We may be approaching bottom of the recession

uscitizen said:
I respectfully disagree. If this were a normal econimic adjustment type of recession you would be correct. However this is much more than a run of the mill recession.

Learning to live well with less is what is coming for America.
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Well, I agree on that. I think the days of living above the means are certainly coming to an end.

That said, I am not pessimistic about the future as far as employment & the overall economic picture. Obama is doing the right thing by investing in our future in areas like healthcare & energy. If we're talking about a "bottom" as far as any real metrics go - employment, consumer confidence, productivity, etc. - we're definitely close; we may not be there yet, but we are close.
 
Ohh I think the Obama method is far better than the Bush method.
America must basically be rebuilt after the republican rape of America era.

And note that most of our economic growth ovewr the past 8-10 years has not been true growth. But growth based on overextended credit and such.

So making more credit available is not the answer.
 
uscitizen said:
I respectfully disagree. If this were a normal econimic adjustment type of recession you would be correct. However this is much more than a run of the mill recession.

Learning to live well with less is what is coming for America.
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no doubt it is.. its going to wind up being 2-3x longer then avg recessions.. if the recession started in Q1 of 2008 like some say and we are at midpoint by Q209 then thats a 2.5year recession my friend.
 
both of you high school graduates don't know shit about the economy. USGED was only right about leaving the hag he was about to kill.
The FED and Obama will get the economy running again and better than before.
Democrats will by force of pain come out of the recession financially smarter than they went in.
Plus, are you guys freaking serious? The best this country can do is what we achieved under Bush.
Just the fact that blacks have been carrying an artificial weight on their backs that is going to start to be lifted is going to drive this economy better than most of you high school and community college grads can grasp.
Check me now. Come back in 8yrs and tell me what median black income and unemployment is. I'm better the numbers are schockingly better 8yrs from now.
 
Yes the black middle calss is emerging and has been for years.

You were wrong toppy, you have changed your view to mirror UScs over the last couple of years.

USc has warned of nearly EVERYTHING that HAS happend over the years and you poo pooed it.

It is just beyond me how some people can NEVER admitt they were wrong.

Like both me and USc predicted , no one will admitt to being a Bush fan.
 
evince said:
Yes the black middle calss is emerging and has been for years.

You were wrong toppy, you have changed your view to mirror UScs over the last couple of years.

USc has warned of nearly EVERYTHING that HAS happend over the years and you poo pooed it.

It is just beyond me how some people can NEVER admitt they were wrong.

Like both me and USc predicted , no one will admitt to being a Bush fan.
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I was a Bush fan....in 2000. I have no problem admitting that.
 
leaningright said:
It is pretty evident that some on here look down on uscitizen. Even though we don't agree on a whole lot, politically speaking, usc would be one of those who I wouldn't mind sharing a coke and visiting with. Make mine a Mountain Dew.
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Yeah! another dewaholic :)

Yes I feel you too would make a good neighbor.

And yes we differ greatly on several points politically and spiritually.

The trick is to recognize good people even if they are different from you.
 
Onceler said:
USC, you are unnecessarily pessimistic about this. Frankly, I don't get it.

We are definitely near bottom.
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To say we are definitely near bottom is a bit premature.

The Dow has had a major technical break which is very bearish.

The S&P is barely hanging above a major breakdown.

We are sitting on the edge right now. If the S&P also breaks, we could easily be down another 15-20% before new support levels kick in.

Bringing back the uptick will help... but we are not quite out of the woods yet with regards to a further downturn in the market.
 
neither one of you's has had a business class in your life.
Predicting a recession for 4yrs is not getting anyting write. You were both wrong for 3 yrs before you were right.
And if either of you has an ounce of Honesty, I started telling Chap that Housing prices shouldn't be going up at more than the long term 6% average about 2 yrs ago.
 
Superfreak said:
To say we are definitely near bottom is a bit premature.

The Dow has had a major technical break which is very bearish.

The S&P is barely hanging above a major breakdown.

We are sitting on the edge right now. If the S&P also breaks, we could easily be down another 15-20% before new support levels kick in.

Bringing back the uptick will help... but we are not quite out of the woods yet with regards to a further downturn in the market.
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Yeah it is one heck of a sales job that is needed?
And yes one heck of a sales job will be needed even if or especially if the push is the in longer term sustainable growth methods for America.

Or do we have reqal physical and fiscal problems contributing to length and depth of this recession? Offshoring of jobs. Stagnant working wages? Onshoring of offshore workers? High debt levels on all levels from the Treasury on down to the poor minimum wage worker.

The extreme high cost of oil was another trigger to snap the false economy out of it's bubble from an alternate universe. Most of our growth in recent years is what you and I and that poor working class paid at the gas pumps.

That targeting of the lower income levels for profit from loans to them was really the final area of exploitation. The rest of the levels were already tapped out on credit. Rating the sub primes as "low risk packages" to investors also eager to make MORE profit.

But of course the experts are statistically more correct to label this one as just a market correction.
 
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I have been telling my son he needs to sock away as much cash as he can and get ready for the great opportunity phase we will be reaching in a couple of years.

There is going to be a shit load of commercial property sitting open. There is going to emerge a great time of small businesses rule. Cheap space rental and legislation to promote busniess starts. It will be time to try and make what you love a sellable service or commodity. Those who are ready to go when they spot the momment will have some great opportunities.
 
evince said:
I have been telling my son he needs to sock away as much cash as he can and get ready for the great opportunity phase we will be reaching in a couple of years.

There is going to be a shit load of commercial property sitting open. There is going to emerge a great time of small businesses rule. Cheap space rental and legislation to promote busniess starts. It will be time to try and make what you love a sellable service or commodity. Those who are ready to go when they spot the momment will have some great opportunities.
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Very True.
 
Topspin said:
neither one of you's has had a business class in your life.
Predicting a recession for 4yrs is not getting anyting write. You were both wrong for 3 yrs before you were right.
And if either of you has an ounce of Honesty, I started telling Chap that Housing prices shouldn't be going up at more than the long term 6% average about 2 yrs ago.
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LOL!!!

I predict we'll have a recovery! See whether its in one, two or three years we can all look back and see that I was right and I called it. Well done cawacko.
 
It is a matter of timing. If the next 3 months are finiancially like the past 3 then it is going to be a long haul out of the hole.
If the next 3 months are nearer to flat then yeah prob another year till any real upturn.
 
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