AMEN -
It will get better, but it wont be quick, it wont be easy, and it wont go back to the way it was!
Current economic crisis....bottomed out yet?...
- Thread starter Civickiller80
- Start date
AMEN -
It will get better, but it wont be quick, it wont be easy, and it wont go back to the way it was!
Facetious
Moderated
No ! You can't get out of debt by assuming additional debt.
Beware of the
Energy Bubble
Healthcare Bubble
Social Security Bubble
& many many other forms of crisis that only a overbearing fabian socialistic government would encourage.
Our government will not allow for a natural recession to occur because they're too busy financing forward the nationalization of as many private sector enterprises as possible, including banking.
Hate dem greedy bastards in govt !!!
Beware of the
Energy Bubble
Healthcare Bubble
Social Security Bubble
& many many other forms of crisis that only a overbearing fabian socialistic government would encourage.
Our government will not allow for a natural recession to occur because they're too busy financing forward the nationalization of as many private sector enterprises as possible, including banking.
Hate dem greedy bastards in govt !!!
Seems like the economy has too many problems to say that the ecopnomy is in any real state of recovery. Commercial real estate could become a problem in the next year or two with more empty malls due to larger chain stores closing(Circuit City is an obvious example). People do not seem to be spending very much money as well which could also slow down any recovery.
Facetious
Moderated
^ Great points. :hatsoff:
I, agree about the commercial real estate trouble (soon to be bubble, IMO). It seems like developers took advantage of the influx of cheap foreign insourced labor and built structures that are in many cases are vacant today. Combine that with the outsourcing / off shoring of American industry and you have a recipe for trouble.
I was driving through areas of "the former" Silicon Valley about a month ago and FOR LEASE signs were up in front of many (seemingly 50 %) of the large warehouse - office complexes.
The govt. isn't helping things with their confiscatory corporate tax rates.
It's hard to blame 'em companies for fleeing.
I, agree about the commercial real estate trouble (soon to be bubble, IMO). It seems like developers took advantage of the influx of cheap foreign insourced labor and built structures that are in many cases are vacant today. Combine that with the outsourcing / off shoring of American industry and you have a recipe for trouble.
I was driving through areas of "the former" Silicon Valley about a month ago and FOR LEASE signs were up in front of many (seemingly 50 %) of the large warehouse - office complexes.
The govt. isn't helping things with their confiscatory corporate tax rates.
It's hard to blame 'em companies for fleeing.
ChefChiTown
The secret ingredient? MY BALLS
I hope people saw this week's episode of South Park. It was making fun of how crazy everybody is getting over our economy, acting like it's some sort of all-powerful being...even though we are the ones who created it.
Well some progress is being made at the G20 summit...dow jones is over 8000 points right now the big 3 are planning and writing proposals to get bailouts....things aren't perfect...job losses continue to mount and the economy is still uncertain but I believe things are heading in the right direction...the world survived the dot.com bubble, the fall of enron and worldcom...
great read! thanks....
well the dow jones ant TSX all are up quite considerable since march....numbers all around are getting better....thoughts?....is the economy getting better?....
Not around here it's not. Michigan has been way too dependent on ONE industry for a century now. The polititians keep giving lip service about diversity. Nothing changes though. Oh well, fuck it. I'm going fishin' now.:wave2:
i haven't heard much about lending going up yet but i may have missed something. however, if companies can't get money for payrolls more smaller companies will continue to fail. since the dow, s&p, and nasdaq are not a reflection of smaller companies tho they improve the national gdp will go down over the course of this year unless sensible lending begins to happen. as these smaller companies fail unemployment will continue to rise too, also no bueno.
the markets are showing signs of recovery....the numbers are up...is the worse behind?...
I would wait more...
Wainkerr99
Closed Account
Well, an estimated 57 million people will be out of work:
http://news.bbc.co.uk/2/hi/business/8259032.stm
The world economy is picking up, but there will a great cost to the lives of very many people.
http://news.bbc.co.uk/2/hi/business/8259032.stm
The world economy is picking up, but there will a great cost to the lives of very many people.
No. In fact the current economic downturn is rapidly becoming a depression.
I read somewhere the other day that banks are right back doing high risk investing...again with little to break their fall...I guess we won't be satisfied until we destroy it all and the highest priced commodity becomes be the ability to make fire.
busenbust
^^^^
(Wash/rinse/repeat - they can't help themselves.) And: it's the two percentile extremely affluent Americans who have, relatively speaking I mean, been untouched by the bloodbath in Markets since Sep. 08 to March 09. Sure, many have seen some of their savings/capital wiped out and been plagued by Madoff et al., but they have been able to preserve much of their capital - unlike the common folk. This is why we are seeing the Luxury Goods Index, for example, showing such a remarkable come-back in the last few months.
That two percentile could well be enough to pull off a remarkable economic recovery (think of durable goods for example), and at the very least curb any further decline - we're seeing this now. Will unemployment continue to rise? Yes? Will the market fall back to Dow 7000?? Unlikely. Will the Fed:conehead: raise rates? No. Will the savings rate continue to decline? Worryingly, yes. All that talk about deflation - no Fear now, except Fear itself:shocked:
That two percentile could well be enough to pull off a remarkable economic recovery (think of durable goods for example), and at the very least curb any further decline - we're seeing this now. Will unemployment continue to rise? Yes? Will the market fall back to Dow 7000?? Unlikely. Will the Fed:conehead: raise rates? No. Will the savings rate continue to decline? Worryingly, yes. All that talk about deflation - no Fear now, except Fear itself:shocked:
