CEA honcho discusses economic crisis - bit-tech.net Forums

Tim S · 8th Jan 2009, 21:04

http://www.bit-tech.net/news/2009/01...mic-slowdown/1

CES 2009: Gary Shapiro, president of the CEA, spoke this morning about how the global economic slowdown will affect the consumer electronics industry through 2009.

LordPyrinc · 9th Jan 2009, 01:31

The electronics industry may suffer during this crap, but in the US the fault lies in the loans and banking industry as well as a shady stock market. The whole 401K idea here has f-ed over many people getting close to retirement. Before this crap, I thought I wasn't doing enough to invest my savings, but now I'm glad I retained more of my assests in bank accounts rather than pumping my money into my 401K. Pay off your bills and creditors first. Make sure you have enuf cash to survive an unexpected loss of a job.

8th Jan 2009, 21:04	#1
Tim S Pewlius Caesar bit-tech Staff Join Date: Nov 2001 Location: Ascot, Berks Posts: 18,021	CEA honcho discusses economic crisis http://www.bit-tech.net/news/2009/01...mic-slowdown/1 CES 2009: Gary Shapiro, president of the CEA, spoke this morning about how the global economic slowdown will affect the consumer electronics industry through 2009. __________________ Tim on Twitter \| Tim's Blog \| Tim's Flickr The bit-tech Blog \| bit-tech on Twitter \| Join the bit-tech & Custom PC folding team (#35947)

9th Jan 2009, 01:31	#2
LordPyrinc Legomaniac Join Date: Mar 2008 Location: USA Posts: 254	The electronics industry may suffer during this crap, but in the US the fault lies in the loans and banking industry as well as a shady stock market. The whole 401K idea here has f-ed over many people getting close to retirement. Before this crap, I thought I wasn't doing enough to invest my savings, but now I'm glad I retained more of my assests in bank accounts rather than pumping my money into my 401K. Pay off your bills and creditors first. Make sure you have enuf cash to survive an unexpected loss of a job. __________________ HP Pavilion Elite m9040n PC - Vista Home Premium Intel Core 2 Quad Processor Q6600 @ 2.40ghz - 3G of RAM - Dual 320G HDs Upgrades/Add-ons: 22" Widescreen LCD, 700W RocketFish PSU, BFG GeForce 9800 GT 160G Ext USB HD, Logitech X-540 5.1 Surround Sound Speakers