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Old 09-23-2008, 10:24 PM   #1
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Is anybody else on this ride? Someone needs to deploy a storm anchor!
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Old 09-24-2008, 01:01 PM   #2
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Is that a picture of a rogue wave? I don't think the book's been written on this kind of heavy weather sailing.
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Old 09-24-2008, 05:48 PM   #3
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Yeah...no doubt! Strange times are afoot.
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Old 09-27-2008, 07:13 PM   #4
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What is happening is turning everything sour for me. I am not in the market, but my business had just started to accelerate this year. It has dropped to zero.

I owned my home outright, and took 60% to open my business. The 40% left has dropped to around 15%. Thank goodness the boat is paid for. I am going to sit tight for 6 months. I will then make the decision to just go to sea, or hang on a little longer.....OUCHHHHHHH!
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Old 09-27-2008, 08:07 PM   #5
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It is strange though. What is bad for one seems to be good for another. I have cash to buy a house here in Spain but I believe that the bottom is going to drop out of the market here too. It has already started to fall so if I am patient and wait a year or two maybe I will be able to get a nice place at a very reasonable price.

On the other hand, I and my sister share my mother's house and that has dropped a lot in the past year; so much so that we decided not to sell it after our mother passed away but to let it and ride out the bad times. I think we will be hove-to for quite a while.

Aye // Stephen
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Old 09-29-2008, 09:45 PM   #6
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Monday.

Today is the first day we've felt really pessimistic. I've stopped working on a winter trip for us until we can feel a bit more optimistic about money. Damn!
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Old 09-29-2008, 10:30 PM   #7
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What a ride today... Dow down 777.6.!!!!!!!!!

Like Imagine said, Good thing the boat is paid for!
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Old 09-29-2008, 10:45 PM   #8
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Time to go sailing?
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Old 09-29-2008, 11:39 PM   #9
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Quote:
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Time to go sailing?
Maybe so ...it's not a bad option really.
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Old 09-30-2008, 12:41 AM   #10
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Quote:
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Maybe so ...it's not a bad option really.
good option...except the cruising kitty is taking too much "active" management rather than the kind of buy-and-hold that lets one wander off for a while.
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Old 09-30-2008, 07:30 AM   #11
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good option...except the cruising kitty is taking too much "active" management rather than the kind of buy-and-hold that lets one wander off for a while.
I plan on stepping up the progress on "Island Seeker" due to the recent news. I saw this coming but not this soon, maybe a few too many hours spent staring and dreaming rather than accomplishing. Must finish boat! Soon!

Everyone keep an eye on China, if they switch to backing the Euro, we are in for a new chapter in the history of America, OPEC will follow China and the Mexican peso will be worth a fortune compared to the American dollar! Can you say "depression"?

Thanks allot Washington! Wallstreet! The Federal Reserve! Politicians everywhere! Republicans, Democrats! Etc. Etc. Etc. ...

Wait, ...Oh Yea, Finish the boat...Finish the boat. Arrrrrghh!!!!
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Old 09-30-2008, 11:51 AM   #12
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Unfortunately, the US is not the only country to suffer from this financial disaster - the results of years of mismanagement, will no doubt have catastrophic effects on many of the poorest countries whose exports to the US will disappear.
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Old 09-30-2008, 05:28 PM   #13
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On the other hand, if the value of the Euro increases as a result then there is a chance that the poorer countries will experience greater exports to Europe.

Hopefully, the market will soon find a balance, which would be best for everybody. What annoys me greatly with the current situation is that we (ordinary folks everywhere) will be bearing the cost of bailing out the bankrupt corporates whilst the people who are responsible for this will probably end up with 'golden handshakes' or fat pensions. There is no justice out there!

Aye // Stephen
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Old 09-30-2008, 06:43 PM   #14
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Islandseeker,

In the past couple of months I have picked up the pace on boatwork. In 6 months she should be cruise ready, and ready for passages. A friend once told me. Man makes plans, and God laughs!!!!!!!!!!!!!!!!!
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