Originally posted by travlin'easy:
Jerry,
While there is a lot of BS above, keep in mind the restaurant biz is very unstable, even when the economy is going great. Restaurants, nite clubs, bars, etc.., have an incredibly high rate of failure--that's a fact. Most of the restaurants in this part of the world are still jammed to capacity, and the bailout seems to have no effect one way or another on them. And, if anyone really believes the bailout program is working, take a good look at what the stock market did this past week. I'm sure you will find another location to fill the gap, and even during difficult financial times there is always a way to keep the money flowing in your direction.
Good Luck, and I sincerely hope things work out for you,
Gary
ITS early in the process. There are Resturants in NY that are not getting the business on Wall Street. Main street will soon follow. This kind of thing creeps on on the individuasl slowly.
Frozen HELOCs are just the beginning.
THESE ARE THE RAINY DAYS WE WERE TOLD TO SAVE FOR.
Retirees in Bonds should be fine. I say let the cards fall as they may and start again. Let the banks fail. Our Banks are fine, Small bamks that were very tough on home motgages. As long as there isnt a run on them all will be fine. The Market offers a HUGE opportunity right now there are 50% discounts on companies that will not go out of business.
If you are young and have 10 years you can amass some decent coin as the market recovers, You just have to know when to sell.
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