The economy seems pretty bad right now but Americans are obviously distracted by the war in Afghanistan. My question is how bad is it really?
How bad is the economy in the US? Seriously...
- Thread starter b0mbrman
- Start date
its not..
Its BS propaganda the democrats use when a republican is in office to make him look bad..
Its BS propaganda the democrats use when a republican is in office to make him look bad..
it really isnt that bad. especially considering its year end, companies lay off and announce the worst news at year end (so they can write off losses on this years profits i guess), we should see a nice uptick come 2002
BrunoPuntzJones
Lifer
- Feb 24, 2001
- 14,513
- 4
- 81
if you got a job, it's doing pretty well.
if you dont got a job, it's pretty crappy.
if you dont need a job, it's doing pretty well.
if you dont got a job, it's pretty crappy.
if you dont need a job, it's doing pretty well.
Zenmervolt
Elite member
- Oct 22, 2000
- 24,512
- 22
- 81
Actually, the DJIA is recovering fairly nicely. It's still nowhere near where it was, but it was due for a correction anyway. Overall, I don't think that things are very bad.
ZV
ZV
It's all relative really.
Bad is when you need to take a wheelbarrel of money to the grocery store to buy eggs,milk, and bread. When you get there, there is no food to buy anyhow.
Bad is not when you have to lay off buying computer parts/games for a while because money is tight.
Things look like they are turning around.
Bad is when you need to take a wheelbarrel of money to the grocery store to buy eggs,milk, and bread. When you get there, there is no food to buy anyhow.
Bad is not when you have to lay off buying computer parts/games for a while because money is tight.
Things look like they are turning around.
bigdog1218
Golden Member
- Mar 7, 2001
- 1,674
- 2
- 0
bad
unemployment rising
debt rising
spending falling
consumer confidence falling
hmm turn around, doesn't something have to start being better for there to be a turn around, and since bush has his guns blazing i wouldn't be suprised we throw in some high oil prices, i hope you have a job know cause it might not be there in the future
unemployment rising
debt rising
spending falling
consumer confidence falling
hmm turn around, doesn't something have to start being better for there to be a turn around, and since bush has his guns blazing i wouldn't be suprised we throw in some high oil prices, i hope you have a job know cause it might not be there in the future
<< Its BS propaganda the democrats use when a republican is in office to make him look bad.. >>
Democrats dont need to do anything to make a republican look bad just sit back and watch
The economy is pretty bad right now. However the figures are a bit mixed. Sorta like the Japanese economy no one knows what to make off it.
Inventory levels across the board are dropping but company purchasing remains stagnant job lay offs are rising once again all companies or an hire freezes inless they are desperate. It looks like a recession thereforce it is a recession. There are mixed forecasts as to how long it will last though. Some say its just a short usual 1-3 years others say its more off a long term one (in the range of 6 years).
The point is everyone is running scared and that happened well before September 11th - that just pushed things over the edge. The economy was in trouble way back in May-July of you where working in most major companies you would have noticed this.
I'm in retailing and I can see that our sales down 30% comparing to last year. It haven't affects most of you guys because you still have a job.
Thump553
Lifer
- Jun 2, 2000
- 12,824
- 2,614
- 136
As far as how bad is this downturn, to date it has been milder than I expected. But I personally don't think we have hit the bottom yet, especially in the stock market. Even with all the blood letting of the last 12-15 months, the price to earnings ratios of most stocks are still ridiculously high by historical standards.
I think US business productivity is going to take a major, major hit because of the new security concerns and expenses. For the same reason expect big rises in state and local taxes (the feds will bury their increase under deficit spending).
One major moderately influence in this downturn has been the fact that oil and gas prices have actually gone down significantly, primarily because the Russians were going contrary to OPEC. That changed in the last few days when the Russians agreed to sigificantly cut their exports. Expect prices at the pump to start rising in the very near future-and remember that retail gas/heating oil prices always seem to rise a whole lot faster than they fall.
My opinion, for what it is worth, is that we have not reached the bottom and there is a real potential for a major downturn ahead. More likely is more middling performance like the last few months, but least likely is the upturn predicted by the administration for this spring.
I think US business productivity is going to take a major, major hit because of the new security concerns and expenses. For the same reason expect big rises in state and local taxes (the feds will bury their increase under deficit spending).
One major moderately influence in this downturn has been the fact that oil and gas prices have actually gone down significantly, primarily because the Russians were going contrary to OPEC. That changed in the last few days when the Russians agreed to sigificantly cut their exports. Expect prices at the pump to start rising in the very near future-and remember that retail gas/heating oil prices always seem to rise a whole lot faster than they fall.
My opinion, for what it is worth, is that we have not reached the bottom and there is a real potential for a major downturn ahead. More likely is more middling performance like the last few months, but least likely is the upturn predicted by the administration for this spring.
Im on a computer with new clothes in a heated building with a leather chair.
Until were bringing money to the store in wheelbarrows, you should not worry.
Until were bringing money to the store in wheelbarrows, you should not worry.
In our university, colleges showed up for the job fair but no one is hiring. Many who were hired were fired I tried to get a job as well but things are very bad. Looks like I will have to consider grad school
I tried to get a job as well but things are very bad. Looks like I will have to consider grad school<< Its BS propaganda the democrats use when a republican is in office to make him look bad.. >>
Uh...el wrong-o. If you remember, Dubbya's the one who began the recession speculation back when he was campaigning in August/September of last year. If anything, he fostered doubt in American's minds which created a self-fulfilling prophecy.
<<
<< Its BS propaganda the democrats use when a republican is in office to make him look bad.. >>
Uh...el wrong-o. If you remember, Dubbya's the one who began the recession speculation back when he was campaigning in August/September of last year. If anything, he fostered doubt in American's minds which created a self-fulfilling prophecy. >>
Wow!
Bush caused the recession even before he was elected?
If anything, he fostered doubt in American's minds which created a self-fulfilling prophecy
I don't think Bush's words held that much power, especially before he was elected...the only person who can do that is Greenspan
I don't think Bush's words held that much power, especially before he was elected...the only person who can do that is Greenspan
<< Bush caused the recession even before he was elected? >>
Only because people were dumb enough to believe him. He didn't have the power to make any laws, but all he had to do was plant doubt in people's minds. People are convinced things are bad, so they start hoarding money, they stop buying. This bit Bush in the ass when most people spent their $300 Bush lottery money on reducing debt or saving instead of "stimulating the economy." Of course, this is all my personal speculation.
I also believe it's not that bad. People put too much money into the tech sector of the market. After it's inevitable correction, they all paniced. Besides, nothing stimulates the economy like buying lots of bombs.
Bad is when you need to take a wheelbarrel of money to the grocery store to buy eggs,milk, and bread. When you get there, there is no food to buy anyhow.
Well, you gotta define what's worse though. Inflation and unemployment dance with each other...you gotta have one or the other
Well, you gotta define what's worse though. Inflation and unemployment dance with each other...you gotta have one or the other
Clinton rode the coat tails of Reaganomics, and got the credit for it..
He then plays his version of Clitonomics, and Bush ends up taking the blame for ruining the economy..
He then plays his version of Clitonomics, and Bush ends up taking the blame for ruining the economy..
<< Clinton rode the coat tails of Reaganomics, and got the credit for it.. >>
More like G.H.W. Bush rode the coat tails of Reaganomics and got the blame for it.
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