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Post by m0wow on Dec 7, 2008 12:11:18 GMT
Hi Folks, How is the credit crunch affecting our members?, it's hitting here pretty hard and businesses are going down crazy. Also Icom have announced a 15-20% price rise on amatuer radio gear next year . They say this because radios are paid for in euro's to Japan where it is then changed to US dollars (at least for Europe) and the low exchange rate is to blame. I for one will not be buying any new radios, i think it may be time to dust off the soldering iron and build my own . 73's de Den.
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Post by k9do on Dec 7, 2008 13:12:12 GMT
For us personally it is not really affecting us . Dave's company is still doing well he got a raise in October. Our house is paid off ( we paid if off 5 years ago) we have no loans and no credit card debt.
But there is noticeably inflation. Groceries are up 20%-30% there are quite a few business going out of business everywhere. The unemployment rate nationally is at it's highest in many many year (6.7%)
But the good thing gas prices have come way down, now $1.59 a gallon here, where in the summer it was up to $4.40 a gallon
I am not a shopper and don't needlessly spend money, even though Dave's company is doing well. I am watching the spending never know when things will take a turn for the worst.
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Post by ridgerunnr on Dec 8, 2008 0:26:36 GMT
Yup it pays to be a money manager! Damm I would be surprised if we don't come real close to a depression the way things are coming apart here unlike ever before. The climate tells me things could get pretty ugly and people too-before things start looking up again. Be vigilant you guys.
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Post by k9do on Dec 8, 2008 1:50:24 GMT
Yup it pays to be a money manager! Damm I would be surprised if we don't come real close to a depression the way things are coming apart here unlike ever before. The climate tells me things could get pretty ugly and people too-before things start looking up again. Be vigilant you guys. I agree. I am glad we live within our means are not in debt . If we have to cut back we can cut back a lot.
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Post by M0ZIF on Dec 8, 2008 12:26:39 GMT
I think its probably a lot worse for people with Credit Cards, and the price hikes within the credit industry. My opinion is that the people with the most to loose will of course loose out, those being the less well off in society. The well off, couldn't frankly care, unless taxes hit them hard.
I would like to hope that this global recession will start to bring the price of radio equipment down, as its vastly over inflated in some cases anyway. a bit like Nike and Rebok training shoes in the UK as I am not sure what the position with branding and prices in the USA is I can't comment there.
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Post by k9do on Dec 9, 2008 12:44:48 GMT
The well off, couldn't frankly care, unless taxes hit them hard. i agree. They would literally have to get taxes on all their assets at 50% or more for them to really care..or they would have to be taxes so much that they are now middle class. Thing is here except gas prices nothing else is going down. Well the value of houses are going down because their are a lot of foreclosures (AKA people who by right shouldn't have been given the mortgage in the fist place). Everything else especially food has gone up not down
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Post by M0ZIF on Dec 9, 2008 16:08:47 GMT
My thoughts are atm, they could take my home, my posessions, (i am hiding my radios and my laptop) and pretty much anything else as long as I have my family I'm pretty much happy The problem is that most people are too materialistic, which reminds me has anyone seen that new ICOM 7200 its quite snacky (shoots self in the foot there then)
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Post by k9do on Dec 9, 2008 20:30:57 GMT
The problem is that most people are too materialistic, which reminds me has anyone seen that new ICOM 7200 its quite snacky (shoots self in the foot there then) I agree....there are very very few material things I actually care about.
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