I think that oil companies will raise gas prices so that they can keep their profit margins fat. Airlines are already not doing good, so they may be the next victims.

recap in short hand.
STRICTER LOANS
LESS CONSUMER CONFIDENCE
MORE JOB LOSS
GAS UP
FOOD/NESSECITIES UP

I bet you the dollar will be = to .40 GBP and .55 EUR
and 1.25 CND

Canada is chuckiling right now. especially with all those natural resources and clear headed canucks with free health care, localized economy, good financial practices. Were going to be Mexico and Mexico will become.... Rawanda. Or it might just implode.

Civil war anyone? Rich vs. Poor/Middle Class?

2001 SAAB 9-3 SE w/ H.O.T
2010 Ford Edge SEL... I secretly love it.

Previous whips
2006 CLS500, 1988 300TE, 2003 HD VRSCA, 1995 C220, 1999 SLK230 Sport, 2003 E55 AMG, ,2001 Honda Shadow ACE 1100, 2001 M3 Cabrio, 1999 E55 AMG, 1992 500SL, 1997 E50 AMG W210, 1986 190E 2.3-16, 1990 230E W124, 1992 400E W124, 1993 190E 2.6, 1983 380SEC, 1997 325iAC, 1995 M3, 1988 325i Cabrio, 1979 320i E21
andy380SEC is offline  
post #16 of 19 (permalink) Old 09-24-2008, 11:32 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
So the interesting question is, What will GOLD be? It is $888 right now. It was $742 Sept 11.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #17 of 19 (permalink) Old 09-25-2008, 01:05 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by mcbear View Post
So the interesting question is, What will GOLD be? It is $888 right now. It was $742 Sept 11.

The Euro was on the low side of 1.40 USD to 1 Euro just before things started to go tits up now it is hanging this afternoon in Asia at USD 1.4781 to 1 Euro in that short of time period.
Jakarta Expat is offline  
post #18 of 19 (permalink) Old 09-25-2008, 01:14 AM
worst mod in BW history
 
ThrillKill's Avatar
 
Date registered: Apr 2005
Vehicle: ML CLK Iridescent Hyundai Accent lol,GoPed Freightshaker & Volvo semi's, c'mawn?
Location: Chicago
Posts: 27,762
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Lifetime Premium Member
I just heard a rumor that their gonna outsource Moon Pies to Afghanistan.

ThrillKill is offline  
post #19 of 19 (permalink) Old 09-25-2008, 01:23 AM
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by ThrillKill View Post
I just heard a rumor that their gonna outsource Moon Pies to Afghanistan.

Obvious rumor started by Jay saying that BO was sponsoring the outsourcing bill, sure locks in the southern vote for Boss Hogg and Daisy Duke...........
Jakarta Expat is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Wasn't Dodd a Pres. Candidate as well as Chairman of the Senate Banking Committee? pcunningham42 Off-Topic 4 06-14-2008 12:15 PM
    Anyone have a destroyed MCS? mbsickness W163 M-Class 6 10-03-2006 06:54 AM
    Haha! My left CAT is destroyed... skipinschool W210 E-Class 6 02-02-2006 08:12 AM
    Investment Banking Careers jsloan01 Off-Topic 14 01-13-2005 08:16 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome