US financial jitters.

Because of the USA economy scares, mortgage interest rates have gone up this week in OZ by a 1/4 of a percent which now puts more pressure on disposable income for things like window tinting luxuries.
Since 2004 we have had 5 rate hikes.

Already out private market has been swallowed up and nothing like the times of yester year.
Shopowners had better not put all their eggs in that sector of the market as you will starve so it would be a wise tint prophet to look into other fields.
Devil

I NEVER rely on one thing.... EVER......

The have tints ...and the have no tints......

no matter what happens with the economy, people love 2 things more than anything else......their cars and their homes. i'm not too worried.

I just sold my place last month, so I'm glad they didn't go up before now, but I'm about to commit to build my own place on a block of land I have, so it worries me a bit.

Indeeed. As long as there are still people how there with more money than they know what to do with, I will be just fine. The struggling economy has not effected my business as a whole, however, I am losing more small jobs to shady competitors. I'm still getting the big ones though, and these are the millionaires with 2-3 or more homes

I have seen gas at nearly 4 bucks a gallon and folks still wanna buy gigantic trucks and or modify a current vehicle... nothing stops the american consumer.

Hey Devil,

Couldn't agree more - same in UK. Don't think we have even started to see how bad its gonna get. This debt bubble has been inflating since 9/11 and when it pops u better have a good supply of canned food.

When I bought my first house back in the late 1980's, home-loan interest rates were 18 per cent. Still a long ways to go till those days are back, Devil.

I've noticed that business is off this year in my area

Sure Rocky but look at last week's stock market dumping.
Thank goodness we are coming into our high season and not the other way around.
Bad karma out there.
Devil

Have u seen whats happened today Friday 17th Aug?

http://business.timesonline.co.uk/tol/busi...icle2276239.ece

The Fed knows their is some serious coming - I don't think they can stop it. Short term it might be good for house prices as your average joe leaves the stock market looking for somewhere safe for his $ £. This is gonna be global pain. They say its down to largely US subprime - they rekon $150 Billion dollars could be going up in smoke. This is gonna bankcrupt some banks - there's apparently a run on Countrywide in the USA.

Whats more concerning is the derivatives market $415 Trillion dollars of debt (essential borrowed money used to bet on everthing from stocks to currency and interest rates) - the market is suddenly realising this stuff is worthless.

All means very little to me - except it will affect me but there is nothing i can do except watch the fireworks. And tock up on canned food

So is Monday going to be the big day for USA - and shortly afterwards for the rest of us.

http://www.europac.net/Schiff-FBN-3-14-08_lg.asp

How do u protect yourself

yeah but back then houses were 50K now they are 300K . I hate to see what it will be in 10 yrs . Each additional point is probably $100 extra each month .

In 10 years that house will probably be worth 120k.

News breaking over here about Fannie and Freddie - how do you guys in the US think this will affect you.

BBC say if the US government bail them out it will cost every single person $25,000. This is an interesting article http://www.marketwatch.com/news/story/chin...D&dist=hppr

Hey devil if UR reading this how does it feel to be so far ahead of the curve - problem is there is a financial tsunami heading our way.

I wanna be paid in any currency other than the almighty DOLLAH...

The dollars low makes our goods and real estate VERRRY attractive to foriegn buyers....


I SAY DRILL FOR OIL EVERYWHERE ,,,,,My car only runs on beer farts for soooo long

i know the economy is bad but what stops people from spending is not so much they dont have the cash is all the crap they read in the papers. Last week was terrible for me with the oil price news and stock market BS . Nothing s going to be done till after the elections so it will be a long year

All good tips but i like to keep everything to a min. so ifthe world would go into world war 3 i have enough to get through it!!

Fannie May and Freddie Mac have been bailed out

http://business.timesonline.co.uk/tol/busi...icle4692573.ece

How do you guys in the US see this good? At least homeowners may have some security or bad money to cover it will come out of increased taxes?

Interesting topic. I had been doing some personal research into why the great depression happened. There are about 12 all around Ideas that do not contradict each other (though the theorists say they do) but because every country is different you will always get different veiws.

"Are we in a recession or a depression?" I hear people say its just a recession, but a recession does not usually affect most of world.

The soviet Union/russia was not affected during the great depression because of economic isolation.

All attemps of bailouts at that time did not work, and many belive it only made things worse. This is because capital was taken from things that did work and was countering the failing economies, and was given to things that were failing that were the initial cause of the failing economy. I say things, because it wasn't just companies, it was people, policys, ect.

So we bailed out banks.....didn't stop foreclosers.....didn't stop banks from failing....didn't get more financing for those that needed it.

now we are going to bail out the auto industry.....What is it really going to do? nothing as long as status quo stays the same. If the corporate owners were asked to give a personal garantee of payback, would they? I really do not think so and if they wont give a personaly garantee why should we pay for something they do not truely belive would work?

Not to sound bleek but maybe we should VOTE OUT those that vote BAIL OUT.

If you think that these bail outs are good, please pm me and I will give you an address to send some of your money. I know of many business's that need bail out money. If you do not send money then you really aren't commited to the bail out idea, if you are broke and cannot send use your credit line, thats what the government is doing.

So what can be done?..... Hmmm? end trade deficits? that would solve the problem, might take a while but it would only cost ink on paper but would be more effective then any of these dumb Ideas from WALL STREET, WASHINGTON, FINANCIAL CO's, and THE BIG 3

What else? we need money now! .......HMMmmm?....End all foreign aid (regardless of what country your in or where your money goes) That would free up some real cash the government can lend out to its patriots.

I cannot think of anything else that really would be needed to turn this economy around. Any of these band aid, kwik ficks aren't gonna work. Just listen to what a guy said from wall street. He stated that the US should allow GM to start making economy cars in korea insted of the US so they can make a profit off them, and allow them to just make the gas guzzling cars here with out the overall fuel efficient/MPG requirements that car makers Currently have.???????????? HOW DOES THAT STOP PEOPLE AT GM FROM LOSING THERE JOBS? thats what any bailout is about right or is it just the company and its stockholders?

Sorry if this is ranting but I am really distubed by this all.

Pertaining to window film/tint, I think we will continue to see a decline in consumption (at least in the US) for at least a while after the economy turns around.
I think you will see alot of dumping of film inventories (from dealer, distributor, private label rebox brands and foriegn Manufacturers) that will open our markets to high competition after the economy recovers hurting the better US made film manufacturers.


DID I miss anything?