Do you think the economy is turning? I think I can see it from my business.
Is the economy turning?
- Thread starter sledskiing
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Supplicate
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I wouldn't call it turning, I would call it a slacking of the decline.
Sales are still dropping, GM is still going in the tank; but some people are finally realizing that the talking heads of mass media have been blowing a lot out of proportion.
Sales are still dropping, GM is still going in the tank; but some people are finally realizing that the talking heads of mass media have been blowing a lot out of proportion.
I believe it is turning around. Our company is a machine builder and we had to let go 40 guys in January, we recently hired everyone back and are looking for more people. We now have a four month backlog and are at maximum capacity in manufacturing. This is a strong indicator that we have surpassed the lowest point and are on the way back up.
Good for you guys!!! I don't think the turn around happens until unemployment numbers start going down.
Around here it's getting worse, With spring here & load restrictions off the roads we should be booming with people back to work but it aint happening. Heck the road construction company doing our downtown streets has only brought back 1/3rd of his employees & he is using the shovel ready stimulis money we have all been told about.
We are repairing cars that we never would have fixed 4 years ago, People are broke & repairing what they have.
The unemployment numbers don't take into acount self employed people looking for work. There are quite a few of them around here.
No, the economy is not turning, it is being artificially ramped up from trillions of borrowed dollars pumped into it. This will give people a false sense of security, get them off guard, and hit them twice as hard a year from now when the money has all been paid to CEO's, and government pork.
I hate to be a pessimist and would love for someone to put me in my place, but to do so I need to see evidence of what has been done to fix any of the problems that originally created this mess.
I guess as long as we can afford to dump trillions of borrowed dollars into a broken system every year it will appear the problems have been fixed. However, next year the government won't be able to borrow the money or print it. They will get it from your savings and 401K. Once they have stolen all of our money for the greater cause, they will tax us 60%. So the only question is, will the government allow us to face the Piper, or does the revolution take place before they take our money or when they tax us into slavery?
I hate to be a pessimist and would love for someone to put me in my place, but to do so I need to see evidence of what has been done to fix any of the problems that originally created this mess.
I guess as long as we can afford to dump trillions of borrowed dollars into a broken system every year it will appear the problems have been fixed. However, next year the government won't be able to borrow the money or print it. They will get it from your savings and 401K. Once they have stolen all of our money for the greater cause, they will tax us 60%. So the only question is, will the government allow us to face the Piper, or does the revolution take place before they take our money or when they tax us into slavery?
I have a buddy that is a carpet installer & he is having the best year of his career, Installing carpet for bank repos & home owners trying to build equity for their refi's
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Ollie
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Heres the problem.
Currently we are seeing a slow turning around.
The problem is, as has been stated, it's artificial.
With the government ramping up the money it is going to show an improvement. THe problem is we haven't seen the other shoe drop.
Inflation.
One of two things is about to happen.
Either the economy has been kickstarted and becomes self sustaining again. At which point inflation will go thru the roof (the dollar will be worth next to nothing), and the economy will fall back till the dollar stabilizes.
Or
When the infusion of cash stops (at the end of 2010), the economy will sputter and fall back. Just as a car when you run out of gas.
We are in no means out of the woods.
The economy hasn't been allowed to right itself. It has been played with and monkey'd with to the point I don't think we will see a full recovery for 6-8 years. By the time we do have a full recovery, we will be SO far in debt that the debt we built up to get out of the recession will be the thing that holds us back and could very well throw us into a full blown depression.
We couldn't pay off 5 trillion in debt, how are going to pay off 12 trillion?
Currently we are seeing a slow turning around.
The problem is, as has been stated, it's artificial.
With the government ramping up the money it is going to show an improvement. THe problem is we haven't seen the other shoe drop.
Inflation.
One of two things is about to happen.
Either the economy has been kickstarted and becomes self sustaining again. At which point inflation will go thru the roof (the dollar will be worth next to nothing), and the economy will fall back till the dollar stabilizes.
Or
When the infusion of cash stops (at the end of 2010), the economy will sputter and fall back. Just as a car when you run out of gas.
We are in no means out of the woods.
The economy hasn't been allowed to right itself. It has been played with and monkey'd with to the point I don't think we will see a full recovery for 6-8 years. By the time we do have a full recovery, we will be SO far in debt that the debt we built up to get out of the recession will be the thing that holds us back and could very well throw us into a full blown depression.
We couldn't pay off 5 trillion in debt, how are going to pay off 12 trillion?
and they say you are only a doom and gloom type of person.
So if the only foreseeable outcome is failure, why are you still here? Shouldn't you be moving or something? Or have you squirreled away enough nuts not to have to worry about it.
My prediction, we haven't hit the bottom yet. We have about another year till we do. Then I will buy a house and the economy will get better and then I will sell it for a fortune!! That is what my crystal ball tells me anyways..
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shortstop20
Well-known member
there probaly gonna be a turn around but unfortunately i think it will be short lived when obama policies catch up then talk about a depression it'll make this look like a piece of cake
Well the Ruffy is back, I missed your responses in the "In God We Trust" Post. Maybe if you were trying to run a business you might have a different outlook. I lived through the Johnson, Nixon Carter years, in fact I started my business in 1970 and I promise you have no clue what 18% interest and double digit inflation can do to an economy. Your clown has spent or obligated spending greater than all previous presidents combined, what a legacy. If you think this extravagent spending and printing of money wont cause hyperinflation and ruin of the economy you are either ignorant of economic or ignorant of history. Hope yopu enjoy the house you buy at 12% interest. Swampy
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Well the Ruffy is back, I missed your responses in the "In God We Trust" Post. Maybe if you were trying to run a business you might have a different outlook. I lived through the Johnson, Nixon Carter years, in fact I started my business in 1970 and I promise you have no clue what 18% interest and double digit inflation can do to an economy. Your clown has spent or obligated spending greater than all previous presidents combined, what a legacy. If you think this extravagent spending and printing of money wont cause hyperinflation and ruin of the economy you are either ignorant of economic or ignorant of history. Hope yopu enjoy the house you buy at 12% interest. Swampy
I plan on buying when housing gets a little lower and interest is the same as it is now. Hopefully that opportunity will still be around in a year or two. We shall see though...
My clown? Better then your monkey... Both in the same circus though..
Everyone must have a pipe dream I guess. I don't think the clown will be done in a year or two. Do some research on increasing the money supply and deficit spending as well as inflation rates over the last 40 years and you might want a monkey. Swampy
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Ollie
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I am a realist.
In my world, bambi doesn't speak, thumper is just breakfast that hasn't been caught yet and history actually does teach you something.
Why?
Because people such as yourself KEEP REPEATING THE SAME DAMN MISTAKES.
You can't toss money at something like this and expect it to suddenly all be majically better.
You can't take a single dollar, splitt it 4 ways and expect it to buy the same things a single dollar did before the split.
Shall we look at each others past history for predicting the economy, oil prices, housing bubbles, stock market crashes, credit card crashes, etc......
I am telling you what will happen based on what has happened in the past. I also lived thru the carter years of 10% inflation, home loans at 15% was considered good and unemployment rates of 10%+. Either you didn't, or you didn't learn anything from it.
Oh, and yep, I have a nice nest egg set aside for when your little dream world blows up. I can go over 12 months with zero income and not change a thing.
Ruffy: I would like to ask you your opinion on Obamas actions to this point in his administration with respect to spending, handling of the bailouts dictating to the corporations and their ceo's and the war. Are his actions what you had hope for? Swampy
