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.

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

Carmine you stated: 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.

Normally (or at least previously) I would have agreed with that.. but times have changed. It is a GLOBAL ECONOMY now. Greed and Power fueled by subsidized economies, supported buy slave labor, masking as Capitalism, has no national boundries and therefor no self preservation interest in, or for, it's people. Doesn't look good unless you WANT the US to be a third world S-hole ruled by the rich elite and no middle class similar to Mexico.

CarmineD wrote:

I hope that the news media doesn't sue you for trying to take credit for what they reported.

CarmineD wrote:

Believe it or not Carmine, I agree 100% on this one.

How does corporate America expect Americans to buy their goods if they do not have jobs that have been sent abroad? 

HARDSELL wrote:

Oh no.  What is this world coming to?

I'll have to rethink my position.  If you agree with me, it must be wrong!  Before I know it, you will be singing the praises of ORECK and HOOVER.

BTW, just to keep you apprised:  Fry's Electric has brand new dyson DC-7's on Clearance for $289.  Time to buy? 

Carmine D.

CarmineD wrote:

Carmine,

I am sort of glad that I do not know what this world is coming to.  It d**mn is not what it used to be and the changes aren't for the better. Except for Dyson which has made vacuums better.

HARDSELL wrote:

HS:

That is the subject of a different thread, with lots of pros and cons.  Dyson has certainly been the most expensive big box store vacuum in the last 6 years which assists indy's to sell their store brands.   

Yesterday saw another big hit on the US markets in part due to $140 oil prices.  With this and the other US economic woes, and worldwide, the expensive big box vacuums will be a HARDSELL!  Better for indy-s.  Worse for dyson and high priced vacuums in the big box store venues.

Carmine D.  

All eyes will be on the US markets today.  Why?  June 30, last day of the quarter.  Typically the hardest hit for stock markets.

Since the October 2007 markets high, the US stocks have lost 19.9 percent.  20 percent market decline is a signal of a recession.  And during the day last Friday, the stock index was lower than 20 percent from the October 2007 peak.  Stocks lost almost 5 percent last week alone with a 358 point drop on Thursday and 100 on Friday.  

Have to wait and see what happens today with investors.

Carmine D.

The investors spoke.  Oil hit a new high: $143 a barrel.  US markets fell, dow by 166 points.  According to the gurus:  With the dow down 20 percent since October 2007, we are officially is a recession.

How deep and how long?  Time will tell.

Carmine D.

If the stock market is not the best and only indicator of a US recession, the USA gurus use another.  The job rate declines and unemployment rates.

For the past 50 years whenever the unemployment rates increased for 6 straight months, the USA experienced a sustained period of economic recession.  The latest 5.5 unemployment rate is the 6th monthly consecutive increase for the USA. 

The gurus say it underestimates the real figure.  If you factor in the persons who have had their hours cut back and/or forced to work part time from full time, the rate increases to10.5 percent.  The highest unemployment rate since the great depression.

Carmine D.