C
Cut-Throat
Guest
He is disassembling the SS system,
He wanted to and made some attempts, but his 'domestic' agenda stands less of a chance than a snowball in hell.
He is disassembling the SS system,
TromboneAl said:What would happen to the economy, long term and short term, if tomorrow, all of these conspicuous consumers (and the government too) suddenly saw the light, and became frugal prodigious savers?
flipstress said:Beyond those, the old Catholic guilt surfaces when I'm blowing money away on what I consider frivolous, in light of my family's poverty across the seas.
Sheryl said:I kept thinking about how the cost of one plasma tv exceeded the annual income of ten families. And how families of 8 were living on $20 per month.
I think we ought to be ashamed.
brewer12345 said:I guess Wall St. had a good year and will be distributing obscenely large bonuses soon.
FlowGirl said:He has a high end triathlon bike that turns quite a few heads (Softride) but its something that he's taken 2 years to build - frame off ebay, friend of a friend had some extra speedplay pedals, etc. He enjoys the bike, enjoys having got it for such a good deal, and yes, does enjoy having others "ooh and ahhh" over it. I don't give him a hard time about it though - he commutes on it almost every day and while it might be conspicuous its way cheaper than a Lexus.
SteveR said:Ashamed of what? <snip>
Sorry to rant but I guess this just hit a button today.
TargaDave said:Brewer, Here is the part I don't quite get. Good year for what? Underwriting? M&A? Trading?
Lexus likes to advertise that it's a luxury line, but like Acura they have some cheap models like the RX series. An RX300 can be less expensive than the Toyota Highlander that was mentioned above. Also, it does just fine off-road and in flooded streets where a Ford SW or Dodge minivan would croak. And it can get better gas mileage than that minivan. It's a much quieter ride on the inside than these cars. Plus the service is outstanding.
So I'm gonna have to disagree with you. The RX is a good general purpose beater vehicle.
brewer12345 said:Yes.
More specifically, M&A was very good, as was commodities trading, some equity and bond trading. Underwriting was probably average. Anything to do with CDS probably had a banner year. Certain specialty businesses (like life insurance securitization) did very well also.
$4/watt is cheap on Oahu! That panel would sell here for $6-7 watt, and installed would be about $8-$10/watt.wab said:Is that considered cheap for old panels? Our neighbor just put up a bunch of brand-new Sanyo HIT panels at a little more than $4/watt.
Sanyo HIT
The best decompression stories come from liberty ports. Unfortunately most of them aren't suitable for exaggerating the lies repeating in a family forum, although I did tremendously enjoy the full-time housekeeping/personal services staff in the 1991 Subic Bay quarters for a room rate of $5/day. Nothing sleazy or slimy, just a daily routine that included fresh-pressed uniforms, highly-polished shoes, a personal shopper, and a massage at the end of the "work" day. I felt like MacArthur, but I haven't been able to reproduce that life here at the same price...Apocalypse . . .um . . .SOON said:(I'll bet Nords has the best de-compression stories. Getting off a submarine after three months or more of active duty in a life-death situation, occupied by required life-death activities, etc.)
TargaDave said:Too bad a good year on Wall Street doesn't always filter down to Joe-Jane investor. Glad you had a good year though. Help's offset that Jersey cost of living.
flipstress said:I was thinking more about what I said about my feeling of guilt and wanted to add that guilt is not necessarily a good thing unless it makes me act in a more useful way.
I don't know if a better description would be feeling in conflict because along the lines of Juliet Schorr's thesis, I am a part of this group here in the US with its living standards and also a part (although not as much) of the group over there in the third world with its own living standards. Maybe I feel both.
would that family feel guilty once they had my job and lifestyle
Brat said:Whether it is guilt or a sense of responsibility, many send money home to help those they left behind.
Sheryl said:They call this "remittance." It makes up a major potion of many Central American countries' income.
"Remittances to Central America in 2002 amounted to $5.5 billion. In Nicaragua, remittances that year supplied 29.4 percent of the country's gross domestic product, 11.5 percent in Honduras and 15.1 percent in El Salvador."
http://tinyurl.com/bly62
Yeah, I agree, we are where we are and we pick/assign a purpose to our lives. I don't really think guilt is useful, either, but for some, it might be the starting reaction to a disturbing situation.just_hatched said:Perhaps we are all where we are for some purpose. I try to help others as I can, but what more am I supposed to do? I don't see how feeling guilty will help anyone.
brewer12345 said:I am not inetersted in conspicuous consumption (CC) and never have been. Lately, I have been exposed to some really world-class levels of CC. I guess Wall St. had a good year and will be distributing obscenely large bonuses soon. I am hearing news reports of luxury goods retailers already ramping up their business, and no doubt things will start going into overdrive. My colleagues are infected with all this nonsense as well. One of the junior partners has purchased the following since I joined up in April: 2005 Mustang convetible; a 4BR house in a nice NYC suburban neighborhood (which has been completely gutted since the purchase), and most recently a Luxus RX330. A senior analyst mentioned yesterday that his wife is starting to talk about buying an Escalade (despite the fact that her Durango is 3, maybe 4 years old).
I don't get it. These guys work hideously long hours for the comp they get, and then they apparently piss a lot of it away on luxury junk. I guess I am a bad Merkin or something, but I find it strange and off-putting.
BunsGettingFirm said:The problem is how do you hold your line? Judging by Wall Street standards, your colleagues are quite conservative. I haven't even heard a single mention of a Cirrus SR22.
Frankly, I don't know how you do it driving an old Subaru to work everyday. The peer pressure on you to spend must be enormous.
brewer12345 said:Like I said, I could care less about all that stuff. Besides, now that the subaru is a few years old with the usual scratches and dings, all I have to do to change lanes in traffic is find a pricy luxury car to budge in front of.