Posters and the economy

[Gary!]

Anyone else notice (maybe DMB posters aside) that prices for a lot of stuff is struggling? People are selling like crazy.

So I guess the question is, since the end of days are upon us, are you going to keep your posters or sell them all for guns and a bunker?

[dmb8506]

Anyone else notice (maybe DMB posters aside) that prices for a lot of stuff is struggling? People are selling like crazy.

So I guess the question is, since the end of days are upon us, are you going to keep your posters or sell them all for guns and a bunker?

I need a rocket launcher, so I might trade my flower power set for one!:hudak

[DMBfan]

Booo. I gotta keep them, at least while I still have a job. My DMB posters would be last though. But it does suck, my credit card is not happy with me or Methane/Warehouse/ebay. :shifty

[DMBTattoo]

Booo. I gotta keep them, at least while I still have a job. My DMB posters would be last though. But it does suck, my credit card is not happy with me or Methane/Warehouse/ebay. :shifty

agreed!

[DMBTattoo]

Gary

I feel you might be right, there is a sell off of things and i am sure if one searches lots of deals will be out there, not only on posters but many items

[trpnwillie]

"Gosh darnit if joe six pack hockey puck is second to the thrown I'm buying canned food and ductape to weather the inevitable shitstorm."

-Dave's Twitter

But seriously, if it all goes down... I'm gonna go surrounded by my posters and rockin' out to a live show!

[DMBTattoo]

"Gosh darnit if joe six pack hockey puck is second to the thrown I'm buying canned food and ductape to weather the inevitable shitstorm."

-Dave's Twitter

But seriously, if it all goes down... I'm gonna go surrounded by my posters and rockin' out to a live show!

hahaha

[clwatt3]

At least they will keep my warm. They can fuel the fire.


On a serious note, I would/will be keeping mine. Maybe sell my extras.

[Koreelove]

I will build a paper house out of mine :)

[DMBTattoo]

top since this seems to STILL be going on..

[PhishDMB]

top since this seems to STILL be going on..

....and going to get worse before it gets better

[DMBTattoo]

....and going to get worse before it gets better

i disagree...the ECONOMY is getting better however the demand for a chesszodiacbikeandmodeltoys series isnt as much as say the flower series.

[deludo]

i disagree...the ECONOMY is getting better however the demand for a chesszodiacbikeandmodeltoys series isnt as much as say the flower series.

true, but the flowers arent in high demand right now either...i just got a mint violin for $175

[DMBTattoo]

true, but the flowers arent in high demand right now either...i just got a mint violin for $175

i dont think any 2010 poster has sold over over that...prolly not even over 150...

[deludo]

i dont think any 2010 poster has sold over over that...prolly not even over 150...

wrigley ftw

[DMBTattoo]

wrigley ftw

:) print run 1250 number of attendees...id guess close to 50k you do the math..flippers delight

[PhishDMB]

i disagree...the ECONOMY is getting better however the demand for a chesszodiacbikeandmodeltoys series isnt as much as say the flower series.

No its not... its getting worse. We're going to slip back into recession

They overdid it with multiple undewhelming series' this year.

[DMBTattoo]

No its not... its getting worse. We're going to slip back into recession

They overdid it with multiple undewhelming series' this year.

I disagree with another recession. The stock market is steady and growing. People are spending money. There are TONS of jobs out there...however..people are lazy and "make more money" on unemployment versus an hourly job. Thats my opinion at least..I had 2 jobs last winter...just applied for another job this fall and hopefully will have 3 this winter...1 salary and 2 part time...I just applied at Starbucks...absolutely NO experience required.

[DMBdolphan]

true, but the flowers arent in high demand right now either...i just got a mint violin for $175

WTF?!?!?!? I've been looking for one forever and finally dropped $250 on 1 :(

[MUZZ]

WTF?!?!?!? I've been looking for one forever and finally dropped $250 on 1 :(

i think that was on ebay for $175

[MUZZ]

I just applied at Starbucks...absolutely NO experience required.

no, but shirts are.

[PhishDMB]

I disagree with another recession. The stock market is steady and growing. People are spending money. There are TONS of jobs out there...however..people are lazy and "make more money" on unemployment versus an hourly job. Thats my opinion at least..I had 2 jobs last winter...just applied for another job this fall and hopefully will have 3 this winter...1 salary and 2 part time...I just applied at Starbucks...absolutely NO experience required.

The stock market is not steady nor growing. Watch, by the end of next month we'll be well under 10k on the dow. People aren't spending money. The latest consumer confidence numbers are down, savings rates are still high, and the CPI is lower than it should be. There are serious deflation concerns in the US right now. The unemployment rate is still above 9 percent and the "recovery" we've seen has by-in-large been a jobless one. Company stocks have risen becasue they have successfully cut costs, not increased revenues. That and the housing market is still a mess. Forclosures are still rising, prices (and interest rates) are still falling, and new home starts are waaaaaay down. Underemployment (having a doctor go work at Starbucks for example) isnt much better than unemployment.

[PhishDMB]

no, but shirts are.

:lmao

[PhishDMB]

Today on Bloomberg
http://www.bloomberg.com/news/2010-08-25/durable-goods-orders-rise-less-than-forecast-in-u-s-as-investment-cools.html

[dythuger]

All they did was steal future sales with cash for clunkers and the new home owner tax credit. I dont think we are out of the woods yet.

[clwatt3]

New home sales tanked. People aren't building either.

[MIKESTELLA]

AWESOME analysis...couldnt have said it better


The stock market is not steady nor growing. Watch, by the end of next month we'll be well under 10k on the dow. People aren't spending money. The latest consumer confidence numbers are down, savings rates are still high, and the CPI is lower than it should be. There are serious deflation concerns in the US right now. The unemployment rate is still above 9 percent and the "recovery" we've seen has by-in-large been a jobless one. Company stocks have risen becasue they have successfully cut costs, not increased revenues. That and the housing market is still a mess. Forclosures are still rising, prices (and interest rates) are still falling, and new home starts are waaaaaay down. Underemployment (having a doctor go work at Starbucks for example) isnt much better than unemployment.

[DMBTattoo]

The stock market is not steady nor growing. Watch, by the end of next month we'll be well under 10k on the dow. People aren't spending money. The latest consumer confidence numbers are down, savings rates are still high, and the CPI is lower than it should be. There are serious deflation concerns in the US right now. The unemployment rate is still above 9 percent and the "recovery" we've seen has by-in-large been a jobless one. Company stocks have risen becasue they have successfully cut costs, not increased revenues. That and the housing market is still a mess. Forclosures are still rising, prices (and interest rates) are still falling, and new home starts are waaaaaay down. Underemployment (having a doctor go work at Starbucks for example) isnt much better than unemployment.

The market has been consistant...the dow has been at or right around 10k for the past year...nothing like it was when it dropped to 6600. Actually up from this point last year. If its under 10k at the end of this month so what..it was under 10k in the beginning of July too.

I disagree 100% with the "recovery" and the mentioned cash for clunkers/new home owner tax credit. Those are temp fixes which really didnt do anything except spike auto sales for a short time. I agree...this has been a test for large companies to get creative in cutting costs and reducing. It has worked for large companies like Apple, Direct TV, Starbucks...etc who are profitable.

I understand your underemployment example; I guess I was referring to others who are just milking the system claiming there are not jobs when there are. Yes, I have friends who are stuck in PT jobs because their field isnt promising right now...however I also have friends that have their pick at other full time jobs. I am not trying to bash anyone is is unemployed, if anyone is please dont take it as an insult.

[hirschy75]

Obama's f'n us up big time

[DMBNirvana]

Bush f'd us up big time

Fixed.

[DMBTattoo]

Obama's f'n us up big time

i dislike him and his ideas yes. Its not all to blame on Obama but the debt sure is piling up for future generations to deal with...

[hirschy75]

Fixed.

:lol noooooooooooo


i dislike him and his ideas yes. Its not all to blame on Obama but the debt sure is piling up for future generations to deal with...

Agreed it's not all his fault but I can' say that I've seen him to one decent thing while in office.

I'm glad he's on vacation instead of trying to fix the country... he could sure use a break ;)

[clwatt3]

Fixed.

But at least Iraq doesnt have nukes now. :rolleyes

[clwatt3]

I'm glad he's on vacation instead of trying to fix the country... he could sure use a break ;)

How often was Bush cutting brush on that ranch of his. Once a month it seemed.

[MIKESTELLA]

Bush sucked...no question about it....but Obama sucks much much more....there is no incentive anymore to bust your ass for stuff you want...cant pay your bills no problem....we will extend the period before you get booted....cant find a job you like...no problem unemployment extended... after the 1st of the yr new tax laws are in effect....FUCKING the people who work even more...marriage tax is back...estate tax is back...plus the change in the income brackets that fuck most people with good/above avg paying jobs....everything will be free for everyone soon enough...people need to be taught a lesson....total moral hazard here.....no accountability for ones actions!!!

[DMBTattoo]

:lol noooooooooooo



Agreed it's not all his fault but I can' say that I've seen him to one decent thing while in office.

I'm glad he's on vacation instead of trying to fix the country... he could sure use a break ;)

.....

[MIKESTELLA]

Yields on German and U.S. benchmark securities sank today as investors sought the safest assets. U.S. two-year Treasury yields, at a four-month high 1.18 percent on April 5, fell to a record low 0.4542 percent yesterday.

[hirschy75]

Bush sucked...no question about it....but Obama sucks much much more....there is no incentive anymore to bust your ass for stuff you want...cant pay your bills no problem....we will extend the period before you get booted....cant find a job you like...no problem unemployment extended... after the 1st of the yr new tax laws are in effect....FUCKING the people who work even more...marriage tax is back...estate tax is back...plus the change in the income brackets that fuck most people with good/above avg paying jobs....everything will be free for everyone soon enough...people need to be taught a lesson....total moral hazard here.....no accountability for ones actions!!!

:thumbsup

I didn't like Bush but I dislike obama more


How often was Bush cutting brush on that ranch of his. Once a month it seemed.

And I don't care that he went to his ranch for like a day or two... better than Obama taking 1 or 2 week vacations in Martha's Vineyard

I thought it was funny though that at Martha's Vineyard more "Bush: Do you miss me yet" shirts have sold than obama shirts

[DMBTattoo]

Bush sucked...no question about it....but Obama sucks much much more....there is no incentive anymore to bust your ass for stuff you want...cant pay your bills no problem....we will extend the period before you get booted....cant find a job you like...no problem unemployment extended... after the 1st of the yr new tax laws are in effect....FUCKING the people who work even more...marriage tax is back...estate tax is back...plus the change in the income brackets that fuck most people with good/above avg paying jobs....everything will be free for everyone soon enough...people need to be taught a lesson....total moral hazard here.....no accountability for ones actions!!!

bingo. This will destroy us eventually.

Instead let me work, pay a FLAT income tax, eliminate SS tax. Less govt intervention. Promote small business.

[MIKESTELLA]

DMBTat...totally impressed about you busting your ass and getting a couple of extra jobs....I would love to pick up a small PT job just for extra cash to burn but after getting up at 4 am and not coming home until 6-7 every night kinda wears you down a bit....wish more people would bust ass like you are...and still partying like a rockstar

[DMBTattoo]

DMBTat...totally impressed about you busting your ass and getting a couple of extra jobs....I would love to pick up a small PT job just for extra cash to burn but after getting up at 4 am and not coming home until 6-7 every night kinda wears you down a bit....wish more people would bust ass like you are...and still partying like a rockstar

haha thanks man. I gotta pay the bills (and hawks games!) and not getting a raise at my full time job stinks and rumor of it not happening again next year either...I need to make ends meat! During the winter last year I worked full time and did about another 30-40 hrs a week at my part time job...I dont think I have ever been more tired than I was the week before x-mas. Mall closes at 11PM that week. go home sleep work 8:30-5 then 5:30-close. repeat. haha. good times. Your reg schedule sounds busy as hell anyway!...maybe you should just flip posters on the side ;)

[MIKESTELLA]

wish i had something to flip really....nothing except a few old phish prints and only dythuger took one of those....totally thinking of getting rid of more than half my collection except the spade set and my Pollock phish posties....everything else can go

[DMBTattoo]

wish i had something to flip really....nothing except a few old phish prints and only dythuger took one of those....totally thinking of getting rid of more than half my collection except the spade set and my Pollock phish posties....everything else can go

ill skim through it first ;)

[trpnwillie]

I'm almost sorry I stepped in here. I think I'm going to side-step this discussion - if I get started, I won't stop.

[McGinnisM]

Wow. So much fun to read this thread.

[PhishDMB]

All they did was steal future sales with cash for clunkers and the new home owner tax credit.

Definitely true. Another negative externality of this is that is training the consumer to expect discounts or aid. This makes people more likely to withhold consumption because they think prices will go down/ the government will subsidize their purchases if they are patient. This increases the likelihood of deflation.


The market has been consistant...the dow has been at or right around 10k for the past year...nothing like it was when it dropped to 6600. Actually up from this point last year. If its under 10k at the end of this month so what..it was under 10k in the beginning of July too.

The stock market isn’t a good indication of fundamental strength of the economy. It’s more like the aggregate of investor’s expectations of the strength of the economy (plus a myriad of other factors, of course). Just because the Dow is up slightly from a year ago means little, as it has been very volatile. This VIX Index is often referred to as “the fear index.” As you can see investors are substantially less confident (or more fearful). I’m saying it will be waaay under 10 in a month, closer to 9k… and it will stay down there. We’re looking over a cliff on the dow right now. I’m moving into a 100% cash position at the end of Sept.

Sorry, couldnt get the pic to show
http://finance.yahoo.com/q/bc?t=1y&s=%5EVIX&l=on&z=m&q=l&c=&c=%5EDJI



I disagree 100% with the "recovery" and the mentioned cash for clunkers/new home owner tax credit. Those are temp fixes which really didnt do anything except spike auto sales for a short time. I agree...this has been a test for large companies to get creative in cutting costs and reducing. It has worked for large companies like Apple, Direct TV, Starbucks...etc who are profitable.

Profitable companies don’t fix the economy. Profitable companies that are creating jobs do.


Bush sucked...no question about it....but Obama sucks much much more....there is no incentive anymore to bust your ass for stuff you want...cant pay your bills no problem....we will extend the period before you get booted....cant find a job you like...no problem unemployment extended... after the 1st of the yr new tax laws are in effect....FUCKING the people who work even more...marriage tax is back...estate tax is back...plus the change in the income brackets that fuck most people with good/above avg paying jobs....everything will be free for everyone soon enough...people need to be taught a lesson....total moral hazard here.....no accountability for ones actions!!!

I agree that Obama has had a few missteps, but I strongly disagree with your statement that Obama sucks way more than Bush did. Bush inherited the best economy this country has even seen. We were going to be out of debt in 10 years. He squandered our budget surplus instantly by cutting taxes for the rich (I agree that some of the taxes needed to go, ie: marriage and the double taxing on capital gains, but he went waay to far and was paying back those who gave to his campaign. The estate tax is completely legit and should have never been repealed.) Never mind the war and all of the environmental deregulation that ensued. Bush spent more than every other administration in the history of the US combined (until Obama of course)… and during that time took the strongest economy in American history and turned it into the second worst recession in US history (and the very first global recession).
Yes Obama is spending his face off, yes we are going to have to pay for this in future generations, Yes inflation will be a concern if the fundamental economy ever recovers , but at least this trillion dollars was spent at home (unlike the trillions we spent in Iraq). So while we have a ton of debt, at least we will have newer infrastructure, an updated electrical grid, a better healthcare system (Im talking about electronic medical recors and nothing else, so don’t take this thread down the healthcare rat hole), and energy efficient buildings. (among other domestic improvements).
In short Bush takes best economy in history and turns it into 2nd worst. Obama inherits 2nd worst and is trying to bring it off life support (by stimulating the economy). I was for the first stimulus package (tepidly). I am dead set against another one.


...people need to be taught a lesson....total moral hazard here.....no accountability for ones actions!!!

I couldn’t agree with this part of your statement more. The economy is cyclical. We (as a nation) lived waaay beyond our means over the past decade, now the time has come to pay that bill (it’s the hangover after your night of raging at wildhorse). You have to sleep in the bed you make (or any other number of relevant clichés.)

The problem here though is the banks that are “too big to fail”. They received most of the bailout money and many are already back up to their old tricks (suspect derivatives, risky bets, etc etc). That culture of greed in the banking system hasn’t gone anywhere and in my opinion the investment bankers are the ones that need to learn the moral hazard lesson the most.

[DMBNirvana]

Dude that was a helluva post. Nicely done

[clwatt3]

Dude that was a helluva post. Nicely done

My head is still spinning.

[dythuger]

And I don't care that he went to his ranch for like a day or two... better than Obama taking 1 or 2 week vacations in Martha's Vineyard






Veteran CBS News White House correspondent Mark Knoller, a fastidious keeper of presidential statistics, has kept count. By his tally, Obama has embarked on nine "vacations" since taking office, bringing his total days off to 48. Some of those trips lasted a day and some, like his Christmas holiday in Hawaii, more than a week.

By comparison, Bush had visited his ranch in Crawford, Tex., 14 times at this point in his administration and spent 115 days there. And yes, Democrats let him have it, too, complaining that he was a chronic vacationer.



.

[clwatt3]

.

Nice search.

[PhishDMB]

thanks dythuger.... saved me from having to find those stats. Im not positive on this stat, but I swear I remember hearing/reading that G. W. took more vacation time then any other president. ever.

[dythuger]

thanks dythuger.... saved me from having to find those stats. Im not positive on this stat, but I swear I remember hearing/reading that G. W. took more vacation time then any other president. ever.



I haven’t the foggiest idea whether the public will actually hold a 10-day break against the president, but this even being a subject of discussion is bizarre.

George W. Bush presided over two recessions, two wars, 9/11, and Hurricane Katrina — but he still managed to take more time off than any president in modern history. While Bush was in the White House, he tended not to work too hard — he was known for scheduling plenty of time for exercise during the day, and liked to knock off early — but Bush also spent time away from the White House with a frequency unseen in generations, taking more and longer breaks than any of his 20th-century predecessors.

Before 2000, the president with the most vacation time in the modern era was Reagan. Bush not only beat Reagan’s record, he did so with 17 months to spare. Spanning his two terms, Bush spent 487 days at Camp David, and 490 days at a ranch in Crawford. That’s a total of 977 days — about a third of his overall presidency.

And Republicans are going after Obama’s down time? Seriously?

….Note, Bush took all this time off during a period that included the attacks of 9/11 and the launch of a war in Afghanistan. Hell, a terrorist tried to blow up an American passenger jet in December 2001, and Bush not only stayed on vacation, he didn’t even mention the incident for nearly a week.

Does the GOP really want to start a discussion about who qualifies as “The Clark Griswold president”?



http://www.washingtonmonthly.com/archives/individual/2010_08/025323.php

[PhishDMB]

...and now the Hindenburg Omen has been triggered...twice this month. (almost) Definitely bad news for the stock market

http://finance.yahoo.com/tech-ticker/the-hindenburg-omen-is-scary-but-so-are-the-fundamentals-535367.html?tickers=^DJI,^GSPC,XLF,FXE,XHB,TLT,GLD

[Mave Datthews!]

no, but shirts are.
:lmao

[MIKESTELLA]

VERY WELL WRITTEN POST!!!! are you going to Wrigley?? Would love to talk more nerd shit with you there so we dont bore the rest of these folks....did yuo go to a top tier university??



Definitely true. Another negative externality of this is that is training the consumer to expect discounts or aid. This makes people more likely to withhold consumption because they think prices will go down/ the government will subsidize their purchases if they are patient. This increases the likelihood of deflation.



The stock market isn’t a good indication of fundamental strength of the economy. It’s more like the aggregate of investor’s expectations of the strength of the economy (plus a myriad of other factors, of course). Just because the Dow is up slightly from a year ago means little, as it has been very volatile. This VIX Index is often referred to as “the fear index.” As you can see investors are substantially less confident (or more fearful). I’m saying it will be waaay under 10 in a month, closer to 9k… and it will stay down there. We’re looking over a cliff on the dow right now. I’m moving into a 100% cash position at the end of Sept.

Sorry, couldnt get the pic to show
http://finance.yahoo.com/q/bc?t=1y&s=%5EVIX&l=on&z=m&q=l&c=&c=%5EDJI




Profitable companies don’t fix the economy. Profitable companies that are creating jobs do.



I agree that Obama has had a few missteps, but I strongly disagree with your statement that Obama sucks way more than Bush did. Bush inherited the best economy this country has even seen. We were going to be out of debt in 10 years. He squandered our budget surplus instantly by cutting taxes for the rich (I agree that some of the taxes needed to go, ie: marriage and the double taxing on capital gains, but he went waay to far and was paying back those who gave to his campaign. The estate tax is completely legit and should have never been repealed.) Never mind the war and all of the environmental deregulation that ensued. Bush spent more than every other administration in the history of the US combined (until Obama of course)… and during that time took the strongest economy in American history and turned it into the second worst recession in US history (and the very first global recession).
Yes Obama is spending his face off, yes we are going to have to pay for this in future generations, Yes inflation will be a concern if the fundamental economy ever recovers , but at least this trillion dollars was spent at home (unlike the trillions we spent in Iraq). So while we have a ton of debt, at least we will have newer infrastructure, an updated electrical grid, a better healthcare system (Im talking about electronic medical recors and nothing else, so don’t take this thread down the healthcare rat hole), and energy efficient buildings. (among other domestic improvements).
In short Bush takes best economy in history and turns it into 2nd worst. Obama inherits 2nd worst and is trying to bring it off life support (by stimulating the economy). I was for the first stimulus package (tepidly). I am dead set against another one.



I couldn’t agree with this part of your statement more. The economy is cyclical. We (as a nation) lived waaay beyond our means over the past decade, now the time has come to pay that bill (it’s the hangover after your night of raging at wildhorse). You have to sleep in the bed you make (or any other number of relevant clichés.)

The problem here though is the banks that are “too big to fail”. They received most of the bailout money and many are already back up to their old tricks (suspect derivatives, risky bets, etc etc). That culture of greed in the banking system hasn’t gone anywhere and in my opinion the investment bankers are the ones that need to learn the moral hazard lesson the most.

[deludo]

VERY WELL WRITTEN POST!!!! are you going to Wrigley?? Would love to talk more nerd shit with you there so we dont bore the rest of these folks....did yuo go to a top tier university??

:ohno...just a $1.50 in late charges at the public library

[DMBTattoo]

bumping this thread brought good convos eh!?? :)

[PhishDMB]

:ohno...just a $1.50 in late charges at the public library

hahahaha awesome Good Will Hunting reference.

[PhishDMB]

VERY WELL WRITTEN POST!!!! are you going to Wrigley?? Would love to talk more nerd shit with you there so we dont bore the rest of these folks....did yuo go to a top tier university??

I wish I could pull Wrigley off. The GF and I are trying to save for a house and Phish Halloween in AC. I'm only a PM away and am always down for lively econ discussion.

It depends on your definition of "top-tier". I went to Northeastern in Boston. Not Ivy league by any means, but it is top 100.

[vortec42]

So... you're saying I should sell sell sell? Joking. but not really.

[PhishDMB]

So... you're saying I should sell sell sell? Joking. but not really.

Stocks, probably. Posters, never.

[hirschy75]

.

Touche

[PhishDMB]

I’m saying it will be waaay under 10 in a month, closer to 9k… and it will stay down there. We’re looking over a cliff on the dow right now. I’m moving into a 100% cash position at the end of Sept.



So much for this prediction. I still say the economy is looking over a cliff though... just waiting for the show to drop. I don't understrand why the dow and nasdaq a re still growing when there hasnt been any signs that the fundamental strength of the economy is increasing.

Im glad that I only moved into a 50% cash position at the end of september and not 100%

[DMBTattoo]

So much for this prediction. I still say the economy is looking over a cliff though... just waiting for the show to drop. I don't understrand why the dow and nasdaq a re still growing when there hasnt been any signs that the fundamental strength of the economy is increasing.

Im glad that I only moved into a 50% cash position at the end of september and not 100%

I would say we are fine...

[PhishDMB]

I would say we are fine...

based on?

[DMBTattoo]

based on?

Methane successfully selling over market value prints :) lol

[PhishDMB]

Methane successfully selling over market value prints :) lol

well played, sir

[DMBTattoo]

well played, sir

:)