World financial crisis

wepwawet · Posted: Fri Oct 10, 2008 11:10 am Post subject:

Buy chips, not funds;-)

Just remember the price development of a P4004 the last year.

NO FUND had such a performance.

I just regret I didn't buy all those plastic MCS-4 sets for 50 bucks the last years...

CPUShack · Posted: Fri Oct 10, 2008 1:53 pm Post subject:

If the govt would not have meddled so much with the market, we would have been fine.

All this 'bail-out' crap is set to make thingsvery very bad.

debs3759 · Posted: Fri Oct 10, 2008 4:36 pm Post subject:

I'm going to start watching scrap prices, and start buying bulk quantities of scrap chips when the price hits a big low point, and just hoard them until the price soars again Smile

johnorun · Joined: 04 Apr 2008 Posts: 3364 Location: Chicago, IL- US

I voted "hard time", but my budget for collecting is slim until I see there is more confidence in our economy.

This economic collapse was long overdue and is a natural way for markets to correct imbalances like the the excess abuse of credit by everyone from governments down to the bloke barely getting by.

As painful a lesson this is for most of us, the end result will be good as people (and governments, yuk-yuk) realize they must live and spend within their means.

CREDIT is like alcoholism.
The more and longer you depend on it, the worse the hangover!

This crisis will be fixed, but it may take several years to get over the "withdrawal" of the credit-spending orgy.
Let's hope we in the US finally elect some officials that lead by example and learn from the mistakes of Spending more than you have!!!

Grrrrrrr...I am really pissed... Surprised

thomsonicus · Joined: 11 Dec 2007 Posts: 226 Location: Poland

Personally I guess the crysis is hitting the major coutries right now, USA, Russia. The stock markets in Poland are going down all the time, but no as dramatically as it happened in Russia. For now I guess I'll wait a couple of weeks and I'll see then how to vote.

CPUShack · Posted: Sat Oct 11, 2008 12:40 pm Post subject:

hugo929 · Joined: 27 Oct 2006 Posts: 6163 Location: China

I think the financial crisis must have some impact on collecting. as i found some auctions (yesterday's auction, I missed because i was sleeping) were ended with much lower than before.
these auction are some nice ES from lzf70000 and a nice C4004 from germany

lither · Joined: 04 Dec 2005 Posts: 1362 Location: Taiwan

Elar · Joined: 16 Jul 2003 Posts: 746 Location: Tallinn, Estonia

What crisis? Commodore 65 sold recently on ebay for $9100.

http://cgi.ebay.com/COMMODORE-65-FULLY-FUNCTIONAL-XTRAS-EXTREMELY-RARE_W0QQitemZ300272093037

Cobracon · Posted: Sun Nov 16, 2008 11:15 am Post subject:

When you combine subprime loans (which were almost guaranteed to fail) with over extension of Federal and private credit (debt), something HAS to give.

I can clearly remember a speech by Georgie W, after hurricane Katrina, where he said, "There's PLENTY of money available.", in response to a question about financing our contrived wars and Katrina recovery. What he was really saying is that we can just borrow MORE money from India, China, and parts of the Middle East.

Check out the good old US of A's National Debt Clock. If you click on your browser's refresh button every few seconds, you can see the debt growing right in front of your eyes:

http://www.brillig.com/debt_clock/

D.8080 · Joined: 03 Apr 2006 Posts: 1474 Location: Italy

So, we agree that the current gov of USA indeed messed up?
Then, it's just plain goodness to have a change?

Good enough, as long as they really start to kick white collars' asses for the crazy things they do!
I don't believe that George W woke up one morning and phoned over to some of his collaborators to say "loosen credit rules, say that to Freddy and Fanny, and btw have them here for dinner...".

The heck, this isn't a South Park episode. People got their homes slipped under their feet, with banks grinning happily. Banks that got bankrupt, and that wiped other people's credit... It's been a deadly chain.

Who cares who predicted this and that, in fact nobody changed anything.
Now it's a world crisis for a country's mistake, I guess it's serious enough to rethink a few words uttered by Bush "anything that is good for my country...". USA must start to think using the present to build the present, not taking the past into today like it has been done.

I really hope that Obama's young age will have him taking new a better decisions.

----

For my collection it's always hard time, little money and difficult auctions...
But the slope is not to an end yet... worst to come.

andamus · Joined: 06 Dec 2004 Posts: 1029

I resume this old but actual thread,
and it's sad but I have to change my vote from "Hard time. But to it doesn't influence on my hobby" to "Economic disaster. No money to update my collection".
Due to the crisis the company where my girlfriend work has just "dropped" 320 peoples so from 1st february she will be home and with an incoming baby no one will give her a new job. So I will finalize my last trade and then I will stop to update my collection.

D.8080 · Joined: 03 Apr 2006 Posts: 1474 Location: Italy

Non vi scoraggiate.

All over europe they are firing people, that's unfortunate.
They let people home by thousands, this is really bad...

iguana · Joined: 24 Apr 2007 Posts: 2456 Location: Ottawa, Canada

Yes, now the situation is worse than when i started this poll.
Hard time!
But maybe this is the time to go in for sport, health, learning languages, parenting... any more ideas ?
As for CPUs collecting - Let's do trades!
And it's good time to introduce proper order in collection\website Smile

Windmiller · Joined: 24 Jun 2005 Posts: 1716 Location: Chapel Hill, NC

	News · Chips · Information · Forum · Links · About	Contact Us

	FAQ · Memberlist · Usergroups · Profile · Private Messages · Log in · Register	Search