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How's the economy? - 10/13/2006 3:42:58 PM

LTRsubNW

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Now I know there are more than a few naysayers out there and others who think everything is always rosy...in the mix, there are workers and owners...tell me what's going on (and where you're from please)...I travel a lot around the country (my business is national...and I'm truly very curious about all and various parts of the country).

How's things going where you are?

(In detail, if you can give it).

Post #: 1

RE: How's the economy? - 10/13/2006 3:48:26 PM

KenDckey

Posts: 4121
Joined: 5/31/2006
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Things are going great out here in Kingman AZ (heart of Route 66). The people from Cali think the dirt in the desert is worth gold ($2 a sq foot for just the dirt)

Wages are just barely over minimum and therre is little industry (the biggest being shipping drugs to Las Vegas and points north). But the jobless rate is only 1.5%. The rest of us are retired.

(in reply to LTRsubNW)

Post #: 2

RE: How's the economy? - 10/13/2006 4:10:09 PM

Lordandmaster

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Where I live, in my quaint DOR suburb of Philadelphia, everything is going fine--but that's because everyone is or is married to a DOR. Or else they work in Manhattan and live here because it costs less than half of what they'd pay in Westchester, and the commute isn't any longer.

Everywhere else, things suck.

(in reply to LTRsubNW)

Post #: 3

RE: How's the economy? - 10/13/2006 4:10:15 PM

Chaingang

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All of the indicators have been gamed to make things look good - that tells me that everything is actually shit. If it were otherwise, they wouldn't have to rig the results they would have gotten normally.

When you are robbed it's best if the thief can conceal this fact from you until the last possible moment. Some things, like paper money, are institutionalized theft - you are robbed continually but never notice because the pieces of paper always look the same.

BTW, I've posted several messages on the overall economic problems faced by the U.S. but people just want to ignore those very important stories about wall street, real estate, China's support of the dollar, etc. Here's one link:

http://www.collarchat.com/m_475392/mpage_1/key_darkside/tm.htm#475392

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(in reply to KenDckey)

Post #: 4

RE: How's the economy? - 10/13/2006 4:24:10 PM

LTRsubNW

Posts: 1604
Joined: 5/6/2006
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quote:

ORIGINAL: Lordandmaster

Where I live, in my quaint DOR suburb of Philadelphia, everything is going fine--but that's because everyone is or is married to a DOR. Or else they work in Manhattan and live here because it costs less than half of what they'd pay in Westchester, and the commute isn't any longer.

Everywhere else, things suck.

DOR?

(By the way...Westchester's a great little town...great little donut shop on some little rat hole road {a friend of mine will have to tell me where it is}...awesome coffee)

< Message edited by LTRsubNW -- 10/13/2006 4:26:09 PM >

(in reply to Lordandmaster)

Post #: 5

RE: How's the economy? - 10/13/2006 4:24:40 PM

Sinergy

Posts: 9383
Joined: 4/26/2004
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quote:

ORIGINAL: Chaingang

All of the indicators have been gamed to make things look good - that tells me that everything is actually shit. If it were otherwise, they wouldn't have to rig the results they would have gotten normally.

When you are robbed it's best if the thief can conceal this fact from you until the last possible moment. Some things, like paper money, are institutionalized theft - you are robbed continually but never notice because the pieces of paper always look the same.

BTW, I've posted several messages on the overall economic problems faced by the U.S. but people just want to ignore those very important stories about wall street, real estate, China's support of the dollar, etc. Here's one link:

http://www.collarchat.com/m_475392/mpage_1/key_darkside/tm.htm#475392

What amuses me is the latest October surprise which is the relaxation of the price of gasoline.

The party in power is hoping people will not remember paying $3.35 a gallon, and will not remember the fact that gasoline was half the price under Clinton and a democratic controlled Congress when it comes time to vote.

Just me, could be wrong, but there you go.

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(in reply to Chaingang)

Post #: 6

RE: How's the economy? - 10/13/2006 5:16:54 PM

cuddleheart50

Posts: 9718
Joined: 2/20/2006
From: Kentucky
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The economy is not so good where I live, unemployement is high.

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(in reply to Sinergy)

Post #: 7

RE: How's the economy? - 10/13/2006 5:21:01 PM

LTRsubNW

Posts: 1604
Joined: 5/6/2006
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quote:

ORIGINAL: Sinergy
What amuses me is the latest October surprise...The party in power is hoping people will not remember paying $3.35 a gallon, and will not remember the fact that gasoline was half the price under Clinton

(What...you figured Bush was going to play fair?)

And by the way....let's get the facts straight...it wasn't $3.35 a gallon...it was $3.29.995)

< Message edited by LTRsubNW -- 10/13/2006 5:28:10 PM >

(in reply to Sinergy)

Post #: 8

RE: How's the economy? - 10/13/2006 5:31:33 PM

sophia37

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Joined: 2/7/2006
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I live in NYS. I am a craft artisan and travel a circuit in NY CT MA VY NH PA. I thought last year was a rotten year but this year has been far worse. It has rained every weekend except for three this season. Add that, to a lousy economy and well, it curtains I tell'y! Curtains!

I work in entertainment so people have first to pay to get in the door. Then they buy food. I sell impulse-buy goods, handcrafted in the US. Over the years festivals have lost a lot of artisans due to the fact that its tuff to make a living making and selling your own handcrafted stuff. So the import items have replaced the outgoing artisan.

Artisans cant compete with chinese imports. And chinese imports have taken off in direct relation to the price of gas. The public buys a dollar item if they can. And theyve been given the choice to do just that more and more.

I cant blame people for being broke these days. They've gone into completel shock over the rise in price for everything. But imports lower our own wages in the end. And we will no longer be able to buy much of anything with no jobs left in the country except min. wage. Thats were we're headed. If I stayed here at home the only jobs in my community top out at 8-9 bucks per hour. That includes sub teaching at the schools (58 dollars per day and a tank of gas is what?) and nursing care and even government jobs.

Yup god bless america. Wheres my flag.

(in reply to cuddleheart50)

Post #: 9

RE: How's the economy? - 10/13/2006 5:50:28 PM

CrappyDom

Posts: 1883
Joined: 4/11/2006
From: Sacramento
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The US economy is dismal, look up the percent of government spending compared to GDP, the amount of this economy that is being produced by private industry is lower even than under Bush sr. or Raygun while under Clinton gov spending was at its lowest.

Combine that with consomers spending an ever increasing percentage of their income just to pay off debt and the govt numbers underreport it because they take average income which included the top 10% of the country, the only ones seeing gains in wealth, massive ones of course.

Wages, which have been flat for 35 years have started to actually fall.

More US debt is held overseas than ever.

The housing market is about to implode

The dollar is about to implode

But other than that, things are going really really great.

(in reply to sophia37)

Post #: 10

RE: How's the economy? - 10/13/2006 6:32:50 PM

Lordandmaster

Posts: 10943
Joined: 6/22/2004
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"DOR" stands for "Daughter of the Revolution," and Westchester is a county, not a town. You must be thinking of the wrong Westchester.

http://www.westchestergov.com/

quote:

ORIGINAL: LTRsubNW

quote:

ORIGINAL: Lordandmaster

Where I live, in my quaint DOR suburb of Philadelphia, everything is going fine--but that's because everyone is or is married to a DOR. Or else they work in Manhattan and live here because it costs less than half of what they'd pay in Westchester, and the commute isn't any longer.

Everywhere else, things suck.

DOR?

(By the way...Westchester's a great little town...great little donut shop on some little rat hole road {a friend of mine will have to tell me where it is}...awesome coffee)

< Message edited by Lordandmaster -- 10/13/2006 6:33:27 PM >

(in reply to LTRsubNW)

Post #: 11

RE: How's the economy? - 10/13/2006 6:33:43 PM

WyrdRich

Posts: 1733
Joined: 1/3/2005
Status: offline

Well, the illegals in the Home Depot parking lot seem to getting hired early in the day....

(in reply to LTRsubNW)

Post #: 12

RE: How's the economy? - 10/13/2006 8:11:04 PM

akisha

Posts: 2071
Joined: 6/25/2005
Status: offline

I realize this thread is aimed mainly for y'all in the US but I'm going to respond anyway.

I'm in Northern Alberta, Canada.

The economy here is unreal. The only thing hindering us is they can't build places to live fast enough tpo accomidate people looking and the cost of housing is skyrocketing. But this will level out, probably with in 3 years. If you aren't employed it's because you probably don't want to be, or there is a serious reason that no one wants to hire you.

Heck at A&W and McDonalds they are paying up to $16/hr. Fuel is at 90 cents a litre which is really not that bad if you consider that 15 yrs ago it was 49 cents a litre.

Our skilled labour in Alberta is at a 40,000 personnel shortage. They figure predicted if things continue as they are, by 2010 we'll be short by close to 100,000 skilled personnel due to the fact that all the babyboomers are retiring. The Canadian and Alberta government has started a campaign to fasttrack immigration processing for skilled people. Work visa's are being issued enmasse to other countries.

Yes it's due to the oil boom that is happening right now, and many will say it's going to die a short and horrific death in short order. I guess that depends on what you consider a short or long time. for me 15 - 20 years of high employability sounds pretty good *S*

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Post #: 13

RE: How's the economy? - 10/13/2006 8:21:45 PM

BlkTallFullfig

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I think the economy is terrible even if the indicators say otherwise.
Myself and most, if not all of my coworkers have had to pick up more time at work, and therefore less time with family, to make ends meet (not be better off, but to make ends meet).
Poor people are having to move out of state because they cannot afford their homes anymore; others are moving back with siblings to make ends meet. So in my opinion/observation, even though I haven't the research to show it, the economy is not doing well. M

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(in reply to LTRsubNW)

Post #: 14

RE: How's the economy? - 10/14/2006 12:49:43 AM

UtopianRanger

Posts: 3251
Status: offline

quote:

ORIGINAL: Chaingang

All of the indicators have been gamed to make things look good - that tells me that everything is actually shit. If it were otherwise, they wouldn't have to rig the results they would have gotten normally.

People see what they want to see when they have a vested interest in a certain segment of the economy. This is perhaps my favorite subject…so I like to rely on identifiable raw numbers, which translate into cold hard facts.

Probably the most tell-tale sign that gives one a true inside-look of what’s to come in the future is a recent statistic {reported in the Economist} which says : Over the past four years, consumer spending and residential construction have accounted for ninety-percent of GDP growth – That would seem to suggest that folks who are borrowing against a fictitious, appreciated book value in their homes, are in large part responsible for most of the growth in the GDP.

What this means to me.... is the greatest industial revolution ever experienced on this planet has been surplanted by a bunch google-eyed bow-tie wearing, lawyers and bankers that make money by manipulating other money. We no- longer produce anything of value - And its going to come back to haunt us in the near future.

- R

< Message edited by UtopianRanger -- 10/14/2006 12:53:42 AM >

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(in reply to Chaingang)

Post #: 15

RE: How's the economy? - 10/14/2006 1:17:36 AM

nefertari

Posts: 425
Joined: 7/22/2006
Status: offline

quote:

ORIGINAL: UtopianRanger

Probably the most tell-tale sign that gives one a true inside-look of what’s to come in the future is a recent statistic {reported in the Economist} which says : Over the past four years, consumer spending and residential construction have accounted for ninety-percent of GDP growth – That would seem to suggest that folks who are borrowing against a fictitious, appreciated book value in their homes, are in large part responsible for most of the growth in the GDP.

What this means to me.... is the greatest industial revolution ever experienced on this planet has been surplanted by a bunch google-eyed bow-tie wearing, lawyers and bankers that make money by manipulating other money. We no- longer produce anything of value - And its going to come back to haunt us in the near future.

- R

And with the real estate market in decline and home values falling, some experts (see Forbes) predict a recession as people will no longer "feel" as wealthy and won't have as much equity in their homes to borrow against and then contribute to the economy.

Borrowing against your home to take a vacation or buy a car is such a bad idea anyway. First of all, do you really want to pay for that vacation for the next 15, 20 or 30 years - with interest? Second, unless you plan on being in your house for a long time, you are going to take a hit when you sell. Especially in a declining market - you end up with a house mortgaged for more than it is worth. Third, the interest rate on a second mortgage or home equity loan is higher than your interest rate on your initial mortgage. There is more, but I'm tired. Forgive me.

I'm in Ohio. Jobs are hard to come by. The real estate market has declined marketedly. We have one of the highest foreclosure rates in the country (I heard second only to Michigan, but I haven't verified that). Wages are stagnant, but property taxes are rising. Ohio is a very tax heavy state so we have a hard time enticing business. College grads tend to leave the state for jobs - have to go where the jobs are. Health insurance premiums have consistently gone up anywhere from 20 - 40% a year for the last 5 years (that I'm aware of personally) while the amount of coverage decreases. Yada, yada yada....

(in reply to UtopianRanger)

Post #: 16

RE: How's the economy? - 10/14/2006 2:06:03 AM

FangsNfeet

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A president and politicians do not controll the price of gasoline. There have been no significant tax increases on gas in a while. It's all been marked up by corporation in accordance with Supply and Demand.

Hurricane season has been lite this year. Refineries are pumping out numbers and we're now buying gas at $1.98 9/10 per gallon.

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Post #: 17

RE: How's the economy? - 10/14/2006 4:57:44 AM

MizSuz

Posts: 1881
Joined: 1/1/2004
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quote:

ORIGINAL: LTRsubNW

And by the way....let's get the facts straight...it wasn't $3.35 a gallon...it was $3.29.995)

Not in upstate NY. We saw 3.34.

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(in reply to LTRsubNW)

Post #: 18

RE: How's the economy? - 10/14/2006 10:11:01 AM

FangsNfeet

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quote:

ORIGINAL: MizSuz

quote:

ORIGINAL: LTRsubNW

And by the way....let's get the facts straight...it wasn't $3.35 a gallon...it was $3.29.995)

Not in upstate NY. We saw 3.34.

That's still less than milk, bottled water, and OJ.

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Post #: 19

RE: How's the economy? - 10/14/2006 10:12:58 AM

Lordandmaster

Posts: 10943
Joined: 6/22/2004
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I can get all three of those for less than $3.34.

Actually, the price per gallon of milk and the price per gallon of gasoline have been rising and falling together. It's an interesting phenomenon.

quote:

ORIGINAL: FangsNfeet

quote:

ORIGINAL: MizSuz

quote:

ORIGINAL: LTRsubNW

And by the way....let's get the facts straight...it wasn't $3.35 a gallon...it was $3.29.995)

Not in upstate NY. We saw 3.34.

That's still less than milk, bottled water, and OJ.

(in reply to FangsNfeet)

Post #: 20

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