On Oct 26, 5:42*pm, Mark & Juanita wrote:
Tom Veatch wrote:
On Sat, 25 Oct 2008 08:57:15 -0700 (PDT), Too_Many_Tools
wrote:

In tough times consumers tend to cut back...so where are you cutting
back, reprioritizing resources, whatever to make that dollar go
farther?

I am also posting this in the metal and wood working groups to hear
how those who pursue the hobby are allotting their resources.

Thanks

TMT

Retired, "tough times" haven't affected my pensions nor, so far, the
income from my securities. Market value of my holdings has decreased
but I've lost no money unless I sell them which I have no intention of
doing. In fact, I'm buying more while the price is low.

In general, I've decided not to participate in the tough times nor in
the media induced panic. Ever noticed that the prophesies of the doom
and gloom pundits are self-fulfilling.

* Thank-you for that brief intrusion of sanity into the media-induced panic.

People, the "stock market" is NOT the economy regardless of what the
nightly news-readers say. Too many people use Wall Street like your
friendly neighborhood casino. When you do, expect to lose.


I'm trying to figure out where the media induced any panic, not to
mention trying to locate anyone who thinks stocks are synonomous with
prices at the grocery store, jobs or much of anything we deal with on
a day-to-day basis.

Around here, people are cutting back, many are losing their jobs--
lessee, maybe it's the media's fault that all the textile industries
that amount to anything are now in China, as are 98% of the furniture
factories, two industries that used to provide jobs in this area,
or...well, the list goes on, while people still shop at Sam's, CostCo,
Wal-Mart and similar places where the main suppliers are Chinese.

Maybe it's the media's fault that we've lost 750,000 jobs so far this
year, and the pace appears to be increasing.

It might be time to quit trying to slay the messenger and start paying
some attention to the message presented.