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2008 Economy Predictions

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  • Sporkman
    replied
    Originally posted by Fern View Post
    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.
    Agreed. The national & consumer debt we're teetering under is staggering. I can see no happy ending, myself.

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  • Sporkman
    replied
    Originally posted by sweeps View Post
    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.
    Hey, a little CRAP never hurt anybody... Now CARP, on the other hand... Stay away from those shifty fish!

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  • Ariadne
    replied
    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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  • Broken Arrow
    replied
    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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  • rooskers
    replied
    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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  • kv968
    replied
    I'd say no recession but no domestic economic growth either.

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  • Fern
    replied
    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.

    Leave a comment:


  • vsjhoc
    replied
    Originally posted by poundwise View Post
    I predict that the overwhelming majority of common predictions will be wrong. (As usual.)
    So ... that means your prediction will be wrong, and the common predictions will be correct???

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  • Ima saver
    replied
    I know my car was made in america!!

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  • poundwise
    replied

    I predict that the overwhelming majority of common predictions will be wrong. (As usual.)

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  • jIM_Ohio
    replied
    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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  • Aleta
    replied
    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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  • kv968
    replied
    Originally posted by jIM_Ohio View Post
    layoffs are happening, albeit quiet.

    watch employment numbers.
    I agree although the employment numbers can't be totally trusted.

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  • Thrif-t
    replied
    Originally posted by sweeps View Post
    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.

    Here here

    Leave a comment:


  • sweeps
    replied
    Originally posted by Aleta View Post
    We all need to start becoming one nation again and not pulling each politcal party apart. We need to start demanding more of our politicians. Firstly, that they put USA first and not other outside interests. Maybe it would be good to start buying USA products again and start contributing to our economy by visiting the states in our country. We can add to our own economy by supporting it.

    I' m looking at items that I've had for so long now that says USA. Maybe we need to start buying USA again. It's much like the stock market; it will correct itself without very little help.

    I do see some bumps in the road, but we all need to band together as the great country that our forefathers imagined.
    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.
    Last edited by sweeps; 11-06-2007, 01:00 PM.

    Leave a comment:

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