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Post subject: Financial Crisis And Fender
Posted: Mon Sep 29, 2008 5:43 pm
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Many of us may have banked with or had a mortgage with Countrywide, WaMu, Wachovia, Indymac or some of the other banks that are going down. This financial crisis is the biggest since WWII and a lot of crazy stuff is going to happen. With Congress voting down the bailout, nobody knows what's going to go down now. A lot of places are going to go belly up. Well, one selfish concern of mine is Fender because I like their gear and use it. Like a lot of companies, Fender may depend on the money markets and bank loans to fund itself. Any business can run into a liquidity crunch. If Fender does run into one, they should write to Warren Buffett at Berkshire Hathaway in Omaha. Fender has a unique product with a clear place in the music world. Since it's unique, Fender is the kind of company Buffett might be interested in buying a stake in. Fender's franchise is so strong that after being left for dead by CBS, with just a little bit of savvy Fender came roaring back and brought many of us great stuff. I wish everyone well during this meltdown.

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Posted: Mon Sep 29, 2008 9:11 pm
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I wouldn't worry too much about a corporation with a solid rep and product. When you have to pawn your last guitar and amp for food money, THEN I'd worry. Especially if it was me.


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Posted: Mon Sep 29, 2008 9:22 pm
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When that day comes, you will find me at Grand Central Station with my Pignose

"You can have my Fender, when you pry it from my cold dead fingers"

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Posted: Mon Sep 29, 2008 9:27 pm
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Blue Jay Way wrote:
When that day comes, you will find me at Grand Central Station with my Pignose


Oh, don't be so hard on yourself...

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Or did you mean the amp? :P


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Posted: Tue Sep 30, 2008 6:19 am
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I think that prices will go up unfortunately- the financial crisis and gas shortage could drive production and distribution costs up... do you know what I mean? Despite that, I am so glad to get the American guitar right now. I would have really regretted buying something else at this time. The price of an LP has gone up $100, in a days time in some places. I sure am glad I bought before that happens - even though I can totally understand why that could happen. :?


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Posted: Tue Sep 30, 2008 6:40 am
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I would think that just by the fact that Fender's products are way less expensive than, say, some one like Caterpillar, liquidity problems shouldn't bother them as much. Worst case is only people with money saved up can buy a guitar.

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Posted: Tue Sep 30, 2008 8:54 am
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I don't worry. Fender puts out an actual product of good value. If you are worried buy American! 8)


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Posted: Tue Sep 30, 2008 10:07 am
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Employment can get hit if the companies really can't finance their payrolls and so forth from what I saw on the news. I've got a fallback plan. If you see me out in SoCal with my self-relc'd Highway Strat and a little Blues Junior, please don't forget to put a dollar in the hat.

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Posted: Tue Sep 30, 2008 11:13 am
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strat58cat wrote:
Employment can get hit if the companies really can't finance their payrolls and so forth from what I saw on the news. I've got a fallback plan. If you see me out in SoCal with my self-relc'd Highway Strat and a little Blues Junior, please don't forget to put a dollar in the hat.


+1 I'll just hitch-hike my way to the "end of the rainbow" (Key West) and play out on the streets.

A bit of Key West trivia... the average panhandler recieves $100/day in Key West... About the same as the average waiter/waitress.

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Posted: Tue Sep 30, 2008 12:31 pm
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Some form of "Bail Out" will eventually get passed. I think Fender will do alright. The Corporation has weathered worse storms and pulled through stronger than it was before.

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Posted: Tue Sep 30, 2008 3:37 pm
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Key West sounds like the place. Warm there in the winter. We won't be beggars; we'll be performers.

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Posted: Tue Sep 30, 2008 4:11 pm
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strat58cat wrote:
... If you see me out in SoCal with my self-relc'd Highway Strat and a little Blues Junior, please don't forget to put a dollar in the hat.


Well if you need a bass player ... I can wheel my Bassman 210 around (and maybe it can double as one of those street vendor carts :)

I'm not sure if the stats translate, but spending on entertainment increases at least in the movie biz when the economy is down. So it's possible that people will buy musical gear when alternatives become pricey. You can easily get a reasonable (say Squire) guitar for the price of dinner for two on a Saturday night. I think the psychologists also say that entertainment has the obvious value of taking people's minds off the economy.


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Posted: Tue Sep 30, 2008 5:14 pm
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Don't blame Bush for the current financial crash. He's a buffoon but he's not that powerful.

The current fiasco can be directly traced back to the Democrats doorstep.

1993 the Dems push the "Community Reinvestment Act" saying that lenders have to make mortages to low income borrowers even if they have crappy Credit.

1995 (Clinton is Prez) The Deomocrats "regulate" the Community Reinvestment Act. Now Banks are required to make a set percentage of their loans to low income borrowers regardless of their credit history or ability to successfully make the payments. If the banks don't do this, they will be heavily fined.

Alan Greenspan tried to talk them out of it and put limits on the loans. The Democrats in Congress shut him down.

Bush the Buffoon tried to establish regulations that limited the amount of the loans. The Dems again said it was unfair and voted it down.

The greedy banks are at fault, and the Democrats in Congress are at fault. Do some research and you'll see it's the truth.

Play loud play proud

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Post subject:
Posted: Tue Sep 30, 2008 6:51 pm
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The way I see it, the economy will eventually stabilize itself eventually. It happened during the Great Depression, so it can happen now right?


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