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.

Last week, facing a credibility crisis with investors, Lehman Brothers Holdings Inc. demoted its Chief Finance Officer and replaced its CEO.  The shake up in management indicates the bloodletting on Wall Street is far from over.  It's stock price has gone from $80 per share to $22 plus in the last year.

Analysts at Oppenheimer predict that what's ahead for the US is far worse than what's behind.  Expecting weak and bad economic reports and results well into next year before reaching rock bottom. 

How high will gas prices go in the US?  Some say with crude at $140 a barrel, there is plenty of wiggle room for the price per gallon to reach $6-8 per gallon. 

Carmine D.

Reading your economic posts reminds me of looking at the huffington report.

Although they are usually correct,both you and the huffpo.....

MOLE

On a positive note, the Republican candidate for President wants to assist small business owners if elected.  He says they are the backbone of the US economy!  He's old school, like me.  And like him, I'm old too. 

Carmine D.

CarmineD wrote:
Yet he still hasn't offered to stop tax credits on big business that sends jobs overseas and puts the small business owner OUT of business. Too much pandering and flip-flopping on issues pertaining to the War AND economic reforms. "Age" is the least of my requirements to get my vote. That "kid" Kennedy did a pretty good job!

With age and wisdom, I realize that telling the truth and asking for peoples' votes are often diametrically opposed and contradictory.

Carmine D.

CarmineD wrote:

I posted this on June 16.  Yesterday a report that gas prices could reach $7 a gallon roiled the US stock markets and the dow was off almost 400 points.  Closing at the worse level in 2 years.

Simple to understand.  Last year when oil was $60 a barrel, gas prices were $3 per gallon.  Now they are $140, do the math. 

Lucky1: How's that for prophesy?  I speak for myself, regardless of the consequences.

Carmine D.

CAN YOU SAY  SPECULATORS,

NOW NORTH KOREA IS OFF THE TERROR WATCH LIST,WHAT DID THE BUSH CRIME FAMILY FIND AN OIL FIELD ..........

MOLE

The talking suits on the financial networks who only see the world from THEIR perspective, think it's all about the credit crunch and tax cuts for Corporations but from the little guys point of view it's a LOT different. We've spent the last 35 years disproportionally redistributing the wealth of America to the top 2% of the nation at the expense of the Middle Class. The middle class has been able to keep up with Wages until jobs and industry were shipped overseas. Then they managed to keep up with credit and borrowing. Both options are gone plus the increased costs associated with Local Taxes, high oil & food prices, the consumer is tapped out. I firmly believe we are headed for a severe depression and possibly the demise of America as we have come to know it.if we cannot find a way to redistribute the wealth from the few to the many. Without added income to the middle class... nothing will get better.

Lucky1, MOLE et al:

The high costs of oil are translated into high fuel costs for transportation of imported goods into the USA.  Products that were less expensive to import than produce here aren't cheaper anymore to outsource.  Result:  These products are made here in the USA now.  More jobs. 

The economics of commerce always work better than government intervention with rules and regulations.

Bush 2, like his father, doesn't have a clue about the working class people and their struggles.  That's what happens when you're born with a silver spoon in your mouth and graduate from Yale because Daddy did.  Kudos to Papa Bush for his Navy Service.  Boos and hisses to Sonny Bush for being conspicuously absent from Vietnam, the defining event of his era.  Both can say they were President and reminisce about the good ole days.  History will be the judge of how well they both did. 

BTW Lucky1, Obama had a private and secret meeting with Senator Webb from Virginia earlier this month.  Word is that Webb, a Marine Officer who served in Viet Nam [and has a son serving in Iraq], may get the nod for VP.  Remember my comment here.  No Commander-in-Chief should send Americans to war, unless and until that person has walked the battlefield of the dead and wounded.  Obama hasn't but Webb has. 

Carmine D.

To Carmine and LUCKY1, you guys are right on the money,the NEOCONS  have ruined the country,can it make a comeback?.Maybe we should build a compound in PARAGUAY.

This whole administration should be tried for war crimes and fleecing the federal reserve.........

MOLE