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alstry (36.17)

Will Anyone Have to Work???

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November 19, 2008 – Comments (7)

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.

7 Comments – Post Your Own

#1) On November 20, 2008 at 12:43 AM, Tastylunch (29.37) wrote:

Instead of it costing $75 to go to a movie

Man where do you go to movies???!! It costs me maybe 20 bucks for tickets for two people....

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#2) On November 20, 2008 at 12:50 AM, alstry (36.17) wrote:

Babysitter @$12 bucks per hour x 4 hours....$48

Tickets @ $9 each x 2 tickets....$18

Popcorn and drink combo @ $12

 

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#3) On November 20, 2008 at 1:30 AM, jegr5347 (< 20) wrote:

In my culture, it was very unusual for unmarried young adults, including college grads, to leave home prior to marriage. With women it was almost taboo. It has changed somewhat since I was young to a more American style now.

 

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#4) On November 20, 2008 at 1:56 AM, kayakingkarl (< 20) wrote:

Here's a foolish idea to help preserve jobs across the country. Don't buy stock in any company that is cutting costs by cutting jobs. CEO's of corporations are giving themselves stock options and raises as rewards for being failures.  They are patting themselves on their fat backs for saving the company money (in the short term) by firing employees.
I say to all you working class stiffs that have seen several good friends layed off with no good prospects in the near future, let's nip this in the bud. How? by selling stocks that announce layoffs and refusing to buy stocks in any company announcing layoffs. Productivity has increased year after year here in the United States. How do corporations reward their hard working employees? By kicking them to the curb. We as small  investors can do little on our own to influence the market. Collectively we can do huge things. This economic meltdown is a good fear based example of it. After all, the economy is not some nebulous ghost, but made up of consumers. That means you and me.  It is time for a payback to those who have remained loyal. What is the payback? All we want is to keep our lousy jobs. Is that too much to ask? I strongly urge you to think twice before investing in a company that can't come up with ways to cut costs besides laying off the very people that made them record profits over the last several years. I also recommend finding a list of the best companies to work for. If any look promising as an investment how about rewarding them for their exemplary behavior? Better yet bail out on your lame ass company and go to work for them.

Here's another foolish idea. Since we are the economy, if you are making a decent wage and secure, go out and shop for the holidays. Buying is the best way to stimulate the economy. But put away your credit cards. If you can't pay for it in cash, you can't afford it. Fortunately it is a buyers market for everything under the sun. Take advantage of it while it lasts. Cash is King now. It may be worthless paper in a couple more years.

 

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#5) On November 20, 2008 at 2:52 AM, Decibel45 (< 20) wrote:

Productivity has increased year after year here in the United States. How do corporations reward their hard working employees?

And how do you think that productivity increased? By having each employee be more effective is how. To some degree that can be turned into additional sales, but only to a limited extent. At that point the company performs better by turning the productivity into reduced expenses; and that means cutting head count.

 Think about what you're promoting here... do you really think it would be wise for a manufacturing company to get rid of all it's robots? How about all it's machinery in general? Just go back to having people do everything.

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#6) On November 20, 2008 at 3:33 AM, Tastylunch (29.37) wrote:

Ah didn't know you were counting a  babysitter or popcorn, well that explains it. I think you can see why I thought it was expensive. :-)

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#7) On November 20, 2008 at 6:25 PM, debtRichQuick (< 20) wrote:

I like this post Alstry!! I also like the way you tied in your personal wishes.

"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????"

I think this pegs your age at late 50's....  Looks like we got what we were looking for on CTX!! Finally huh? Amazing that piece of garbage even stood so long. The bottom is near Alstry. I think by end of next year we'll bottom as an economy. As for stocks, who knows. I don't see unemployment in the 20% range though. I think 9%/10% is where we'll get to. 12% would be an ultimate high. That is almost too high.

Glad Obama is in the house!! His character is one I feel can restore the US's position as global leader. He'll need the entire 8 years though. Maybe a 3rd term? I enjoy your posts! Always have my man! LONG LIVE THE ALSTRY!!

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