3 replies to this topic

[n83]

http://biz.yahoo.com...tdown.html?.v=2

privately-held so does not make headlines as no stock tanking ahrs by 70% or so

Edited by n83, 18 August 2007 - 11:49 AM.

[Rogerdodger]

I wonder if any of those 6,000 laid off have mortgage payments?

Snowball anyone?


As I posted below:

The start of the Tropicana's $2.5 billion makeover has been delayed until at least 2008 because of a volatile debt market and rising construction costs, a company spokesman confirmed late Wednesday.

Edited by Rogerdodger, 18 August 2007 - 12:11 PM.

[Tor]

Its brutal how these private companies behave. The owners, maybe a family see an opportunity: mortgage lending, and they rapidly grow. Reap the rewards, hire fast. They a slowdown of downturn comes. They effectively fold the business, maybe chase another opportnity. I am think net US wealth. Its tied up in both real estate and stocks. I am overall betting on the fact that as real estate falls, the all possible will be done to keep stocks up, leaving net wealth even. i dont know of course, but that is my hunch. Bubbles can work as long as they keep on getting passed around from one to another. Tech-housing-?????-whats next??

[Rogerdodger]

From MsHolly's blog:

hubby just called and has gotten caught up in a massive mgmt layoff at work…as of sept 1, no job, no insurance, here is a severance check (which will last us about 2 weeks up here), and a boot out the door!!!!

We will soon see if this changes:
Layoff plans fall to 1-year low in July
MarketWatch Aug 1, 2007
WASHINGTON (MarketWatch) -- The number of workers that U.S. corporations planned to cut from payrolls fell by 23% to 42,897 in July, the fewest in a year, according to an unscientific tally released Wednesday by outplacement firm Challenger, Gray & Christmas.

Edited by Rogerdodger, 18 August 2007 - 12:42 PM.