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October 26, 2008

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Devin Rose

Gratefully, I have not been affected by the crisis in any significant way, and the same is true of most to all of my friends at work whom I have spoken to about it.

Sleeping Beastly

My brother-in-law lost his job last week when it was shipped overseas. However, I suspect that his employers were planning that move for some time. Those kinds of things don't get planned and executed in the space of a couple of months. And it's not as if shipping American engineering jobs to China is something new.

Apart from that, I can't really tell that we're in a recession. Business seems a bit slower in some areas, but not alarmingly so.

This is another reason I don't read the news. I figure that, whether or not he recession is real, I have nothing to gain by dwelling on it.

Adam D

business in the cafe I work is hopping, wholesale of coffee to other cafes and restaurants is going strong and slowly, steadily growing, sales of coffee over our webstore are also doing great by our small business standards. My boss saw his kids' college fund (largely in stock portfolios) basically evaporate. But, no signs of the great depression yet.

J.R. Stoodley

I havn't noticed anything, beyond the election talk and newspaper headlines and such of course, but then I'm not the best noticer.

Tim A Troutman

I work for a non profit. Last year was a record breaking year for us as far as fund raising goes - shattering goals beyond we could have even hoped for.

This year is shattering last year's records.

c matt

Only place I really noticed is in my 401k (which has become my "401 eh?"). Other than that bit of ugliness, haven't noticed much.

Dominic

Michigan was already in a recession so I haven't noticed any recent changes around here. I'm not sure if that has anything to do with it or not.

Bill

I think unless you were in specific market segments, you're probably OK. However, credit is going to get tight and taking out a loan might be a little more difficult.

Personally, the only thing I have noticed are a few "foreclosed" properties. However, nearly everyone of them is a marginal house, on a busy street, leading me to suspect that they are not the most marketable houses and thus most tempting to people entering the market with marginal incomes.

J.R. Stoodley

Actually, come to think of it the only practical affect I've seen is a friend with more money than me getting all excited and rapidly buying up stocks, convinced that the market will recover and he will get lots of money out of it. I'm not very enthusiastic about that strategy for making money though, on principle.

I'm reminded of my grandfather who insisted it was immoral to own stocks since you were benefiting from the labor of others wile not doing anything yourself for the company. I think his idea was that employees in the company should be the ones to own its stocks. Interesting philosophy. Sounds distributist to me.

Of course, I'm sure there really are tons of people suffering from the forclosures that sparked all this, but here in Syracuse, NY there was no housing bubble to burst (Syracuse being a very undesirable place to live, especially back then), so we've been immune and right now property values are going up and things are looking hopeful, by Syracuse standards, for the city.

J.R. Stoodley

*effect.

Whoever invented the English language should be brought up on charges for such grammar shenanigans.

Mary

The company I work for may go out of business very soon.

No, I don't work in the financial sector.

Mary

Please pray for me and the other employees.

Tim J.

You certainly have my prayers there, Mary.

I wonder every day about my own job. I know manufacturing operations can't function without credit, and I may become a luxury (an in-house illustrator) they decide they can do without.

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