Kibbles
Premium
join:1999-07-31
Mission Viejo, CA
| reply to bobrk
Re: SoCal & The Economy ~ Financial Markets ~ Housing ~ Etc
said by bobrk  :Ah, ok. Cool. My taxes are over $8k, thanks to prop 13. The house my ex has the taxes are 20k a year  |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
 ·Verizon FIOS
| reply to Kibbles
Ah yes, I forgot that your situation was intra-family...
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
·Verizon FIOS
| reply to aztecnology
Stocks tumbled today, and everyday I think were getting closer and closer to an official recession (were probably already in it).
Bond yields are up, likewise are mortgage rates
Oil is shooting back up
General slow down with most major retailers and their earnings
»www.cnbc.com/id/19318530
And the biggest news of yesterday was the shake out of the Bear Stearns Hedge funds (CDO's,collateralized debt obligations - Mortgages), where JP Morgan and Merrill are about to start auctioning assets to cover the billions in losses...
»www.cnbc.com/id/19330015
"At least a third of what is being shown is pretty esoteric stuff," said [Mark Adelson, managing director of fixed income research at Nomura Securities.] The bulk of collateral appearing on the bid lists are CDOs that are backed by a pool of mortgage bonds, and CDO squareds, which are CDOs of CDOs, similar in concept to a fund of funds, market participants said.
»calculatedrisk.blogspot.com/2007···ale.html
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
Kibbles
Premium
join:1999-07-31
Mission Viejo, CA
1 edit | Well since the Democrats are sort of in power now in DC....and we more than likely will have a Democrat President...what are the possibilities that the Democrats will escape being blamed for the recession?  |
|
No_Strings
Premium,Mod
join:2001-11-22
The OC
Host:
Wireless Networking
All Things Unix
Cox HSI
Qwest
Efficient
| said by Kibbles :Well since the Democrats are sort of in power now in DC....and we more than likely will have a Democrat President...what are the possibilities that the Democrats will escape being blamed for the recession? What are the possibilities we could escape a recession with Democrats in power? Slim to none, in my view. |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
·Verizon FIOS
| said by No_Strings :said by Kibbles :Well since the Democrats are sort of in power now in DC....and we more than likely will have a Democrat President...what are the possibilities that the Democrats will escape being blamed for the recession? What are the possibilities we could escape a recession with Democrats in power? Slim to none, in my view. said by No_Strings :said by Kibbles :Well since the Democrats are sort of in power now in DC....and we more than likely will have a Democrat President...what are the possibilities that the Democrats will escape being blamed for the recession? What are the possibilities we could escape a recession with Democrats in power? Slim to none, in my view. I agree. I think at this point recession is inevitable...
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
jinjimbob
Troy Mcclure
join:2001-11-13 | reply to aztecnology
Democrat almost equals republican in the US, both right of the middle.
You guys in the forum have been saying 'housing bubble pop' for the last two years. |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
·Verizon FIOS
| said by jinjimbob :Democrat almost equals republican in the US, both right of the middle. You guys in the forum have been saying 'housing bubble pop' for the last two years. said by jinjimbob :Democrat almost equals republican in the US, both right of the middle. You guys in the forum have been saying 'housing bubble pop' for the last two years. Well, it should have started 2 years ago, but easy credit has extended it for 2 years, which unfortunately means that housing has that much more to fall.
In many cases/neighborhoods in SoCal, housing is already back to 2005 prices...
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA | reply to aztecnology
What's everyone's thoughts on the possible grocery workers strike...? |
|
nightdesigns
Gone missing, back soon
Premium
join:2002-05-31
AZ
 ·Cox HSI
| said by aztecnology :What's everyone's thoughts on the possible grocery workers strike...? Not again.
--
[[Your signature here]] |
|
No_Strings
Premium,Mod
join:2001-11-22
The OC
Host:
Wireless Networking
All Things Unix
Cox HSI
Qwest
Efficient
| reply to aztecnology
Union workers never learn and union leaders never tire of lining their pockets with the blood of the people they purport to represent.
Companies will always look for ways to improve their results by adding top-line revenue (new products or services, new markets, raising prices) or through cutting costs (negotiating favorable tax treatment, lower rents, wage or benefit cuts) while still maintaining an acceptable level of customer satisfaction and employee retention. It's their fiduciary responsibility to do so.
Unions, in an effort to preserve the status quo, create a deliberately hostile environment between companies and their employees. They position themselves as the only alternative for improving wages, benefits or conditions. They take their cut, regardless of the outcome.
Employees in low-skilled jobs will always be at risk. It's ludicrous to think that I should get $50K, medical and 4 weeks vacation scanning bar codes because I've been there for 10 years when the company can train a kid to do it for $10K in a week. Hell, they could train a chimp for that job.
If wages and benefits are not allowed to adjust to market rates, eventually, it collapses. Outsourcing or Wal-Marting or some other phenomenon comes in to fill the gap. Look to Detroit for a wonderful example of what happens when labor unions are empowered.
A strike will result in the same thing it always does - lost revenue, lost wages, lost customers and hard feelings all around. The only winners are the union management. |
|
Stiofan
join:2000-08-21
Post Falls, ID
| reply to nightdesigns
said by nightdesigns :said by aztecnology :What's everyone's thoughts on the possible grocery workers strike...? Not again. Afterwards can we talk about earthquakes, or maybe how to get out of valid traffic infractions?
I know, I'm bored but at least I didn't mention railroads. |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA
| reply to aztecnology
said by aztecnology :What's everyone's thoughts on the possible grocery workers strike...? The same they were the last time. I'll be crossing the lines to shop if it suits my own interest. I won't do it just to do it, but if I need something from Ralphs that Stater Bros doesn't have, there I'll be. It's the Retail Clerk's fight, not mine. Although, last time I crossed an Albertson's line a couple times just to see what they'd do.
Last time I made some extra dough backing semi trucks up to the docks at a couple of South ORCO supermarkets. The drivers were showing typical mindless union "solidarity" with the RCU strikers, and wouldn't cross the lines to deliver. At the time I still held a valid Class A commercial driving license, so I put it to use.
--
Life Member, NRA and CRPA. |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
·Verizon FIOS
| reply to aztecnology
I used to be a member of the UFCW and worked for Ralphs while I was going to school. The only contract that came up during my tenure was negotiated successfully. During the strike a couple years ago I crossed the lines as I needed to at the time and the stores were like ghost towns, but the deals were a plenty. I'm sure I'll be doing the same this time around if they do indeed call for a strike...
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
·Verizon FIOS
| reply to aztecnology
Interesting commentary from Professor Roubini, on the statements made by Bill Gross the head man at Pimco Bonds (the biggest bond fund in the world),on the state of the CDO/Bear Sterns hedge fund shakeout:
“AAA? You were wooed Mr. Moody’s and Mr. Poor’s, by the makeup, those six-inch hooker heels, and a “tramp stamp.” Many of these good looking girls are not high-class assets worth 100 cents on the dollar. .
And sorry Ben, but derivatives are a two-edged sword. Yes, they diversify risk and direct it away from the banking system into the eventual hands of unknown buyers, but they multiply leverage like the Andromeda strain. When interest rates go up, the Petri dish turns from a benign experiment in financial engineering to a destructive virus because the cost of that leverage ultimately reduces the price of assets. Houses anyone?…
»www.rgemonitor.com/blog/roubini/202280
»www.pimco.com/LeftNav/Featured+M···2007.htm
--
"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
|
No_Strings
Premium,Mod
join:2001-11-22
The OC | Just you wait ... some day I'll be smart enough to understand all that.
You'll see. |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | When that happens, I hope you don't mind kicking some of that knowledge down here into the groundlings pit. I have no f'in clue what he's talking about.
--
Life Member, NRA and CRPA. |
|
No_Strings
Premium,Mod
join:2001-11-22
The OC | First you want chocolate. Now, knowledge. Where does it end?! Wisdom? |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | It never ends. |
|
HappyBunny
Hi. Cram It.
Premium
join:2001-06-23
Long Beach, CA
·Charter Pipeline
| reply to aztecnology
said by aztecnology :What's everyone's thoughts on the possible grocery workers strike...? My thought is... they apparently didn't learn the first time that their union is not looking out for them. I read an article in the LA Times about a meat cutter for Von's who is *bitching* about his $17.00 an hour job. Um, MSWs (Clinical Social Workers) with a Master's Degree often earn in the $20-22 an hour range.
What part of "you are damn lucky to be earning $17.00 per hour with NO degree or skills" do you not understand, Mr. Meat Cutter?
No sympathy from me--I worked damn hard to get to my not-much-more-money-than-you career. And my job is a damn sight more demanding and difficult, so I will be sure and give you a "friendly gesture" as I cross your picket line. |
|
