Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Big Hit on the US/World Markets
Original Message Jan 21, 2008 2:11 pm |
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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.
This message was modified Jun 27, 2008 by CarmineD
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HARDSELL
Joined: Aug 22, 2007
Points: 1293
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Re: Big Hit on the London Markets
Reply #40 Mar 4, 2008 5:54 pm |
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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. 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.
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #41 Mar 4, 2008 6:54 pm |
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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. What other vacuums have you owned? Where did you buy your vacuums, including the dyson?
Carmine D.
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #42 Mar 7, 2008 7:28 pm |
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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.
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #43 Mar 8, 2008 7:17 am |
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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.
This message was modified Mar 8, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #46 Mar 8, 2008 4:16 pm |
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So much for patriotism when you can make a buck Internationally. JMHO
When jaydee collected the $6.4 MILLION from HOOVER in 2000 he went to Malaysia to mass produce dysons for world markets. Skipped right over the UK. His country of origin. Brits still upset about that maneuver.
Why did he go abroad? Cheaper labor costs. At the time 30 percent less than the UK. It was probably more. Kept the dyson prices the same and even went up higher. Slave labor without the guilt. Carmine D.
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #47 Mar 15, 2008 8:00 am |
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Mark your calendars. March 14 [not the Ides of March as Shakespeare said in Julius Ceasar]. Why? The US government bailed out Bears Stearns, an icon financial institution with 80 years of revenues and profits. It's CEO said it had a liquidity problem [read it couldn't make payroll and its financial obligations to its clients and customers]. The US taxpayers in their kindheartedness gave BS an interest free loan. Why? Because BS is too large to fail [read the domino effect would bring down many others]. There will be more to come to drink from the trough of the US taxpayers in the months and years to come. Stock price of BS dropped 50 percent yesterday. It's down 75 percent for the year. Carmine D.
This message was modified Mar 15, 2008 by CarmineD
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Venson
Joined: Jul 23, 2007
Points: 1900
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Re: Big Hit on the London Markets
Reply #48 Mar 15, 2008 11:52 am |
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Mark your calendars. March 14 [not the Ides of March as Shakespeare said in Julius Ceasar]. Why? The US government bailed out Bears Stearns, an icon financial institution with 80 years of revenues and profits. It's CEO said it had a liquidity problem [read it couldn't make payroll and its financial obligations to its clients and customers]. The US taxpayers in their kindheartedness gave BS an interest free loan. Why? Because BS is too large to fail [read the domino effect would bring down many others]. There will be more to come to drink from the trough of the US taxpayers in the months and years to come. Stock price of BS dropped 50 percent yesterday. It's down 75 percent for the year. Carmine D. Hi Carmine,
Thanks for the report. It of course make me mad as all get out. Money is found Bear Sterns but there is no loweiring of interest rates to aid the everyday man in escaping forclosure. Well -- it's a mean world to live in but we've got to stay here 'til we die . . . Venson
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #49 Mar 16, 2008 2:31 pm |
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Hi Carmine, Thanks for the report. It of course make me mad as all get out. Money is found Bear Sterns but there is no loweiring of interest rates to aid the everyday man in escaping forclosure. Well -- it's a mean world to live in but we've got to stay here 'til we die . . . Venson
Hello Venson:
Ironically, the Fed has cut the Fed Funds rate since September 2007 from 5 to 3 percent. And very likely to cut again this week anywhere from 25 to 75 basis points. Despite these efforts, the 30 year mortgage rates have actually gone up over this time rather than down. No doubt the effects of recession [sluggish economy] and inflation [record breaking commodity prices] vying concurrently on the market conditions. George W. like his Father doesn't have a clue of the economy's severity as he tap dances and sings on the steps of the White House. Word on the street is to look for more banks to petition the Fed for bail outs. Carmine D.
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