Global Recession and the Escort Industry

[eastender]

Luxury Package

Valid points. However the value added factor should be considered. Example extras being included , etc. multiple hour rates might go down.

Regardless of the various economic issues there is simply more profit potential in a $200.00 session as opposed to a $150.00 session. Just a question of what gets thrown into the mix since the time factor has marginal value if no other customers are available and the services do not have any inherent value nor additional cost factors.

Very interesting post this morning from Giselle at FKS. The "value added" approach is catching on.

https://merb.cc/vbulletin/showthread.php?t=40823

Very simple, proven over time and effective.

 

[beautydigger]

6. Comparing this situation to the possible equivalent of the great depression of the 1930's.


How will this current situation affect the independent escort industry???

What are your thoughts???

“Weimar Germany, devastated by the worldwide financial collapse of the 1930's and saddled with an insurmountable war debt, quickly became a moral wasteland. As fortunes crumbled and the future seemed hopeless, the basic rules governing social interaction evaporated and Berlin became a destination for sex tourists, not unlike today's Bankok.”
http://www.walletpop.com/blog/2008/10/02/prostitution-the-recession-proof-career/

I think we will see a flood of new SP’s in the independent market. Especially young women of privilege that are forced to do with less. Because of their independence from men in the last 30 years, a lot of women won’t have that man to fall back on, and will have no choice but to prostitute. Graigslist is growing longer by the day!

 

[breadman]

In case anyone missed it, the last employment report showed the most severe one months job loss in many years. Even if agencies wake up now and lower rates substantially economic conditions may force the marginal hobbyists to practically drop out rather than simply reducing. For myself, I am down to 5 or 6 total projected meetings for the year from a high of 15-19 and with fewer average hours. I'd estimate I have dropped expenses to pay escorts 70-80%. It's certain many others are cutting back to various degrees. I know a couple who have quit hobbying entirely.
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Which type of guy is the majority of the hobbiests that visit Montreal? Guys with nice high paying jobs or the working class guys who's jobs are now in question? Id have to guess its the working class guys. Guys who've seen their friends get laid off and wonder if they're next. This includes those who live and/or travel to Montreal. With the rates outside of the escorts increasing as well as the escorts, its possible they are staying closer to home.

Myself, ive been watching the dollar rise especially against the euro...and thinking it might be good to grab some while its cheaper. On july 15th of this year the euro was worth 1.59 us dollars. Yesterday it hit 1.35. Pretty large slide in 3 months.

 

[kill_shill]

Here we go... now we got $150 SPECIALS.......

$150 specials @ wop

--------------------------------------------------------------------------------

valerie posted this on october 3rd: https://merb.cc/vbulletin/showpos...21&postcount=1

"Dont forget i`ve got a october special 1h/160$ and 2h/300$ DUO 320$ SHOW 340$ mentionned when you book

The Girl Special
Each day there will a girl in a special 1h at 150$ for tonight,Tonight is Marie-Eve AND Savannah"

she has only offered it once. what gives, valerie?
__________________

 

[EagerBeaver]

I Am Down 17%!

I just got my IRA statements from Vanguard, as if I really needed to see them.

The total portfolio value of IRA number 1 has dropped 16.6% from 12/31/07 to 9/30/08. IRA number 2 has dropped 17.6% in value from 12/31/07 to 9/30/08. My paper loss is substantial.

This is fucking bullshit! I am going to do something tomorrow. I will speak to my financial guy about it.

 

[kill_shill]

I just got my IRA statements from Vanguard, as if I really needed to see them.

The total portfolio value of IRA number 1 has dropped 16.6% from 12/31/07 to 9/30/08. IRA number 2 has dropped 17.6% in value from 12/31/07 to 9/30/08. My paper loss is substantial.

This is fucking bullshit! I am going to do something tomorrow. I will speak to my financial guy about it.

Eager dow jones was @ 10850 on Sept 30th now at 9250 = an additional 15% loss for the first week of october if in pure equity funds... its down more or less the same thing everywhere for first week october, europe is also down 15% across the board from Sept 30th

Its too late to make drastic changes, ride it out.

 

[quest]

Mr. Beaver

Hang tight. You weren't going to touch that IRA money until you retire anyway. Panicking is the worst thing right now. Take a deep breathe, survey the carnage and buy when there's blood on the Street. Things will turn for the better in the long term.

 

[banger]

Eager dow jones was @ 10850 on Sept 30th now at 9250 = an additional 15% loss for the first week of october if in pure equity funds... its down more or less the same thing everywhere for first week october, europe is also down 15% across the board from Sept 30th

Its too late to make drastic changes, ride it out.

EB,

I agree its too late, your probably down 30+ percent....ride it out.

This article should give you ideas on re-balancing your risk profile in your 401K http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8_9qf6lAHsA

Sell the rallies.....dont sell on the panic!



Banger

 

[EagerBeaver]

I am not going to cash out yet. But this was supposed to be my ticket to early retirement and now I am wondering if I will have to work until I am 80...........

 

[korbel]

EB,

I agree its too late, your probably down 30+ percent....ride it out.

This article should give you ideas on re-balancing your risk profile in your 401K http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8_9qf6lAHsA

Sell the rallies.....dont sell on the panic!



Banger

Hello Banger,

I re-balanced my 401k in February into government guaranteed funds. I rode out times when the market went higher because what I could make out of reports seemed dire. After taking a beating in the dotcom meltdown I decided to be more active. Now, though I am only gaining through my contributions I am very happy to have been out and have avoided this crisis. But what do I look for to tell me I should get back in???

Hmmm,

Korbel

 

[banger]

Hello Banger,

I re-balanced my 401k in February into government guaranteed funds. I rode out times when the market went higher because what I could make out of reports seemed dire. After taking a beating in the dotcom meltdown I decided to be more active. Now, though I am only gaining through my contributions I am very happy to have been out and have avoided this crisis. But what do I look for to tell me I should get back in???

Hmmm,

Korbel

Korbel,

You look for panic when everyone else is selling....but that depends on your time horizon and when you'll retire and use the funds. You can also scale in a bit at a time.

The events this time around have never happened before in the history of the "money" system and its affects are worldwide and just begining to be felt. The question is...will the actions that the governments and central banks take to "unclog" the world money system so it can function normally work? If so, how long will it take and what will be the damage to the world economy?

What if they cant fix the problem??? or it takes months ....that is what the market is in fear of...

Banger

 

[Big Daddy]

I am not going to cash out yet. But this was supposed to be my ticket to early retirement and now I am wondering if I will have to work until I am 80...........

EB,

You should always diversify. Most people want to get above market returns so that they can retire early. Trying to get above market return leads to less diversification and higher disappointments when the sector in which you are heavily invested falls. Last thing you should do is withdraw. Why are you letting short term losses drive your long term decision making? If you really have to withdraw then wait one month and decide with a level head. If you are really bothered by down turns then try buying short index funds which perform reverse of market index funds.

Rather than asking your advisor when to sell, ask him what you can do to avoid getting low market returns in bad times. If you were entirely invested in gold stocks and short shares then you would be getting around 25% return this year. I personally do not want to invest in short shares because market goes up more often than it goes down. Using gold as a diversification is always a good idea. You can also add inflation-linked US tresuries.

Needless to say, having gold and inflation-linked bonds would give you low returns when markets are doing good. No one likes to perform below market during good times and, because of that, people don't diversify thinking that good times won't end.

If for some reason, after you sell all your stocks and market goes up by 32% in one year, will you regret your decision? If no, then you should cash out. Otherwise, sit tight. Despite current losses in the stock market, there is no other place you can go to and earn significant returns over long periods of time. Even the losses of depression were recoverable. Even including depression, stock market gives higher returns than inflation.

 

[kill_shill]

Korbel,

The events this time around have never happened before in the history of the "money" system and its affects are worldwide and just begining to be felt. The question is...will the actions that the governments and central banks take to "unclog" the world money system so it can function normally work? If so, how long will it take and what will be the damage to the world economy?

Banger

Banger, as crazy as this may sound... the answere is it has no choice but to work... I understand that these events never happened before but the steps the fed and world central banks have taken to correct the situation has also never happened before.

It is simply a question of time before the free flow of credit unclogs and the panic disappears, until then the fed and central banks will do what ever is necassary to make it happen.

Will that bring the markets to a 52 week high, hell no we wont see that for another 5 years, will it give it a 25 to 30 percent increase in the short term, hell yes, you can only put so much pressure on a spring before it pushes you back and makes you flip over.

If your in cash, nows the greatest time to invest, even if your not catching it at the ultimate low...5 years down the road you've annualized a 20% return...

 

[Guillaume]

Poor lady friends

Time is getting tough for them. Fewer businessmen coming to town, reduced budget and expense accounts. Apparently no Grand Prix in 2009.
It`s might become a buyer`s market.
Good for those who can still afford lobbying.
Will high-end companions lower their donation request?

Let`s remain positive and we`ll surf this bad wave.

 

[Doc Holliday]

Time is getting tough for them. Fewer businessmen coming to town, reduced budget and expense accounts. Apparently no Grand Prix in 2009.
It`s might become a buyer`s market.
Good for those who can still afford lobbying.
Will high-end companions lower their donation request?

My guess is more sps will be travelling to Toronto. Yay!

I doubt the `donations` will be lowered. The trend has been to raise them when they were working less.

 

[Doc Holliday]

I will speak to my financial guy about it.

I hope he still has a job by then.

 

[banger]

Whats scary right now is that the goverments of the world are for the first time EVER trying a co-ordinated response to the global credit crisis. Europe just pledged 1.5 trillion to bail banks out...the US has just decided to partly socialize the banking system by spending 250billion dollars to re-capitalise banks. Right now the US banking system is more socialist than the Quebec banking system!!!

All this global focus and money being thrown at the crisis was good for a ONE day rally! Hopefully people took that 11% up run on monday to reduce risk...the market is down 8% today...

Hedge funds and money managers are still de-leveraging and the process will take some time and continue to produce volatility. Afterward the ripple effects will be felt over the next 3 months as the consumer gets de-levered also....that means credit card limits will be reduced...loans will be called in.....home equity lines of credit will be reduced or called in....

The end result is already seen as citizens of the world and companies become more conservative in spending because of this uncertainty of the future. Capitalism is about confidence....and there is a severe lack of it right now...

I would advise everyone to be prudent in the next few months as the effects of the credit freeze materialise into the real economy...

Banger

 

[EagerBeaver]

News Blackout?

Banger,

What's scary to me is the Dow dropped 733 points today, 2nd largest drop ever, and it is not even a major or lead news story. I believe the government has asked major news outlets to stop the headlining of these drops because it is causing panic in the markets. So now we have a day where we have a 733 point drop and it is like the 20th item on CNN headline news.

It seems like the formula is if you ignore it hard enough, the volatility will eventually go away or stabilize itself. Is this really prudent as an approach?

 

[korbel]

Banger,

What's scary to me is the Dow dropped 733 points today, 2nd largest drop ever, and it is not even a major or lead news story. I believe the government has asked major news outlets to stop the headlining of these drops because it is causing panic in the markets. So now we have a day where we have a 733 point drop and it is like the 20th item on CNN headline news.

It seems like the formula is if you ignore it hard enough, the volatility will eventually go away or stabilize itself. Is this really prudent as an approach?

Hello all,

When I heard the Dow went up nearly 1000 points in one day, the first thing I thought was..."profit exploitation". Volatility is no sign of a healthy market much less a recovery. So no surprise it dropped back in two days. WORSE...CNN is reporting the Asian markets are down 10% in just one hour or so right now. Now that's SCARY when you think how Europe and our Market may react.

Wheeeew,

Korbel

 

[banger]

Banger,

What's scary to me is the Dow dropped 733 points today, 2nd largest drop ever, and it is not even a major or lead news story. I believe the government has asked major news outlets to stop the headlining of these drops because it is causing panic in the markets. So now we have a day where we have a 733 point drop and it is like the 20th item on CNN headline news.

It seems like the formula is if you ignore it hard enough, the volatility will eventually go away or stabilize itself. Is this really prudent as an approach?

EB,

Its because you can expect more of these types of days in the market....
Its not just because of the "CNBC" effect or media blitz thats causing the volatility....

This article gives you an idea "statistically" of the magnitude of what's happening now....


Stress in Global Markets Is a `Black Swan Event': Chart of Day
By John Glover
Oct. 13 (Bloomberg) -- Measures of stress in worldwide markets are so far from historical norms that they qualify as a ``black swan event.''
The CHART OF THE DAY shows Bloomberg's Financial Conditions Index, which includes yield spreads and measures of the money, stock and bond markets. The index's drop this month is the kind of rare, devastating event described in Nassim Taleb's book ``The Black Swan: The Impact of the Highly Improbable,'' said Nigel Marriott, the founder of Bath, England-based Marriott Statistical Consulting Ltd.
``It's way off the scale, a one-in-billions chance,'' said Marriott, a fellow of the Royal Statistical Society. ``This is absolutely a black swan event.''
In statistical theory, about 68 percent of events are within one standard deviation above or below the average, 95 percent are within two deviations and 99.7 percent within three. Markets are currently 9.47 so-called standard deviations from usual levels, the Bloomberg index shows.
The measures indicate conditions so unusual that they're comparable only with winning the lottery twice in a week or the earth being destroyed by an asteroid, said David Watts, a strategist at CreditSights Inc. in London.
The data go back only to 1992 and so don't reflect market disruptions such as Black Monday in October 1987 or the Great Depression.
``The Depression was an event in human history,'' said Marriott. ``So is this.''