Economy on the rise.....

[CAP1]

while i realize a lot of people are out of work........there is only one thing that's going to fix our economy. that is people spending money. that is what the economy is.
 if people would spend money, then the out of work people would have more chance of finding jobs, to produce the stuff people are buying. it really IS that simple.
 the economy is not some big blob that the govt wants you to think it is. it is you and me spending money.

 i'll use my shop as example. if more people come in, and fix their cars(spend money), then i'll be too busy to do it all myself, thus creating a job or two.

 same for the guy across the street. same for pretty much anything.
 then as people are buying things, spending money, putting more people back to work, then all of them will have more disposable cash again, and will in the future be able to do things like fly,  go boating, etc again.

 you/we cannot sit and wait for the govt to fix things, as it's well known, that pretty much everythign they touch goes to poop.

[Stoney]

i'll use my shop as example. if more people come in, and fix their cars(spend money), then i'll be too busy to do it all myself, thus creating a job or two.

Agree 100%, but you have to admit there's a bit of a Catch-22 involved.  If I don't have a job, I can't pay you to fix my car, and so on...

[CAP1]

Agree 100%, but you have to admit there's a bit of a Catch-22 involved.  If I don't have a job, I can't pay you to fix my car, and so on...

yea...that is the catch-22 part.

 i have a couple of customers i'm taking payments from, so that they could afford to get their cars fixed, so they could continue to try to find work.

 it also comes down on those who still have jobs though. a lot pulled money out of the banks. a lot didn't, and are just sitting on what they have, waiting to see what happens.
 if those with jobs just sit on their money, then it will continue to get worse for everyone. if those with jobs spend on things....even if it's minimal, and only things they need.......things will start to get better.

 the big thing is that we all have to stop listening to the talking heads expounding how dire things are. they do nothing but put on the show that'll net them the most viewers, and the most money. if doom n gloom sells(which we all know it does) then that's what we're gonna hear from them.

[RipChord929]

Have ya seen the numbers on personal debt over the last yr, dropped alot.. Thats where the money is going..
Thats a very good thing, because debt and defaults are what has caused this whole mess. Ppl spending money based on electronic projections of their worth... Ooops, the projections were wrong, numbers don't add up, bill is coming due..  Default!
The wave started some yrs ago, personal debt, home mortgage, banks, insurance co's, on and on..... See where it's going right?

Good news for CAP, is that ppl are fixing what they have, instead of buying new.. Or pulling things out of mothballs, and letting the bank have their new car back..  Alot of that going around.. Ppl will weather the storm, no doubt.. How well, depends on how big a hole you are in to start with..  Took a long time to get in this predicament, just has to work its way out again... Govt efforts to avoid it, are just making it worse!  And WHAT kind of insanity, has them spending trillions, and turning things upside down in whole areas of the economy, at a time like THIS?   Something going on there, not good!

It ain't over yet!
  RC

[lyric1]

See Rule #14

[Mystery]

I'm not a degreed economist but have some empirical knowledge.

Economy definitely on the mend but it got so ugly we have a long way to go. Unfortunately the pain index is still very real and will be for a while yet. Some indications of job growth but nothing to make your socks roll up and down.

Factory orders up, executives still sandbagging forecasts because they're afraid of getting burned.

What's different about this recent crash is the speed with which it spread to global markets. Like it or not, global economic perceptions are interconnected as never before. Perception (fear or optimism) drives markets, markets drive capital and capital drives jobs either directly or indirectly.

It is a new global economy and many (not all) of the classic rules are out the window. So comparisons to other depressions are not very valid.

Best thing to do is as the WWII-era British slogan says, "Keep Calm and Carry On". This will pass but it will take a bit.

[oakranger]

See Rule #2

[lyric1]

See Rule #2

[CAP1]

Have ya seen the numbers on personal debt over the last yr, dropped alot.. Thats where the money is going..
Thats a very good thing, because debt and defaults are what has caused this whole mess. Ppl spending money based on electronic projections of their worth... Ooops, the projections were wrong, numbers don't add up, bill is coming due..  Default!
The wave started some yrs ago, personal debt, home mortgage, banks, insurance co's, on and on..... See where it's going right?

Good news for CAP, is that ppl are fixing what they have, instead of buying new.. Or pulling things out of mothballs, and letting the bank have their new car back..  Alot of that going around.. Ppl will weather the storm, no doubt.. How well, depends on how big a hole you are in to start with..  Took a long time to get in this predicament, just has to work its way out again... Govt efforts to avoid it, are just making it worse!  And WHAT kind of insanity, has them spending trillions, and turning things upside down in whole areas of the economy, at a time like THIS?   Something going on there, not good!

It ain't over yet!
  RC

yea, you're right. it's not over by a longshot.


you're also right, in that my business is starting to go a little better because people are keeping their cars/trucks longer.

 know what's funny though? the customers that could be considered poor, and have crappy jobs seem to be more willing to spend their money than those that have jobs that pay 2x what the other guys do.
 they come in, and when they're given an estimate(and 2 of them this week, i recomended they get rid of their cars in favor of somethign better).....well......they just say "what the hell, it's gotta be done, go ahead and handle it."

 those with the good paying jobs, and nicer cars(which SHOULD be maintained much better than they are).......well, those guys whine if ya tell em that a headlight bulb is gonna cost them $14.00.

[Dadsguns]

Hey, I did my part this week, paid 500+ bucks to fix my car only to find out when I picked it up that it aint fixed yet.....   

[CAP1]

Hey, I did my part this week, paid 500+ bucks to fix my car only to find out when I picked it up that it aint fixed yet.....   

i hate when that happens.

i tend to try to keep cars till i know they're fixed right.

i had a 94 caprice spend 3 weeks here, because each time i thought i had it licked, it fooled me.

 the shop across the street has a windstar doing the same to him. i was just talking to him about it yesterday.


 everyone thinks fixing cars is easy, when nothing could be farther from the truth.

 on that note, if they told ya it was fixed, and they were sure, i'd take it back to them.

[Delirium]

I said some time ago the economy would see a resurgence of life this year. I said the bigger companies would start showing profits in May/June (I was off by a month), followed by housing prices in most locales rising in Aug/Sept  (exception being California where it is already inflated), and (lastly) followed by a gradual decrease in the unemployment numbers.

A lot can prevent this ideal time-line from progressing; additional/restrictive taxation, a rise in the cost of energy, increased military conflict, and a few more natural disasters. I'm hopeful but I'm still preparing for the worst, this way I won't disappointed.

[uptown]

In my area the economy is not on the rise, and won't be for quite a while, if ever. In the last 3 years we have lost Rubbermaid, Young Radiator, Toastmaster, a super Walmart, 2 auto parts stores, 3 movie rental places and all the tax revenue that goes along with it. Property taxes, utility bills, fuel prices, water and trash pickup, insurance, all went up.

We as a community here passed a 1/4 cent sales tax to fix up the city pool for the kids but the powers to be decided to redirect the moneys to a railroad that you never see a train on. We also lost the local landfill. Things are not good here.

As a result, folks are packing up and moving to the big city or out of the state completely.

[Eagler]

Anyone thinks we can spend our way out of this mess doesn't understand the basics. 
Do not believe what our "leaders" tell you - uncontrolled spending (i.e. spending what you don't have or could never pay back) is what got us here. Another word for it is GREED - at all levels. Unsupported credit lines. Materialism - stupidity.

IMHO, until the "too big to fails" are allowed to fail and the markets adjust accordingly, we are pumping money into an over valued balloon that has a huge hole on the other side... A hole no one wants to admit is there. The pumping is just slowing the downward spiral, it doesn't patch the hole.
This "rise" is being created by printing money and the tax increases which have to follow (for all of us folks - not the j "rich" who make over 200k). If you think it is getting better, you have been fooled. If your little piece of the world is looking brighter right now, good for you. The problem is there isn't anything in place to perpetuate or expand on that improvement.
Pay down your debt; stop spending and start saving for worse times to come.

Have a nice day

[Maniac]

Goldman Sachs sued by the SEC.

Double Dip is started.