Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (33403)	5/10/2003 12:37:11 AM
From: Maurice Winn	Read Replies (3) of 74559

Ray, with German unemployment around 10%, I'm looking forwards to offering BMW $5000 for a 5 series complete with all mod-cons. Hopefully, WWII is too fresh in their minds to think that a bit of territorial expansion will help them. They must cut their pay rates, get real jobs and supply me with nice cars. They'll have to do it for a very low price though, because Toyota makes some nice Lexus models and they'll be looking for business too, as the USA market dries up as people reach their credit limits and their house prices sag slightly, rendering their ratio of debt:equity a little larger than desirable. I thought Roach was okay with that piece. Meanwhile, Globalstar is wending its way through the bankruptcy process and with ICO and Craig in charge, it'll be a new beginning with [I hope] some new ideas on how to sell service. A clue is that people don't like to pay more than their hourly rate for a marginal minute of yakkity-yak time. Charging $120 an hour is NOT the way to get a lot of business. Mqurice

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