Has the New Tech Bubble Burst? - Page 2 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 02-01-2006, 04:47 PM   #16
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
It is clear that our consumer appetite causes many to live beyond their means. Today's generations want what their parents have, without spending the time to build savings first.
__________________

__________________
nbcrusader is offline  
Old 02-01-2006, 04:59 PM   #17
Forum Moderator
 
yolland's Avatar
 
Join Date: Aug 2004
Posts: 7,471
Local Time: 11:57 PM
^^

"Do not put a stumbling block in front of a blind man" (Lev 19:14).

And one contemporary rabbi's interpretation of this:
Quote:
When a person seeks advice, he has a right to expect that the guidance being offered is intended solely for his benefit. If, for some reason, his advisor feels incapable of offering neutral advice he is obligated to explain why or to offer no advice at all...it is forbidden to pretend to help someone by giving advice, when that advice is actually intended to benefit the person offering it.
Brazen and unrealistic incompatibility with free market values and an ethos of individual responsibility, or a collective ethical challenge worth taking on?
__________________

__________________
yolland is offline  
Old 02-01-2006, 05:06 PM   #18
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
Quote:
Originally posted by yolland
Brazen and unrealistic incompatibility with free market values and an ethos of individual responsibility, or a collective ethical challenge worth taking on?
Definitely an ethical challenge worth working on (though, you better drop the biblical reference ).

We currently have rules and regulations regarding fiduciary responsibilities. The more challenging part of these rules is the ability to show that a loss was due to a breach of fiduciary responsibility, instead of other market forces.
__________________
nbcrusader is offline  
Old 02-01-2006, 05:09 PM   #19
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 02:57 PM
Quote:
Originally posted by nbcrusader


I hope they don't dock you too much.
It's all just a money-go-round

Markets move
and money is made.
__________________
deep is offline  
Old 02-01-2006, 05:12 PM   #20
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 02:57 PM
Quote:
Originally posted by nbcrusader
It is clear that our consumer appetite causes many to live beyond their means. Today's generations want what their parents have, without spending the time to build savings first.
you may recall

after 911

the President's first advice

go spend money.


I think America is consuming way too much
and I am more guilty than most.

I don't need a Plasma TV
I don't need a new second car

but I may buy them both, soon
__________________
deep is offline  
Old 02-01-2006, 05:16 PM   #21
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
Quote:
Originally posted by deep
I think America is consuming way too much
This "trend" started back in the late 70's.

The boom of the 80's made it a reality for many.

Now we, as a country, are hooked on are consumption.

High school students' cars are nicer than mine.

And, looking at the wealth of the community, we joke that a Newport home without a plasma screen is a home in need.
__________________
nbcrusader is offline  
Old 02-01-2006, 05:21 PM   #22
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 02:57 PM
Quote:
Originally posted by nbcrusader




High school students' cars are nicer than mine.

A friend of mine would let her son drive her BMW to Newport Harbor High.

I asked her why?

She said he could not drive a several year old Japanese car without being ridiculed.

Gotta love the O C
__________________
deep is offline  
Old 02-01-2006, 05:25 PM   #23
Rock n' Roll Doggie
 
randhail's Avatar
 
Join Date: Mar 2005
Location: Outside Providence
Posts: 3,557
Local Time: 05:57 PM
I for one enjoyed the days of driving around in my grandparent's old chevy station wagon. Kids today are really missing out by not driving a beater. Driving a crappy car is a badge of honor amongst the people that I know.
__________________
randhail is offline  
Old 02-01-2006, 05:27 PM   #24
Forum Moderator
 
yolland's Avatar
 
Join Date: Aug 2004
Posts: 7,471
Local Time: 11:57 PM
Reminds me of that old Camper van Beethoven song about Club Med and Newport Beach...

Here in Southern Indiana a needy home would be one without a pickup truck .
__________________
yolland is offline  
Old 02-01-2006, 05:29 PM   #25
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
Quote:
Originally posted by deep


A friend of mine would let her son drive her BMW to Newport Harbor High.
And that is the "poor" high school in the area.
__________________
nbcrusader is offline  
Old 02-01-2006, 05:31 PM   #26
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 05:57 PM
Sounds like a great place.
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 05:34 PM   #27
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
Quote:
Originally posted by MrBrau1
Sounds like a great place.
A beautiful area. But you can see how destructive money can be among many of the families that live here.
__________________
nbcrusader is offline  
Old 02-01-2006, 05:38 PM   #28
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 05:57 PM
We used to make fun of the BMW/Jaguar kids in high school (all the way back in 1991)

Nothing said "Mama's Boy" more than a 16 yr old w/ a $30,000 car.

Then again, I rode to school in a '76 Chevy Malibu, roll painted with flat black alluminum siding paint, a white skull & crossbones painted on the doors.

Across the back were the words:

Mo's War Wagon

We chopped the roof off for homecoming, and the car actually broke in 1/2.

Good times.
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-02-2006, 12:45 PM   #29
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 05:57 PM
Another big problem with the current housing bubble. ARM and Interest Only Loans. Like your "low monthly payment"? People are in for a rude awakening when these loans adjust.



http://online.wsj.com/article_email/...TcwNjExWj.html
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-02-2006, 12:50 PM   #30
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 02:57 PM
Quote:
Originally posted by MrBrau1
Another big problem with the current housing bubble. ARM and Interest Only Loans. Like your "low monthly payment"? People are in for a rude awakening when these loans adjust.

This happens with every economic cycle. When rates increased in the 90's, those with ARMs got their rude awakening.

It is all about risk and reward.
__________________

__________________
nbcrusader is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 05:57 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com