who killed the economy?!?!

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My sphincter is pulsating.

 

[richierich75 10+ year member]

That is the question. I personally believe neither party should be bailed out.

exactly, but why is it ok for a lot of people to have the fed get involved to bail them out and not help the people who need it the most; you know the ones who lost their homes.

 

[mcsoul 10+ year member]

My sphincter is pulsating.

Thats where the Democrats want you. Your ready to vote stupid.

 

[Flipx99 5,000+ posts]

In teh great depression didn't rich people end up with nothing too?
I gave it some more thought last night. My personal portfolio has plateaued but it isn't going backwards. Technically, I can see how that can impact play money for some but I would imagine that in order to call a time frame a recession, it would have to have a lasting impact. A period of time where my portfolio is stagnant will not even be noticeable in 30 years.

Therefore I should conclude that either we are not in a recession, or a recession is meaningless. Right?

If one was planning on retiring now, there could certainly be some issues.

 

[Banana Balls 5,000+ posts]

Most are unwilling to buy real estate right now, because there is no telling how long the housing market will be down. Recessions are determined by already existing purchases, and how they are performing, not by what is currently being done. By you buying real estate during this recession, you are however helping (however little it is) to build the economy back up: the recovery. I'm not trying to be an ***, but I just don't see how you can't view what we are currently in as anything but a recession. Business are dropping like flies everywhere, unemployment is up, and the housing market is terrible. Stock Prices are going down somewhat as well, just not severely. I mean, if it walks like a duck, and quacks like a duck...
I think you are looking at this solely from your point of view, not what is happening as a whole.

As a whole I see a lot of dumbass who made retarded decisions now paying for it. I see the people who made wise decisions, both financially and otherwise, doing at a minimum, just a good as they were before this recession. Only a useless business would go out of business, granted that it wasn't due to poor management. Unemployment is only affecting a very minor segment of the population. Unless we get to some insane ratio of unemployed people like 2 to 1, I don't see a problem. Stock prices are supposed to go up and down. That is why there is a market for them. I think that everyone just got to comfortable in the 90's and forgot what the 80's and before were like. If it walks like a duck and quacks like a duck, it could still be a goose. //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

where is this "hundreds of thousands of dollars" getting pumped back in to the economy? are you paying cash or borrowing?

Both

are these new construction homes you are buying?

Both

Wait, you took me literally. I was making a blanket statement on behalf of everyone doing it. That should clear things up a bit.

what about those cases where the rate of inflation has people $200k in the whole because of things correcting themselves now.

I feel no pity for them what so ever. They saw something that was too good to be true and they weren't able to look and not touch.

 

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I feel no pity for them what so ever. They saw something that was too good to be true and they weren't able to look and not touch.

DING!

 

[RangerMan Premium Member]

As a whole I see a lot of dumbass who made retarded decisions now paying for it. I see the people who made wise decisions, both financially and otherwise, doing at a minimum, just a good as they were before this recession. Only a useless business would go out of business, granted that it wasn't due to poor management. Unemployment is only affecting a very minor segment of the population. Unless we get to some insane ratio of unemployed people like 2 to 1, I don't see a problem. Stock prices are supposed to go up and down. That is why there is a market for them. I think that everyone just got to comfortable in the 90's and forgot what the 80's and before were like. If it walks like a duck and quacks like a duck, it could still be a goose. //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

Ummm...a healthy unemployment rate is 5%..thats good for the economy, so your argument for that makes no sense, whatsoever. I think your grasp on how the economy works is weak. 33% unemployment would mean that America would be a third world country.

Buying a home is an investment...and people who bought homes a few years ago...not even looking at it from a monetary point of view, but from a necessity, have lost money because of the housing market. I don't understand how that makes anyone a dumbass.

And only businesses with poor management are going under? Look at the trucking industry. With diesel prices higher than gas prices (which is retarded, because diesel is a byproduct of gas) there is no way for a smaller trucking company to make money. It has nothing to do with management...just the economy and the RECESSION.

Judging by all of your statements, I doubt that you are pouring as much money into the economy as you say.

And with your statement about the 90s...thats because the economy was good...now it is not good. Do I have to draw the standard economic curve for you to understand this? That is as simple as I can put it.

 

[Banana Balls 5,000+ posts]

If one was planning on retiring now, there could certainly be some issues.

How so? If someone was ready to retire right now, then they have already had 30-40 years of proper preparation and they should be fine.

 

[Flipx99 5,000+ posts]

Unemployment is only affecting a very minor segment of the population. Unless we get to some insane ratio of unemployed people like 2 to 1, I don't see a problem. Stock prices are supposed to go up and down. That is why there is a market for them.

What if unemployment was 10%?

 

[Flipx99 5,000+ posts]

How so? If someone was ready to retire right now, then they have already had 30-40 years of proper preparation and they should be fine.

Not if the items the invest in devalue. The problem is everyone is rushing to what they are investing in. A flight to quality kills yield.

 

[RangerMan Premium Member]

How so? If someone was ready to retire right now, then they have already had 30-40 years of proper preparation and they should be fine.

Do you think that people saving for retirement put the money directly in the bank??? Most live off of interest from their investments...

 

[Banana Balls 5,000+ posts]

Ummm...a healthy unemployment rate is 5%..thats good for the economy, so your argument for that makes no sense, whatsoever. I think your grasp on how the economy works is weak.

Healthy by whose standards? An economy professor's? I understand how the economy works and what fuels it and I still don't see a recession. I just see a lot of bad mistakes make by people that don't want to be accountable for their own actions.

Buying a home is an investment...and people who bought homes a few years ago...not even looking at it from a monetary point of view, but from a necessity, have lost money because of the housing market. I don't understand how that makes anyone a dumbass.

The dumbass I'm referring to are the ones that bought those houses outside of their means and are now losing said houses. Those that did things properly are not losing their houses. Sure they values are dropping, but a house is a long term investment and they will go back up.

And only businesses with poor management are going under? Look at the trucking industry. With diesel prices higher than gas prices (which is retarded, because diesel is a byproduct of gas) there is no way for a smaller trucking company to make money. It has nothing to do with management...just the economy and the RECESSION.

Yes, I see that point but I'm approaching this situation without accounting for the recent gas spikes. The gas spikes are an anomaly in this 'recession'. They weren't an issue a year ago, nor the year before. I mean unless this 'recession' just started, from your point of view.

Judging by all of your statements, I doubt that you are pouring as much money into the economy as you say.

I think you misunderstood my previous comment as well. I'm not some billionaire buying up houses left and right. A comment was made about one side of the house market and I felt prudent to mention the other half. My realtor is still selling houses on the weekly in this area.

 

[Flipx99 5,000+ posts]

The dumbass I'm referring to are the ones that bought those houses outside of their means and are now losing said houses. Those that did things properly are not losing their houses. Sure they values are dropping, but a house is a long term investment and they will go back up.

Not always true. When people bought at the height of the last bubble, especially in New England in the late 80s still haven't broke even.

 

[RangerMan Premium Member]

Healthy by whose standards? An economy professor's? I understand how the economy works and what fuels it and I still don't see a recession. I just see a lot of bad mistakes make by people that don't want to be accountable for their own actions.


The dumbass I'm referring to are the ones that bought those houses outside of their means and are now losing said houses. Those that did things properly are not losing their houses. Sure they values are dropping, but a house is a long term investment and they will go back up.

Yes, I see that point but I'm approaching this situation without accounting for the recent gas spikes. The gas spikes are an anomaly in this 'recession'. They weren't an issue a year ago, nor the year before. I mean unless this 'recession' just started, from your point of view.

I think you misunderstood my previous comment as well. I'm not some billionaire buying up houses left and right. A comment was made about one side of the house market and I felt prudent to mention the other half. My realtor is still selling houses on the weekly in this area.

If you understand economics so well, then why claim that a 33% unemployment rate is when we should get worried. What you are saying is that when we are a third world country, we should be scared.

As for the economics professor statement...they have spent the majority of their working lives studying the economy. They know what is good for the economy, and what isn't. They certainly know what is better for the economy than someone on the internet forum making insanely uneducated statements.

And obviously you live in Martha's Vineyard, because as well off as my family is, gas prices are still something to complain about, and have been for the last 2 years.

This is purely basic economics in its simplest form...

 

[Banana Balls 5,000+ posts]

Not always true. When people bought at the height of the last bubble, especially in New England in the late 80s still haven't broke even.

I have no idea what New England did in the late 80's but I'll take your word for it. Are you talking about the housing market or investment market?

But I would challenge you by saying that people that bought at the height of anything fall into my category of people making bad decisions.

And of course I will obviously state that nothing is ever always true. There's always going to be an anomaly.