The Economy

[ZephyrWasHOT!!]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

Um.

Eh.

Nevermind.

[ZephyrWasHOT!!]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

I'm sure someone tried that in the 90s...

There was an Onslaught of those books.

Maybe those types of books will be Reborn.....

[Dr. Solar]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

Um.

Eh.

Nevermind.

Well, You said yourself that an ounce of gold can be beaten to a 300 sq. ft. sheet. The normal comic size has a cover just under one half a sq. ft. That is 600 covers per ounce. At $900 per ouce (for easiness sake), that is $1.50 of gold per cover.

That's pretty affordable!

If we also make them with scratch and sniff covers, they could always be in "mint" condition!

[ZephyrWasHOT!!]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

Um.

Eh.

Nevermind.

Well, You said yourself that an ounce of gold can be beaten to a 300 sq. ft. sheet. The normal comic size has a cover just under one half a sq. ft. That is 600 covers per ounce. At $900 per ouce (for easiness sake), that is $1.50 of gold per cover.

That's pretty affordable!

If we also make them with scratch and sniff covers, they could always be in "mint" condition!

No, no, I wasn't talking about the content of your statement...just your repitition of the phrase "implied value" which doesn't mean what he thinks it means in the way he's using it (to contrast with intrinsic value.)

The opposite of intrinsic value is ACQUIRED or EXTRINSIC value. That means the item has an AGREED UPON value by the exchanging parties that is greater than the item's intrinsic value.

[Dr. Solar]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

Um.

Eh.

Nevermind.

Well, You said yourself that an ounce of gold can be beaten to a 300 sq. ft. sheet. The normal comic size has a cover just under one half a sq. ft. That is 600 covers per ounce. At $900 per ouce (for easiness sake), that is $1.50 of gold per cover.

That's pretty affordable!

If we also make them with scratch and sniff covers, they could always be in "mint" condition!

No, no, I wasn't talking about the content of your statement...just your repitition of the phrase "implied value" which doesn't mean what he thinks it means in the way he's using it (to contrast with intrinsic value.)

The opposite of intrinsic value is ACQUIRED or EXTRINSIC value. That means the item has an AGREED UPON value by the exchanging parties that is greater than the item's intrinsic value.

I made an executive decision to maintain use of the terminology already in use in the thread. Though it may not have been completely accurate, I believe the general meaning of these terms was understood within the context of this thread.

[ZephyrWasHOT!!]

Well, print comics with gold covers, and they will have intrinsic AND implied value!

Um.

Eh.

Nevermind.

Well, You said yourself that an ounce of gold can be beaten to a 300 sq. ft. sheet. The normal comic size has a cover just under one half a sq. ft. That is 600 covers per ounce. At $900 per ouce (for easiness sake), that is $1.50 of gold per cover.

That's pretty affordable!

If we also make them with scratch and sniff covers, they could always be in "mint" condition!

No, no, I wasn't talking about the content of your statement...just your repitition of the phrase "implied value" which doesn't mean what he thinks it means in the way he's using it (to contrast with intrinsic value.)

The opposite of intrinsic value is ACQUIRED or EXTRINSIC value. That means the item has an AGREED UPON value by the exchanging parties that is greater than the item's intrinsic value.

I made an executive decision to maintain use of the terminology already in use in the thread. Though it may not have been completely accurate, I believe the general meaning of these terms was understood within the context of this thread.

[whetteon]

One problem with the doom and gloom forecast of the American economy that we haven't taken into account is when the American dollar falls, exports become cheaper. So anyone who works for a company that's based in America but ships world wide is going to see 'extra' income. So much so that surrounding countries and Asian markets are starting to get a little sore.

As for comics - once again, the cheaper American dollar tends to allow Europeans, Asians, Australians and Canadians who collect to actually get more for the currency. So prices are currently stabilized if you do any type of selling with other countries on eBay (I have received more revenue from Canada last few months then Americans) then you might of noticed a different customer base.

However, comics are largely American based entertainment and therefore the nostalgia resides mostly with the Americans. Even now the market is starting to slow down. If you ever followed the LCE35 then you'd see my post that last January we saw signs of an comic market down turn for BA in January and I expect April's LCS35 index to continue to show signs of weakening. It's inevitable at this point but most American's haven't yet felt the fall out of the failing economy as a whole and therefore comic prices are only just slightly falling.

When American's start to feel the downturn in Summer and then Fall of 2008, I'd expect fewer auctions since the books that do sell will be far from setting record highs. I'm not sure if we'll see a comic book 'crisis' selling mode. But instead just fewer books and fewer auctions. The more popular routes for selling comics books (eBay) might start eating into a lot of peoples profits to the point where the majority of comic stores might even start closing and fewer and fewer routes for buying those books are made available.

When comics hit 'crisis' mode then either the American economy has hit a real depression and people are desperate or the hobby as a whole is on the verge of collapse.

[IMJ]

All good points, Zeph! Chaulk some of the presentation up to the fact that I think this was one of those conversations I didn't even want to have, but felt the need to sort of barf out and be done with it. There are other things that could be said about some of this (like the word use) but at the moment, I'm better off without further nonsense debates as it is.



Either way, good points, and great modifiers on what I was getting at.

[schi0249]

Steering things back to the economy. Talk is, Bear Stearns shareholders may try to fight the merger. The feeling is, the company is worth more than $2 a share and the gov't jumped the gun. One particular shareholder owns around 9% and stands to lose, I believe I read, $1 billion. Things could turn nasty. Personally, I say $2 is better than nothing. If Bear Stearns files for bankruptcy, shareholders will most likely end up with nothing. In America, shareholders are some of the last people paid.

[RegalSin]

hit a real depression

logically we have never left the original deppression. You know the whole lets go to war with those Japs bit, Mo-Town, Teddy Bears, Axis is evil bleh bleh bleh bleh ( monsteer vioce).

I say we just raise the bloody taxes and burn down E-waste for a good ten years or so

[Chiclo]

hit a real depression

logically we have never left the original deppression. You know the whole lets go to war with those Japs bit, Mo-Town, Teddy Bears, Axis is evil bleh bleh bleh bleh ( monsteer vioce).

I say we just raise the bloody taxes and burn down E-waste for a good ten years or so

I must disagree. In every economic factor that is measurable, the US economy and every other economy on earth has expanded greatly since the crash of 1929 and stand now better off not only than the day after the stock crash but also the day before.

In fact, there has been a very natural progression of expansions and contractions since 1929.

The Axis powers of WWII were evil. Unequivocally. As was our ally the Soviet Union.

[RegalSin]

No it tumbled and tumbled into the way it has been since the crash. It has not recovered at all and the value of money is the proof of it.

The Axis powers is not evil at all but formed with Alies powers for when a enemy was attacked. Germany was just caught in the middle of the decision of Axsis and Alies. It was like fliping a coin between joining sides of bullies in a school yard.

The USSR was normal and there was no threath just a helping hand which no diffrent then USA helping Iraq build the same army that USA dismantled recently.

[BettyBoop2]

No it tumbled and tumbled into the way it has been since the crash. It has not recovered at all and the value of money is the proof of it.

The Axis powers is not evil at all but formed with Alies powers for when a enemy was attacked. Germany was just caught in the middle of the decision of Axsis and Alies. It was like fliping a coin between joining sides of bullies in a school yard.

The USSR was normal and there was no threath just a helping hand which no diffrent then USA helping Iraq build the same army that USA dismantled recently.

I really don't know what to say to you. It's a kin to *SQUEE* into the wind.

-the boop

[ZephyrWasHOT!!]

No it tumbled and tumbled into the way it has been since the crash. It has not recovered at all and the value of money is the proof of it.

The Axis powers is not evil at all but formed with Alies powers for when a enemy was attacked. Germany was just caught in the middle of the decision of Axsis and Alies. It was like fliping a coin between joining sides of bullies in a school yard.

The USSR was normal and there was no threath just a helping hand which no diffrent then USA helping Iraq build the same army that USA dismantled recently.

It's like reading some alternate version of reality....

Sort of a "What If....?" for the board.

[mavros]

Steering things back to the economy. Talk is, Bear Stearns shareholders may try to fight the merger. The feeling is, the company is worth more than $2 a share and the gov't jumped the gun. One particular shareholder owns around 9% and stands to lose, I believe I read, $1 billion. Things could turn nasty. Personally, I say $2 is better than nothing. If Bear Stearns files for bankruptcy, shareholders will most likely end up with nothing. In America, shareholders are some of the last people paid.

There's something fishy when they buy out the company for $236 million AND they get the Bear Stearns headquarters which is worth $1.5 BILLION.

(Of course, that is assuming they haven't mortgaged the hell out of the building...).

Would have been far better to make an arrangement to halt the trading of the stock once it actually hit $2 dollars on the open market rather than be sneaky and do it on the weekend. Would have seemed a less arbitrary number, by doing it that way.

[IMJ]

No it tumbled and tumbled into the way it has been since the crash. It has not recovered at all and the value of money is the proof of it.

The Axis powers is not evil at all but formed with Alies powers for when a enemy was attacked. Germany was just caught in the middle of the decision of Axsis and Alies. It was like fliping a coin between joining sides of bullies in a school yard.

The USSR was normal and there was no threath just a helping hand which no diffrent then USA helping Iraq build the same army that USA dismantled recently.

It's like reading some alternate version of reality....

Sort of a "What If....?" for the board.

I think that's why my initital response was so disorganized... I had just got reading this stuff and had a flurry of responses pop into my head as I was synching up for conversation here...