Vacuum Cleaners Discussions

Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever.  This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone.  Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed.  Not sure what impact the London market fall will have on the US markets--have to wait to see.

What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue?

Any news yet on the 2007 dyson sales? 

Carmine D.

HARDSELL wrote:

Kmart won't, my friend.  Not in 2008 and more than likely not in 2009.  Why?  Kmart and SEARS are the same now.   You don't recall but the August 2005 thread [I mentioned on another thread on this Forum] between CPro and I included SEARS and KMART which had just merged.  SEARS didn't offer any full year forecasts.  But it's presumed to be worse than previously expected as a result of worsening conditions.

The word on the street is to look for SEARS to have a yard sale soon.

Chairman Edward S. Lampert, a hedge fund manager, will [it is believed] be forced to sell off the underperforming SEARS and Kmart stores.  Why?  SEARS needs the cash from the sales of the land and stores.  SEARS/Kmart has 3400 stores in the US and 380 in Canada.  Lampert will also approve other retailers selling it's highly regarded brand name products like Kenmore, Craftsman, Land's End and Diehard.

Analysts claim SEARS efforts to date to revive sales have failed miserably.  Hence, the yard [read asset] sales.  You can identify with asset sales.  You sold off your DC07, the best vacuum you claimed you ever had, and kept all the others that you liked less.  When you need money, you have to do that: Sell off your assets.   Desperate times call for desperate actions.

BTW,  my friends and colleagues at SEARS gave me the inside information when I visited them several weeks ago.  Last week's earnings report confirmed they were right.  Excellent hearsay, I'd say. 

Carmine D.

I did not have to sell the Dyson.  I wanted to sell it.

HARDSELL wrote:

We know now that you sold it.  You told us at least 4 times.  The question is:  Did you buy the DC07?  Or...was it a gift to you? 

Carmine D.

I responded to your insinuation that I sold the Dyson out of desperation.  You never mentioned gifts.

You can't convince me that you did not take too many punches to the head although you never got out of the recreational league.

HARDSELL wrote:

My dear friend:

We alreay know you can't originate your own vacuum reviews [you said you are not a good writer and reviewer] but can only criticize others who do. 

Now it seems you can't answer a simple question.  Did you buy the DC07?  Or was it a gift?  May I assist you as I normally do.  Here's what you do to answer.  You think back when the DC07 first came into your use and possession.  Did you go to a big box retailer to buy it?  That's when a store gives you something and in return you give them money.  Or did someone give it to you?  That's when you get it, but don't give money for in in return.  Hope that clarifies.

Carmine D.

CarmineD wrote:

I could originate a review if  chose to, however it would be useless.  I do not criticize others who are honest.  You are a legend in your owm mind (and only yours).

I can answer a simple question when it is asked.  I already told you what I responded to.  It was not a question.

Not sure what difference it makes but I paid cash for the Dyson and all other vacuums that I have owned.

HARDSELL wrote:

What other vacuums have you owned?  Where did you buy your vacuums, including the dyson?  

Carmine D.

Within the next 2 weeks Ben Bernanke and the Fed policy makers will announce another fed funds interest rate cut.  Probably 1/2 percent.

Since September 2007, the Fed funds rate has been cut from 51/4 percent to 3.  Not counting the next rate cut.

Also in recent months, 19 big box retailers have discontinued reporting monthly retail sales data.  This metric goes back to the early 1970's when big box retailers started reporting the monthly sales data to give investors confidence in the retailers' financial strength.  Why?  To attract investors.  Over 90 retailers reported monthly sales data for years.  It's now down to half that number and more retailers, like Macy's yesterday, are joining the non-reporters.  An indication that things in the retail sector are about to get alot worse in the months ahead.

Carmine D.

Ben Bernanke, the Fed Chief quoted Leo Tolstoy before a Senate Hearing on the economy AND Warren Buffett says we are in a recession all in the same week.  Got my attention.  The number one wealthiest man in the world according to Forbes says the US is in a recession.  I believe him.  

February Jobs data was released yesterday.  For the second straight month in a row, jobs were lost in the US economy in February.  A sure sign of a recession.  As if this President needed one more sign to convince him. 

When economists and analysts look back on this year, the infamous Fed rate cut decision on the Martin Luther King Jr. Holiday, and the events that started my thread, will become the official start of the US recession of 2008.  With the consequences felt globally.

Carmine D.

It's coming on two years that I heard an interview quote from Buffet saying he was dumping US Dollars and buying into Euros. So much for patriotism when you can make a buck Internationally. With the Global Economy, trickle down economics hasn't and never will work. People who believe in Free Market Trade without an equal trading field should be ashamed of themselves and this is just as big a part of the economic problems in this country as is the mortgage crisis and borrowing money for the war! If we are trying to trade with subsidized and socialist trading "partners" we too need (despite our heritage) to have some sort of socialist assistance. Every "ism" in it's purist form is destined to fail it's constituents . Including Capitalism. We need to hybrid our system, take care of our own until we become stronger economically. JMHO