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View Poll Results: What is your 2008 economy prediction?
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Full steam ahead!
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1 |
2.63% |
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Slightly better than 2007
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2 |
5.26% |
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More of the same
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10 |
26.32% |
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We're due for a minor correction
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15 |
39.47% |
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Look out! Major recession ahead
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10 |
26.32% |
11-06-2007, 07:23 PM
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$ Saving College Freshman
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Join Date: Nov 2006
Location: New Jersey
Posts: 704
Points: 9977.40
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Quote:
Originally Posted by jIM_Ohio
layoffs are happening, albeit quiet.
watch employment numbers.
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I agree although the employment numbers can't be totally trusted.
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The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
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11-07-2007, 10:41 AM
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Sweeps: I totally agree with what you said about buying all of the crap. It's so true. We buy so much crap that we have to have garage sales and rent storage units to put all of our crap.
I'm not putting down garage sales, but just how much crap do we have there that ends up selling for little of nothing.
That's OK, I have a Honda too. It is built in the US and does supply work to our country. That's a catch-22 situation.
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11-07-2007, 10:59 AM
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$ Saving Post Graduate
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Join Date: Feb 2007
Location: Milford, OH
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Tongue in cheek:
Garage sales and e-bay are really bigger idiot methods of economics. The basic premise is you hope to find someone which is a bigger idiot than you to pay you for your used junk.
The person with all the stuff on their front lawn cannot sell their things. They are therefore the world's biggest idiot.
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Light travels faster than sound. That is why some people appear bright until you hear them speak.
One person's stupidity is another person's job security.
I give investment advice and financial advice. Nothing I do or don't do replaces the poster researching and double checking what I suggest. The poster taking my advice is responsible for their own actions.
http://jim.savingadvice.com/
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11-08-2007, 06:40 AM
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Debt Freedom Fighter
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Join Date: May 2006
Posts: 1,907
Points: 13350.20
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I predict that the overwhelming majority of common predictions will be wrong. (As usual.)
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"A budget is a mathematical confirmation of your suspicions." - A.A. Latimer
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11-08-2007, 07:29 AM
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$ Saving College Dept. Head
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I know my car was made in america!!
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11-08-2007, 08:24 AM
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$ Saving College Sophomore
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Join Date: Feb 2006
Location: Capital of the Free World
Posts: 821
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Quote:
Originally Posted by poundwise
I predict that the overwhelming majority of common predictions will be wrong. (As usual.)
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So ... that means your prediction will be wrong, and the common predictions will be correct??? 
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No deposit, no return!
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11-10-2007, 03:49 PM
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$ Saving College Junior
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What's happening these days in the economy is really scary. I'm talking about the real estate/mortgage markets and spiraling out of control oil prices. It's gonna get worse before it gets better.
I'm in hunker down mode.
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Wisdom begins in wonder.
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11-10-2007, 05:01 PM
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$ Saving College Freshman
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Location: New Jersey
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I'd say no recession but no domestic economic growth either.
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
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11-11-2007, 05:01 PM
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$ Saving HS Freshman
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Join Date: Oct 2006
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Don't tell people here in the US to stop buying crap. Then we will be in a recession for sure. Now personally I don't like to buy lots and lots of crap (last time I went to the mall was about 12 years ago) but we need these people. Just like those guys that are willing to take out loans for 10% or more from banks is the reason I can get 5% or more in my savings. I don't want to be them but I certainly don't want them to go away.
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11-12-2007, 05:51 AM
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Well, I wouldn't suggest going cold turkey, but it'd be nice to slowly ween off of consumerism and focus more and more on fiscal responsibility and corporate growth.
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11-18-2007, 08:43 AM
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$ Saving Fourth Grader
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Location: Halton Region, Ontario
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From a Canadian perspective, what bothers me is the fact that quite a few people I know don't see the 'problem' that is happening. Every single weekend, there are line ups at all border crossings, of Canadians trying to take advantage of the increased value of the Loonie.
What's mind-boggling is that alot of people are using credit to purchase all of these things... and the only reason why they're buying is because "wow, it's a deal!" They don't need what they're buying, they're buying because they feel they need to do so.
I know that next year, there is the potential for alot of people to dump their houses because they simply can't afford them. And with 200 new homes for my subdivision planned for the next 2 years, I don't know what's going to happen in our neck of the woods.
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11-27-2007, 09:07 PM
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$ Saving Sixth Grader
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Quote:
Originally Posted by sweeps
Interesting post, probably deserves its own thread.
I bought a Honda Odyssey... is that buying a USA product? 100% American labor, 80% American parts, built in Alabama. And it will likely last much longer than an equivalent Ford or Chevy will.
I would change things up a little bit and say instead of "Buy USA", "Buy less CRAP!" We (as a country) buy tons and tons of complete CRAP day in and day out. We are obsessed with CRAP. We borrow from other countries to buy CRAP, and then throw the CRAP away, and then we buy more CRAP to replace the CRAP. We've become hopelessly dependent on other countries (and on our own government) on providing us with CRAP. CRAP goods, CRAP services. We need to stop consuming CRAP and start producing useful, reliable goods and services that other countries WANT to buy and we ourselves are proud to buy.
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Hey, a little CRAP never hurt anybody... Now CARP, on the other hand... Stay away from those shifty fish! |
11-27-2007, 09:09 PM
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$ Saving Sixth Grader
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Join Date: Nov 2007
Posts: 61
Points: 345.00
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Quote:
Originally Posted by Fern
What's happening these days in the economy is really scary. I'm talking about the real estate/mortgage markets and spiraling out of control oil prices. It's gonna get worse before it gets better.
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Agreed. The national & consumer debt we're teetering under is staggering. I can see no happy ending, myself. |
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