The Economy
- This topic has 80 replies, 31 voices, and was last updated Mar 21, 2009 at 4:13 pm by
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You need to ask yourself “now what is this stuff made from to make it taste so good, exactly what’s in it??!!”
Or perhaps you don’t………… 😮 😮 😮
Morsie
Interesting to see how things have played out a bit since this thread was started only 3 months ago. Theres still plenty of bad to come imo. Much as I said in Dec I don’t think we’ve seen the end of it (there are just no signs of easing as yet). The good news if you want to call it that, is that change is starting to occur and Gov’t action ( spending) is starting to get out.
Sucks, but its the only real way out. Robbing Peter to pay Paul.
Hopefully come late summer/fall theres enough peices to pick up and carry on.Isn’t the pace that the economy has turned at amazing ?
www.dsaphoto.com
A picture is thousand words that takes less than a second while a thousand words is a picture that takes a month.
I don’t think you are David.
Nor do I (again I’m no economist) really see things turning around unless 2 things occur.
1) The US establishes some measure of stability and confidence. Its started in the US 2 years ago, the “end” or turn around has to start there to. Not to Politicise this, but somewhere down the road and with the benefit of history the “Catalyst” for this ‘global economic meltdown” is going to traced there. For generations we Canadins have had a saying.
When the US sneezes, we catch a cold
2) The world gets its excrement together and works together to turn it around.
The list of world economies and world wide organisations that are going tits up are staggerng. Not day has gone by where I dont thnk in the 3 months where I haven’t about about dismal results from A,B or C, or mssive layoffs at D, E and F. It litterallly seems like every day.
Japans ecomony shrank by 12% last quarter followed by the USs. The EU is reeling, Canada is reeling, Auzzies, in short everone is.My hope right now is that the news coming out “now” which is largely a result of things occuring during the late fall is something of a bottom (to be sure theres more to come)..But with action starting to occur, by the time early summer rolls around things will start petering out and alot of the hemoragging will have stopped. By fall we start seeing some growth, thanks to steps being undertaken now.
Thats my glass is half full.
TO get there I do beleive it’s going to take massive spending by all Govts, corporate tax cuts, and ballooning deficits. Â In a few years assuming we get though it, then Gov’ts of various economies are likewise going to have to work together to reverse the damage.
It might mean higher taxes, it might mean massive cuts to govt spending and progams it might mean alot of things.
One things for certain the Landscape will have certainly changed.
Some people in the financial community say the market will bottom out soon and others are saying not until mid next year will we see a turn around.
i think that the news media has a lot to do with the economy all gloom and doom it is being sensationlized .make everyone afraid to buy.
I am fortunate my self in that my company’s performance is strong, and while our business may get a bit “soft” I don’t expect to see anything like what some of you are going through.
On the other hand, I talked to my son today. He is a guide in Missoula, MT. Generally he needs about 70 days to survive and get through another school year. If he gets 100-120 its a good year and he is quite comfortable. So far, he has about 20 days on the books. He has nothing for the Skawala hatch the end of March, when he was expecting to make a few bucks for the end of school and until the season really get going in June.
I believe that there will be some major shake outs in the industry. Prices have be escalating for equipment and guiding. A day with a guide in Montana now costs nearly $500. Even though my son is in the business, I think that is outrageous. I’m predicting that prices will drop dramatically in the next 12-18 months for gear and services.
I’ve been working for 40 years, and I’ve never seen anything like this.
i think that the news media has a lot to do with the economy all gloom and doom it is being sensationlized .make everyone afraid to buy.
I could not agree more Bill! I think the media is very responsible and they continue to make it worse. I won’t even watch the evening news any more.
Joel
you know i am 67 yrs.old been flyfishing about 40 yrs. prices has soared on everything ,we must have a price correction before the economy ever returns. having a fly shop in the early 80,s when you could buy the best of rods for $300. and reels were around $100 look at the prices know . $700 rods and $700 waders its got to end and correct it self.new truck $50,000. driftboats over $10,000. or better yet new bass boat over $60,000.
I have to say, since the company I worked for tanked, I have been reminded at how tasty Ramen noodles and PB&J can be.
And in response to bill’s post. My truck cost $8400 (used with 21k mi on it), my most expensive rod was $139 and I have a few other budget level rods. All 4 of my rods are sub $200 (G.Loomis East Fork, Venture x2, Cabelas XSS). And all my gear catches fish. The point is, it’s only that expensive if you want it to be.http://society6.com/grainfarmer Fly Fishing and Landscape open edition Photography prints.
http://grainfarmer.vsco.co/ iPhone photos
http://instagram.com/chad_simcox InstagramI am a man of too man hobbies, all of them outdoors to some degree. All of the sports that I do are seem to be in various states of a long-term decline in participation, fishing among them.
However, when things get a little tough in the economy, people tend to look for things to do closer to home. We still want leisure activities, but aren’t willing to part with the same number of dollars to do them. I’ll be curious to see if my favorite spots have a few more people at them this year.
Things here in the UK are pretty tight to, there has been mass retrenchements and unemployment is rising. Â Here is scotland alone there is apparetnly 10 500 businesses on ther verg of closing.
Guess I’ve going to have to cut back on the Orvis Mirage, the 19ft leaders that we use here start becoming expensive 😉
Zach, I really admire the way that you try and keep the thread on track, I’ve seen so many similar threads on other forums spiral out of control and revert to mud slinging.
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