So The Economy Sucks |
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So The Economy Sucks |
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Dec 3 2008, 05:39 PM
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If you're on the bottom you're completely disposable...
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Dec 3 2008, 05:45 PM |
I'd say it's the complete opposite. I would say it really depends on the specific type of business, but in general I would much rather like to work in relatively small businesses instead of those large companies. Years ago, it was definitely the case that you had employment security when you were working in those big multinational firms. However, regardless of the current credit crisis, this absolutely changed over the last years. Basically, the economy is currently in general more and more driven by 'niche-like' specialised companies instead of mega-mega companies. As an example, I am working in a small firm (being a shareholder) of about 30 ppl in the pharmaceutical industry, and luckily we are not that largely affected as many other types of business at the moment (and the impact on the pharma industry will be less anyways, due to the different way many companies are financed etc.). However, if you look at the biggest pharmaceutical companies in the world, they are currently dramatically suffering, resulting in massive unemployment rather soonish. Of course financing a small company may certainly a potential bigger problem than comparing it with large companies, however remember that smaller companies definitely are more flexible in adapting their strategy, short-term targets etc than the bigger ones. The overhead costs for those big companies are extremely high (which you can't get rid of in a couple of months) in times of problems. Anyways, sorry for this business-wise talking, can't just help it as I am in the middle of it all day -------------------- "Don't practice until you get it right. Practice until you can't get it wrong." Guitars & Amps Brian Moore DC-1 Custom Shop (Cherry Sunburst, mahogany/rosewood) Eric Johnson Signature Strat (2-tone Sunburst, alder/maple) Ibanez RG770 (Black, basswood/rosewood) Peerless Journeyman (solid spruce/maple) Sixt Bov-105C (Ovation-like acoustic) - Ibanez SGT-130 (Jumbo acoustic) London City VS-1 (Precision bass) - Baton Rouge U3S (Ukelele) Fender HotRod Deluxe 40W combo - Fender Princeton Reverb Reissue 5W combo - Marshall JCM 900 50W Hi-Gain combo Effects & Other stuff POD Studio UX2 audio interface - Edirol MA-15D monitors EH Double Muff - Fulltone GT-500 - Fulltone Fulldrive 2 Mosfet - Guitarsystems TrebleTool Junior - Guitarsystems FuzzTool Junior Korg Pitchblack Tuner - MXR Carbon Copy Analog Delay - TC Electronics Nova Modulator - Morley Bad Horsie 2 Wah Shure SM58 - Roland PCR-500 midi controller/keyboard & Yamaha Clavinova CL-910 piano My Website My MySpace Page My YouTube Channel My Twitter Account My Band 'Gonzo!' |
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Dec 5 2008, 01:34 PM |
Well, mortgage rates are down, and I am about to refinance - looks like I stand to save perhaps $500 a month, with a break even time of 2-3 months on the fees, so its not all bad, even in the USA. Oh, and Gas is down from $4.50 a gallon to $1.77, and experts are predicting it will drop to $1 by the beginning of the year.
So, look on the bright side! -------------------- Check out my Instructor profile
Live long and prosper ... My Stuff: Electric Guitars : Ibanez Jem7v, Line6 Variax 700, Fender Plus Strat with 57/62 Pickups, Line6 Variax 705 Bass Acoustic Guitars : Taylor 816ce, Martin D-15, Line6 Variax Acoustic 300 Nylon Effects : Line6 Helix, Keeley Modded Boss DS1, Keeley Modded Boss BD2, Keeley 4 knob compressor, Keeley OxBlood Amps : Epiphone Valve Jnr & Head, Cockburn A.C.1, Cockburn A.C.2, Blackstar Club 50 Head & 4x12 Cab |
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Dec 5 2008, 01:49 PM
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Yeah, I must say living in the USA - My credit card bill has be halved because of the severe drop in gas prices...
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Dec 5 2008, 02:44 PM |
I'm not doing so bad currently fingers crossed. I have no savings though so if things do go bad I'm a bit screwed. You shouldn't buy al those expensive guitars |
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Dec 5 2008, 11:03 PM |
You shouldn't buy al those expensive guitars Somehow, I think a good guitar will always be worth soemthing, but you can never be sure about money. |
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Dec 5 2008, 11:35 PM |
Somehow, I think a good guitar will always be worth soemthing, but you can never be sure about money. Food: $20. Gas: $2. The feeling you get when you sit down with your guitar: Priceless! I doubt we'll see much of the economy problems here in Norway, since mortage is going down together with most other prices... Of course, bad luck regarding blewn tires, health problems for my parents which cost a good amount of money and christmas coming up... I can't say I'm rich at the moment Not much compared to the other ones in here who have bills to pay and might loose their houses, though.. Best of luck to you! -------------------- GMC is not just a website... It's a lifestyle!
https://www.youtube.com/CanisArctus ->Click here for the ultimate practicing tip!<- |
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Dec 6 2008, 01:08 AM |
The economy is brutal right now and I am afraid it is only going to get much much worse!! I don't think any industry or job is safe. The bankers of the world have destroyed everything. We're learning new lessons all the time. Crash after crash, if it isn't the stock market now it's cheap house loans. They got one thing in common though, when greed blows sense away one had better watch out and be carful. A bubble will always burst. -------------------- My bands homepage
All time favourites: B. Streisand - Woman in Love, M. Hopkin - Those were the days, L. Richie - Hello |
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