Comments on: What the Financial Crisis Means for Spam, Psychics, Hosiery & More

By: Davd Dzidzikashvili

Davd Dzidzikashvili — Wed, 31 Dec 2008 21:24:00 +0000

The Fed decreasing interest rates to nearly zero should be extremely alarming to everyone, since it points out one major problem: the Fed is running out of options and tools to combat today’s economic crisis. The worst that could happen is that this recession cold last beyond 2010. Decreasing interest rates will have short-term solutions, but we need long-term, solid decisions to guarantee long-term stability, growth and sustainability.

We have bailed out the Wall Street, the Detroit Big 3 and most probably we won’t stop here. How much longer can we keep bailing out the failed companies? And the most important – can we afford to?

The coming year seems full of hope. Economic recovery and ending recession will be painful across many nations, since this financial crisis had direct or indirect effect on many countries. Hope recovery will be more speedy and we’ll be able to get rid of economic mess by the beginning of 2010.

By: Davd Dzidzikasvili

Davd Dzidzikasvili — Wed, 31 Dec 2008 21:23:00 +0000

By: Scott Mahler

Scott Mahler — Tue, 23 Dec 2008 00:05:00 +0000

This is what I call the true “trickle down theory.” When one industry goes bust, it’s hard for it not to effect others around it. Fortunately for me, companies still see the necessaty of a professionally done website. I Won’t have to eat Spam…at least not yet!

By: Sara

Sara — Mon, 22 Dec 2008 23:03:00 +0000

Maybe hosiery purchases are going up as more people are out of work and interviewing. i know i bought a couple pair for that express purpose this year.

By: Neal

Neal — Mon, 15 Dec 2008 21:36:00 +0000

We just got an email from the CEO of the Fortune 500 company I work for that no corporate employees will be getting merit increases (raises) for 2009. Thankfully we were just boutgh out at the end of last year, and the new ownership signed an agreement not to alter our bonuses for at least 3 years.

By: Spam Ain't Meat!

Spam Ain't Meat! — Mon, 15 Dec 2008 20:34:00 +0000

SPAM has more ingredients than meat in it. This makes it NOT meat. Also known as a meat substitute. It just happens to have a few meats on the long list of INGREDIENTS, lol. (Which include sugar and potatoes.) Disgusting!

By: pat

pat — Mon, 15 Dec 2008 11:32:00 +0000

Businesses will strugle more as lenders call in debt and restrict criteria.

By: pat

pat — Mon, 15 Dec 2008 11:25:00 +0000

I have discovered since the credit crisis people are advertising alot their goods to sell secnd-hand.

By: KerriH

KerriH — Mon, 15 Dec 2008 03:00:00 +0000

I read this after the wanderlust article–dang it! Now I wanna go to Iceland!!!

I do agree about the lipstick factor. I have recently converted to Berts Bees instead of chapstick to keep my winter lips smooth. It’s all about having a tiny bit of luxury in your life to make it not suck so bad :)

By: Holly

Holly — Sun, 14 Dec 2008 21:01:00 +0000

Hosiery is probably doing so well because of two reasons. Cosmetic surgery is far to expensive for someone trying to scale back, and spanxx is the next best thing. Also people who are depressed (due to economic reasons) are not eating as healthy (as it is more costly then junk food) and can’t afford to buy new clothing or go to the gym. I’ve always loathed Nascar, it is a complete waste of gas and money, so I don’t mind if that business tanks.