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Ollie
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that's not saying much when you don't know what the truth is.
Is the economy turning?
- Thread starter sledskiing
- Start date
that's not saying much when you don't know what the truth is.
I sure hope things start picking up soon. Our shop just laid off 2 guys here in Edmonton as well as a bunch of guys up in Ft.Mac. So now its just me and another guy pullin' wrenches in the E-town shop. I'm pretty thankful they chose to keep me employed but we'll how that works out in the next three months
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Anybody need heavy equipment rentals?
.Anybody need heavy equipment rentals?
I think this can be used to understand that the economy has not hit bottom yet http://www.nytimes.com/2009/05/14/opinion/14Gao.html?partner=rss&emc=rss
On the other hand for those looking to buy a house start checking with the large banks in your area, The smaller banks are not cutting the deals & still trying to get full doller on the foreclosure's the hold. The large non local banks are dumping their foreclosures. A buddy just closed on a 10 year old 3 bedroom 2 bath ranch, 40'x60' finished pole barn, pond w/stream on 3.5 acres & 200' paved drive that went back @ $182k, His closing price was 54k!
For some the economy has bottomed & others it's still coming.
On the other hand for those looking to buy a house start checking with the large banks in your area, The smaller banks are not cutting the deals & still trying to get full doller on the foreclosure's the hold. The large non local banks are dumping their foreclosures. A buddy just closed on a 10 year old 3 bedroom 2 bath ranch, 40'x60' finished pole barn, pond w/stream on 3.5 acres & 200' paved drive that went back @ $182k, His closing price was 54k!
For some the economy has bottomed & others it's still coming.
and yet you didn't answer a single one of those questions, I'd be proud to claim that I own a house...but I don't, Chase bank (WAMU) owns it. But I'm working toward ownership
I got a TV too, but I rarely turn it on anymore. I flip thru channels and everything is garbage filler channels. I'm too cheap to buy pRon channels
and yet you didn't answer a single one of those questions, i'd be proud to claim that i own a house...but i don't, chase bank (wamu) owns it. But i'm working toward ownership
i got a tv too, but i rarely turn it on anymore. I flip thru channels and everything is garbage filler channels. I'm too cheap to buy pron channels :d
lmao!!
So for all these experiences listed above, does that make a person knowledgable enough to talk about social and economic policy for a country?
Is there a difference between macro and micro economics?
Will you ever put your thoughts into a topic or point of discussion besides that I am dumb?
Please, for someone who obviously has experience and knowledge to understand many complex things, I would appreciate your thoughts on the subject.
I quick funny retort will do as well...
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Ollie
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"You have no idea what high interest rates does to an economy...
High interest rate makes credit hard to come by, taking money out of the economy slowing it down. It is a method of forcing people to save more, rather then borrow and spend. This happens with business always. It reduces growth. Seems most on here would argue that is what we need."
Ruffy, it is more than just slowing the economy down.
When a company has to pay more for materials because of the lower value of the dollar, those costs get passed on to us. Everything costs more and I mean EVERYTHING.
It is much harder to save money because incomes go down while costs go up.
Personal bankrupcy becomes a common thing. Makes what is happening now seem like a spring walk.
Just wait, you'll see.
High interest rate makes credit hard to come by, taking money out of the economy slowing it down. It is a method of forcing people to save more, rather then borrow and spend. This happens with business always. It reduces growth. Seems most on here would argue that is what we need."
Ruffy, it is more than just slowing the economy down.
When a company has to pay more for materials because of the lower value of the dollar, those costs get passed on to us. Everything costs more and I mean EVERYTHING.
It is much harder to save money because incomes go down while costs go up.
Personal bankrupcy becomes a common thing. Makes what is happening now seem like a spring walk.
Just wait, you'll see.
Where did the lower value of the dollar come from? Generally an increase in interest rates, contracts the money supply, there for causing deflation.
High interest rates coupled with a large increase in costs, will cause what you are talking about. I believe this was the 70s and they called it stagflation. The cause was high interest rates with a large increase in oil costs. Since the US runs on oil, the cost of everything increased causing the inflation, and the high interest rates caused the stagnation. At least that is how I understand.
What time period are you talking about?
H
H2SNOW
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actually .....we all run on and need oil ...muh
no WE ALL don't... some people in this world don't... not many, but some..
M
MPS
Well-known member
ya they are called third world countries
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Ollie
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You are about to see the exact same thing again.
All major oil producing countries want oil to be at least 70 dollars a barrel. Couple that is the devalueation of the US dollar and we are right back where we were in the 70's.
Now if the dems hadn't put a death grip on our ability to produce our own oil we could avoid the worst of it, but Obama and the dem leaders are anti-drill.
Lack of forsight, lack of understanding of history and lack of financial awareness are all combined in the Obamanation currently sitting in the white house. He has zero clue what he is doing or the repurcusions of it.
But you and I will, and very shortly.
So for all these experiences listed above, does that make a person knowledgable enough to talk about social and economic policy for a country?
Is there a difference between macro and micro economics?
Will you ever put your thoughts into a topic or point of discussion besides that I am dumb?
Please, for someone who obviously has experience and knowledge to understand many complex things, I would appreciate your thoughts on the subject.
I quick funny retort will do as well...
Looks like a copy and paste job... Glad to see you can use Google to find information of what others have done. One day you might know a thing or two......maybe.
H
H2SNOW
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can't believe that it took you this long to bite .....:Hook Line and Sinker" booyaa !!!
Dear Stupid Democrat ....................
Some Products From Oil
This is a list of some of the products made from oil. Nearly everything in our lives is made from oil, made by machinery and systems dependent on oil, and transported by oil as either gas or diesel fuel.
Ammonia, Anesthetics, Antihistamines, Artificial limbs, Artificial Turf, Antiseptics, Aspirin, Auto Parts,CDs,computers,chairs,speaker housing,forks,knifes,baby thermometers,J-Clothes,,defibulators,condoms,satelite radios,passports,gift cards,Awnings, Balloons, Ballpoint pens, Bandages, Beach Umbrellas, Boats, Cameras, Candles, Car Battery Cases, Carpets, Caulking, Combs, Cortisones, Cosmetics, Crayons, Credit Cards, Curtains, Deodorants, Detergents, Dice, Disposable Diapers, Dolls, Dyes, Eye Glasses, Electrical Wiring Insulation, Faucet Washers, Fishing Rods, Fishing Line, Fishing Lures, Food Preservatives, Food Packaging, Garden Hose, Glue, Hair Coloring, Hair Curlers, Hand Lotion, Hearing Aids, Heart Valves, Ink, Insect Repellant, Insecticides, Linoleum, Lip Stick, Milk Jugs, Nail Polish, Oil Filters, Panty Hose, Perfume, Petroleum Jelly, Rubber Cement, Rubbing Alcohol, Shampoo, Shaving Cream, Shoes, Toothpaste, Trash Bags, Upholstery, Vitamin Capsules, Water Pipes, Yarn
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He'll keep it up because he still doesn't get it... ignorance is bliss.
H
