Finally this year is ending. The banks got their bailout with few strings attached, the Big 3 got a bridge loan with too many strings. Our roads can't get plowed because there is a deficit in the cash flow for that area because part of car sale taxes went into that coffer. We are totally caught in a Catch 22. Economists keep revising outlook for when the economy will swing up, maybe the new administration will sweep in with a positive change and people will feel optimistic. Of course if you can't get approved by the financial market for a car or home loan we will simply sit. Why in the world would GMAC get bank status when then are an arm of General Motors? Those sharks aren't even approving loans for GM cars!
I'm tired of the upbeat christmas card letters of all the wonderful things people and their families are doing. I thought about writing one about job losses, closing stores, cancellations of internet service, doing away with land phone lines since they have a cell, health issues, medical bills and people tapping into retirement savings to catch up on bills. Now I'm hearing of people who have received a letter from the credit card companies raising their interest rates, on top of increases in late payment fees etc. no wonder it is more of a bah humbug year than Happy Holidays!
On the brighter side having a 25% sale at the antique booth has increased sales tremendously. Thanks to the mall owners for allowing a sale in December.
eBay has been a good venue this year for increasing profits over last and overall a better profit for the antiques and collectible "business". People are buying the odd items not the traditional flow blue or transferware pieces. A Quinella Bet sign from a race track sold while a beautiful cut lead glass 1850's decanter awaits a good home. Variety is the spice of life.
Monday, December 29, 2008
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