I've got an old friend from high school who works in global fixed asset inventory reconciliation. He knows folks who profit from bankruptcy....liquidations. :haha:Quote:
Originally Posted by rockgremlin
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I've got an old friend from high school who works in global fixed asset inventory reconciliation. He knows folks who profit from bankruptcy....liquidations. :haha:Quote:
Originally Posted by rockgremlin
I saw the biggest hit in my retirement but havent actually felt a hit yet. The bikeshop has slowed down but the weather does that to me every year so I don't expect to feel it until after the first of the year. Luckily, I'm not looking for a new home any time soon and the cars all work (knock on wood) The mining industry is feeling the crunch but there are nearly 300 people under me so I have a little bit of a cushion...is that too callous? :ne_nau:
.......cheap gas is GOOD!
Working for Zions Bancorp, the IT dept alone has to cut a few million from the budget for next year. None of it is supposed to come out of my paycheck though and annual raises are still on as of now. But who knows, that may change tomorrow. :ne_nau:
We've seen some sporadic order activity in the last few months, but things seem to be catching up to us. December orders are very small, and only a few. If this keeps up we'll be cutting hours and perhaps laying off employees. I hear similar rumblings from others in our industry that are worse off than us. It still looks like we'll have a "normal" overall year.
:ne_nau:
www.braveusa.com
Hasn
Basically I have been a starving student from 2003-2007 and it has only been this past year that I have made a decent income. The only money I have in a 401K is what has been dumped into there in the last 18 months, peanuts, I don't even bother looking at it.
We had a meeting last week on campus about the state of the economy and how it is effecting higher education. I walked away from that feeling like for the next year my job at WSU is ok. However if things get worse... well I guess I will be working full-time in a hospital lab, unfortunately the need for hospitals is not going to go away. Even if it means moving to timbuck2 where the need for our profession is the greatest, I will have a job. The plus side for Universities is that in times like this they see an overall increase in enrollment.
However, my mother who works in the title business, is seeing drastic changes. They have already downsized her office, she has taken home all personal effects and refinanced her house for a smaller payment. She is very worried that at any moment they will walk in and lay her off. I told her no matter what it takes we will work through it. If I have to work two jobs and she becomes my nanny I will help. I owe her soooo much.
Being in State Government, more specifically emergency services does have its perks. Sure we get zero recognition, long hours, all for average pay. But, we are not directly effected by the fallout. Sure we don't get our ASI's, or a COLA next year, but that's a small price to pay. We have been asked to cut our budgets by 5%, which I find both pro's and con's in that.
But, like what others have posted, I make sure to put my hand in anything offered, so it makes it harder to get rid of me. :mrgreen:
Oh yeah, 401k's have taken a hit. But I have a few decades left before I need it.
And I will admit, the price of gas was kind of a drag. I definitely am liking the cheap fuel while I can get it.
I'm good. This is a good time to sit tight, enjoy the time to contemplate, and be ready when it is time to move forward again.
I took all my money out of the market last year when the DOW was in the 14K area. I threw it all back in last month between 9k and 8.2K. I've got years before I will be able to access it anyways.
We are starting to eat out less. I try to make my purchases from "the little guy". I avoid chain food restaurants, large retail stores, etc. I want my money to stay in my community.
The price of gas is nice given that we spend so much this summer traveling to Zion so often.
It's sad to hear that Bo's store is closing. I enjoy stopping there on our way through. It's amazing what you can purchase when you are on a time schedule to get the permits picked up on time. A group of 7 of us stopped one time and in the time span of 15 minutes we purchased 3 pairs of hiking shoes/boots, socks galore, and a couple of other items. The service was great!
The economy will pick-up again. It may take a little time, but it will get better.
We get to have a meeting today on how the economy is affecting our company. I know things have slowed for us (commercial architecture) and I'm pretty worried about the outcome of this meeting.
I'm a steel detailer for a fabricator in Brigham City and so far, life is still good. We have had 3 record sales years in a row and the work is still coming in. As long as commercial and industrial construction continues, things will work out ok for us.
I've learned to never say never though.
I am also a citizen of Europe so if things go really sour here I will learn French and bail out :roflol: Just kidding :haha: Although Norway sounds mighty interesting :twisted:
Well??? You might call it an involuntary retirement?! I think it has to do with a smathering of things, economy included.Quote:
Originally Posted by rockgremlin
For real, but, but, but, but.....got some probing sticks in the fire as we speak! :nod:Quote:
Originally Posted by CarpeyBiggs
Yeah...tough times ahead for sure, but keep a PMA and ride the storm out. Just need to learn to live a bit differently, (never quit having fun though) and better financial times will happen one day.Quote:
Originally Posted by savanna3313
NOOOOOOOOOOOOOOOOOOOOO :cry1:Quote:
Originally Posted by Bo_Beck
Too bad. Here in vegas we've seen a downturn in resort architecture, but lucky for me my firm is the owner/developer for M with all the financing in place long before the slump hit. Our firm has also been able to acquire a few other hotel jobs throughout the country so I should be fine. Our firm did lay off 26 people at the end of September but supposedly that was the only wave of layoffs.Quote:
Originally Posted by Skylinerider
<bump>
What about now? I originally posed this question back in November, and the economy has worsened since then. Still nobody affected?
We no longer get Starbuck's to use in our coffee makers :roll:Quote:
Originally Posted by rockgremlin
My accounts receivable continue to get bigger. I am starting to dump non paying clients for the first time in my career. Also, I just trimmed a few days off the family vacation.
My wife's job is restructuring their finances. This gives them till June to turn around sales, otherwise her job is bye-bye. :eek2:
James