Are we tumbling?

[RichInCollege]

Man oh man...I'm sure a lot of people have noticed, but it's really kicking in. The analysts call it the recession and the prognosis isn't great.

Is anybody else feeling it? It's hard to sell names..very few buyers, a load of names offered for sale. Prices down.

Everything else too...PPC...affiliates, Ebay - anywhere I look, there's way less cash flow, way less buying, way less money made.

Sad. :(

[pcproffenno]

Except from a few negative posts like this one, I haven't noticed anything. I've made a few good sales the last few days.

If you feel like the market is down now, then why aren't you out shopping domains?

[DomainsInc]

Seems to me everyone is talking themselves into a recession. People need to be more positive.

[DNCredit.com]

The financial markets have been bumpy and RPC has been flat but the domain industry has seen major enhancements in auctions, trade conferences and aftermarket sales platforms. I think this has flushed more domains out into the spotlight. No doubt the economic pullback is doing its bit to add to the gyrations in sales prices but (fingers crossed) the macro fundamentals underlying the domain market still make sense.

[dcristo]

I don't see LLL.com and premium LLLL.com going too cheap on the forum, so it can't be going too badly.

[draggar]

At least 10 good work friends who I've known for a very long time got laid off here at work. I'm still apprehensive about my future with the company.

My company is not giving out any raises at all this year (yeah, I doubt the high-end execs are included in this).

No overtime at all at work, even to cover for those who got laid off.

Gas has shot up $0.40 a gallon in the past few months making me pay an extra $4 to fill my tiny gas tank (yet big oil companies are posting record profits).

Interest rates on my credit cards all went up even though the feds lowered rates.

Food prices are going up (yes, I'm noticing it). I have become quite the macaroni & cheese chef. I am also very good at cooking ramen noodles.

Living paycheck to paycheck for a while now the increase in prices is making us re-think a lot of things we took for granted. No more platinum passes to Seaworld even though we love going there. Even very few trips to Orlando now with the gas prices the way they are.

My home's value has plummeted at least 30% in the past year. If I were to sell now it wouldn't cover the two mortgages we have now (and that's not including any realtor fees or anything).

I can't even find a second job overnight stocking shelves.

401K is plummeting including the "company stock" which I have no control over. Company stock is plummeting also.

Crime is rising in my area, more break ins etc.. (thank god I have protection trained dogs).

"Fees" on utility bills are going up, cable TV, phone, general utilities, electricity, etc..

$2500 special assessment was passed because other people in the community are not paying previous assessments or their associaion fees (I'm trying to lear from my lawyer if this is legal or not).

Nah, I'm not feeling anything that would contribute to a recession.

[dolansco]

Originally Posted by RichInCollege

Man oh man...I'm sure a lot of people have noticed, but it's really kicking in. The analysts call it the recession and the prognosis isn't great.

Is anybody else feeling it? It's hard to sell names..very few buyers, a load of names offered for sale. Prices down.

Everything else too...PPC...affiliates, Ebay - anywhere I look, there's way less cash flow, way less buying, way less money made.

Sad. :(

Didnt notice !

Still buying big time..
Have sold several domains in last few weeks ( offers out of the blue that I could not refuse )
PPC is flat ...... but not desperate.

if you are selling LLLL or similar .... then maybe things are poor ?

In General : Im happy

[biggedon]

there a still many buyers, though offers may not be what you expect.


nor do I see a drop in prices....at least none of my prices have dropped!

[hugegrowth]

The US economy looks like it's in recession, or close, and it will touch a lot of areas that it hasn't yet. Hard to say when it will end, but it might not even be half way done.

It's weird, prices are going up, but interest rates are heading down.

Anyone with a lot of cash stored up, or liquid assets of value, won't have any problems.

Anyone who has built up a good cash generating portfolio will be fine, but the recession might affect smaller domainers, or more domainers entering the market, if they don't have the funds to purchase names or renew their portfolios.

Companies will still advertise online if it makes them a buck. Online advertising will still grow which helps the domain market.

The internet isn't going anywhere. If anything, people will surf the net more in a recession because they can't afford to take trips, shop, etc. So being invested in domains and the internet are some of the best places to be. Stocks like Google, Marchex, Kaboose, Microsoft are starting to look pretty cheap too.

[RichInCollege]

Thanks for all your opinions guys, from what I'm hearing it's mostly me. Gotta change the perspective than!

-hugegrowth, that's about where I'm stuck at - I don't have enough volume to keep buying, but having a tough time selling and parking rev along doesn't pay off everything.

[hugegrowth]

it really makes you think about what to hold, what to let drop, what to reg, etc.

[Poker]

We are in a recession. You won't hear many people say it because they don't see it yet and you won't hear the government say it because they don't want you to know it or to make it worse and they won't usually talk about it until it's over.

By the way are you better off now than you were four...errr I mean 7 years ago?

[TheWatcher]

When I see my revenue go flat, that's the time I accept recession is in. And I believe it will take some time.

From my end, more names going to let go. Will refine some domains in check. Need to divert some attentions to other activities that will bring additional revenue.

Originally Posted by draggar

Interest rates on my credit cards all went up even though the feds lowered rates.

My home's value has plummeted at least 30% in the past year. If I were to sell now it wouldn't cover the two mortgages we have now (and that's not including any realtor fees or anything).

Nah, I'm not feeling anything that would contribute to a recession.

We are on the same page here.

Cheers,
Em

[bd77]

Originally Posted by Poker

We are in a recession. You won't hear many people say it because they don't see it yet and you won't hear the government say it because they don't want you to know it or to make it worse and they won't usually talk about it until it's over.

By the way are you better off now than you were four...errr I mean 7 years ago?

I am better off since Bush has been president thank you. The media plays up the idea that were in a recession for ratings of course. I think the subprime mortgage mess was way over played. Banks have written off about $150 billion in bad loans. Now 150 billion sounds like a lot but it only represents 1% of America's GDP and a little less than 1% of the market capitalization of U.S. stocks.

So in summary I would say not to worry to much. We may have a very mild recession as long as the media and politicians don't make to much of a fuss about it.

[Poker]

We are in a recession. Care to make it interesting? I'll bet you $100 that as of today's date we are in a recession. We can treat it like a prop bet at a poker table where everyone in this thread is a witness. Game?

[bd77]

Originally Posted by Poker

We are in a recession. Care to make it interesting? I'll bet you $100 that as of today's date we are in a recession. We can treat it like a prop bet at a poker table where everyone in this thread is a witness. Game?

Are we going by the official definition?

a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.

[Rockefeller]

Business is still booming here.

[Poker]

Originally Posted by bd77

Are we going by the official definition?

a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.

NBER (National Bureau of Economic Research) has a more specific definition:
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Want an even better picture? Take a look at the charts of Coach, Home Depot, Lowes etc....

[bd77]

Originally Posted by Poker

NBER (National Bureau of Economic Research) has a more specific definition:
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Want an even better picture? Take a look at the charts of Coach, Home Depot, Lowes etc....

You didn't answer my question?

I will not bet by your above definition.

[jdk]

Originally Posted by bd77

I am better off since Bush has been president thank you. The media plays up the idea that were in a recession for ratings of course. I think the subprime mortgage mess was way over played. Banks have written off about $150 billion in bad loans. Now 150 billion sounds like a lot but it only represents 1% of America's GDP and a little less than 1% of the market capitalization of U.S. stocks.

So in summary I would say not to worry to much. We may have a very mild recession as long as the media and politicians don't make to much of a fuss about it.

I guess one person in 300 million isn't bad.

Although I am not here to talk politics.