The economy, is it good or bad. (Page 151/181)
84Bill JAN 14, 06:30 PM

quote
Originally posted by Formula88:
No, but everything you've been posting has apparently been to support your opinion that the economy is spiraling in like a lawn dart. That's why I asked.



Okay, but it doesn't mean the economy isn't spiraling in like a lawn dart. All things considered their glass is half empty... So by all means fill it.
84Bill JAN 14, 10:41 PM
Bernanke and Pelosi discuss economy
The Fed chief meets with the House Speaker to flesh out Congress's role in revitalizing the economy.

WASHINGTON (AP) -- House Speaker Nancy Pelosi and Fed chief Ben Bernanke met Monday to discuss how Congress might act to stimulate the slowing economy.

Pelosi, D-Calif., is taking the lead as Democrats controlling Congress have reached out to the White House to work toward an economic stimulus measure that could get enacted relatively quickly.

Now do you believe the economy is forked?

[This message has been edited by 84Bill (edited 01-14-2008).]

afRaceR JAN 14, 10:51 PM
Come on Bill......the economy is just slowing. Its still growing a little. The fact that inflation is growing faster and nullifying any growth is really of little relevance right?
84Bill JAN 14, 11:05 PM
True...


According to what I see here the banks are pretty much broke and going bankrupt and the people's spending has been reduced.

On the bright side all the service sectors are making great money.
Utilities, industrials, energy, techs, are all up.

Telecom is up too and it looks like it is actually the 4Q winner..


Odd.....

Sprint to lay off thousands: Report
The wireless provider re-organizes under the leadership of new CEO Dan Hesse.

NEW YORK (CNNMoney.com) -- Sprint Nextel plans to eliminate several thousand jobs as its new CEO Dan Hesse tries to cut costs and increase efficiency, according to a report from The Wall Street Journal.

The job cuts appear to be the result of the wireless provider's poor operational efficiency, and not the result of the slow economy, says the report.

Hesse and other Sprint executives are also reportedly examining a plan to consolidate Sprint's (S, Fortune 500) headquarters in Overland Park, Kansas, the company's headquarters before it purchased Nextel Communications in 2005.

The company's current headquarters in Reston, Virginia, employs about 4,500. Sprint has an operational presence of 13,000 employees in Kansas. If the headquarters is consolidated in Kansas, only a few hundred managers and other top-level employees may be moved, says the Journal. To top of page
Uaana JAN 15, 12:29 AM
God.. this has gone on long enough..

Bill and Steve you're right. We're all screwed!

Happy now?

I know myself and others have shown steady if not outstanding growth.. but Bill and you are determined to show we're all screwed.

So.. to put this to bed.. yup.. you're right.. We're 3 mo's out of a recession that only increased taxes can cure.
I'm sure the Ron Paul guys have your back.. they also think we live within our borders.

Thanks guys.. was about to buy a house.. now i'll just down size my apt and start looking for gov't cheese.
aceman JAN 15, 12:33 AM
DAMMIT MR BITTER AND BILL! I was going to sell Uanna my house. You scared him out of buying it and screwed up my plans to buy a larger, more expensive house.




Hmmmmm, I was joking, but look how close to reality this really is on what negative viewpoints can do to an economy.
84Bill JAN 15, 12:59 AM

quote
Originally posted by Super Hero Uaana:



You're welcome...
No no... have at it Uaana. Buy that house now.

The reason you wont is because YOU KNOW now is not the time to buy. Anyone with half a brain would wait till the market bottoms out to get the best price possible so stop acting like a retard.

Mortgage lending forecast to drop
Previously owned home sales are also expected to fall as banks rack up billions in losses, according to the Mortgage Bankers Association.

WASHINGTON (AP) -- U.S. mortgage lending will fall by more than 16 percent this year, dragged down by a worsening economy and a slumping mortgage market, an industry group predicted Monday.

The Mortgage Bankers Association forecast that U.S. mortgage lending will fall 16.2 percent this year to $1.96 trillion, down from a projected $2.34 trillion last year.

The group also said sales of previously owned U.S. homes will drop by about 13 percent, while median prices fall about 2 percent. New mortgage lending would continue its downward descent in 2009, the group predicted, but home sales and prices would steady a bit.


Just hang on space... just a little longer... You'll get what you deserve, I promise.
Uaana JAN 15, 01:09 AM
Bill..

From where I'm at.. It looks like a pretty sweet deal.. the property has devalued to 114k.. I can get in at a 6% locked rate. Possibly lower.. but I have shitty credit.
Or should I wait for double digit inflation rates that are sure to come following a Dem presidency?

Hell sounds like I'll be in the green.. free food, and a low home loan!! WHoo Hoo.

Odd thing is.. you and 84 are on opposite sides and dont even realize it.
84Bill JAN 15, 01:20 AM

quote
Originally posted by Uaana:
Bill..

From where I'm at.. It looks like a pretty sweet deal.. the property has devalued to 114k.. I can get in at a 6% locked rate. Possibly lower.. but I have shitty credit.



It will devalue more but the problem will be the interest rate which is directly linked to your credit and the market. So you have a decision to make. Wait and get that place cheaper price but higher interest (which you can refi later on for a lower rate) or but it now and get an over priced house which will continue to devalue over the next 10 years or so.


quote

Or should I wait for double digit inflation rates that are sure to come following a Dem presidency?




Thats up to you. I know what I would do but that doesnt mean jack squat to anyone but me and the cheese manufacturers.
Uaana JAN 15, 02:18 AM

quote
Originally posted by 84Bill:

Thats up to you. I know what I would do but that doesnt mean jack squat to anyone but me and the cheese manufacturers.



Thanks Bill.. I'll take it under consideration
Yes I'm looking for the balance / tip point in the market.. somehow don't see that 10 + yrs down the road.

I know the nominal value of the place i'm looking at is 130. thinking of throwing 10k in refurb.. but you could be right..we could elect Clinton or Obama.. and I'll have to sit in a nice place for another couple yrs and dump when the market rebounds..

Ohh. sorry you don't think past the 72hr mark.. sorry some of us invest for long term. If you can't read markets..oh wait.. never mind. you are just worried about your next hand out.