gone

[kevy]

well said sleepygreg, you are so dead right.

[kevy]

hi sleepygreg, you are so right in what you say, i seem to think that pinhead is having a slight go at you.

[PinHead]

hi sleepygreg, you are so right in what you say, i seem to think that pinhead is having a slight go at you.

ya really think so ???? In fact, I wasn't.

[finga]

Gees Ian look at what you've started.....

If the future outlook of the financial world is all doom and gloom then why are the Australian banks making record profits??
Why don't they pass on interest cuts?? What's the point of interest cuts if they're not passed on???

As for businesses....When I was a young fella my pop taught me to start out small and work your way up the food chain and that's what I did. I worked for myself after my normal paid job to build up my sparky business.
Profits went back into buying more gear and equipement.
After not long I had everything I needed.
I never had an overdraft or any leases.
I grew to where I had 5 contractors working for me off and on.
Worked well too.

Now-a-days people simply go and borrow a motza to buy a franchise or open a business and, in my opinion, they're behind the 8 ball to start with.
Factor in a slight downturn and the damage is done. The loans have to be repaid where as I could just take a truck off the road and park it in the shed with no worries. It'l start again when the need arises.

I buy off shore.
Why???
Because I'm now piss poor and when I can get twice as much for my buck I'll do it. That's why.
If you don't like it then tough noogies.
Does anybody want to give me the difference?? If so then I'll buy here.

Now....does anybody know the number for the Hummer dealer??
Or should I go and buy another house or two??
Raby Bay is cheap now. A house on the water went for less then $1,000,000 last week. I might just wait another month or two and get one there

[FNQCairns]

About the banks I think it's getting interesting, no one guarantees bank deposits if the tower that holds them can weather any storm, simply not needed, Macquarie bank, Citibank, what's up with them in this country....NatOz bank sold a bucketload of shares at a 10% discount under the already quite low for modern history share price if I am correct...what's up with that also, it's not the teller that makes a decision like that

As a nation we are good at holding up a con job as true right to the end and then a little beyond till everyone forgets as they are too busy dealing with the aftermath...interesting times ahead...possibly.

cheers fnq

[mod5]

Now....does anybody know the number for the Hummer dealer??

Here ya go. Was in there the other day

HUMMER
Ph: (07) 3877 0000
Fax: (07) 3877 0130
gravatt@zupps.com.au

[Donny Boy]

Hummer ????

Nah......get a Patrol.

[tin can marlin]

For fellow members info i'am sure the auction is to be held on the 3rd of dec.

[TimiBoy]

Hummer ????

Nah......get a Patrol.

I used to Patrol but now I cruise.

195 Kw, 650 Nm.

As if you wouldn't!!!

Cheers,

Tim

[finding_time]

I used to Patrol but now I cruise.

195 Kw, 650 Nm.

As if you wouldn't!!!

Cheers,

Tim

200 series deisel right? Definately a sweet ride, but i have one question . Is yours using oil? i have now heard of 3 new 200 series deisels that are using oil at an alarming rate! One of them is close to using 1L per 1000km's Huston i think we have a problem!


Ian

[ozbee]

add another one to your list

[finding_time]

add another one to your list

How much is yours using Ozbee? A mates quite concerned as Toyota is not that forth comming with an awnser!

[TimiBoy]

Mine used about 100 ml in the first 1000, now has 3000km, no appreciable use. Toyota changed the oil type and it got a whole lot better. Thus sayeth the Land Cruiser owners website...

Cheers,

Tim

[White Pointer]

Fishing? What's that? Perhaps I'll find out on Tuesday when heading out for ten days or so.

That ought to shut me up and prevent pouncing on bad news rather than fish... or sand crabs.

However, this economic event is not passing without interest because the depth of the turn down is something that has not been seen since 1929-1931 or, perhaps, even 1873.

Witnessing the results of an unstable Bagehotian banking system coupled with lack of adequate regulation is something not to be missed. We are getting a lesson in systemic risk, the likes of which is rarely encountered.

Looked at with some detachment it is fascinating but many of us are aware of the costs borne by those already affected and most of us do feel sorry for those businesses that have been at the front of the storm.

Sorry for the Economics 101 - I will shut up and go to the boat.

G'day,

Actually, what we are seeing in markets now did not happen in the depression. It has happened twice - during WW1 and again in WW2. Back then it took massive conflict and the diversion of the world's resources to a wholly destructive process.

This time round it only took the world's bankers and their auditors.

Accountants have a lot to account for.

White Pointer

[webby]

Sounds like their running two strokes in the new cruisers