[nathanbedford]

Thank God, the turn is at hand.

Whenever left wing political pundits despair, we can mortgage the farm and plunge because we are on the way home.

[sarcasm]

Thank God, the turn is at hand.

Is that why the Federal Reserve cut interest rates again? Seems like they're not convinced that the turn is at hand.

[jocon307]

"Thank God, the turn is at hand."

I like your phrase, and I hope you are right. At my own little office I currently have so many unused workstations, telephones, offices and desks, it is horrid. We've only actually cut one person, reduced another's hours, and two gone voluntarily are not being replaced. We were going gang-busters in 2000.

Many local factors contributed to our decline, not least of which was the death of one of the partners, about 2 weeks before 9/11, it was from his office that we watch the towers attacked across the Hudson River. I will never recover from that, ever. We lived off our A/R last year. Now we are really starting to feel the pinch. And others are too. I have vendors I pay regularly and timely calling for money. This is what you do when your cash flow stinks, you don't call the dead-beats (why would they pay you now, when they don't really want to pay you at all), you call your good payers, try and get the $ a little sooner.

I certainly hope the turn is at hand, because if not the cliff is dead ahead.