Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Tony H on 10 October 2008, 18:09:41
-
G.M shares are trading at less than $5 each and $2 will buy you a Ford share. Could this be the end for G.M who where even before the current financial crisis were in deep trouble. If they do fail the ripple out effect will be gigantic.
-
By the way things have been going today Globally on the financial markets I think GM, Ford, etc will not be alone in going down the pan!! :'( :'( :'(
Let's face it we are in real trouble now, and it looks as though my two company pensions are buggered; I'll be working to 100 the way it is going!! :o :o >:( >:( >:( >:( >:(
-
I think there will be a lot of big fallers ..... :-/
-
Neither will be allowed to fail.
-
Neither will be allowed to fail.
They have to, the legacy costs are way too high.
-
Maybe time to start investing in shares in the near future.
I can also see the cost of cars coming down to try and safeguard companies to get through the rough patch.
-
Maybe time to start investing in shares in the near future.
I can also see the cost of cars coming down to try and safeguard companies to get through the rough patch.
Not gonna help that much. Dealership traffic down 50%. Of the people that do try to buy the likelihood that they will be refused for credit has doubled. Even if they drop prices, people won't get credit. The low credit rating people are down to 20% success rate on getting credit approval for a car.
-
Today there were many car advertisements on the TV..Before hardly I see one in a week.. :-/
import car prices,car part prices go high up, as the currencies change up here.. >:(
its obvious when the dust settles down , nothing will be same :(
-
It may be a good time for someone with a few quid spare,and a brave attitude to buy shares.
if you buy small amounts in lots of big companies,some of them may go bust in the short term but most of them should recover to previous levels in the longer term.some of the high street names have lost almost 90% of the share value this year. If they recover that in say 5 years......kerching :-/
-
Neither will be allowed to fail.
They have to, the legacy costs are way too high.
They dont make the legacy. Subaru do :P
-
It may be a good time for someone with a few quid spare,and a brave attitude to buy shares.
if you buy small amounts in lots of big companies,some of them may go bust in the short term but most of them should recover to previous levels in the longer term.some of the high street names have lost almost 90% of the share value this year. If they recover that in say 5 years......kerching :-/
OTOH, some people have already tried that. An investment company put 7 billion into a bank this spring, and the bank still went pop. The 7 billion went poof!
-
Markets are still dropping though, wrong time to buy.
Tis a wait and watch time. ::)
-
Maybe time to start investing in shares in the near future.
I can also see the cost of cars coming down to try and safeguard companies to get through the rough patch.
Not gonna help that much. Dealership traffic down 50%. Of the people that do try to buy the likelihood that they will be refused for credit has doubled. Even if they drop prices, people won't get credit. The low credit rating people are down to 20% success rate on getting credit approval for a car.
was talking to some off the car transporter drivers who use our yard in sheerness all off them have been put on 90 day notice with minimum off 100 off them being laid off ,not good :( :(
-
Maybe time to start investing in shares in the near future.
I can also see the cost of cars coming down to try and safeguard companies to get through the rough patch.
Not gonna help that much. Dealership traffic down 50%. Of the people that do try to buy the likelihood that they will be refused for credit has doubled. Even if they drop prices, people won't get credit. The low credit rating people are down to 20% success rate on getting credit approval for a car.
was talking to some off the car transporter drivers who use our yard in sheerness all off them have been put on 90 day notice with minimum off 100 off them being laid off ,not good :( :(
Large parts of the auto industry are going to be decimated (literally, which is not as bad as the figurative interpretation) by the end of the year, especially in the US. Dealerships over there are going into administration in droves.
-
By the way things have been going today Globally on the financial markets I think GM, Ford, etc will not be alone in going down the pan!! :'( :'( :'(
Let's face it we are in real trouble now, and it looks as though my two company pensions are buggered; I'll be working to 100 the way it is going!! :o :o >:( >:( >:( >:( >:(
Another 30 years of work.......I don't envy you lizzie. :D :D ;D ;D :y
-
GM in early talks with Chrysler this morning reference a possible merger.
-
Just to kick off on a tangent, sorry for breaking the thread, BUT, this general bad market has got me very concerned, gas/leccy prices especially, even though I'm capped, I'm in the process of installing a multi fuel stove, coal £16 / bag, I can get all the wood I need at the moment that is!
Speaking to the chimney sweep only yesterday, he says that there are an increasing number of homes going to solid fuel, he hasn't been so busy since the eighties, until Maggie shagg3d the pits.
It's hitting us all, with 2 years to pay on the mortgage, I'm in two minds whether to pay it off now with savings (Rainy day money) or what! I feel like I'm a squirrel rummaging around hoarding nuts for a long cold winter.
I really feel for some families who are not as fortunate as mine, young couples with new mortgages who jumped on the band waggon assuming that the price of houses were rising higher and higher, then, freeze n' fall, negative equity etc...
DC :'(
-
Just to kick off on a tangent, sorry for breaking the thread, BUT, this general bad market has got me very concerned, gas/leccy prices especially, even though I'm capped, I'm in the process of installing a multi fuel stove, coal £16 / bag, I can get all the wood I need at the moment that is!
Speaking to the chimney sweep only yesterday, he says that there are an increasing number of homes going to solid fuel, he hasn't been so busy since the eighties, until Maggie shagg3d the pits.
It's hitting us all, with 2 years to pay on the mortgage, I'm in two minds whether to pay it off now with savings (Rainy day money) or what! I feel like I'm a squirrel rummaging around hoarding nuts for a long cold winter.
I really feel for some families who are not as fortunate as mine, young couples with new mortgages who jumped on the band waggon assuming that the price of houses were rising higher and higher, then, freeze n' fall, negative equity etc...
DC :'(
It may be a psychological blow, but younger people that recently bought can walk away from negative equity. It's happening a lot already. The people that will really feel the pain are those close to retirement, and doubly so for those made redundant late in their careers.
If you have a small mortgage, I would not pay it off. You won't get another one soon if you need the cash.
-
Just to kick off on a tangent, sorry for breaking the thread, BUT, this general bad market has got me very concerned, gas/leccy prices especially, even though I'm capped, I'm in the process of installing a multi fuel stove, coal £16 / bag, I can get all the wood I need at the moment that is!
Speaking to the chimney sweep only yesterday, he says that there are an increasing number of homes going to solid fuel, he hasn't been so busy since the eighties, until Maggie shagg3d the pits.
It's hitting us all, with 2 years to pay on the mortgage, I'm in two minds whether to pay it off now with savings (Rainy day money) or what! I feel like I'm a squirrel rummaging around hoarding nuts for a long cold winter.
I really feel for some families who are not as fortunate as mine, young couples with new mortgages who jumped on the band waggon assuming that the price of houses were rising higher and higher, then, freeze n' fall, negative equity etc...
DC :'(
It may be a psychological blow, but younger people that recently bought can walk away from negative equity. It's happening a lot already. The people that will really feel the pain are those close to retirement, and doubly so for those made redundant late in their careers.
If you have a small mortgage, I would not pay it off. You won't get another one soon if you need the cash.
Hi Theo,
Agreed, we don't plan any more mortgaging, it would be nice to say bye bye to the monthly expense, but, if I was out of work for example, I'd just like that money to fall back on. What bothers me, is that I'm paying interest to the bank each month for the privilage!
DC ;)
-
Just to kick off on a tangent, sorry for breaking the thread, BUT, this general bad market has got me very concerned, gas/leccy prices especially, even though I'm capped, I'm in the process of installing a multi fuel stove, coal £16 / bag, I can get all the wood I need at the moment that is!
Speaking to the chimney sweep only yesterday, he says that there are an increasing number of homes going to solid fuel, he hasn't been so busy since the eighties, until Maggie shagg3d the pits.
It's hitting us all, with 2 years to pay on the mortgage, I'm in two minds whether to pay it off now with savings (Rainy day money) or what! I feel like I'm a squirrel rummaging around hoarding nuts for a long cold winter.
I really feel for some families who are not as fortunate as mine, young couples with new mortgages who jumped on the band waggon assuming that the price of houses were rising higher and higher, then, freeze n' fall, negative equity etc...
DC :'(
It may be a psychological blow, but younger people that recently bought can walk away from negative equity. It's happening a lot already. The people that will really feel the pain are those close to retirement, and doubly so for those made redundant late in their careers.
If you have a small mortgage, I would not pay it off. You won't get another one soon if you need the cash.
Hi Theo,
Agreed, we don't plan any more mortgaging, it would be nice to say bye bye to the monthly expense, but, if I was out of work for example, I'd just like that money to fall back on. What bothers me, is that I'm paying interest to the bank each month for the privilage!
DC ;)
Put it somewhere that gets a bit of interest, and the difference shouldn't be too bad.
-
By the way things have been going today Globally on the financial markets I think GM, Ford, etc will not be alone in going down the pan!! :'( :'( :'(
Let's face it we are in real trouble now, and it looks as though my two company pensions are buggered; I'll be working to 100 the way it is going!! :o :o >:( >:( >:( >:( >:(
Another 30 years of work.......I don't envy you lizzie. :D :D ;D ;D :y
Thank you very much Optimist!! :o :o ::) ::) ::) It is 50 years (well 45! ;D) if you must know!! ::) ;D ;D ;D ;)