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| The economy, is it good or bad. (Page 175/181) |
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84fiero123
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JAN 18, 10:39 AM
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If I remember right, and with my memory who knows. But both of you, Ace and Phranc have jobs that are dependant on the government.
I never said we were headed into a depression,
| quote | Originally posted by 84fiero123:
You two are not going to admit that the economy is not doing fine until we hit a full blown depression.
Even then you will say,
“It’s just a correction.” |
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In other words no matter what happens the economy is fine in your eyes no matter what.
Good by I got work to do.
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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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84Bill
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JAN 18, 11:00 AM
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Americans: Recession near - or already here
More than three out of four Americans believe that a recession has already started or will hit in '08. Half have cut their spending, which could make a slowdown worse.
The first step to fixing a problem is to admit the problem exists.
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"In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell
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84Bill
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JAN 18, 11:17 AM
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Bwooop bwooop..... Terrain alert
Pull Up... Pull Up...
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84Bill
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JAN 18, 02:41 PM
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Sprint dials up more pain
The wireless giant is closing stores and cutting jobs. Analysts believe a deeper restructuring is just around the corner.
NEW YORK (Fortune) -- The cutbacks are only beginning at Sprint.
With customer defections hitting a new record, the nation's No. 3 wireless carrier said Friday it would cut 4,000 jobs, or about 7 percent of its workforce, on top of the 5,000 pink slips handed out early last year. Sprint (S, Fortune 500) also said on Friday that it would close 125 stores as its monthly subscriber losses mount.
Sallie Mae to cut 3% of workforce
The student lender tries to recover after failed $25 billion buyout and $344 million in losses.
IndyMac cutting work force: 'Painful' 24%
The mortgage lender will lay off about 2,403 employees, on top of the 1,600 who 'voluntarily' resigned in 2007, as it tries to cope with lower home loan demand.
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84Bill
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JAN 18, 04:47 PM
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Disastrous Dow tumbles again
Wall Street caps another tough week. Dow falls to 10 month low. Nasdaq sinks to lowest point in over a year. Upbeat earnings; fiscal stimulus plan fail to soothe investors.
Economic activity ticks down in December
Key index falls by 0.2 percent in December - third straight month of declines - after tumbles in previous months.
NEW YORK (CNNMoney.com) -- A key measure of economic activity dropped for the third straight month and declined slightly more than expected in December.
The Conference Board said Friday that its index of leading economic indicators fell 0.2 percent last month. Economists were expecting a 0.1 percent drop.
The December measure indicates some easing of economic pressures, since the index fell 0.4 percent in November and 0.5 percent in October.
"I think the message of the LIE report is slow growth but not recession," said Michael Darda, chief economist at MKM Partners.
Wall Street is not likely to be surprised by that message, Darda added. "The equity market has already priced that message in."
Investors watch the index for signs of economic activity. It is a compilation of data on new orders, jobless claims, money supply, average workweek, building permits and stock prices, among others.
Wall Street has struggled this year with pervasive fears that an economic recession is pending or has already struck. The Dow Jones industrial average lost 307 points Thursday, leaving the blue-chip barometer at a 10-month low.
Major indexes opened higher Friday amid signs that Washington is close to a decision on how to stimulate the economy[This message has been edited by 84Bill (edited 01-18-2008).]
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84Bill
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JAN 21, 08:30 AM
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It appears this is not just an "isolated" "fear"
Global markets plunge on U.S. recession fears
Doubts grow over the White House's plan to shore up the U.S. economy.
TOKYO (AP) -- Asian and European stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
-----------------------------------------------[This message has been edited by 84Bill (edited 01-21-2008).]
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84fiero123
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JAN 28, 07:48 PM
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Still say we are in great shape?
New Home Sales Fall by Record Amount
Email this Story
Jan 28, 3:51 PM (ET)
By MARTIN CRUTSINGER
(AP) A realty sign swings in the wind outside an existing home on the market in the south Denver enclave...
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WASHINGTON (AP) - New home sales plunged in 2007 by the largest amount on record while home prices tumbled sharply in December. Analysts forecast more trouble in 2008 as housing tries to emerge from its worst slump in more than two decades.
The Commerce Department reported Monday that sales of new homes dropped by 26.4 percent last year to 774,000. That marked the biggest decline on record, surpassing the old mark of a 23.1 percent plunge in 1980.
The government reported that the median price of a new home barely budged last year, edging up a slight 0.2 percent to $246,900, the poorest showing since prices fell by 2.4 percent during the 1991 housing downturn.
And the slump in sales and prices appeared to be worsening at year's end. December sales fell by 4.7 percent, a bigger-than-expected drop, while the median price of a home fell by 10.4 percent last month, when compared to December 2006, the biggest 12-month decline in 37 years.
http://apnews.excite.com/ar...80128/D8UF42100.html
Or how about this?
Bush Speech Focuses on Sagging Economy
Email this Story
Jan 28, 6:13 PM (ET)
By TERENCE HUNT
(AP) Texas State Sen. Leticia Van de Putte, D-San Antonio, tapes the Democrats response to President...
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WASHINGTON (AP) - President Bush, focusing on gnawing recession fears in his final State of the Union address, said Monday that Americans are troubled about their economic future and prodded Congress to urgently approve a $150-billion rescue plan.
On Iraq, always a main topic of his annual addresses to Congress, Bush said his troop buildup is succeeding after five years of a long and costly war that has claimed the lives of 3,940 members of the U.S. military. "Al-Qaida is on the run in Iraq and this enemy will be defeated," Bush said.
With his approval rating near its all-time low and less than a year remaining in his presidency, Bush lacked the political clout to push bold ideas before a hostile, Democratic-led Congress. Offering modest new plans, Bush proposed a $300 million "grants for kids" program to help poor children in struggling public schools pay for the cost of attending a private school or a better public school outside their district.
The White House urged lawmakers, particularly in
http://apnews.excite.com/ar...80128/D8UF64L02.html
But what do I know right?
The only ones who are still saying we are in great shape are those who don’t know what they are talking about.
Edited to ad
It hasn’t even been 6 months since I started this thread. It will be 6 months the 27th of this month.
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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.[This message has been edited by 84fiero123 (edited 01-28-2008).]
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84Bill
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JAN 28, 07:54 PM
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Phranc
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JAN 28, 08:33 PM
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So new home sales "plunged" after record growth in sales.
How much of that is because people bought there houses already. How much is because it wasn't a buyers market because prices got to high? How much is because people bought already made homes? Now that rates are going back down along with house prices how many people who are waiting will buy a new house? There are plenty of houses out there for sale already. Looks like the market was flooded and now house builders have to much stock. I also like they make sure to point out how bad Dec. sales were. Dec. sales are always bad. Winter is a bad time for house market. It always is. Where was the doom and gloom in Dec. 06?
| quote | | focusing on gnawing recession fears |
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Fears beset by fears beset by fears. And not one negative quarter.
| quote | | The only ones who are still saying we are in great shape are those who don’t know what they are talking about. |
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So the IMF doesn't know what its talking about?
http://www.smartmoney.com/b...20080124-000962-1115
Any thing above negative growth is doing great.
http://www.foxbusiness.com/...ounces_452328_2.html
Not so bad for every one.
DJIA 12383.88 +176.72
Thats up. Is it because of housing fears?
http://www.bloomberg.com/ap...t_XvZs7wY&refer=home
Japs aren't running around like chicken little anymore.
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84Bill
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JAN 28, 08:36 PM
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We're off to see the Wizard, The Wonderful Wizard of Oz. 
You'll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Phranc says Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.
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Love Eeyore. 
