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Author Topic: 50% chance of recession?
glassman
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what does a recession really mean?

for the poor? not a thing.

for the lower middle class? will they "super-size" at Mickey D's or not?

for the middle middle class? will they have to switch back to Budweiser from Sam Adams or not..

for the upper middle class? will they replace their 40 footer boat/motor home next year or in three years...


for your broker? whether their year-end bonus has 5 figures or 7....

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Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
BooDog
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it means i can look forward to paying back double later.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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buckstalker
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Shoot...we've been in one for 2 years up here in Michigan

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It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
rimasco
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recession? The dow is pushing 14k again..... and crude is 80+ and people cant find work.... [Confused]

Maybe, in translation?... people are losing their jobs to companys streamlining and saving winfalls by the replacements of people with computers and machines/robotics. Thus leading to prettier spread sheets.... I have no clue [Confused]

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Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
IWISHIHAD
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I feel the same way as you Rimasco.
The part i don't understand is that there is more and more bad news that keeps surfacing and yet the dow is like the everyready battery it keeps going and going and going. [Confused]

If the stock market is an indicator of the how the economy is doing we should be doing great.

How long can the big boys hold up the market? It appears forever.

Posts: 3875 | From: ca. | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
glassman
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How long can the big boys hold up the market? It appears forever.

don't count on it...

bait and switch isn't played only in the penny market...

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Don't envy the happiness of those who live in a fool's paradise.

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buckstalker
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I'm with you Glass...the chit is going to hit the fan very soon...How bad is it?

Well...The state of Michigan's government is claiming bankruptcy and closing up shop next week...

http://www.wsws.org/articles/2007/sep2007/mich-s28.shtml

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It's all in the timing...

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rimasco
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quote:
Originally posted by retiredat49:
I'm with you Glass...the chit is going to hit the fan very soon...How bad is it?

Well...The state of Michigan's government is claiming bankruptcy and closing up shop next week...

http://www.wsws.org/articles/2007/sep2007/mich-s28.shtml

I think Jersey did the same thing last year?

Is America stir-frying its books? [Confused]

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"Simplicity is the ultimate sophistication"

Posts: 4005 | From: Shaolin | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
buckstalker
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quote:
Originally posted by rimasco:
quote:
Originally posted by retiredat49:
I'm with you Glass...the chit is going to hit the fan very soon...How bad is it?

Well...The state of Michigan's government is claiming bankruptcy and closing up shop next week...

http://www.wsws.org/articles/2007/sep2007/mich-s28.shtml

I think Jersey did the same thing last year?

Is America stir-frying its books? [Confused]

Yep...and all the while they keep sending our jobs overseas...I have been a member of the UAW for 30+ years and I could see this coming 5 years ago...you don't have to be a rocket scientist to figure it out...and don't think for one minute that it can't happen to you...it's just a matter of time.

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It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
thinkmoney
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plenty of jobs overseas in india , china, etc...and plenty here for the foreeigners...

look at it..most Indians, some chinese, etc. but americans..minority..yet many usa cant get jobs...
others will work for lesss...so usa cant compete with cheap labor....those from india are desperate and will work fer anything...
interesting why the werld comes here...why cant the freaking world go to the muslim nations?

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thinkmoney
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in Info tech, usa is the minority in most firms i work for...i consult...

why cant the world go elsewhere? all come here...brain drain, then cheap labor...mexicans, alll...

Posts: 864 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
   

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