dpb wrote:
Jeff wrote:
George wrote:
Pipedown wrote:
This guy is years ahead of his time. Someday we will all be
scraping the bottom of the savings barrel this fastidiously. Well
at least I hope not. By the time the oil really runs out, we should
be getting most of our electricity from various green sources.



"Bill" wrote in message
...
The clock on my range has never kept correct time, yet it keeps
running and using electricity. (Small amount, but many little
things like this can add up.)

So I pulled my electric range out from the wall, unplugged it, and
disconnected the clock. (Only do this if you know what you are doing.)

I already have many electronic things on power strips and turn off
the power strips when not in use. These things use electricity all
the time...




I think we will see continuous adjustments of lifestyle towards
efficiency. A lot of it is right in front of our noses such as
driving normal cars instead of big, piggy fluffed up trucks for
personal transportation. I good example of that is todays GM
announcement that they will be closing their gas guzzler "car" plants.

And possibly discontinuing the Hummer.

The word used was "sell" in all reporting I saw...

Right you are.

http://www.latimes.com/business/la-f...,2133975.story

"At this point, we are considering all options for the Hummer brand,"
Wagoner said. "Everything from a complete revamp of the product lineup
to partial or complete sale of the brand."

No possible buyer has been named for the division, which was for a few
years -- when gasoline cost less than $3 a gallon -- one of GM's
strongest. Last week, GM stock hit a 26-year low, falling to $17.38. At
11:15 this morning, the stock was unchanged at $17.43.

Can you imagine the pain this market driven force is causing GM? And
for that matter the workforce.

But rational analysis should have told all the car manufacturers
that the ramp up in sales (propped along by all kinds of gimmicks) was
unsustainable. Now, there's a word for the future, "unsustainable".

Market forces will direct--if allowed.

Of course.

But, have you not noticed the destruction wrought? The lack of any
standards or accountability for securitizing sub prime loans springs
immediately to mind. That little fiasco is going to dwarf the S&L
cleanup in scope.

It also seems likely that if the government had pushed SUVs with the
100% write down on up to $100K that that little bubble wouldn't be
bursting so large now.

Capital markets benefit by sensible regulation. '29 springs to mind.
Thats why post credit meltdown, that the Fed is now inside all the large
investment banks, watching...


Jeff
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