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| The economy, is it good or bad. (Page 110/181) |
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Formula88
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DEC 27, 12:23 PM
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| quote | Originally posted by 84fiero123:
Simple answer to a simple question.
Is the economy headed into the toilet?
No rhetoric, no comments, no BS, just yes or no.
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No.
I do think there will be some more corrections, and perhaps a recession, but I don't think it's going to be anything catastrophic. Like Lar said, similar to earlier market downturns. I'm sure there will be people who lose their shirt - but that happens to some people regardless of the state of the economy.
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aceman
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DEC 27, 12:32 PM
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NO.
The housing market is just correcting itself and is just hurting from the lending fiasco.
The stockmarket is maintaining to increasing overall
The GDP and all other indicators are SLOWING thier increases but have not DECREASED at all. We have no solid indications of our economy going down the toilet or in the start of a recession.
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Red88FF
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DEC 27, 02:07 PM
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fierobear
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DEC 27, 02:21 PM
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No
But I'd also like to know what you mean by "in the toilet". What do you think will happen?
| quote | Originally posted by 84fiero123:
So after 20 some pages how about a vote?
Simple answer to a simple question.
Is the economy headed into the toilet?
No rhetoric, no comments, no BS, just yes or no.
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84fiero123
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DEC 27, 02:32 PM
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| quote | Originally posted by fierobear:
No
But I'd also like to know what you mean by "in the toilet". What do you think will happen?
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I believe we will have a recession,
in the next 12 months
so was that 4 to 1 or 3 to 2?------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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fierobear
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DEC 27, 03:26 PM
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| quote | Originally posted by 84fiero123:
I believe we will have a recession,
in the next 12 months
so was that 4 to 1 or 3 to 2?
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So your definition of "in the toilet" equals "recession". Do you think the country will *stay* in one for a long time? How long? What will the end result be? Chaos? Anarchy? Mass starvation?
FYI, this country has been in recessions before, and we're still here. So just how deep a disaster are you predicting?
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Starfighter
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DEC 27, 05:10 PM
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As far as the original question that was asked,The economy,is it good or bad? I think it depends on who you ask . If you ask some
one that has plenty of income regardless where it comes from and they only need to spend a minute part of their income and still live
a life of luxury, and have a mortgage on their primary and secondary home for the sole purpose to have a tax write off. I am sure if
they were honest when you would ask them that question, they would have say that the economy is good, and they do not see what
all the hoopla is about economy being bad.
On the other hand if you ask good honest hard working people that have a family and other obligations like a house mortgage
maybe even a car payment. And up until about a year ago they were feeling, they were on top of the world with not to many worrys,
able to pay all their bills a few treats here and there, and put some money away for retirement or a rainy day. Now they would be
worried with the price of gas food going up and the possibilty that they might get layed off from there job sometime in the future.And
maybe have enough reserves in the bank for maybe a year or less .I would say that they would reluctently tell you,that the economy
is not what they would call good,and are probobly hopeing to hear something positive from the news media to give them some stress
relief and hope.
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Red88FF
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DEC 27, 05:22 PM
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| quote | Originally posted by Starfighter:
I would say that they would reluctently tell you,that the economy
is not what they would call good,and are probobly hopeing to hear something positive from the news media to give them some stress
relief and hope.
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Don't look for optimistic economic forecasts from the liberal media with a republican in the top office, this is an election year and they live to get people like Steve worried and exited.
People with more money and a bigger safety net are generally always more optimistic, no surprise there. People living from paycheck to paycheck and being worried all the time is certainly nothing new, hell I used to be that way too.
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ditch
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DEC 27, 06:00 PM
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| quote | Originally posted by Old Lar:
You cannot evaluate the economy health just by looking at the last two or three months activities.
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Which is exactly why I haven't been following this thread too closely, too much blah blah blah. I thought about sending my financial planner a link to this thread but decided against it at the risk he might puke on his keyboard after reading it....or have a heart attack from all the laughter. Don't get me wrong, I do think there is some good information in this thread.
as for the vote:
No, I don't believe there will be a recession in the next 12 months.[This message has been edited by ditch (edited 12-27-2007).]
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Starfighter
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DEC 27, 06:08 PM
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I read somewhere somewhere back a few pages about how the dollor has been devalued. I believed that cannot be a good thing, until this morning I happened to be watching c-span .There was a gentle man on the show taking about the economy in general.One thing that he touched on, was the value of dollor.I was pleasently surprised to hear him say that it is not a really bad thing.He explained that people from around the globe will start looking at the u.s.for manufacturing goods and then exporting these goods back to their country for consumption.In my my eyes that should give some people some hope that atl east part of the economy might start heading in a better direction in their eyes.
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