Morning Folks!!
Time to take some time off and recharge the batteries for
what will be the most interesting Fall ever in the history of business. We are
at the “Everyone is full of shit” stage in the recession. The “Experts” that
did not see it coming even though that was what they were paid to do now say
the recession may be over. So let’s rip theses folks a new one.
First of all
even if they are right and the recession is over, the pain is just starting.
Let ME guess where we are at. My gut says we are in the “Eye of the storm.”
Folks that know about hurricanes know that the worst part of a hurricane is the
backside. After the “Eye” passes over. The eye is a calm period. Then WHAMMO!
With things already weakened it all comes again from the other direction.
Destruction is the end result.
What we are facing may mirror that storm. It
starts when the benefits and extensions for those that are unemployed run out. That
is the day the pain begins. Savings are gone. No income. Bills. Not a pretty
picture multiplied by 10-20 million. Compound that with a weakening dollar and
an out of control deficit and even if things are great there is a huge cloud to
follow.
Health-Care? You MUST pay attention. With negotiating so many contracts I know, we all know, just one sentence, one word,
one thing that can be twisted in that bill that nobody will read can be
monumental. Remember, these folks in Congress will all be gone by the time we
actually have to pay for it. By the time it takes effect in 2013. When the shit hits the fan. So what do they care?
Democrats and Republicans both expect them to know what they are voting on. Read the bill? Are YOU insane? YOU must be part of the NEW MOB! That MOB of
Americans that DARE ask their elected officials questions and expect a STRAIGHT
answer. Expect them to use good
judgment on OUR behalf. Please don't report me for making a 'Fishy post'. To indimidate folks from discussing this most important issue is the worst type of thuggery I have ever seen coming from so high up. Nobody should accept that! Disagree fine, shut folks up and intimidate them??? PLEASE!
Anyway, I will pop in for a couple posts in the next couple
weeks as news from TRAFFIC is released and we have a LOT of news to announce. I
should be able to release the domain name I sold this week as early as Monday. The selling price was $200,000. First contact from the buyer was a year ago. Hand registered in 1996.
Have a GREAT Day!
Enjoy the rest of your summer!
Stay Healthy!
Rick Schwartz
http://www.twitter.com/domainking
earl
It’s time to go to a town hall meeting ya think!
It’s not a spectator sport its the country thats at stake.
Pick up the phone, call your senator and congressperson and give them hell.
Don’t sit on the sidelines on this one. We need everyone in the game.
Rob Sequin
Rick,
I think your hurricane analogy is a good one.
The financial storm that was the sub-prime lending mess and the credit crisis were Wall Street problems that affected us all.
Now I think we might be starting the real recession due to job losses, cut backs in spending etc. This could be the other side of the hurricane.
I will be watching October. Octobers have a bad reputation…
October 1929
October 1987
October 2008
This has been the longest recession since WW2. Does it feel like it’s almost over?
I think everyone has their radar set to pick up any bad news and act on it NOT that everyone has their radar set to pick up any GOOD news and act on it.
We’ll see. Watch October.
Kevin
@Rob
From my life experience Business is War. Good cycles, bad cycles, either way there will always be challenges in our businesses to deal with each and every day.
So the best strategy is to just attack each day head on with our full battle armor ready to kick ass.
Screw the recession, the depression or whatever other BS comes our way. Screw these incompetent and lame brain politicians and wall street greed barons that have totally mucked up our government and cleaned out our treasury. Nothing is going to ever change in that arena.
March on as strong as can be and just focus on the strategies and objectives of your business mission always. All this economic crap is just another pile of shit on the roadway to success we’ve got to figure ways to go around.
UFO
One thing is that TOO many people are endlessly blaming Wall Street for all this mess.
If the Government is endlessly priming the economy with cheap credit then what are banks going to do with all these easy money from the Fed? They are going to lend it.
When times were good and stock prices were exceeding national growth and all the other indicators were favourable then the Fed and Government should have been reining in the economy and dampening it down from overheating, but they can’t because the only instrument they seem to use now is inflation rates, and when inflation sky rockets they will dream up some other indicator to tax, spend and borrow.
The real culprit is the Fed and the Government, providing and indicating stability while at the same time fiddling the figures and secretly playing silly buggers with monetary supply.
The Government needs to be put on a leash and one of the key criteria is to achieve a balanced set of payments.
Let’s put it this way, things are seriously looking like the speed wobbles, monetary policy used to fix the 2003 issue created the 2009 issue, the monetary policy to fix the 2009 issue is going to create the 2015 issue?.. And that really will be the perfect storm for the US.
Still believe though that the DOW will hit 10k by year end, just as I said in May when it was 8300.
domain report
It’s Monday! Looking forward to hearing which domain you sold.
Troy
Yep, Tuesday here and anxious to hear what domain it was Rick.
Thanks.