I see. It is hard for me too to know it. People say that in this sort of crisis business that are very focussed on the very high end (the hyper super wealthy people) or the low end (poor people) have more chances to survive. Businesses that target the middle class suffer a lot and few survive as this crisis will last for long. It is just a rough opinion that maybe is worthless for one particular business, but maybe it might help somehow.
Peace and my honest and tight best wishes for you and yours. Xi On Oct 17, 4:29 pm, CincyBabe <[EMAIL PROTECTED]> wrote: > Thanks, Xi. The worst thing about it is that our business is heavily > focused on education and entertainment. Typically, the education > aspect is rock solid, so when that goes sour it's an indication of > something very seriously wrong. > > On Oct 16, 3:32 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > I am really sorry. > > > (((((Cincy))))) > > > These are really troubled times. We cannot but to get ready for > > anything that might happen and to be aware of everything, for quick > > reaction to any event. > > > Peace and best wishes. > > > Xi > > > On Oct 16, 9:19 pm, CincyBabe <[EMAIL PROTECTED]> wrote: > > > > Our business has fallen off a cliff. Sales are worse today than they > > > were in the couple of months after 9/11, and they were terrible then. > > > > On Oct 16, 9:30 am, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > My comment: I cannot judge yet, but please read the thread > > > > Deflationary recession or > > > > Hyperinflation?http://groups.google.com/group/world-thread/browse_thread/thread/cb4a... > > > > > Inflation in U.S. Wanes; Consumer Prices > > > > Unchangedhttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=akY6AvvvuDp0 > > > > > Oct. 16 (Bloomberg) -- The cost of living in the U.S. was unchanged in > > > > September, restrained by declines in fuel costs, automobile prices and > > > > airline fares that show the slowing economy is starting to cool > > > > inflation. > > > > > The Labor Department's consumer price index was unchanged after a 0.1 > > > > percent drop in August; economists had forecast an increase for last > > > > month. So-called core prices, which exclude food and energy, rose 0.1 > > > > percent, also less than forecast. > > > > > Today's figures show that for the first time in two years, prices > > > > didn't increase for two straight months. Waning inflation gives > > > > Federal Reserve Chairman Ben S. Bernanke scope to lower interest rates > > > > further as policy makers attempt to unfreeze credit markets. > > > > > ``It'll give the Fed a little bit of cover to cut rates when they meet > > > > next,'' on Oct. 28-29, John Ryding, chief economist at RDQ Economics > > > > in New York, said in an interview with Bloomberg Television. > > > > > Treasury securities, which had fallen earlier in the day on signs of > > > > easing pressures in money markets, remained lower after the consumer- > > > > price report. Yields on benchmark 10-year notes were 4.02 percent at > > > > 8:43 a.m. in New York, from 3.95 percent late yesterday. > > > > > Economist's Forecasts > > > > > Consumer prices were forecast to rise 0.1 percent, according to the > > > > median forecast of 75 economists in a Bloomberg News survey. Estimates > > > > ranged from a decline of 0.3 percent to a gain of 0.2 percent. Costs > > > > excluding food and energy were forecast to rise 0.2 percent, the > > > > survey showed. > > > > > Prices increased 4.9 percent in the 12 months to September after a > > > > year-over-year gain of 5.4 percent in August. The core rate increased > > > > 2.5 percent from September 2007, the same as the year-over-year > > > > increase in the prior month. > > > > > Separately, the Labor Department said initial jobless claims fell last > > > > week as job losses related to the Gulf Coast hurricanes subsided, > > > > while total benefit rolls rose to the highest level in five years. > > > > First-time applications declined by 16,000 to 461,000 in the week that > > > > ended Oct. 11. > > > > > Some companies are cutting prices to entice cash-strapped consumers > > > > who are limiting purchases to essential items such as food and fuel. > > > > > Record Decline > > > > > Energy expenses dropped 1.9 percent, led by the biggest decrease in > > > > the cost of natural gas on record. Gasoline prices fell 0.6 percent. > > > > > Oil prices have kept coming down this month. Crude oil futures on the > > > > New York Mercantile Exchange dipped below $75 a barrel yesterday after > > > > averaging $103.76 in September. > > > > > The consumer-price index is the last of three monthly price gauges > > > > from the Labor Department. The CPI is the government's broadest gauge > > > > of costs because it includes goods and services. > > > > > Prices paid to U.S. producers fell for a second month in September, > > > > the first back-to-back drop in two years, the government said > > > > yesterday. Import costs last month decreased by the most since April > > > > 2003, Labor figures showed last week. > > > > > Food prices, which account for about a fifth of the CPI, rose 0.6 > > > > percent for a second month. > > > > > New-vehicle prices dropped 0.7 percent, the most since August 2005, > > > > and air fares fell 1.7 percent, the biggest decline since November > > > > 2006. > > > > > Earnings Weaken > > > > > Today's figures also showed wages were unchanged last month, after > > > > adjusting for inflation, following an increase of 0.6 percent in > > > > August. They were down 2.5 percent over the 12 months to September. > > > > The decline in purchasing power is contributing to the slowdown in > > > > consumer spending. > > > > > The Commerce Department said yesterday retail sales dropped in > > > > September by the most in three years. > > > > > Mattel, the world's largest toymaker, said this month that most of its > > > > holiday toys will cost less than $20 to help lure shoppers who are > > > > cutting back on spending. > > > > > Wal-Mart Stores Inc. said this month it will cut prices ahead of the > > > > holiday season, offering 10 items for $10 each. > > > > > Hotel companies are struggling as consumers pull back on spending. > > > > Marriott International Inc., the biggest U.S. hotel chain, said in a > > > > statement that a measure of rates and occupancy will ``at best'' fall > > > > 3 percent in North America in 2009. > > > > > The effects of the deepening credit crisis on the economy will cause > > > > the unemployment rate to keep rising for another year, reaching 7.3 > > > > percent by the last three months of 2009, said Maury Harris, chief > > > > U.S. economist at UBS Securities LLC in New York. The rate was 6.1 > > > > percent last month, matching a five-year high. > > > > > ``This is something that is impossible to turn around right away,'' > > > > Harris said in an interview on Bloomberg Radio yesterday. > > > > > On Oct 8, 5:31 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > Finally the lack of trust (the wallet is smarter than the mind) led > > > > > the storm in the banking system in USA, wipping out many players, and > > > > > then to the rest of the world with more or less consequences depending > > > > > on the economic area. > > > > > > This, combined with the current economic war for global influence, has > > > > > created a chaos as collateral damage. We are into the same phase yet, > > > > > fall of purchasing power and fall of confidence. > > > > > > Fed Tries to Find What Works in Mess: John M. Berry > > > > > (Update1)http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anlb12f2CT7s > > > > > > On Sep 9, 9:15 pm, "Xi Ling" <[EMAIL PROTECTED]> wrote: > > > > > > > LOL.I laugh with you at your last comment. > > > > > > > (((((Mrs. R.))))) > > > > > > > Thank you very much for your message,.It is smart and clear. > > > > > > > I cannot disagree. In addition, obviously, you know your country > > > > > > and your > > > > > > people, while I do not. I just see their economic environment. > > > > > > > There is a rate that more or less describes the circumstances for > > > > > > the people > > > > > > that you mean. It is called "pain and misery index". I enclose it > > > > > > here. > > > > > > > As you can see, regarding this topic, the current situation in USA > > > > > > is close > > > > > > to those in 1935 (great depression) and 1915 (WW1) and, for > > > > > > example, far > > > > > > from the prosperity that US economy lived between 1945 and 1970. > > > > > > > That chart comes from > > > > > > >http://www.nowandfutures.com/key_stats.html > > > > > > > It takes official information and completes it. What they called > > > > > > without > > > > > > lies. LOL > > > > > > > Anyway, with or without lies, the current situation of those people > > > > > > is > > > > > > severe. Right now, almost as severe as the most severe situation > > > > > > that US > > > > > > economy has known in the last 100 years. And we cannot forecast > > > > > > anything > > > > > > that eases it. On the contrary, it is worsening month after month. > > > > > > And more > > > > > > and more people are entering into that group. I cannot do much for > > > > > > many, but > > > > > > maybe I can do something for some to prevent them to fall into that > > > > > > category. > > > > > > > Related that group of people, you touch a topic that has a > > > > > > technical name, > > > > > > asymetric information, and that I care very much. Prof. Joseph > > > > > > Stiglitz (and > > > > > > others) won the Nobel prize by challenging the "perfect market" > > > > > > with his > > > > > > models about those asymetries. Not everybody has the same > > > > > > information when > > > > > > they face economic decisions, That corrupts markets and moves > > > > > > economies > > > > > > toward wrong situations where everybody (even those with accurate > > > > > > information and smart decission logic) suffer the consequences. > > > > > > According to > > > > > > those models, Adam Smith, Milton Friedman among many others were > > > > > > wrong, the > > > > > > "perfect market" does not exist and the mundane markets (the real > > > > > > marets > > > > > > where rel human beings make real economic transactions) do not tend > > > > > > to > > > > > > balance as text books told and tell yet in some countries. > > > > > > > The fall of trust on US treasuries that I posted in this thread is > > > > > > serious, > > > > > > extremely serious. It is an early sign, it could be fixed. Let us > > > > > > see if > > > > > > somebody does it. Trust is difficult to gain, more when it is > > > > > > related to > > > > > > money. > > > > > > > Again, thank you very much for your message. > > > > > > > Peace and best wishes. > > > > > > > Xi > > > > > > > US_pain_misery_index.png > > > > > > 17KViewDownload --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
