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Tough Times Ahead?

Discussion in 'General Yachting Discussion' started by Loren Schweizer, Jun 28, 2007.

  1. Loren Schweizer

    Loren Schweizer YF Associate Writer

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    On this rainy morning, the economic news is that US GDP growth is the lowest in four years: a rather skinny 0.7% real annual pace.
    Then, core inflation reared up to an unexpected 2.3%, higher than expected by the prognosticators of the bleak science.

    Is it a coincidence that today a 161' Trinity Tri-Deck new build that completes in six months (hey, you won't have to wait for three years) is now available for only $28,000,000?

    I thought the wealthy were immune to our current economic malaise...
  2. brunick

    brunick Senior Member

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    *hm*

    *ironic on*
    You think i could press the price down to 12 million €?
    Thats the money in the lottery. :)
    *ironic off*

    Seems like some peoples money doesn't get more but less. Happy to hear that not just the "unwealthy" get screw by the inflation. Which Trinity is this? Going thru the production list it must be MUSTANG SALLY?

    PS:just found out in EUR its just 20.720.000 €
  3. cognac

    cognac Senior Member

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    The wealthy may be immune but the speculators may not be. (in layman's language, the bubble may be about to burst???????????)
  4. YachtForums

    YachtForums Administrator

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    I think subprime woes are going to be a problem going into the 2nd half of ’07, and then continuing steadily throughout 2008. The chart below shows ARM’s scheduled to reset over the next 73 months. Currently, we’re in month 6 on this chart.

    In a historical first, lenders are now trying to "work" with their customers to prevent defaults, but it may not be enough to halt the rising tide foreclosures. We’re now beginning to see the fallout of speculation by flippers and non-resident investors.

    Shamefully, the lending community lured consumers into home equity lines, or cash-out refinances. With this source of economic stimulation drying up, it will likely have a trickle down effect, rapidly slowing sectors we can’t even begin to predict.

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  5. blazeboss

    blazeboss New Member

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    dont worry be happy

    I am sure Trinity could put you in a yacht while you wait for yours to be completed. But you need to act soon as the gap widens between the top 300,000 income earners and the other 150,000,000 whom they exceed widens the g.np. Won't really mean a g.d. thing. But is the truth! Are you aware Loren the Federal Reserve is a private bank and solely responsible for inflation as well as deflation and the biggest scam ever perpetrated on the American people? Yep, voted into existence while congress was on vacation. But unless you can show me pictures of the jet that supposedly hit the pentagon on 9/11 it was finally exceeded... peace.
  6. Loren Schweizer

    Loren Schweizer YF Associate Writer

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    I have no doubt that some fortunate soul will make a nice deal for that Tri-Deck.
    What I'm seeing, overall, is that the boats--large and small--that are selling are those that represent "good deals", i.e., they're going for noticeably less money than expected.

    BTW, long before the Federal Reserve was formed, inflation existed, and not just in the U.S.. The classic definition was, and still is, too many dollars chasing too few goods. And, as long as I'm up on my soap box, the leading cause of inflation right now in the U.S. is rising labor costs.

    Bottom line is this: Be a patriot, help our economy--buy a yacht!
  7. blazeboss

    blazeboss New Member

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    Walmart yacht

    Yes Loren, the leading cause of inflation is greed i.e. oil cost the most labor offshore to avoid American cost and liability laws. So what actual labor remains has to earn more to keep their respective heads above water not to thrive but survive. So the next time you need an affordable yacht it will be at Walmart, built in Taiwan with a Chinese label because that's what's next. Any patriots out there have a picture of the jet that hit the pentagon?? Time to wake up kids. It was a Patriot missile that hit the pentagon! Soap box always open for truth... peace.
  8. Arniev

    Arniev Senior Member

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    Hi, Loren.
    What's the name of this new-build?
    I'm sure this Trinity will be easily sold.
    With 946 Billionaires around, there's no shortage of potential buyers.
    (2007 Forbes Magazine Billionaires total of 946, compared to 793 in 2006.)

    Arnie
    :)
  9. Loren Schweizer

    Loren Schweizer YF Associate Writer

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  10. YachtForum

    YachtForum YachtForums Publisher

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    And I just read on a news site that 9.5 million people worldwide have a net worth over 1 million.

    Suddenly... I feel like I'm in welfare.
  11. OutMyWindow

    OutMyWindow Senior Member

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    ...............

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  12. OutMyWindow

    OutMyWindow Senior Member

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    Thanks but I'm already a Millionaire and currently a bored one, maybe this Broker can be my sport.
  13. brunick

    brunick Senior Member

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    now i'm feeling a bit more like i'm on a welfare...
    but, how can a millionaire be bored?

    or is it that i'm talking to somebody some more years older than i think? (don't have to answer that ;))

    broker as sport...

    -.-