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benjamin
6966 Posts |
 Posted - 07/03/2009 : 12:17:30 PM
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Simple math. Consumer spending is 2/3 of the economy.
Consumers are losings jobs and equity. Spending is low, savings going higher for those fortunate to be working.
I haven't heard of any new jobs being created. |
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MARKJOLLIFF
486 Posts |
Posted - 07/03/2009 : 4:28:33 PM
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Hopland and Adept (Greg and Dave) will profess their secret love for each other and argue over curtains for their new loveshack? |
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Adept Appraisal
1623 Posts |
Posted - 07/03/2009 : 4:37:12 PM
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I only tuned into this thread because I saw you had posted, Mark (I think you're a goody guy and wanted to know what you had to say), and if I can possibly accommodate your wish it shall be done!
;^)
Dave... |
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peter
6465 Posts |
Posted - 07/04/2009 : 12:15:20 PM
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Benjamin wrote:
"I haven't heard of any new jobs being created."
Time Magazine has a feature article on the new construction jobs
that were created under Obama's Stimulus Program. I read the article
but I think the impact is negligible and the creation of these
make-do jobs hardly offset the loss of jobs in other sectors of the
economy.
In fact, the loss of jobs is accelerating in correlation with the
increasingly severe credit crunch as banks are not lending. And the
reason why banks are not lending is because of the falling property
values, residential and commercial.
This is a circle of death in our economy and there is no end in sight,
unless the government steps in and natiionalize the lending function
by taking control of major banks, at least on an interim, emergecy
basis, before turning the control back to the private sector after
the recovery.
Otherwise, very soon, we will be like Argentina a few years ago when
the currency was so weak that it became almost worthless. This scenario
is not unthinkable as our dollar is getting weaker and weaker because
of the humongous debts we have been piling up as a scary percentage of
our GNP.
Our nation is borrowing from tomorrow just to get by for today.
What if tomorrow never comes as we hope?
Peter
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jmiller13
295 Posts |
Posted - 07/04/2009 : 12:36:07 PM
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My outlook is I'll spend the rest of the year recovering from the first half of 2009...
AVG'ed 65+ hrs / week from end of nov till about a month ago... probably took a total of about 25 days off total in a 7 month span.
Made a ton, and need to re-charge the battery.
I don't believe interest rates will get as low as they were in the spring and I don't see home prices becoming stable in at least 1.5 yrs for most parts of the country. |
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MARKJOLLIFF
486 Posts |
Posted - 07/04/2009 : 4:27:23 PM
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quote:
Originally posted by Adept Appraisal
I only tuned into this thread because I saw you had posted, Mark (I think you're a goody guy and wanted to know what you had to say), and if I can possibly accommodate your wish it shall be done!
;^)
Dave...
Just having fun. Lighten things up a bit. Have a nice 4th. Mark |
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