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The Consumerism Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: The last bullet for the dying consumer

Postby Armageddon » Sat 06 Dec 2008, 12:51:54

$this->bbcode_second_pass_quote('bratticus', '')$this->bbcode_second_pass_quote('Armageddon', 'W')hat's next ?
The oldest profession?


$this->bbcode_second_pass_quote('CNN Money', 'I')n tough times many dip into retirement savings
What world were you saving for anyway?



They were saving for their retirement house in the Del Bocco Vista Florida retirement community so they can play shuffleboard in 85 degree weather in the middle of the Winter. lol
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Re: The last bullet for the dying consumer

Postby cube » Sat 06 Dec 2008, 20:32:18

$this->bbcode_second_pass_quote('mos6507', '.')...
If this is peak oil, let's have more of it.

http://www.gasbuddy.com/
You know what's funny?
Back when gas was flirting with $4 a gallon in the US, society wanted nothing more then gas prices to come down.
Well guess what? People got their wish!

There are two tragedies in life:
1) NOT getting what you want
and
2) Getting what you want
:twisted:
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Re: The last bullet for the dying consumer

Postby CarlosFerreira » Sun 07 Dec 2008, 21:11:28

$this->bbcode_second_pass_quote('vtsnowedin', ':')cry: Whats next?? The big banks continuing to be as responsible and wise as they have been to date, cut back credit lines on consumer credit cards to all but those with gold plated credit at the same time they raise rates on the balance already owed. This converts the US over night to a Cash as you go basis and consumers respond by cutting back family spending by twenty five percent or more virtually halting all dicretionary spending thus contracting the economy by twelve percent.


Those are some numbers. What does 12% GDP shrinkage means to the employment market? Anybody's guess...
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Re: The last bullet for the dying consumer

Postby vtsnowedin » Sun 07 Dec 2008, 21:36:53

$this->bbcode_second_pass_quote('CarlosFerreira', '')$this->bbcode_second_pass_quote('vtsnowedin', ':')cry: Whats next?? .


Those are some numbers. What does 12% GDP shrinkage means to the employment market? Anybody's guess...


As a starting point I would go back to whenever it was that the GDP was 12% less than it is now and compare employment figures then to now. But recent gains in GDP have come from increased efficency not expanded employment so that comparison would not be valid. A contracting economy will shed its least productive employees first as a rule and that might mean that 15 to 20% of employees will get the axe before a 12% reduction in GDP is realized. There must be some economist here who has a better handle on this but they may be distracted these days.
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Re: The last bullet for the dying consumer

Postby emeraldg40 » Mon 08 Dec 2008, 02:59:31

$this->bbcode_second_pass_quote('seldom_seen', '')$this->bbcode_second_pass_quote('', 'A')ccessing their retirement funds "should be at the bottom of the list," said Craig Averill, personal retirement solutions executive at Bank of America."They need to be cognizant of what this decision means."

You need to be cognizant of what my middle finger means. "Personal retirement solutions executive," AKA "soon to be unemployed."

One segment of the population this article doesn't cover is the people who have watched their 401k swan dive off a cliff and decided to pull the rip cord and get whatever is left out.

If I had one of these so called "retirement accounts" which is a euphemism for "we have your money, we've lost most of it, and we're going to charge you all sorts of fees if you want what's left." I would have pulled the rip cord a long time ago.

</end rant>



You need to be cognizant of what my middle finger means.

Thanks for the laugh :)
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Cyclists ride through shopping mall as consumers look on!

Postby sirrom » Sun 14 Dec 2008, 08:17:19

Critical mass cyclists decided to cut through a shopping mall on their monthly bike ride: YouTube

Converted [url] to hyperlink.-FL
what did YOU do in the eco-war?

http://www.youtube.com/watch?v=ayz1SK4KbX4
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Re: Cyclists ride through shopping mall as consumers look on

Postby uNkNowN ElEmEnt » Sun 14 Dec 2008, 08:23:33

Wow that's a huge freaking mall! I dont' think I've ever seen that many stores liked up in a strip mall arrangement like that before.
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Re: Cyclists ride through shopping mall as consumers look on

Postby dinopello » Sun 14 Dec 2008, 08:40:03

$this->bbcode_second_pass_quote('uNkNowN ElEmEnt', 'W')ow that's a huge freaking mall! I dont' think I've ever seen that many stores liked up in a strip mall arrangement like that before.


It's the Mall/Strip/Power Center/Faux Town hybrid. Looks similar to Easton Town Center in Columbus.
Although Easton is supposedly adding more office and residences to enhance the faux-town aspect, last time I was there is was just about all retail. An orgy of consumerism.
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Re: Cyclists ride through shopping mall as consumers look on

Postby uNkNowN ElEmEnt » Sun 14 Dec 2008, 08:50:50

WOW! Well that answers a few questions. It would be really hard to walk through there and not pull out a Visa card! The cheesecake store would be my first stop....pretty horse too, carriage ride anyone?
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Re: Cyclists ride through shopping mall as consumers look on

Postby Sixstrings » Sun 14 Dec 2008, 13:43:00

$this->bbcode_second_pass_quote('', 'I')t's the Mall/Strip/Power Center/Faux Town hybrid. Looks similar to Easton Town Center in Columbus.


Well ain't that nice. It's like a pretend Main Street -- but the poor can't sleep on the streets. ;)
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Re: Cyclists ride through shopping mall as consumers look on

Postby Ayoob » Sun 14 Dec 2008, 13:52:50

Wow, that's fucking AMAZING! It's going to change everything! Everybody at Critical Mass is a hero!
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Re: Cyclists ride through shopping mall as consumers look on

Postby Rogozhin » Sun 14 Dec 2008, 21:03:05

That was silly.
"Those who long for exaltation look upwards, but I look downward for I am the exalted."

Thus Spake Zarathustra
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Re: Cyclists ride through shopping mall as consumers look on

Postby dinopello » Sun 14 Dec 2008, 21:39:08

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('', 'I')t's the Mall/Strip/Power Center/Faux Town hybrid. Looks similar to Easton Town Center in Columbus.


Well ain't that nice. It's like a pretend Main Street -- but the poor can't sleep on the streets. ;)


That's correct, the mall cops take no prisoners. And there is probably no public phones - it's getting hard to find those anywhere - a pet peeve of mine, having no cell phone. Several months ago I was visiting my folks and went to a similar faux town - "City" Center at Oyster Point in Newport News, Virginia and I sort of had to make a call but mainly I just went on a quest to ask as many of the shop workers where a pay phone was. They were all really friendly, but clueless. Some thought they knew of where one was and pointed me that way. Eventually I ended up at the leasing office and was told there was none.

Newbury Street in Boston is also an orgy of consumerism, but I kind of like it

Image

as is Old Town Alexandria up here, and I like it there too

Image
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Re: Cyclists ride through shopping mall as consumers look on

Postby yeahbut » Mon 15 Dec 2008, 01:22:44

$this->bbcode_second_pass_quote('sirrom', 'C')ritical mass cyclists decided to cut through a shopping mall on their monthly bike ride: YouTube

Lightweights. In '95 in Brixton we set up a massive soundsystem in the middle of the high street and had a party...hundreds of people and a fine old time(unless you were in a hurry to get somewhere of course)...achieved exactly as much as these guys but we had a really good time :) :) :) those were the days
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Re: Cyclists ride through shopping mall as consumers look on

Postby dorlomin » Mon 15 Dec 2008, 08:03:42

$this->bbcode_second_pass_quote('yeahbut', '')$this->bbcode_second_pass_quote('sirrom', 'C')ritical mass cyclists decided to cut through a shopping mall on their monthly bike ride: YouTube
Lightweights. In '95 in Brixton we set up a massive soundsystem in the middle of the high street and had a party...hundreds of people and a fine old time(unless you were in a hurry to get somewhere of course)...achieved exactly as much as these guys but we had a really good time :) :) :) those were the days

Reclaim the streets? Alot of them have gone on to be the nucleus of camp climate change. They get a very very high profile these days. And Critical Mass in the UK just won a very important high court ruling that they are a 'procession' not a 'demonstration' and as such they do not need to file a rout with the police before hand. Given this goddam countries bloody draconian protesting laws, its a relief to see a small chink in the armor.

On a side note: police injuries during the Kings North demo: none.
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Consumers are "in the tank forever, in a death spiral"

Postby Sixstrings » Thu 27 Aug 2009, 21:25:15

$this->bbcode_second_pass_quote('', 'R')etail maven Howard Davidowitz paid another visit to Tech Ticker this week. And despite signs of improvement in consumer confidence and retail stocks rising, Davidowitz is steadfast in his belief the consumer is dead. Rather than summarize, let me just highlight some of his best one-liners:
On retail:
"The retail business is terrible... It's almost all negative."
"We're going to close hundreds of thousands of stores."
On the consumer:
"They’re still over leveraged, they're losing jobs, their credit has been cut back."
On America:
"We are in the tank forever. As a country we are out of control, we're in a death spiral."
On the stock market:
"We're in terrible shape. That's what the fundamentals tell me. I can't explain the stock market."

But it's not all gloom and doom, believe it or not. Davidowitz, who runs a retail consulting firm Davidowitz and Associates, thinks certain discount retailers, grocers, drug store chains and a select few department stores can survive and prosper in the future. Most notably he likes the "extreme discounters" like Family Dollar, Dollar Tree (which was up almost 5% Tuesday after the company raised its outlook) and 99 Cents Only Stores. And, in the department store sector, he says, Kohl's will "be the only winner" because of their cost controls.

Yahoo finanace

There's a video interview in the article link, pretty good stuff. This guy knows what he's talking about, and he's talking about the fundamentals that nobody else seems to want to discuss.
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Re: Consumers are "in the tank forever, in a death spiral"

Postby Daniel_Plainview » Thu 27 Aug 2009, 22:03:33

The shining star of American retail:

Image
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Re: Consumers are "in the tank forever, in a death spiral"

Postby Plantagenet » Thu 27 Aug 2009, 22:47:50

What happened to the green shoots?
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Re: Consumers are "in the tank forever, in a death spiral"

Postby BigTex » Thu 27 Aug 2009, 22:50:20

Watch all three of his clips on Yahoo Finance.

Those three clips summarize in about 12 minutes what it takes me about three hours to explain to someone (and that dude is WAY more entertaining).
:)
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Re: Consumers are "in the tank forever, in a death spiral"

Postby Dvanharn » Fri 28 Aug 2009, 01:41:58

With Chase and others raising credit card interest rates from under 8% to 19.9% for people with perfect payment records, Wall Street may be committing suicide.
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