I don't know about you, but I am getting pissed

[richierich75 10+ year member]

im glad i wasnt the only person that thought this... i would attribute most all of the crash to this, and the high gas prices to the war...
the housing economy is killing everything right now... and like the old saying goes, when it rains it pours. the housing economy is in the slumps because of the banks, the banks are in the slumps because everyone was out to make a quick buck and shot themselves in the ***... since the banks are in the slumps spending is at a low. since spending is at a low point jobs are being cut, which only leads to less spending...

it will swing back though, it always does //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

I couldn't agree with you more, but one thing I would like to add is that we do have the current administration to thank for this... when did this all start - when the Fed's originally lowered the fed interest rate and made it cheaper for people to borrow money and in order to get people to borrow money, the banks had to make it appear that they had "equity" in a home that was artificially inflated. The artificial inflation is in a corrective position right now and until it hits bottom, you can expect things to get way worse before better.

 

[richierich75 10+ year member]

im glad i wasnt the only person that thought this... i would attribute most all of the crash to this, and the high gas prices to the war...
the housing economy is killing everything right now... and like the old saying goes, when it rains it pours. the housing economy is in the slumps because of the banks, the banks are in the slumps because everyone was out to make a quick buck and shot themselves in the ***... since the banks are in the slumps spending is at a low. since spending is at a low point jobs are being cut, which only leads to less spending...

it will swing back though, it always does //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

I couldn't agree with you more, but one thing I would like to add is that we do have the current administration to thank for this... when did this all start - when the Fed's originally lowered the fed interest rate and made it cheaper for people to borrow money and in order to get people to borrow money, the banks had to make it appear that they had "equity" in a home that was artificially inflated. The artificial inflation is in a corrective position right now and until it hits bottom, you can expect things to get way worse before better.

 

[Jared530 10+ year member]

How come our job doesnt pay in relation to the inflated market

 

[Flipx99 5,000+ posts]

How come our job doesnt pay in relation to the inflated market

Because your employer should be paying you your marginal product of labor...which is more of a function of your productivity and has nothing to do with inflation.

 

[IgnoreMe 5,000+ posts]

im gonna say this....before we all start complaing and throwing a hissy fit

A US $100 bill in Zimbabwe now buys 20kg (44 pounds) of local currency, as Zimbabwe's currency tumbled to a record low of 25 million Zimbabwe dollars per USD. Zimbabwe has the world's highest inflation rate of 100,000%.

at least we're not like Zimbabwe

 

[Flipx99 5,000+ posts]

lol @ and I am going home after that one.

 

[Scoobydoo 5,000+ posts]

im gonna say this....before we all start complaing and throwing a hissy fit



at least we're not like Zimbabwe

lol you would have to carry a 50 pound backpack to go out to dinner

 

[SRim23 5,000+ posts]

They could find a new job and sell their beast for a car.

how old are you? where do you work? living in ohio you should understand its really not that easy to just go out and find another job ha ha

at least you don't blame it on our president like most idiots, Bush can't control this stuff, thanks for having some common sense

i dont totally blame bush but i always see him in interviews trying to look good saying he just signed a new energy bill that is going to lower energy costs and then when they ask him for details hes so stupid and the worst public speaker in the world and he fumbles around stuttering until someone else asks another question....i hate hearing him speak.

Actually I got an A in both 201 and 202 micro and macro and am a business accounting major.

Im taking macro now and have an A and havent opened the book yet. nothing really to be proud of.

Then during that day they will jack prices up since people will buy gas the next day.

technically legally they are only allowed to sell it based on the price they paid for it. legally they arent supposed to just go out and change the price.. i know they do but they arent supposed to.

 

[SRim23 5,000+ posts]

How come our job doesnt pay in relation to the inflated market

alot of jobs do have a cost of living raise per year.

 

[Scoobydoo 5,000+ posts]

my mileage reimbursement increases with gas prices, it has only gone up, never down

 

[hoss 5,000+ posts]

Ask your econ chair if not buying gas for one day will do anything to the long run supply of gasoline.

not only this, but try organizing a nationwide one day fuel boycott and dont let the gas companies know it is going to happen...

once they know it is going to happen, they will LOWER prices on that day to lure customers in. and immediatly after that, they will raise the prices significantly because the US cannot operate without fuel...

it will take much more than a single day boycott to affect the market...

 

[IgnoreMe 5,000+ posts]

lol @ and I am going home after that one.

is that directed at me flip? is that figure incorrect? (serious question)

i saw it on 2 different sources so i figured its correct. i know i saw something for another country on CNN that said their inflation was up to 66,000% IIRC. i was shocked and waited for it to pass by again on the bottom of the screen, but i left before i saw it again.

 

[hoss 5,000+ posts]

How come our job doesnt pay in relation to the inflated market

this has nothing to do with the economy, or "our" jobs. it has more to do with your lack of effective bargaining.

everything is a bargain, and if your job doesnt have a review period, or you didnt get a cost of living raise as mentioned before, it is your own fault.

 

[richierich75 10+ year member]

I understand your situation (from CT)....and there is much that I can think of that would have prevented it. I just hope to not find myself in a similar situation. I am pretty confident my job is secure, but you never really know....especially with Iraq spending.

ummmm, wouldn't your last statement contradict what you previously said that the Iraq spending - deficit spending - is actually helping the economy and if that were true then why would it affect your job?

Flip, there is no doubt you are working on your education bro, but please stop quoting your textbooks - theory is just theory, today's current economic position has the same inclinations of the Great Depression - that is real, it is great to be able to throw theories around, but when you have to apply it in the real time, real life - it doesn't work - just ask Bush how well his theories are working out for him...

 

[SRim23 5,000+ posts]

not only this, but try organizing a nationwide one day fuel boycott and dont let the gas companies know it is going to happen...
once they know it is going to happen, they will LOWER prices on that day to lure customers in. and immediatly after that, they will raise the prices significantly because the US cannot operate without fuel...

it will take much more than a single day boycott to affect the market...

yeah its definately not the solution to the problem but its a start. considering they chose how much they refine they directly control supply so no its not a longterm fix but you gotta start somewhere.