JAYDEEJOHN :
Look, I know these times are hard. I worked for a company where the owner allowed the tenured employees a chance to actually vote to either keep your 40Hr work week, and lay off the non tenured people, or, go 32 Hrs and keep them, we all voted to keep them. This is and was a fine company, doing quite well, and kudos to its owner as well.
My points are this. If you stop and let these things effect you too much, then youre certainly a victim of it, whether you have to be or not. On a business level, the same applies, except the exceptions of where you can make certain strides in certain things where previously they didnt exist. I dont particularly quote the Inq, but their 08 assessment hit it square for me. The men behind the curtain pull all the levers, and we all have to jump somewhat, but its also some of these that make their opportunities, and lil things like Intel and AMD could play a part, so, in essence, no one really knows how this will play out, as Im sure those who are pulling the levers know that there needs to be competiton in such an important market, and Im also sure there will be
Really, so if you take a pay cut, and stop buying discretionary because all you can afford are neccesities, you are a victim? Or you lose your job and cant afford even the necessities, you are a victim?
Tell that to my cousin who just got laid off in detroit. Tell that to to all the other people who have lost their jobs to date, and to those who will be losing them this year. See what they have to say to you. And while your at it, check the current unemployment stats and the Q4 manufacturing results.......seems there are a quite a few people on your "victim" list Jay.
What you have is "democrat" syndrom....that if you just keep spending, all will be well. Only problem is, it doesnt seem to have worked so far, and worse, when you try that game you devalue currency. Weve had this talk before, regarding Roosevelts early blundering attempts at welfare, and his shift to the fiat. And heres what you just dont get. When you pull a stunt like printing as much cash as you can, and bailing out debtors, you make a statement. That statement is their are no repercussions for And what that tells people like me, people who
are responsible and havent spent ourselves or our companies into the black hole of debt is that we dont have to work, all we have to do is suckle the government teat....just like all the other losers. Why should we? There is no
incentive to succeed....not when there is no failure. In fact, all you do when you bail out debtors or save failed business models is make a statement that
everyone else are the stupid ones. Tell me Jay, why should I work 12~16 hours a day, 5~7 days a week, when I can be a dirtbag, do nothing, and receive the same reward? Work ethic? Seems to me, my work ethic is pretty freaking stupid if can sit at home all day, run up the credit debt, then get out of jail free, and in the process wind up with more pocessions than I have now. So why should I be a taxpayer instead of a tax benefitor?
Jay, youve made these off hand sarcastic remarks about the "sky is falling"....but you still dont beleive that it really is. This isnt a burble, this is the no BS real thing. People are losing their jobs. Not a few, not a lot, but record numbers. And many of them have already overextended themselves on credit. They have no money to spend. That means they can purchase things they need, let alone things they dont need. That means shelves stay full. If shelves stay full, the retailers and wholesalers -the middle men- go out of business. If they go out of business, the manufactueres go out of business. The cascade effect....or falling domino if you prefer.
But we can just print more money, and all will be well, right? Clue to you mothers uncle Jay....those who "pull the levers" didnt 'pull the brake lever' when the needed to, and now the train is out of control. I mean really, these are the people who created this crisis, and now you beleive...
"as Im sure those who are pulling the levers know that there needs to be competiton in such an important market, and Im also sure there will be".
...Jay...really, you need to start reading.
There was a bumber sticker from the recent election, and it says it all.
The piper
will have his due. The more money the government prints, the deeper the hole it digs.
Oh....you can start thinking about digging the hole another trillion deeper...
Governors ask Uncle Sam for $1 trillion
I dont care if either AMD or Intel have the CPU to end all CPUs....at this point, its got nothing to do with product quality, its got to do with neccesity, and no product, no CPU, no TV, no PC game is going to sell if theres no demand. Demand for CPUs is decreasing, not increasing. Both manufacturers are going to hurt, no ifs and or buts about it.....and thats not going to change anytime soon. And the difference between AMD and Intel is that AMD is deep in the red, with no prospect of paying of their debts anytime soon. It is now 2009, and we are one year closer to the senior note deadline. AMDs clever little deal to handle those fell through, in case you havenet been reading....and you if think the Fed is going to bail AMD out...I think you are overestimating AMDs prospects....again. Do you really think the Fed is going to blow off hundreds of thousands of jobs in michigan, but try to save a few thousand jobs in Austin, callie and
germany? Big picture Jay....AMD ist producing anything that Intel cant, doesnt fall into the catogary of national asset technologically, isnt bringing any significant wealth to the GNP, and isnt employing enough people in the US for The Fed to even bother giving them a glance. NY is going bankrupt and the Abu's finally figured out the condition AMD is really in. And as far as competition goes, the Fed can
legally fix Intels prices if need be.
AMD has no one but themselves to pull them out of this mess and frankley, unless the situation changes immediatly, which is highly unlikely, its doesnt even look like they are going to have the opportunity to pull themsleves out.
Oh, by the way, Before you start on the Abu's again, I suggest you read up on how the global recession is affecting
them. If you think they are immune, or have an endless supply of cash to spend, you are sorely mistaken.