The recession - give up biking?

[Finn]

now employers have a great excuse to trim a bit of fat "arhh sorry mate we gotta let you go recession and all that"

The redundancies will continue until moral improves!

Tis true that companies should be trimming fat now (kiwi companies are notoriously fat and inefficient) but the majority are trimming in all the wrong areas.

[MarkH]

I just had a large investment mature. really bad time to reinvest...

Really good time to invest in new bikes!

[BarBender]

Unfortunately, the recession is not only real, but it's just started....NZ and Aus are to some extent buffered, but it will come here...

+1

Doubt I would get what I wanted if I decided to sell the bike - so it stays in the garage.

The occassional chat with colleagues in the States suggests they are heading for the dogbox. Obviously media portrayal plays a part but that portrayal is now becoming a reality with unemployment almost 7%, longer job lines, empty restaurants and growing sense of doom and gloom amongst people.

I'd question the triming fat analogy. Id suggest that for some businesses in NZ its more a case of survival than getting rid of rotten apples. Friend recently applied for specialised middle-management role. Normally in a role like that you'd see about 20-25 applicants. After 2.5 months she's in the final 4 of 226 applicants. Unheard of in my 20 years of working in HR for that type of role.

I agree with Edbear - Its coming.

[my_r32]

Since I work with all you buggers mail, I can see you aint sending much.... now we wont have redundancies at work, since we need all our workers, but if someone leaves, they just aren't going to be replaced any time soon. Mail volume overall is down about 10-20% from this time last year. Recession is definately here


.....but that wont stop me from riding or get me to sell any of my toys

[yungatart]

I kinda think the recession thing is heavily media driven, and a lot of paranoia in it.

I agree with you here, Dooly, but...isn't that all it takes?
The media drives fears of a recession, so people stop spending as much, because the media says there is a recession, and, what do you know?...we have a recession....
Pretty slow in our business....

[Morcs]

Anyone got Kiwisaver?
Was just looking at the return rates... probably the same for all companies, lets just hope you chose the lowest risk/lowest return group eh.

The table shows the ASB KiwiSaver fund performance results as at 31 December 2008.

Investment Fund	3 Months	6 Months	1 Year	Return Since Inception
ASB KiwiSaver NZ Bank Deposit Fund	1.85%	3.94%	8.46%	8.41%
ASB KiwiSaver Conservative Fund	0.89%	1.94%	2.11%	2.07%
ASB KiwiSaver Moderate Fund	-4.33%	-4.13%	-6.73%	-6.47%
ASB KiwiSaver Balanced Fund	-8.65%	-10.18%	-15.19%	-14.32%
ASB KiwiSaver Growth Fund	-12.58%	-15.82%	-22.68%	-21.18%

[Brett]

What reccesion, hyped up media loaded up with buzz words isnt a recession, people have always become redundant, now employers have a great excuse to trim a bit of fat "arhh sorry mate we gotta let you go recession and all that"

Bollocks go out spend up large its all sweet

I was saying that too. Thing is, those of us/you with jobs think everything is fine. It is those who have lost their jobs that feel it. I am in the boat where I am well qualified for my industry (construction project management) and have a good grounding of experience (given the fact I have only got 6 years experience) and I also have good references. I know of a few guys and girls like myself, and we are all finding the same thing. I have applied for numerous jobs, every single one of those positions I have applied for have a few weeks later noted that they are no longer hiring for that position, they are waiting out the current economic climate.
I am smart, articulate, I have a fairly wide base of business experience as well as construction experience, I am willing to work (WANT TO WORK) I have good references and yet I can't find something. Bad luck? Maybe.

The other indication for me is to look into starting a business of my own, have a few ideas, have had them for a few years now. Looking at the stats (which, yes, can be worked whichever way you want them to be) and after a bit of analysis I always come to the conclusion that it is too risky at present...and I am a risk taker.

I dont think we are in the huge toilet bowl that everyone keeps saying we are, but things are definitely not too cool at present.

[Brett]

The redundancies will continue until moral improves!

Tis true that companies should be trimming fat now (kiwi companies are notoriously fat and inefficient) but the majority are trimming in all the wrong areas.

That is because they listen too much to their accountants IMO.

[martybabe]

I've lived through a shed load of boom and bust times and whilst I love bikes, for me they are a luxury, real hard to justify when you've got little hungry mouths to feed, vital transport not withstanding.

I would have to say yes, if the black clouds of misery and hardship swirl over my house once again, the bike will have to go, there are simply more important things to consider when the cash stops flowing. Would I be happy about it? Hell no! and I'm sure not jumping ship until I'm left with no alternative.

Is the recession going to be as bad as predicted, only time will tell but it is a fact that a lot of people will be facing redundancies and that sure makes it clear what life's priorities are. Keep an eye on the storm clouds guys .

[spookytooth]

Sell my bike? fuck that took too many years of wanting one again to go selling it again

[Candle]

fuck selling the bike. i sold the car to get me threw the so called recession. You save so much time gas money with a bike besides you've still gotta be able to pick up chicks an the bike does it every time over the car

[neels]

Sell my bike? fuck that took too many years of wanting one again to go selling it again

I agree completely with that statement.

There is definately a slowdown, mainly because the supply of easy money has dried up so there's no capital for anything at the moment. A quick read through the liquidation notices for building companies in the paper can tell you that.

But with interest rates so low it seems like a great time to get further in debt and buy more property.

[Subike]

Fortunaltly the wine industry just can not stop grapes growing.
They just keep growing and need to be looked after.
The wine industry is a constant when compared to other industries.
The company that owns the vineyard I work for is the largest in the world, recently taking over several spirit manufactures.
Peno Ricard will survive a recession, so even though my job is a min wage job, it will continue.
Its funny that the people moaning the most are the ones who have never held a spade in their hand for more than a day, dont know what a good hard days work is all about.
Sell my bike,
I would never get what it is worth to me, so no.

[kiwi cowboy]

I just had a large investment mature. really bad time to reinvest...

you could give it to me

[Shadows]

Fortunaltly the wine industry just can not stop grapes growing.
They just keep growing and need to be looked after.
The wine industry is a constant when compared to other industries.
The company that owns the vineyard I work for is the largest in the world, recently taking over several spirit manufactures.
Peno Ricard will survive a recession, so even though my job is a min wage job, it will continue.
Its funny that the people moaning the most are the ones who have never held a spade in their hand for more than a day, dont know what a good hard days work is all about.
Sell my bike,
I would never get what it is worth to me, so no.

When times get tough people drink more. You're safe.