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> So The Economy Sucks
Darfuria
post Dec 3 2008, 05:15 PM
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One of the benefits of working for a massive company I suppose. If you start at the bottom, you amount to practically nothing, but you can mostly guarantee employment security.


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Duncan
post Dec 3 2008, 05:22 PM
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QUOTE (Darfuria @ Dec 3 2008, 04:15 PM) *
One of the benefits of working for a massive company I suppose. If you start at the bottom, you amount to practically nothing, but you can mostly guarantee employment security.


I'd say it's the complete opposite.
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fatb0t
post Dec 3 2008, 05:39 PM
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If you're on the bottom you're completely disposable...
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Velvet Roger
post Dec 3 2008, 05:45 PM
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QUOTE (Duncan @ Dec 3 2008, 05:22 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 tongue.gif


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Nemanja Filipovi...
post Dec 4 2008, 10:10 AM
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Yep,economy sucks at the moment.They say they are going 'freez paychecks"here.Meaning,prices will go up,but our national value will be weaker in relation to Euro.


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fatb0t
post Dec 4 2008, 02:07 PM
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Well I think I figured out a solution for our economic troubles. We will form on a pacific island The GMC Republic, form our own currency of picks of varying density, and all work in guitar shops. hahahah
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Andrew Cockburn
post Dec 5 2008, 01:34 PM
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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!


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fatb0t
post 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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kaznie_NL
post Dec 5 2008, 02:44 PM
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QUOTE (OrganisedConfusion @ Dec 2 2008, 10:13 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 laugh.gif


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Fsgdjv
post Dec 5 2008, 11:03 PM
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QUOTE (kaznie_NL @ Dec 5 2008, 02:44 PM) *
You shouldn't buy al those expensive guitars laugh.gif

Somehow, I think a good guitar will always be worth soemthing, but you can never be sure about money.


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rockztar
post Dec 5 2008, 11:04 PM
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that really suck, we are lucking denmark there isn´t so much economi crisis


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Canis
post Dec 5 2008, 11:35 PM
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QUOTE (Fsgdjv @ Dec 5 2008, 11:03 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 tongue.gif

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!


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inertia
post Dec 6 2008, 12:31 AM
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QUOTE (Gilmore @ Dec 3 2008, 07:21 AM) *
I live in Iceland, and fortunatly I don´t have any money in the bank, but I have a loan that is skyrocketing every day. The company I work for had to lay off 40 people last week and lower some salerys about 10%. Thousands are loosing their jobs these days. The worst think is that nobody takes resposibility, all the largest banks in the country went bankrupt in the same week. It´s very depressing living here now, and I´ve given up on it, and thinking of moving somewhere else, and 1/3 of the country is thinking the same. We the puplic are paying for the "mistakes" of corrupted and greedy bankmanagers, investers and polititians. Thousands are facing loosing their homes, hard working people trying to build up their life over ther years has lost everything and can´t do anything about it. It´s very sad, and it´s getting worse every day. I´m thankful to still have my job I´ve had for the last 11 years, and I´ve had decent salery, but now it wont buy me much. Yesterday I went to musicstore to look at mbox2Pro, usually it costs about 600-700$ but now the price has jumped up to 1000$ and next week it might get even higher the salesperson says. The currency is of course ruined here, and it´s out of the question to buy anything from the internet, you would have to pay 3 times more for everything, because of the weak or ruined currency we have here. sad.gif sad.gif sad.gif People are usually peaceful here but now protests and even riots are happening almost every day. People are angry, very very angry. mad.gif

It´s good to have the guitar and the music in all this horror. mellow.gif

What has happened with your country IS sad, you guys actually had a pretty decent economy, it sucks that a few greedy suits have that much power and the rest of the public has to pay for it...
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FrankW
post Dec 6 2008, 12:37 AM
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QUOTE (Andrew Cockburn @ 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!


That's all true, but none of that matters if I'm not working as a result of the bad economy. I couldn't buy a house with 0% financing if I'm broke and out of work...which I am. The cost of things isn't so much the problem as is the inability to afford them at all...glad about your refinance situation, though.

This post has been edited by FrankW: Dec 6 2008, 04:26 AM
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lcsdds
post Dec 6 2008, 12:41 AM
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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. mad.gif mad.gif
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MickeM
post Dec 6 2008, 01:08 AM
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QUOTE (lcsdds @ Dec 6 2008, 12:41 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. mad.gif mad.gif

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.


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JCJXXL
post Dec 6 2008, 03:29 AM
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Sorry to hear of everyone's misfortunes. It's tough. I know several people in similar situations. I feel very lucky and blessed. I live in the USA and live in one of the states least affected by the current problems with our economy. Our gas as of today is $1.47. The lowest I've seen so far is $1.43 a few weeks ago. I'm self employed (with a handful of employees) and lucky for us our business is one that other businesses need in order to stay in business. That's alot of use of the word "business" eh? LOL. Anyway, I wish each and everyone of you well. Things will get better. They usually do. It's really just a question of how long we are forced to hang in there and if some of us can hang in that long.
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bladzerok
post Dec 6 2008, 04:27 AM
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QUOTE (fatb0t @ Dec 4 2008, 08:07 AM) *
Well I think I figured out a solution for our economic troubles. We will form on a pacific island The GMC Republic, form our own currency of picks of varying density, and all work in guitar shops. hahahah


it would be pretty awesome.
i would never have any problems running out of pick and/or spare change, since both would be the same laugh.gif


but seriously, i am really sorry to hear that so many people are having those kind of problems.its pretty frustrating mad.gif

This post has been edited by bladzerok: Dec 6 2008, 04:30 AM


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kahall
post Dec 6 2008, 06:09 AM
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QUOTE (Andrew Cockburn @ Dec 5 2008, 06:34 AM) *
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!


Way to go Andrew. I refuse to participate in the media driven recession as well. Sure, I lost some money but I will get it back. It's easy to earn money here. BTW, Gas here is $1.55 per gal and it was at $1.49 for a few days last week.


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tommyboy
post Dec 6 2008, 03:48 PM
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Now, if this isn't a depressing thread. I own a small custom home building business. The housing market here in the US is just horrible right now. The banks just aren't loaning people money right now.

I'm hoping I can make it with remodel jobs etc. to stay afloat but the phone has just stopped ringing. That's the bad thing. When the phones not ringing that means people aren't spending money on housing. Hopefully, things will right themselves soon!

Good luck to all,
tommyboy


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