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Old 10-16-2008, 09:12 PM
davidmg davidmg is offline
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Join Date: Apr 2004
Location: Berea, OH
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Default Re: Is it a digital revolution or a market crash?

We started this revolution years ago, it is just starting to surface. As soon as our kids are able to sit up we put them in front of a computor. Programs were designed to teach them everything from ABC's, reading, counting, math etc. They learned to communicate with friends at school via email then chat rooms now texting. We now carry the web with us wherever we go on our cells. Everytime we need something we reach for the keyboard. I can't tell you the last time I used one of those big heavy phone books! Idiscontined the newspaper because it was always yesterdays news and full of useless ads. This younger generation who started using computors at young ages are now homeowners. The first place they turn to when shopping for a product is the web, weither to purchase or get info.

The more connected we become the more people are needed in the as you call it "Service to Service Areas". Today we have more job options available to us than the generation before us. Yes it has become extremely difficult to find a brick mason or a carpenter to do good work. But our parents who were masons and carpenters sent us off to college so we could choose a better lifestyle.

Beacause we have such a large consumer base in the US we are very diverse. What difference does it make if a product comes from China as long as it is of good quality? We wanted cleaner air here in the US so we enforced strict air polluntant emmissions on our factories. For many factories faced with the costs of complying with the Federal regualtions on clear air found it much more cost effective to go to China where they had no reguations and the labor was cheaper. Now China is the worlds biggest pollutor and the air blows accross the ocean to us. Did we get our cleaner air?

As far as sitting at a computor earning a living I put in more longer days and weekends than I did when as you would say "Worked for a living". Ebusiness is long hard hours with many employees in programing, customer service and warehousing. I just hired 2 more warehouse persons this week. I now have 63 employees all full time and no layoffs with extremely low turnaround. Many companies are still having great growth. If unemployment hits 10% it sounds horrible but 90% are still working and have the money to spend. If you offer the right product they will buy it.

The housing crises was caused by greed and no we should not bail-out wall street or back up the banks for making bad loans. Proof is how AIG is still waisting money (again in todays news) after receiving bail out money. They caused this problem and should be held accountable for it. When we bailled out the airlines after 9-11 that was different because they didn't cause the problem. Housing prices rose so quick the market had to adjust itself. Years ago before many of you could remember there were 4 gas stations on every corner. Now maybee 1 and 3 drug stores or fruit markets and flower shops in their buildings. We can still find gas after all the stations closed. The market adjusted itself. We have too many banks. Every shopping strip has at least two, malls up to 4 etc. They even have braches in our grocery stores. Its just time for the banking industry to adjust itself. Today the big boom is building drug stores because the baby boomers are getting older and will need more drugs. Here in Cleveland Ohio we have a major dug store on every corner. This market will bust and adjust itself. The stock market had record growth in the past few years, it is time for it to adjust itself.

Back when records were recorded on vinyl (LP's) and CD's came out thousands of people lost their jobs, but thousands more were created making CD's and more records sold. Now that industry is being threatened by pirates, free down loading and blue ray technology. Our markets always adjust and we adjust. We are Americans and we are strong.

Sorry I sometimes get long winded.
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