Economy
05-26-2010, 02:14 PM
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Economy
Does anybody think that its worse than what they are reporting? I work for a large telecom company and sales are at the worst in 6 years. Lots of business's in the area have closed. I just saw a family at the gas station living out of a suburban. Seems like the home prices keep getting lower each month. I don't think we are anywhere near in the clear like they say we are. Thoughts?
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05-26-2010, 02:38 PM
#8
Pretty much any information that comes from government sources is out of line at least with my personal perception...the BP oil spill included.
Judging by our medium sized company things are bounding back a little, but this is also the time of year our business picks up anyways. A group of investors was confident enough to buy our company yesterday afternoon, although I still don't know who they are since they haven't made the announcement yet.
I do see a lot of bad signs around, and the worst of course is unemployment, followed by the housing market. Everyone I know that is still in work is taking advantage of this by either upping 401k contributions, or in a few cases buying a house. It may be a great time for someone with a small business idea to buy a building, since they will lose money in the first few years anyhow, and should have enough capital to weather the current economy regardless of initial success.
What does worry me are the steps taken by our government to supposedly stimulate the economy. The banking bill is absolute ***** and won't do jack. Nothing they are doing is promoting jobs, and if anything is keeping many more unemployed, and promoting dependency on entitlements. The health care bill is fuxored on many levels. If we were to let the economy recover by itself we'd already be in the clear. Instead we are putting in place programs that are further depressing the economy, and making an even poorer outlook for years to come.
It's going to get to the point pretty soon of the haves and have nots as far as income is concerned. You can't have 1 out of 5 active job seekers out of work. The rest of working simply can not support the tax burden that will become of this.
I do see crime on the rise, violent and passive. More folks behind counters are short-changing (and getting good at it). Thefts are up, scams seem to be, and I even had a USPS bastard open a box of injectors I mailed to DW, who received an empty box.
This is all just my opinion since this seems to be a perception based thread and not an actual research discussion. I may be wrong, but this is how it looks from where I sit. Maybe our collective viewpoint differs.
Judging by our medium sized company things are bounding back a little, but this is also the time of year our business picks up anyways. A group of investors was confident enough to buy our company yesterday afternoon, although I still don't know who they are since they haven't made the announcement yet.
I do see a lot of bad signs around, and the worst of course is unemployment, followed by the housing market. Everyone I know that is still in work is taking advantage of this by either upping 401k contributions, or in a few cases buying a house. It may be a great time for someone with a small business idea to buy a building, since they will lose money in the first few years anyhow, and should have enough capital to weather the current economy regardless of initial success.
What does worry me are the steps taken by our government to supposedly stimulate the economy. The banking bill is absolute ***** and won't do jack. Nothing they are doing is promoting jobs, and if anything is keeping many more unemployed, and promoting dependency on entitlements. The health care bill is fuxored on many levels. If we were to let the economy recover by itself we'd already be in the clear. Instead we are putting in place programs that are further depressing the economy, and making an even poorer outlook for years to come.
It's going to get to the point pretty soon of the haves and have nots as far as income is concerned. You can't have 1 out of 5 active job seekers out of work. The rest of working simply can not support the tax burden that will become of this.
I do see crime on the rise, violent and passive. More folks behind counters are short-changing (and getting good at it). Thefts are up, scams seem to be, and I even had a USPS bastard open a box of injectors I mailed to DW, who received an empty box.
This is all just my opinion since this seems to be a perception based thread and not an actual research discussion. I may be wrong, but this is how it looks from where I sit. Maybe our collective viewpoint differs.
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