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alstry (36.24)

Demand is for Dummies

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July 03, 2008 – Comments (4)

I keep hearing people say there is a lot of demand out there and things will pick up soon.

Demand is about desire.....but money gets you the honey.

There is lots of demand out there for a lot of things...but without the ability to pay, demand is simply desire.

Heck, I would like a G5, but I won't spend $20K per hour on the luxury.

Money is drying up everywhere.  There is less and less to spend everyday.  Credit lines being cut.  Jobs being lost.  Revenues and incomes slowing.

So when you hear those idiots talk about pent up demand.....why don't you ask them if there is any pent up savings?

4 Comments – Post Your Own

#1) On July 03, 2008 at 1:54 AM, hansthered (< 20) wrote:

Preach on brotha..

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#2) On July 03, 2008 at 7:20 AM, alstry (36.24) wrote:

AMR Corp.'s American Airlines may cut as much as 8%, or 7,000, of its employees this year because fuel costs have surged, The New York Times reported. In an e-mail to staff, the Times reported, Jeffrey J. Brundage, the Fort Worth, Texas, carrier's senior vice president for human resources, said the airline expected the job cuts to be similar to the 8% cut in flights it plans in 2008. The carrier said it would take a second-quarter charge of as much as $1.3 billion for severance and to write down the value of the regional jets it's retiring as it eliminates flights, the Times reported.

8% at Starbucks and 8% at American.

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#3) On July 03, 2008 at 11:40 AM, eskatonic (29.22) wrote:

YES YES YES

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#4) On July 04, 2008 at 11:50 AM, marketdias (84.65) wrote:

I might frame this Alstry gem:

"So when you hear those idiots talk about pent up demand.....why don't you ask them if there is any pent up savings?"

The U.S. has had a negative savings rate for years. Now, all of a sudden, many will actually have to come up with down payments for homes and have money in hand for other major purchases.

With current inflation and already high debt loads, many can barely make ends meet. It would be impossible for them to save much, even if they wanted to.

Years might pass before Americans will have the money they need to really follow through on any pent-up demand.

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