Sharon, While I appreciate your "Economics 101" lesson, don't muddy the water by bringing up NH, xmas, or any other chatter as you are trying to flame the argument.
What I merely said was it would be naive to only blame the establishment as we as consumers do have have to share "sopme" of the blame in this meltdown; one would be?dope to think otherwise -----Original Message----- From: FleurDeLis <[EMAIL PROTECTED]> To: AsburyPark@yahoogroups.com Sent: Thu, 10 Jan 2008 6:16 pm Subject: [AsburyPark] Re: Goldman sachs... It's one of the laws of supply and demand. When there is a glut of any commodity on the market, the cost goes down, when the demand goes down. When the demand is up, (see oil), the price inflates! Before Christmas, most static goods, like Xmas cards, wrapping paper and ribbon, are regularly priced, unless you shop discount, like me. The day after Xmas, prices are as low as 50-75%, of the original cost, which is why smart shoppers, buy these goods, at cut rate rices for the following year! Demand is very low, the day after Christmas, thus, the dip in cost. Apply this to the slump in housing, creates a "buyer's" market, as the interest rates plummet! I learned that in Economics 101! A no brainer. You can't blame everyone. Altruisms, are false! Just check the polls in the NH primaries, which were either all wrong, or people lie! --- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote: > > Folks, > > As consumers we should all blame ourselves to some extent.? Its easy to scapegoat companies and GW and everyone but ourselves.? Consumers and investors were clearly partially to blame.? The woes have not been caused by America, but by Americans. No one is blaming companies. If they are mismanaged, it's one thing, but real estate markets are alwyas fluctuating, depending on the interest rates and whether it's a bull or bear market. > > -----Original Message----- > From: dsher4 <[EMAIL PROTECTED]> > To: AsburyPark@yahoogroups.com > Sent: Thu, 10 Jan 2008 10:57 am > Subject: [AsburyPark] Re: Goldman sachs... > > > > This is purely an FYI: > Goldman was one of the very few companies who did not perpetuate any > of this. They are #1 in almost every category related to investment > banking but was #13 in issuing of mortgage related products. They > were also net short the mortgage market for most of 2007 and is the > only company that didn't have to take large writedowns last year. > Blame everyone else except these guys actually. > You work for them? > > It'll be a buyer's market, for at least 6 months. Consumers > spending > > less, 130 jobs lost at a furniture factory in NC, due to the drop > in > > home buyers. Yep! Goldman is one of the culprits! I stand by my statement. I saw a report on the above yesterday, on CNN. Yahoo! Groups Links ________________________________________________________________________ More new features than ever. Check out the new AOL Mail ! - http://webmail.aol.com
