The economy, is it good or bad. (Page 67/181)
Red88FF OCT 10, 11:48 AM
Another morning barrage of gloom and doom, with the examples shown to include people spending more money than they have coming in as a shining example to attempt to prove how horrible things are.
No sympathy from me for people that buy more house than they can afford. Especially no sympathy for people that wail themselves into debt on credit cards and or rape their equity in their homes to pay these stupid debts off. Maybe an even better example of idiot behavior is when someone dips into their home equity to pay the car off they couldn't afford in the first place! ya, now I have a thirty year car mortgage, yup real F'ing smart.

Even in the best of times you can find examples of people having a hard go of it. Yes sometimes it isn't anything they have really done themselves, just bad luck. I do have sympathy in this case.
The vast majority of the time they have brought it upon themselves doing things like I pointed out above. We can also add having children they can't afford and too soon to the list, maybe even move that one to the top.

Dept is a bad bad bad thing! it is really letting the devil in the door! The only thing to me that is worth the risk is a home, because let's face it most do not have the ready funds to make that purchase but even in this case you have to be very realistic as to how much house you can really handle. Most are not
84Bill OCT 10, 05:46 PM

quote
Originally posted by Red88FF:

Another morning barrage of gloom and doom, with the examples shown to include people spending more money than they have coming in as a shining example to attempt to prove how horrible things are.



Yup... fine fine fine.

Countrywide help for borrowers falls short, critics say
Consumer advocates say efforts by the nation's largest mortgage company to help homeowners avoid foreclosure are insufficient.

Existing home sales expected to drop 10.8%
National Association of Realtors says rate will be the lowest since 2002.

Strike 2: UAW shuts down Chrysler
More than 32,000 workers start second nationwide auto strike in less than two weeks, this time hitting No. 4 U.S. automaker.

Dow dips after record
Blue chips struggle after Alcoa's earnings miss, Boeing's delivery delays, oil company warnings; Nasdaq ekes out new 6-1/2 year high.
aceman OCT 10, 06:56 PM

quote
Originally posted by 84Bill:

Dow dips after record
Blue chips struggle after Alcoa's earnings miss, Boeing's delivery delays, oil company warnings; Nasdaq ekes out new 6-1/2 year high.




Fixed that bolding for you, Bill


madcurl OCT 10, 07:48 PM

quote
Originally posted by madcurl:


Meanwhile, As the World Turns....LFC @ 96.02, RIMM @ 114.66 (unchanged), but GOOG up @ 621 from 584 from Fridays close. Will GOOG hit the $700 mark? One thing is for sure, during this period since this thread was started....ya coulda' been making some paper money.




GOOG up in after hours trading $630, RIMM $117, CSCO $33.33, LFC $96, MSFT $30
Red88FF OCT 10, 07:59 PM

quote
Originally posted by 84Bill:


Yup... fine fine fine.

Countrywide help for borrowers falls short, critics say
Consumer advocates say efforts by the nation's largest mortgage company to help homeowners avoid foreclosure are insufficient.



As I stated, I don't care, no sympathy for the vast majority of losers



quote
Originally posted by 84Bill:
Existing home sales expected to drop 10.8%
National Association of Realtors says rate will be the lowest since 2002.



"expected" is the key word., they are always getting it wrong. I bet sales in 2002 were way above some previous years too.



quote
Originally posted by 84Bill:
Strike 2: UAW shuts down Chrysler
More than 32,000 workers start second nationwide auto strike in less than two weeks, this time hitting No. 4 U.S. automaker.



I heard the strike was already over.



quote
Originally posted by 84Bill:
Dow dips after record
Blue chips struggle after Alcoa's earnings miss, Boeing's delivery delays, oil company warnings; Nasdaq ekes out new 6-1/2 year high.



No big deal at all.
84fiero123 OCT 10, 08:08 PM
Nice to know everyone here is doing so well.

Some are not as lucky as those here who have so much.

I find myself stating something that all here may already know.

I had a stroke a few years ago, I was doing well before the stroke. Well enough to pay the mortgage on a home that was within one year of being paid off, 4 years ahead of schedule. For more months than I care to remember.

Could all of you go without an income for 6 months and still pay all your bills?

Could all of you go without an income for 9 months and still pay all your bills?

Could all of you go without an income for more than a year and still pay all your bills?

I did. Without a union job. Without help from anyone?

I did. Could you?

I find it amazing that you use some people who have over extended themselves as an excuse for this economies bankruptcies, housing prices, that had nothing to do with union jobs.

You are doing well, and now I am also since my stroke even though I will never work a real job again. But you find it funny that others who are less fortunate than many of us here are in the crapper.

And insist that all their problems are their fault, no one else’s. in some cases that is true, but in many, many others it is not.

Good for you I hope you enjoy your good health and financial security for a very long time. But to those who think it is nothing more than a blip in the economic history of the USA try doing what I and many others in my situation have done after a catastrophic illness.

Or loss of job, or loss of that mate, and their second income.

------------------
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.

84Bill OCT 10, 08:09 PM

quote
Originally posted by Red88FF:
As I stated, I don't care, no sympathy for the vast majority of losers




Right right.. you dont care.. got ya... Neither do I but... what exactly did the fed have to do to rectify this minor problem you care so little about?

[This message has been edited by 84Bill (edited 10-10-2007).]

aceman OCT 10, 08:10 PM

quote
Originally posted by 84fiero123:

Nice to know everyone here is doing so well.

Some are not as lucky as those here who have so much.

I find myself stating something that all here may already know.

I had a stroke a few years ago, I was doing well before the stroke. Well enough to pay the mortgage on a home that was within one year of being paid off, 4 years ahead of schedule. For more months than I care to remember.

Could all of you go without an income for 6 months and still pay all your bills?

Could all of you go without an income for 9 months and still pay all your bills?

Could all of you go without an income for more than a year and still pay all your bills?

I did. Without a union job. Without help from anyone?

I did. Could you?

I find it amazing that you use some people who have over extended themselves as an excuse for this economies bankruptcies, housing prices, that had nothing to do with union jobs.

You are doing well, and now I am also since my stroke even though I will never work a real job again. But you find it funny that others who are less fortunate than many of us here are in the crapper.

And insist that all their problems are their fault, no one else’s. in some cases that is true, but in many, many others it is not.

Good for you I hope you enjoy your good health and financial security for a very long time. But to those who think it is nothing more than a blip in the economic history of the USA try doing what I and many others in my situation have done after a catastrophic illness.

Or loss of job, or loss of that mate, and their second income.




This has what to do with the current economy?

Thanks for sharing, Steve.
84fiero123 OCT 10, 08:14 PM

quote
Originally posted by aceman:


This has what to do with the current economy?

Thanks for sharing, Steve.



Ace go fk yourself.

Could you live for one year without your present income and do what I did?

------------------
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.

aceman OCT 10, 08:15 PM

quote
Originally posted by 84fiero123:


Ace go fk yourself.

Could you live for one year without your present income and do what I did?



This has what to do with our economy, Steve?

How far can you puff that chest out?