Will Anyone Have to Work???
Nov. 20 (Bloomberg) -- Isuzu Motors Ltd. and Hino Motors Ltd. will cut truck production in Japan and Isuzu will slash jobs as demand falls.
Isuzu will terminate 1,400 temporary and part-time workers' contracts by the end of the year and cut one shift at a truck plant in Fujisawa, Japan from next month, said spokesman Naoki Ariizumi. Hino, the country's largest heavy-duty truckmaker, will halt production at a Tokyo plant for five days in December, said spokesman Hidenobu Tezuka.
Jobs are being slashed all over the world. Demand is drying up due to contracting credit. It is not the end of time....just a shift in paradigms for many. The question now is how will this problem be delt with....the Demons of the world say the governments will print.....others say prices will deflate due to slowing demand.....me.....my bias is on the latter but by no means is the former out of the race.....yet.
But don't be fooled....every job that is lost and not replaced.......a small piece of demand is pulled out of the equation.......multiply that by millions of jobs in dozens of countries.....and unless the antilock feature works........this thing may spin out of control.
When I started law school the professor told us look to your left and then to your right.....one of you three will not be here on graduation day. The same could be said for your neighbors....but instead of applying it to who graduates.....you might be able to apply it to who is employed. But not having a job is not the end of the world.....there are many countries where unemployment is north of 10% and the populations have very satisfying lives. It is just that they learn to live much more simply than we do here.
Kids are baby sat by neighbors and parents. Adult children live with their elderly parents. Think how much the grandchildren can learn from their invaluble wisdom???? Didn't your parents sacrifice many years bringing you up? Can't you give em a few if necessary????
Instead of it costing $75 to go to a movie....it only costs $15....and that is AFTER tax dollars. Going for a walk in the park with a baguette, brie, and a decent bottle of wine ($20) can replace a $200 dinner for two. Not only that, when was the last time you did it outdoors?????
An easy savings would be to get the Costo American Express card....it gives you 3% back on all gas purchases and restaurant charges, 2% for travel, and one percent everywhere else including Costco which already gives you 2% with the executive membership and great prices to boot.
I will be talking more about saving money in future posts. To me, getting a deal is what it is all about.....and the size doesn't always matter.....it is more the challenge and game...sorta like caps.
I have a very good friend who, relative to his net worth, is about as conservative as me, maybe even more conservative. There is a difference between conservative and cheap....we will elaborate on this in the future as well.
Here is a fun one involving my friend that actually just happend a few weeks ago:
He parked his Dodge Viper sports car under a tree outside his summer home in Michigan. Two weeks later he tried to start it but couldn't. When he looked under the hood, there was the equivalent of two barrels full of walnuts all around the engine compartment and door areas. A couple chipmunks decided to make there winter home in his summer car and so far back that he couldn't reach em. After extracting as many nuts as he could, he finally got the car started....but now the snazy sports car with smooth rumbling motor that he paid so dearly now sounds more like a morocco shaking in a latin band than some hot rod. I guess next time he will pay to stick it in a garage.
The moral....there is none really......just be prepared for whatever comes.....and if chipmunks leave you nuts.....make music out of it.