Tuesday, December 9, 2008
Fast Foward Sixty Days
On February 9, 2009, President Obama will be entering his third week as Commander in Chief of our military and CEO of our economy. What will have changed? The most important change will be consumer optimism about the future. The new President will probably get a six month honeymoon from the public. We will all be looking for immediate change. We will see a unified government as Congress will pass new laws and the President will immediately sign them. The fiscal package that will be signed on January 20, 2009 will probably spend over $500 Billion to create new jobs in the next two years. I expect consumer spending to increase as more people feel secure about the prospect for better times ahead. What about the financial markets?
I believe that we will probably see signs of an easing credit crunch. Corporate profit reports for 2008 will be terrible, but in the past. All of this sounds like a much higher Dow Jones. The key to this will be the performance of our new President and how he changes the negative psychology in the world. We will have to wait.
Random thoughts...President Bush just bought a mansion in Dallas....I wonder if Jeb Bush will be running for Senate in Florida...We have such high expectations for the new President....Is Depression talk and Deflation off the table now?...the market has been up for seven of nine days....this is the Christmas rally....remember that the first five days of January indicate performance for the year...Will GM have a new CEO in 2009?...what other CEO's will be gone next year?...how did Sam Zell make a mistake on the Tribune Company?
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Description Of Work Performed Average Costs
(Cost May Very)
Nail down wood floors $3.00 S/F
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Screen and coat (buff and top coat) $1.25 S/F
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Remove carpet (includes tack strip & pad) .25 SF
Floor preparation $60.00 hour
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Appliance movement³ $30.00 each
Furniture movement Varies
Nail down floors $2.00 S/F
Glue down floors $3.00 S/F
Floating floors $1.00 S/F
Ceramic tile $3.50 S/F
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