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Thursday, November 13, 2008

'Atom'ic state of affairs

Intel recently came out with the 'Atom' chip- a low-power processor designed for mobile devices including laptops.
Intel announced yesterday that its sales and margins for the next quarter will be significantly lower than original forecasts. CEO Paul Otellini already expects this slump to be the worst of his lifetime.

DHL US cuts nearly 13,000 jobs, Best Buy is not buying into a "Merry Christmas" season, and according to the WSJ, Even Debt Collectors Have Hit Hard Times.

As I have stated in the past, it is cash flow from productive work that will form the basis for a sustainable foundation. Folks will have to adjust to a much lower standard of living, as asset appreciation will not be a major source of funds in the near future.

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