Track time and the economy
10-09-2008 | 03:30 PM
#91
Rennlist Member
Joined: Aug 2007
Posts: 6,305
Likes: 309
From: Houston, Texas
Both of the main stream political parties dropped the ball on nominating a viable candidate. Both parties had much better choices then the ones that we were presented with in the last 6 months. It is a shame that we have to be stuck with these candidates. I for one am sick and tired of having to pick between the lesser of 2 evils vs someone you can get excited about.
16 more days till Hill Countries DE. The only saving grace for this month besides Halloween.
16 more days till Hill Countries DE. The only saving grace for this month besides Halloween.
10-09-2008 | 03:32 PM
#92
Rennlist Member
Joined: Aug 2006
Posts: 41,905
Likes: 1,752
From: All Ate Up With Motor
I have several businesses. How about you?
10-09-2008 | 05:05 PM
#97
Addict
Rennlist Member
Rennlist Member
Joined: Jan 2003
Posts: 1,857
Likes: 2
From: DFW
I am not going to enter a political debate in the Racing & DE Forum. However, after watching the debate the other night, I am--for the first time in my life--truly concerned for my beloved country. That debate was the most appalling, offensive, incredible display of detatched Senatorial blather in time of crisis that I have ever witnessed. It was clear to me at that moment that neither of these gentlemen perceives ANY sense of urgency about what is going on right now or has a clue in any way as to how to address it.
Neither of them deserves to be POTUS at this time in our history. Yet, because one of them will, I am damned glad I have lots of ammo.
Neither of them deserves to be POTUS at this time in our history. Yet, because one of them will, I am damned glad I have lots of ammo.
Leadership
Vacuum
10-09-2008 | 05:08 PM
#98
Addict
Rennlist Member
Rennlist Member
Joined: Jan 2003
Posts: 1,857
Likes: 2
From: DFW
10-09-2008 | 05:38 PM
#102
Rennlist Member
Joined: Aug 2006
Posts: 41,905
Likes: 1,752
From: All Ate Up With Motor
10-09-2008 | 07:17 PM
#104
Addict
Rennlist Member
Rennlist Member
Joined: Nov 2001
Posts: 2,072
Likes: 25
From: Moraga, California
10-09-2008 | 07:43 PM
#105
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Joined: Jan 2005
Posts: 12,346
Likes: 4
From: New Jersey
It doesn't take a big stretch of one's imagination to ponder likely outcomes of this "once in a century" kind of crisis. Consider this...
- roughly 30-40% of global (yes Global) wealth in market based assets has been wiped out
- 30% of homes in the U.S. have negative equity
- the financial system is frozen (hopefully it will thaw soon) and new credit is virtually non-existent. If Goldman Sachs and General Electric have to beg uncle Warren and pay him at least 10% interest on money guaranteed by uncle Sam, it tells us something about the severity and magnitude of the problems.
- almost every segment is impacted...autos, real estate, travel & hospitality, insurance, banking, commodities. Perhaps pharma & healthcare not so much.
- job losses will continue as businesses retrench
So what does it do for "track" events? Some of us may have to judiciously balance how we spend on hobbies and necessities. Some may perhaps label this as doom & gloom. From my perch it's called realism. And it's not a pretty picture.
Really hope I'm wrong this time...
Cheers!
- roughly 30-40% of global (yes Global) wealth in market based assets has been wiped out
- 30% of homes in the U.S. have negative equity
- the financial system is frozen (hopefully it will thaw soon) and new credit is virtually non-existent. If Goldman Sachs and General Electric have to beg uncle Warren and pay him at least 10% interest on money guaranteed by uncle Sam, it tells us something about the severity and magnitude of the problems.
- almost every segment is impacted...autos, real estate, travel & hospitality, insurance, banking, commodities. Perhaps pharma & healthcare not so much.
- job losses will continue as businesses retrench
So what does it do for "track" events? Some of us may have to judiciously balance how we spend on hobbies and necessities. Some may perhaps label this as doom & gloom. From my perch it's called realism. And it's not a pretty picture.
Really hope I'm wrong this time...
Cheers!
"Some of us may have to judiciously balance how we spend on hobbies and necessities".
The above has been the case for me and my friends under any circumstances.