The old man just lost his job....

My dad just got terminated (and he works in defense!). This is the first real exposure I have had to the bad economy. This post is of no real value…just putting it out there.

im eating dumplings right now

Sorry about your Dad. Is he moving in to your spare bedroom?

mwvt9 Wrote: ------------------------------------------------------- > My dad just got terminated (and he works in > defense!). This is the first real exposure I have > had to the bad economy. > > This post is of no real value…just putting it > out there. my mother got laid off last week

bummer, sorry for them both. The thing is that it is just a vicious cycle in a consumer driven economy…laid off people don’t spend money, that makes things worse, more layoffs, etc. I recommend they get xbox live to pass the time and enjoy the holidays.

so govt. also started laying off people. Sorry to hear that. Is he close to his retirement?

cfaboston28 Wrote: ------------------------------------------------------- > so govt. also started laying off people. Sorry to > hear that. Is he close to his retirement? No, private sector. He would have liked to work a little longer, but will probably retire now.

Sorry to hear that.

SeanC Wrote: ------------------------------------------------------- > mwvt9 Wrote: > -------------------------------------------------- > ----- > > My dad just got terminated (and he works in > > defense!). This is the first real exposure I > have > > had to the bad economy. > > > > This post is of no real value…just putting > it > > out there. > > > > my mother got laid off last week Amazing how a well-placed “off” can change the whole meaning of a sentence

JoeyDVivre Wrote: ------------------------------------------------------- > SeanC Wrote: > -------------------------------------------------- > ----- > > mwvt9 Wrote: > > > -------------------------------------------------- > > > ----- > > > My dad just got terminated (and he works in > > > defense!). This is the first real exposure I > > have > > > had to the bad economy. > > > > > > This post is of no real value…just putting > > it > > > out there. > > > > > > > > my mother got laid off last week > > > Amazing how a well-placed “off” can change the > whole meaning of a sentence nope…i still read it that way even with the “off” in there

Sorry about your dad…are the defense companies scaling back as a result of the change in administrations? We are still fighting two wars.

Sorry to hear. I got let go three weeks ago myself.

kat, what did you do? I think it’s a shame that companies let go of people in the week of Thanksgiving. My firm laid off some ibankers too :frowning:

CFAdummy Wrote: ------------------------------------------------------- > kat, what did you do? > > I think it’s a shame that companies let go of > people in the week of Thanksgiving. > > My firm laid off some ibankers too :frowning: It is good in one way that people wont spend money by buying lavish gifts on credit card.

Sorry. My mother’s employer, a Title Insurance Agency, shortened her work week to 4 days and I’m afraid they might go under soon. Stay strong!

cfaboston28 Wrote: ------------------------------------------------------- > > It is good in one way that people wont spend money > by buying lavish gifts on credit card. Yes you’re right, no lavish gifts. It’s much better that they need to use their credit card just to buy food.

I’m truly sorry to hear that. My dad worked for Budget when they filed bankruptcy, now he works for AvisBudget which appears to be on the same course. I wouldn’t be at all surprised if he got a pink slip for Christmas.

dcallocchia0322 Wrote: ------------------------------------------------------- > Sorry. > > My mother’s employer, a Title Insurance Agency, > shortened her work week to 4 days and I’m afraid > they might go under soon. > > Stay strong! LFG filed for bankruptcy protection this morning, I hope this wasn’t her company. That’s the second F500 company headquartered in my city to file this month…