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Posted by George Elder
on 11/4/2009, 3:25 am, in reply to "Massively OT and a concern..."
71.162.42.125
I known many of our kindred have fallen upon hard times -- and there are also several ill collectors who will soon leave our table. So if a collector is young, he/she has fears about jobs, declining 401Ks, and all the other nasties that have curtailed spending. And with a high average age, nature takes an inevitable toll. As a consequence, money is tight and the market is flooded with ample used models. Sales are down and producers and dealers feel the pain. How well the hobby will endure this trial is unclear, but I suspect we have a long way to go. The thing is, the Fed's had little choice but to throw money at the problem, and although it spiked up GDP -- how much of that is "real"? I certainly do not see a real comeback in terms of sales, although we have enough to get by. We also have an over-abudance of inventory because we have striven to help our friends -- despite fairly poor sales. Well, we cannot continue that policy, and I fear what will happen to various concerns. We'll get through all this, but the frustration is working its way to the surface -- as the recent elections have shown. We'll lurch to the right -- then back to the left -- and so it will go. Radical solutions will arrise that are not solutions at all. Time will sort it all out, but some will fall by the way -- such as Carat, Bille, and several good friends who are already knocking on heaven's door. But we will endure, come what may, and strive to do the best we can. It is easier to give in to despair than to swim against the tide -- but life requires a bit of tenacity at times. And so we stand, badly battered, but still upright.
George
--Previous Message--
: I don't usually comment about strings on the
: SteelNavy message board, but this one,
: "Massively OT..." is very
: interesting to read. It is depressing to
: see how many of the posters there are
: unemployed, having lost their jobs within
: the past year or so.
:
: I am aware of some 1200/1250 collectors in
: the same predicament, and some who have sold
: off their collections as a consequence.
: These are difficult times for many people.
:
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