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What does US downgrade from AAA -> AA+ mean for provider/hobbyist?
RichGetsRicher! 549 reads
posted

This means potential higher interest in mortgages, student loans, automobiles, etc
This could mean more EDUCATED and HIGHER CLASS mature ladies and college students entering this profession, heh. Also, except for TOP John's that make six figures or close to six figures (like me), most hobbyist would be less willing to spend $300+ for each session.

Get ready DC hobbyists, as long as you have enough money... We will have more mature ladies and college students that will be entering this business here, esp Gtown and George Washington students; their tuitions are expensive!

TerEconomist575 reads

Could be mean billions of dollars taken out of our local economy with all those Dod and other agency cuts coming down the pike. Then you have the government contractors who could be impacted. You could see $300-$600 billion impact on our economy.

The cuts have already happened with some government contracts. I am seeing tons of resumes of unemployed 6 figure guys looking now.

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conspiracytheories665 reads

they fucked us all without giving us a kiss causing recession .. so this is just them saying they are back to be good boys!

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socracy477 reads

Exactly.  And let's not forget S&P's inflated ratings of the mortgage-backed securities that got this economy to where it is today.  

The people who drive the economy (investors and the like) are going to be unmoved by S&P's recent downgrade.  There will be some small, short-term negative fallout, but in the end it won't matter.  Everyone just needs to relax.

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archimedes123393 reads

Well it could be that, but I think because we've elected Tea Party and GOP idiots who are willing to put this country through the wringer because they don't like Obama and democrats. S&P see that the government will have problems getting their finances straight because of these people and don't think the US is that safe of a bet anymore.

The rates for loans and credit cards will shoot up a little bit, but many people do live on their credit cards so there will be some short term problems, short term meaning 4-6 years max maybe.

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db911548 reads

Economic contraction will not be good for the biz.  I doubt it will create more supply as the ladies in the biz are in the biz more likely because of their own situation, not because the economy put them there.  It will hurt the demand side which will actually drive ladies out of the biz since it there will not be sufficient demand to support them.

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macw237 reads

I agree with db.  While everyone has their own specific situation to deal with, in general, economic contraction is hardly ever good for anyone with a business or who spends $$ at a business.
BTW, I, obviously cannot speak for all,  but it seems to me that most, not all, "talking heads/pundits" have been wrong on the economy so far this year. I think the market, if left to its own devices, will sort it out, as it usually does.

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Bengal Tiger499 reads

Even if stocks recover, that might not help jobs, salaries, and consumer spending, especially if prices of everything are still increasing through inflation.

I do agree that contraction is generally bad for everyone, and it looks like having the federal government in DC is not going to shelter the local economy now that they are cutting spending.

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joelrick274 reads

You have a very valid point on the wider economy. But I haven't seen much of an adjustment in the price or availability of ladies. The only change I've seen is that ladies are comming from farther afield than they have in the past.

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BeautywithBrains408 reads

.......it will affect my income, unless one of my gentlemen friends should lose his job.  I have gentlemen who t will save their pennies to visit with me once every three months, and others, whom I visit with three to four times a month.  It also helps that I accept credit cards, and other forms of "payment"; not barter.  I also offer "discounts", if a gentleman pre-pays "X" amount of dates.

Enjoy this beautiful day!

Hugs and Kisses

Posted By: RichGetsRicher!
This means potential higher interest in mortgages, student loans, automobiles, etc
This could mean more EDUCATED and HIGHER CLASS mature ladies and college students entering this profession, heh. Also, except for TOP John's that make six figures or close to six figures (like me), most hobbyist would be less willing to spend $300+ for each session.

Get ready DC hobbyists, as long as you have enough money... We will have more mature ladies and college students that will be entering this business here, esp Gtown and George Washington students; their tuitions are expensive!

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kayakid672 reads

There might very well be a period of pain and suffering, not so much for what S&P did, but for the steps in the right direction the downgrade hopefully signals.
There are so many facets of the economy and our Gov't that are out of whack right now: Unemployment too high, interest rates too low, dollar too weak, spending too uncontrolled, Gov't regulations too insidious to private sector, tax loopholes too readily available to select groups, political discourse too devisive...just to name a few.  So, my sincere hope is that this S&P downgrade actually and finally forces the HofR's, Senate, and WH to do their job, and not just focus on their special interests and re-election.  If this happens, the above abnormalities will start to return to their historic norms and the economy and all the great things that are produced by it will prosper.  The providers and hobbiests will both benefit from the rising tide.  MHO, of course.

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JazzCrusaderII519 reads

Why the heck wold this be the thing that does it when nothing else has?  

And doesn't this thread belong ina political frum?

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