It's time to panic

[Pennyguy23]

Nice Thread Way to help people out. You must be a glass half empty type of person?

 

[bavaria]

Nice Thread Way to help people out. You must be a glass half empty type of person?

To be fair to the OP, if he was born in 1981 and is age 26 or 27, this may be the first time that he has experienced what many of us who are older have been through before, and will go through again.

He most likely does not remember the 1980's or much of the 1990's, and may only know a life of relative ease in the United States of the last several years.

I can imagine that for young people who are coming of age this is most likely a shock to them, if they only knew relative privelege or well being growing up, and never witnessed their parents having to struggle (although their parents may well have struggled in the 70's/80's/90's)

Many people really only become aware of such things in their teens, not their childhood, so he simply may not remember that far back.

Edited: ok, I just saw that OP is not the age that I thought, so don't know why the panic, but I do know that many people do get very wound up by the media. My advice is to turn off the TV, or at least watch/listen to a broad range of programming, and not just America-focussed. BBC World is I believe available in America and gives a global viewpoint in a rather calming fashion.

 

[Chuck S]

Folks, a reminder that the threads on the DVC board have to relate to DVC. You are free to discuss the impact of the current economy on DVC and Disney, but if it strays too far off topic, I'll be moving this thread to the Community Board.

 

[bavaria]

To bring my comment back to DVC: foreign ownership of DVC is extremely limited, with UK and Canadian buyers making up the bulk of 'foreigner' owners, combined with some ex-pat Americans and a handful of 'others'. (How many other annoying German DVC owners do you know? )

So while I agree that DVC sales will be down, I don't think that there is much chance of any slack being taken up by foreign buyers, and certainly don't think that they will replace much if any of the reduction by US buyers.

 

[Coach81]

Nice Thread Way to help people out. You must be a glass half empty type of person?

Thank you! I'm actually a very optimisitic person. But with the current economic status of the US, my rose colored glasses have been shattered.

I just hope that we can keep our DVC.

 

[Crisgw]

The gloom and doom is not helpful. It adds to the anxiety.

Please continue to follow the advice of "good" economists - manage your debt, look for good investments, and keep your appropriate level of spending. The WORST thing that can happen to the economy right now is if everyone picks up their money and goes home - it will be worse.

If you stop spending money at the local furniture store, the owner has to lay off their workers. If they lay off the worker, they stop going to the clothing store. The clothing store owner lays off their worker, who had planned to go to Disney. Disney sees a decline and lays off their worker. That worker stops going to out to eat, which causes the local restaurant to close. The owner of the local restaurant was about to buy their wife a new living room furniture set. The local furniture store now sees a further decline and closes shop... repeat cycle until you have a serious recession.

And by the way. We are NOT in a depression. We are not even technically in a recession yet by definition. Those who even mention depression are fanning flames and attempting to create a self-fulfilling prophecy. Its pathetic, and in my opinion the so-called experts and pundits out there saying this should be investigated and face legal consequences equivalent to yelling "fire" in a crowded theater. Give me facts please. And the facts prove this level of talk is unfounded.

Very well said.

 

[Jeremy&Susan]

Watching the local news this morning, there was an economic expert on who basically said the US is screwed financially. We are currently over 400 BILLION in debt, and we will continue to be in debt for the next several years. He said this will be a long, difficult road back to recovery.

Look for the resales to go through the roof. There will be a gradual but steady decline of DVC sales, and other than foreigners, look for Disney to start losing tourists. The recession has now become a depression. All of our excessive spending has finally caught up with us.

We will have to work our way out of this over the next 10 - 15 years.

Good luck everyone.

And now for the REALLY BAD NEWS .......

 

[twinklebug]

Anyone who thinks we're in a depression needs to seek out someone who lived in the depression. It's an insult to what they went through to compare what we have going on to then.

Here's news: Believe it or not, television news is just sensationalism. They promote the most extreme angles on everything to get you addicted to watching & hopefully to watch through the commercials. It all comes down to money and how to keep you 'buying' the product.

I prefer to get my news from the paper (love reading the paper on the train) & online as I can select what info to process & have more time to look back and read over the articles, to question sources and remember what I've read. I feel my kids and I have better discussions when we have articles to read from too.

That, and TV news is depressing - with the paper I can flip from a hard-times story to one about family, towns, entertainment or science.

I don't think this thread pertains to DVC at all, nor did the OP intend it that way. I vote for it to be moved the community board where it will grow exponentially out of control and the fighting will cause it to be locked down. LOL.

 

[janni518]

I live down here in Texas.....where we make it. If I go by the factory I can get stale 2 day old gas for half off on tuesdays and fridays.

Cant.breathe!

 

[Chuck S]

After a reminder that the topic needs to remain DVC related, it has again strayed from course. I am movig it to the CB.

 

[dairyou]

Where is gas $3.04?? I am moving. I can't stand almost $4.00/gallon anymore. Although, on Disney property it is cheaper than it is closer to Orlando, by about $0.20...one thing Disney offers cheaper than anywhere else near me - gas.

PS. I am not panicking. I got laid off from work, so I went back to school to get a degree in something I know is always needed where I live - teaching!

I just came to this post so it might have beeen mentioned already, but in California the school districts are not doing well at all. Many teachers are getting laid off and if you are just graduating you won't be finding a job anytime soon. Due the housing decline people aren't moving into the area and thus so many schools are not needed. You school district must be doing very well.

My friend who is a nurse will never be out of a job. People will always need healthcare.

 

[Barbossa]

Does this mean the DLR will lower their admission prices? If that ever happens, then I know that we're in a recession.

 

[akhenaten]

Anyone who thinks we're in a depression needs to seek out someone who lived in the depression. It's an insult to what they went through to compare what we have going on to then.

.

I agree totally!!!!

 

[bavaria]

I don't think this thread pertains to DVC at all, nor did the OP intend it that way. I vote for it to be moved the community board where it will grow exponentially out of control and the fighting will cause it to be locked down. LOL.

Well, since you made it happen, I'm out of this thread.

However, I agree with everything you wrote. Turn off the TV, if you need news listen to the radio, or read the paper. And diversify - there is a lot that is interconnected in the world and understanding global issues will help to temper the drama on the American television.

And yes, this is an insult to people who really did suffer and those who are still suffering around the world. Imagine how these type of threads look to people living in countries where the majority of populations struggle to survive, while we debate DVC purchases.

Germany is by no means a poor country, albeit a much worse economy than America with far less disposable income, but the rants about gas prices in America here tire me. Nobody seems to even care that in Europe we pay $10,50/gallon (and that does NOT include 'free' healthcare, which is one of the great myths on the DISboards) Our gas prices didn't go down, even after crude oil prices plummented this summer.

 

[jimmiej]

At least gas was under $3 here yesterday.

 

[BelleBoo&AmisMum]

To be fair to the OP, if he was born in 1981 and is age 26 or 27, this may be the first time that he has experienced what many of us who are older have been through before, and will go through again.

He most likely does not remember the 1980's or much of the 1990's, and may only know a life of relative ease in the United States of the last several years.

I can imagine that for young people who are coming of age this is most likely a shock to them, if they only knew relative privelege or well being growing up, and never witnessed their parents having to struggle (although their parents may well have struggled in the 70's/80's/90's)

Many people really only become aware of such things in their teens, not their childhood, so he simply may not remember that far back.

Edited: ok, I just saw that OP is not the age that I thought, so don't know why the panic, but I do know that many people do get very wound up by the media. My advice is to turn off the TV, or at least watch/listen to a broad range of programming, and not just America-focussed. BBC World is I believe available in America and gives a global viewpoint in a rather calming fashion.

Ahem - I was born in '77 and aside from this nagging feeling of doom I think I'm doing ok with this whole thing. Of course I have the benefit of a European spouse and in-laws that lived through WWII in Europe.

BBC World is available here, at least the radio is, I listen to it daily on XM.

 

[icydog]

For those of us who are retired like me the news is not good at all. We have a lot of our living money in stocks and bonds in mutuals. Yes, the bonds were a good idea but we were, like everyone else around here, counting on living our life out on our investments. I am happy for all of you who are doing well but this economy is scary, no way around it.

I do agree that stopping spending will cause even more calamitous results. The economy will not snap back by itself. If money is not funneled into the market place their will be serious by products. like closing manufacturing, loss of jobs, inability to pay our huge debt etc.

 

[Tinkerbellcrafter]

Tell me you're joking... I'm just ignorant.... Right?

Originally Posted by theoarn
I live down here in Texas.....where we make it. If I go by the factory I can get stale 2 day old gas for half off on tuesdays and fridays.

Oh mannnnnn....

 

[icydog]

STALE GAS????

What happens to it to make it stale? I never knew gas had an expiration period. I think we are always getting stale gas since the refineries are no longer in NJ. Lucky you in Texas. But it's hot, right? NOT so in the North East. It's a nice crisp fall day here in NJ.

 

[akhenaten]

STALE GAS????

What happens to it to make it stale? I never knew gas had an expiration period. I think we are always getting stale gas since the refineries are no longer in NJ. Lucky you in Texas. But it's hot, right? NOT so in the North East. It's a nice crisp fall day here in NJ.

i think that was a joke....

no more refineries in nj??
what are these??

http://www.powerplantjobs.com/ppj.nsf/Refinery2?OpenForm&cat=New Jersey&count=1000