7 replies to this topic

[nimblebear]

We don't manufacture much, as we use to, but just think of all the things that we do, and many of them, not all (unnessary in life) are about to get crunched big time. All affected by subprime

Think:

Harleys - see link http://blogs.marketw...s-to-high-.html
Winnebagos -
Polaris snowmobiles -
Sea Ray boats -
ATV's -
Pop up Campers -
Automobiles - (and the thousands of suppliers)
Trailers -

then comes
All types of furniture
carpeting/flooring
shingles
decks
Sunrooms
Pools
Major appliances
Exercise equipment
Plasma TV's.

Basically all the stuff that is financed bigtime, that most people couldn't afford in the first place, but just had to have. Rarely do people pay cash b/c most of this stuff depreciates rather rapidly.

Do you thinks banks and other lenders will have enough liquidity to handle all the loans that people won't be able to pay off, or be forced to drop ? Never mind foreclosed homes - who the heck(what bank/lender) wants boats, snowmobiles, motorcycles being dropped on their heads instead of receiving that monthly payment ? Sell it for 10 cents on the dollar ? to whom ?

Geez, is that helicopter Ben I hear coming ready to drop rates like lead, and flood the market with liquidity ?

OOOOOPS ! What happens to the dollar then ?

You know the Shang HI bubble is depending on us, the US of A, to keep buying this "stuff."

Could that puppy be popping soon ?

Maybe E-bay will save the day !

[*JB*]

We don't manufacture much, as we use to, but just think of all the things that we do, and many of them, not all (unnessary in life) are about to get crunched big time.

I won't write a dissertation on how vulnerable I feel we are -- it would take hours.

I'll just say that the Roman Empire began it's fall in earnst when it got to the point where it imported everything -- including necessities. It lost it's ability to sustain the empire when it sources for key goods were cut off by the hordes that attacked it's outposts and supply lines which they could not defend.

Their armies became stretched far too thin when they needed to defend such VAST connections to their "producers".

Edited by *JB*, 08 September 2007 - 12:03 AM.

[dcengr]

We don't manufacture much, as we use to, but just think of all the things that we do, and many of them, not all (unnessary in life) are about to get crunched big time.

I won't write a dissertation on how vulnerable I feel we are -- it would take hours.

I'll just say that the Roman Empire began it's fall in earnst when it got to the point where it imported everything -- including necessities. It lost it's ability to sustain the empire when it sources for key goods were cut off by the hordes that attacked it's outposts and supply lines which they could not defend.

Their armies became stretched far too thin when they needed to defend such VAST connections to their "producers".

We won't fall apart until we start importing armies to do the fighting for us.. ofcourse we've already started the process of farming out the manufacturing of our hi-tech weaponry to foreign countries...

You'll know the end is near when there's a draft and you can buy your way out by hiring a chinese or mexican to take your place.

[pdx5]

Rumors of the demise of the USA are highly exaggerated Come on guys wake up and smell the coffee. Stocks decline 10% and it is the end of the empire? Heck stocks dropped 22% in ONE day in 1987. What was that? End of the world? How silly! If we survived the great depression, WW II with a million casualties, 911, LTCM debacle, S&L debacle, assasination of JFK, Loss of Viet-Nam war with 50,000 soldiers dead, we can survive a housing bubble. Stop panicking!!

[ogm]

How about agricultural products exports ? Or medical equipment and devices ? Or drugs ? Or different high tech equipment and expertize ? And I'm not talking about consumer electronics. There is plenty of stuff we export. Plenty. Take agriculture for example.. look at the wheat and pork exports. China is importing Pork from US..... how about that.

[nimblebear]

We don't manufacture much, as we use to, but just think of all the things that we do, and many of them, not all (unnessary in life) are about to get crunched big time.

I won't write a dissertation on how vulnerable I feel we are -- it would take hours.

I'll just say that the Roman Empire began it's fall in earnst when it got to the point where it imported everything -- including necessities. It lost it's ability to sustain the empire when it sources for key goods were cut off by the hordes that attacked it's outposts and supply lines which they could not defend.

Their armies became stretched far too thin when they needed to defend such VAST connections to their "producers".

Their army's being stretched way to far trying to "conquer" everything was definitely a key part of their demise. The parallels between the Romans and current day US is highly discomforting.

How about agricultural products exports ?

Or medical equipment and devices ? Or drugs ?
Or different high tech equipment and expertize ? And I'm not talking about consumer electronics.

There is plenty of stuff we export. Plenty.

Take agriculture for example.. look at the wheat and pork exports. China is importing Pork from US..... how about that.

AG exports 7 % of US GDP (used to be 40% in 1900)

AG EMPLOYEES: 1.7% OF US pop.

Thats gonna carry us through any recession ???

The best thing we are good at is exporting our debt ! Plenty of that to go around.

[cgnx]

Is your full name Osama Bin Nimblebear? On the bright side I'm hoping prices of homes and stocks get crushed so I can get in cheap. Prices are still way overpriced. We need bargains.

[johngeorge]

On the bright side I'm hoping prices of homes and stocks get crushed so I can get in cheap. Prices are still way overpriced. We need bargains.

cgnx
Spoken like a true shopper
Best to you