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Old 09-15-2008, 02:23 PM
 
Location: NJtoPhilaTo?
468 posts, read 503,866 times
Reputation: 81

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Quote:
Originally Posted by HobokenGuy View Post
I'm still curious to know how NJ will weather this meltdown. Lots of commuters are tied to these firms, and I bet a lot of them will have to move away to find work.
You mean move out of the country like most companies have been doing for the past 7 years?
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Old 09-15-2008, 02:28 PM
 
Location: NJtoPhilaTo?
468 posts, read 503,866 times
Reputation: 81
Quote:
Originally Posted by Delphi View Post
I would say deep painful correction. We Americans need to give up part of the wealth we gathered in last 7/8 yrs.
Who's we white man?
Haven't we given up enough to the war and to other things the fed has dropped the ball with?
Besides the wealth is held by fewer now,let people like Buffet and Gates and Trump and Branson spread the wealth around a bit.
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Old 09-15-2008, 02:32 PM
 
364 posts, read 764,526 times
Reputation: 100
Quote:
Originally Posted by JoeSo View Post
Who's we white man?
Haven't we given up enough to the war and to other things the fed has dropped the ball with?
Besides the wealth is held by fewer now,let people like Buffet and Gates and Trump and Branson spread the wealth around a bit.
We means people who pay tax on their $10 income, not on their $10B income. We take the pain that those big shots inject into the society.
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Old 09-15-2008, 03:09 PM
 
217 posts, read 1,060,956 times
Reputation: 117
The stocks plumeted recently.. because if that hurricane.. now i dont know squat about it but i know it's a big deal to a lot of ppl who put a lot of money on a lot of stocks.
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Old 09-15-2008, 03:13 PM
 
Location: High Bridge
2,736 posts, read 9,003,874 times
Reputation: 670
Quote:
Originally Posted by HobokenGuy View Post
I can tell you that the bars were eerily quiet this past weekend here.
College just started up again. This happens every year :P
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Old 09-15-2008, 03:29 PM
 
526 posts, read 1,292,456 times
Reputation: 74
I like that you are all talking about it and seeing the worst, as with all other economic downturns and financial market problems, it is always darkest before the dawn. When everyone is at the peek of pessimism and running from the markets, be they Stock Markets, Bond Markets, Real Estate Markets, Currency Markets ... that is the time when you reach a bottom, and things start to turn.

Have we reached the darkest point in this mess with Fanny, Freddy, Lehman, Merrill, and who knows who else?? I could not say, I dare say nobody really could until that time has passes and the best buying opportunity has passed.

Yes this will effect New Jersey, to what extent, who knows, I will say one thing for sure you will not see a spike in foreclosures for at least 6 months or longer if you ever see it. Why, it just takes that long once people stop paying their mortgages. One things is for sure, it likly will not be as happy of a holiday season this year in Hoboken, Jersey City, and Manhattan.
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Old 09-15-2008, 03:43 PM
 
Location: North Carolina
6,959 posts, read 7,493,305 times
Reputation: 6769
I think those "big bonuses" that the Wall Street crowd are used to at Christmas will be more like a $10 Off coupon for Outback Steakhouse!
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Old 09-15-2008, 03:46 PM
 
217 posts, read 1,060,956 times
Reputation: 117
Quote:
Originally Posted by TheEmissary View Post
I think those "big bonuses" that the Wall Street crowd are used to at Christmas will be more like a $10 Off coupon for Outback Steakhouse!
i wouldn't mind.
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Old 09-15-2008, 03:50 PM
 
Location: Weehawken, NJ
2,179 posts, read 6,267,649 times
Reputation: 1165
Quote:
Originally Posted by JamesBoyer View Post
I like that you are all talking about it and seeing the worst, as with all other economic downturns and financial market problems, it is always darkest before the dawn. When everyone is at the peek of pessimism and running from the markets, be they Stock Markets, Bond Markets, Real Estate Markets, Currency Markets ... that is the time when you reach a bottom, and things start to turn.

Have we reached the darkest point in this mess with Fanny, Freddy, Lehman, Merrill, and who knows who else?? I could not say, I dare say nobody really could until that time has passes and the best buying opportunity has passed.

Yes this will effect New Jersey, to what extent, who knows, I will say one thing for sure you will not see a spike in foreclosures for at least 6 months or longer if you ever see it. Why, it just takes that long once people stop paying their mortgages. One things is for sure, it likly will not be as happy of a holiday season this year in Hoboken, Jersey City, and Manhattan.
Add a good number of inhabitants in Bergen, Union, Morris, Essex, Monmouth, Nassau, Richmond, Queens, Kings, Suffolk, Passaic, Hunterdon, Sussex, Warren, Somerset, Middlesex, Rockland, Westchester, and everywhere else.
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Old 09-15-2008, 03:51 PM
 
Location: North Carolina
6,959 posts, read 7,493,305 times
Reputation: 6769
Quote:
Originally Posted by FromDaSack View Post
i wouldn't mind.
Me neither!
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