For all that posted that the coming RECESSION, was not going to happen

[=Matt 5.0=]

Seeing as how a gallon of milk, and a gallon of gasoline are about the same money up here.......

[Guest muddy]

Ronald Regan once said the the cost of milk is a very important gauge of the economy

[KYbass1276]

Seeing as how a gallon of milk, and a gallon of gasoline are about the same money up here.......

Well I can say the dairy farmers aren't getting rich.   There going in the hole as well.

[Zel]

Muddy, you're right about the cost of milk. Milk prices are up 36% from last winter. We won't drill for offshore oil, or in Alaska, or the oil sands in mid-America. We won't build new refineries. We won't convert coal to diesel with a consumer sales price of $1 per gallon with a process that is safe and will not damage the environment. Yet we create a nationwide increase in demand for the corn-based fuel additive ethanol that has led to markups on cattle feed and is partly to blame for the price spike. It's all relative.

[HesterIsGod]

I won't lie, I am very worried about the economy. I am 17 and will be part of the work force for the next 5 decades at least, so I am in it for the long haul.

[Root beer]

I blamed high taxes, mortage company, the federal reserve, and some consumers.

Lets face it; it dont take a rocket scienciest to figure out when you people spend so much money so rapidly eventually they'll run out of things to spend. More money you spend more that increase the demand for a products thus increasin price and thus increasing other craps! If the Consumer salary doesnt go up and th GDP goes up then everybody buying power goes down.

Meanwhile some companies have adjusted living salary meaning if the GDP went up 3% the salary of employees goes up 3%.

Of course the otherside of the field the employers dont give a rat @$$ about basic economic and is keeping the money to themselves.

Moral of my post you ask? recession comes and go big bass are hardest to get hold of.

Recession helps some people, but hurt others. That the major downfall of our market and our way of life..people will get left behind and goverement will get involved then we all go down.

I think WE as a consumer is responsible for the high prices. the goverments and oil company just took advantage of us because they are "opportunist"

[Maxximus Redneckus]

Ya its here ,i feel it most at the fuel pumps i own a bus and have a contract. For 25 yrs  my mom owned the bus,s and contract she passed in january ,RIP mom,,, anyhow 10 yrs ago she was putting out 700 a month in fuel today when i went to get fuel the guy who owns it that me and mom have dealt with for 20 yrs said no more accounts for fuel it has to be paid each time i said why he said truckers are making 4 gran in bills each week and only paying half the next week after fill ups with accounts i said how much do i owe for this month so far 2154.00 and that was fuel at 3.99 a gal today it was 4.14 wow 15 cents in 3 days with the bus contract i make 5 gran a month NOW im gonna be puttin out half in fuel WOW ITS here for sure the little guys will fade out in the next few months

[KYbass1276]

I think also that our society is so far in debt it's pathetic.  People now buy for want not need.  Everywhere you look people have 6 or 7 credit cards with high balances.  Alot have home's they can't afford and should have never been given the loan for to begin with.  2 new cars sitting in the driveway  that probally wasn't even needed but had to keep up with the jones  It seems like credit is given away like candy nowadays and where feeling the effects of it.  Coupled with high fuel most people don't have any money to spend other than on there bills, and apprantly some can't do that

 

[Jay_G]

Interesting topic Muddy. Here is some food for thought and it will lead you to a problem.

Why are companies outsourcing to other countries. Too expensive to do business here? What or who is the cause of that? Just curious what people think.

Take Bandit Lures. Where are they made...China

[Dan:]

Interesting topic Muddy. Here is some food for thought and it will lead you to a problem.

Why are companies outsourcing to other countries. Too expensive to do business here? What or who is the cause of that? Just curious what people think.

Take Bandit Lures. Where are they made...China

I don't think its because it's as much that labor is too expensive here, it's just that it is MUCH cheaper in other countries. It is even cheaper to outsource now then before because of favorable investment policies in foreign countries and the mobility of production that resulted from new technologies. I think companies are just realizing they can save a lot of money by moving production overseas.

[=Matt 5.0=]

Interesting topic Muddy. Here is some food for thought and it will lead you to a problem.

Why are companies outsourcing to other countries. Too expensive to do business here? What or who is the cause of that? Just curious what people think.

Take Bandit Lures. Where are they made...China

NAFTA....

[GitRDoneIke23]

No way it goes to 4 pages

Looks like 4!!! ;D ;D

8-)

[Dan:]

Why are companies outsourcing to other countries. Too expensive to do business here? What or who is the cause of that? Just curious what people think.

Take Bandit Lures. Where are they made...China

NAFTA....

Yeah, NAFTA removes trade regulations that would make production overseas more expensive. The idea is to let the market do its own thing without restrictions, as a result, companies move their production to where they can take advantage of cheap labor and American workers lose their jobs. It makes production cheaper which profits the companies but it also makes stuff cheaper (sometimes at the cost of quality though)

But it's not just NAFTA, lots of places in Asia like China, Korea, and Taiwan have really lenient trade policies because it helps them by bringing in foreign investment. They want to make it cheap for Nike to make shoes in Taiwan so that Nike will create jobs and income for the Taiwanese people.

It's a double edged sword: either you can let the market do what it does and companies will chase lower costs and increased profits and create cheaper goods at the cost of American jobs OR you can restrict the free market with trade regulations that force companies to keep production local to preserve American jobs at the cost of cheaper goods. The companies have so much lobbying power that it's pretty easy for them to get the trade restrictions to benefit them. That's the difficulty of the problem, corporations' ability to lobby politicians to create policies that benefit them. But it's also the lobbyists and governments in foreign countries that are doing the same.

[Glenn]

Ok guys... this is getting political now.  Fair warning.

[Guest muddy]

3rd post 5th page and it's el lokeroonie time ;D

[RiskKid.]

One thing can stop any recession.......BRING ON THE BAITMONKEY!!!!

[Guest muddy]

It's Raul's turn to feed him

[Tin]

One thing can stop any recession.......BRING ON THE BAITMONKEY!!!!

I don't even know if he could help all the damage his cousin, The Huge House and Big SUV (that we want to fit in but can't really afford) Ape, did. :

[South FLA]

Recession Technical Definition- 2 negative consecutive periods or more of negative GDP .

Real Answer: Hasn't Happened

Do I think we are going to experience a recession?

Yes, due to leading financial indicators, but it is just SPECULATION until it HAPPENS.  

What goes up must come down people!  

Many of us are to blame for the current economic situation.  

If you bought a house and the terms were way too good and now you can't pay, then you are part of the problem.

If you are swimming at the deep end of the pool financially and you really shouldn't even be in the kiddy pool, then you are part of the problem.  

If you are a union member that has negotiated your company under the table financially, then you are part of the problem.

If you don't have enough liquid assets due to your financial myopia then, you are part of the problem.  

If you were so naive to think that you didn't need health insurance and had Uncle take care of it, then you are part of the problem.    

If you rally against Nuclear energy or drilling available oil fields then you are part of the problem.  

If you invested in debt securities backing people that did some of the above then you are a major part of the problem.

If you listen to the media too much and use short term market trends to move your money to safe havens such as bonds, t-bills, and gold, then you are adding to the problem.  

Don't worry though we are all in the same boat and some of us didn't fall victim to the afore mentioned shortcomings.  We will right the ship, but learn your lesson and pass it on.  We are Americans and we are still the number 1 economic power in the world.  Without us who would the rest of the world sell to at such volume? Sounds Americentric, but its TRUE.  

As I stated what goes down will come up.  So buy undervalued equities, pay off your debt, diversify your investments, work smarter not harder. know your fiscal limits,  rally for lower corporate taxes, rally for energy sources that work NOW (drilling and processing plants in the good old USA, Nuclear Power Plants without all the red tape), educate your children so they know more than you and can compete against the global market, invest in companies with good fundamentals domestic and foreign. and lastly don't whine about how bad it is.

CFA, MBA, MHA

Now go fishing  ;D

[Guest muddy]

Quote:100% the truth

Recession Technical Definition- 2 negative consecutive periods or more of negative GDP .

The rest  

[cart7t]

Interesting topic Muddy. Here is some food for thought and it will lead you to a problem.

Why are companies outsourcing to other countries. Too expensive to do business here? What or who is the cause of that? Just curious what people think.

Take Bandit Lures. Where are they made...China

Several reasons.

W-a-a-a-y cheaper labor.

No need to provide benefits like health insurance.

No need to comply with regulations concerning worker safety, pollution controls or safety in what they build (ie; see Mattel toys made with lead paint.)

If you'll notice. Even after a company moves offshore to manufacture a product the prices never go down even though their expenses have in a really big way.  

After WWII, the USA was the manufacturing giant of the world.

Now, we barely make anything here anymore.  We've become a service industry.  I have no idea what this country is about anymore.  We sold the American way of life down the river years ago for corporate profit.  While some would say protectionism is the fastest way to isolationism, it's clear that just dropping the tariff boundaries completely is the fast way to what we have today.

[flechero]

I think also that our society is so far in debt it's pathetic.  People now buy for want not need.  Everywhere you look people have 6 or 7 credit cards with high balances.  Alot have home's they can't afford and should have never been given the loan for to begin with.  2 new cars sitting in the driveway  that probally wasn't even needed but had to keep up with the jones  It seems like credit is given away like candy nowadays and where feeling the effects of it.  Coupled with high fuel most people don't have any money to spend other than on there bills, and apprantly some can't do that

This is the best response in 5 pages.

YOU CAN'T BORROW YOUR WAY OUT OF DEBT  Until people take responsibility for themselves and decide to pay off some debt and live on less than they make, there is not a real solution.  Companies are also way too far in debt...

"Act your wage!"  -Dave Ramsey

[KYbass1276]

Alot of people would be better off if they would take the advice of  Dave Ramsey.   He definatly has it togather

[Siebert Outdoors]

I think also that our society is so far in debt it's pathetic. People now buy for want not need. Everywhere you look people have 6 or 7 credit cards with high balances. Alot have home's they can't afford and should have never been given the loan for to begin with. 2 new cars sitting in the driveway that probally wasn't even needed but had to keep up with the jones It seems like credit is given away like candy nowadays and where feeling the effects of it. Coupled with high fuel most people don't have any money to spend other than on there bills, and apprantly some can't do that

This is the best response in 5 pages.

YOU CAN'T BORROW YOUR WAY OUT OF DEBT Until people take responsibility for themselves and decide to pay off some debt and live on less than they make, there is not a real solution. Companies are also way too far in debt...

"Act your wage!" -Dave Ramsey

I agree with both those statements.  That is the exact reason the housing went to the toilet.  Double morgages for people who cant afford the first one.  If you have to borrow your down payment and borrow your house loan.  Honestly I dont think you can afford that house.

[Tin]

I think also that our society is so far in debt it's pathetic. People now buy for want not need. Everywhere you look people have 6 or 7 credit cards with high balances. Alot have home's they can't afford and should have never been given the loan for to begin with. 2 new cars sitting in the driveway that probally wasn't even needed but had to keep up with the jones It seems like credit is given away like candy nowadays and where feeling the effects of it. Coupled with high fuel most people don't have any money to spend other than on there bills, and apprantly some can't do that

This is the best response in 5 pages.

YOU CAN'T BORROW YOUR WAY OUT OF DEBT Until people take responsibility for themselves and decide to pay off some debt and live on less than they make, there is not a real solution. Companies are also way too far in debt...

"Act your wage!" -Dave Ramsey

I agree with both those statements. That is the exact reason the housing went to the toilet. Double morgages for people who cant afford the first one. If you have to borrow your down payment and borrow your house loan. Honestly I dont think you can afford that house.

I agree that houses are part of it, but the credit cards and vehicles helped too. Certain people around here are in-danger of loosing their homes but can still go out to dinner all the time and drive brand new cars and SUV's.