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Started By
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At what point does this economy turn around?
Posted on 9/14/08 at 4:44 pm
Posted on 9/14/08 at 4:44 pm
After Freddie, Fannie and now Lehman about to bite the dust, at what point does the economy begin to turn around?
I've always believed America's economy was 'fundamentally' sound. So what is it going to take to beat this recession?
Thoughts?
I've always believed America's economy was 'fundamentally' sound. So what is it going to take to beat this recession?
Thoughts?
6
Posted on 9/14/08 at 5:00 pm to siliconvalleytiger
My 2 cents: let the alt-a loans settle out over the next year or two. Hope that Big Oil contracts with Iraq to bring their oil here. Let the financial industry get their footing. One to two years for a good turnaround, assuming our energy needs are being met.
Posted on 9/14/08 at 5:05 pm to tigerjjs
quote:
Let the financial industry get their footing.
I think he's asking what will allow this to happen.
Posted on 9/14/08 at 5:27 pm to LSUtoOmaha
I don't think it has really been all that bad in general. I guess compared to the late 90's maybe so, but not historically.
Posted on 9/14/08 at 5:38 pm to footballislife
Well we haven't seen double digit inflation/unemployment/interest rate levels yet, but who knows how long this will last.
Posted on 9/14/08 at 5:55 pm to siliconvalleytiger
transparency in the financials. Nothing more, nothing less.
Posted on 9/14/08 at 7:10 pm to siliconvalleytiger
You're sort of going to have to define the term, "turn around."
Posted on 9/14/08 at 7:43 pm to Doc Fenton
quote:
You're sort of going to have to define the term, "turn around."
Where we are not at risk of or else in recession. When house prices begin to rise, Oil prices stabilize (probably won't decrease)and consumer confidence is high again.
Where we were in late 90s.
Posted on 9/14/08 at 7:46 pm to siliconvalleytiger
quote:
Oil prices stabilize (probably won't decrease)
Why do you say oil probably won't decrease?
Posted on 9/14/08 at 7:54 pm to siliconvalleytiger
quote:
Where we are not at risk of or else in recession. When house prices begin to rise, Oil prices stabilize (probably won't decrease)and consumer confidence is high again.
Where we were in late 90s.
yeah never. I would be happy with 2003 level economy.
We won't see the end of this shite until housing prices stablize in CA/FL/NV, and are on the upswing other places.....and you know which banks are going to make it and which are doomed.
Posted on 9/14/08 at 7:58 pm to LSUtoOmaha
The bottom line is people and business can't afford $3 plus a gallon gas. When they put a stop to this maybe things will get better.
Posted on 9/14/08 at 8:01 pm to siliconvalleytiger
quote:
Where we were in late 90s.
You mean when we are in an unsustainable bubble again?
My crystal ball says December-ish.
Posted on 9/14/08 at 9:31 pm to siliconvalleytiger
It'll turn around. Oil was near $10 a barrel about ten years ago, it really sucked to have an "oil-rich" economy back then. Our economy is much more broad than that, we'll be fine.
I remember back in 1980 when Burbank and Corporate Blvd. were built with the expectation of a continued oil boom. Both were roads to nowhere for almost 20 years. This time around isn't nearly that bad, America's economy isn't exactly dying on the vine. Not great but could be much worse.
I remember back in 1980 when Burbank and Corporate Blvd. were built with the expectation of a continued oil boom. Both were roads to nowhere for almost 20 years. This time around isn't nearly that bad, America's economy isn't exactly dying on the vine. Not great but could be much worse.
Posted on 9/14/08 at 9:40 pm to siliconvalleytiger
quote:
At what point does this economy turn around?
Turn around? Good god, man, the recession has barely begun! All of this shite you are seeing now is just the leading edge of Main Street actually going to shite too.
Posted on 9/14/08 at 9:49 pm to Tiger JJ
quote:
Good god, man, the recession has barely begun!
Uhhh, no. Remember those oil companies? Y'know, the ones that are making so much money Congress inquired into the matter recently?
US manufacturers are doing fairly well these days. So are software companies. Most of them do extensive business overseas too, it isn't like they're getting all their money from US consumers.
The financials may be in the news right now but they are not the entire economy.
Posted on 9/14/08 at 9:53 pm to foshizzle
quote:
Remember those oil companies? Y'know, the ones that are making so much money Congress inquired into the matter recently?
oil prices are falling like a rock, but yeah energy does well in times of mass chaos.
quote:
US manufacturers are doing fairly well these days.
You see the dollars rise in value recently, this effectively kills this. And the US is better off than most of the EU and emerging markets.
quote:
So are software companies.
I think software companies fare better than most other sectors, as if you can show ROI, customers will purchase. However, if you see a shrinking of GDP, all b2b people will be hurt.
quote:
The financials may be in the news right now but they are not the entire economy.
right, but this shite has yet to trickle through. The banks aren't willing to lend to each other, why will they lend for you to buy a house? a car? furniture? a trip to cozumel?
Posted on 9/14/08 at 10:08 pm to TigerTeen
quote:
The bottom line is people and business can't afford $3 plus a gallon gas. When they put a stop to this maybe things will get better.
Who is "they?"
Posted on 9/15/08 at 9:06 am to Cash
Bottom line is the banks got greedy and gave loans to people (or bought them from brokers) who they had no business giving a loan to.
Posted on 9/15/08 at 9:13 am to Cash
quote:
Who is "they?"
I had the exact same thought.
And thought #2 was: And how are "they" going to put a stop to "this"?
Posted on 9/15/08 at 10:12 am to Meauxjeaux
they... this...
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