Monday, 27 October 2008

The long term value of investing in a stash

A quiet day spent piecing some more blocks for the current quilt shown several posts back.....my mind churning over with ideas for about future projects, wondering what this week's journal exercises will be, listening to some music, the news and occasionally checking my email.....then I saw this on the ABC news site, in bright colours of red, orange and green, against a classic black background.

Inspiration for some stitching? Another textural rubbing? A quilting design?

None of those. A very depressing graph to show how the Australian All Ordinaries Index closed at the lowest point for four years following more losses on Wall Street and other world markets due to the financial crisis and fears of recession. The Australian dollar is also at a five year low - so no more buying of needlework books from overseas for me for a while! In fact it is really a bit of a worry as I and many others, helplessly watch the value of our supeannuation go down the gurgler. Perhaps that is one really good reason for having a stash of fabric and other textile goodies - I can still make things and ignore the gloomy forcasts in the media until it, hopefully, gets better.

6 comments:

Marcie said...

still an excellent design possibility, though...

averyclaire said...

It is the same sad story in the US. Economy is terrible. My sister and my son lost their jobs this month. There is not any work to be had...a bad time. But we must have faith and pray.

Jane said...

Let's hope that the waning economy will improve after the US elections. It's surely a wake up call for many to try and practice frugilty in both consumption and excess. I'm likeminded with you in having my stash to work from...between the internet which is still reasonably priced in regards to the entertainment and knowledge it provides and being able to sew.... I'm set for a long time.

paulahewitt said...

I been cutting and piecing too all from stash and wondering when i will be able to afford to buy fabric and threads again. luckily (for us) we have 20 years for our super to recover before we can draw it - no doubt it will go back up again by then....and probably down again knowing our luck.

Carol said...

So true. A subject on everyone's mind. We don't have any investments to worry about, but I feel for those of you who do. We invested all we had in our children and have reaped some good returns so far. But I'm very grateful that I stocked up on basic craft supplies before I stopped working. And, yes again Jane, thank goodness for the internet.

Pat said...

Well, here we are. In a mess. For those of us who are retired...it's kind of scary. But, onward and upward, I say. Thank goodness I was smarter than I thought "way back when" I teased I was putting away a stash for "when we were retired and couldn't afford anything extra." Here we are, and in hindsight, I was right to put away that stash.
I may wish it was edible before it's over...but right now I can still communicate with my bloggers, do my work and that's a great thing! Pat