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10-11-2008, 12:15 PM
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#11 (permalink)
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 Red Belt
Join Date: Feb 2006
Posts: 8,768
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Quote:
Originally Posted by NMMMAFan
That's from St. Louis. It's obviously a strong area in the country.
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I can see how that's confusing. That's the St Louis FED but the data is nationwide.
Quote:
Originally Posted by NMMMAFan
I know last summer the company I work for was getting 1100-1200 orders a month and just last month we only got in about 300 so real estate is definitely much slower lately than in the past.
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That's exactly what you'd expect during a real estate slowdown.
__________________
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson
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10-11-2008, 12:15 PM
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#12 (permalink)
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Huzzah
Join Date: Mar 2006
Location: Boston
Posts: 17,751
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Quote:
Originally Posted by kingstu
Can someone explain to me why this bailout was necessary?
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Unemployment is our nation's greatest enemy.
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JCVDD
"If a motherfucker can’t live on $3 trillion, fuck em, you know what I’m sayin?"
~kingstu
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10-11-2008, 12:16 PM
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#13 (permalink)
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Red Belt
Join Date: Feb 2006
Posts: 8,768
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Quote:
Originally Posted by Octavian
Unemployment is our nation's greatest enemy.
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I agree...I just don't see how borrowing another $700BN will have any impact on that.
__________________
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson
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10-11-2008, 12:17 PM
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#14 (permalink)
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 Brown Belt
Join Date: Mar 2008
Location: Not on an aircraft carrier.
Posts: 2,598
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Quote:
Originally Posted by kingstu
This is what I mean...where is the waterfall we are supposed to go over. Aside from passing the bailout...NOTHING has been done and things are still chugging along. I'm afraid GWB hadn't fucked up enough during his administration...so he decided to have one more colossal fuck up before he left office.
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I agree. This was a horrible idea and I am suspiciously appalled at the amount of final support of this bill.
As Jay Leno sad, "A failed president and a failed Congress pushing a bill to bail out a failed stock market. How could this fail?"
__________________
I admit to nothing and apologize for even less.
- Me
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10-11-2008, 12:18 PM
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#15 (permalink)
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the last of the Americans
Join Date: May 2007
Posts: 5,217
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Quote:
Originally Posted by Tom Kazanski
I agree. This was a horrible idea and I am suspiciously appalled at the amount of final support of this bill.
As Jay Leno sad, "A failed president and a failed Congress pushing a bill to bail out a failed stock market. How could this fail?"
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LOL
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10-11-2008, 12:19 PM
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#16 (permalink)
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Red Belt
Join Date: Feb 2006
Posts: 8,768
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Quote:
Originally Posted by LavrentiBeria
It's not all media induced panic. Even the Silicon Valley is starting to see layoffs.
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We would expect to see layoffs in any downturn.
__________________
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson
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10-11-2008, 12:21 PM
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#17 (permalink)
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Banned
Join Date: Jun 2006
Location: www.palinaspresident.us/
Posts: 11,036
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A couple of my friends have been looking for jobs for months. One of my friends applies for 3-4 jobs a week, every week. Nothing.
The people across the street moved out. When I spoke with them they said that it's just too expensive and they need something smaller.
One guy I know moved back home to live with his mother. He's 31, has a college degree, and works a customer service job through a temp agency.
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10-11-2008, 12:23 PM
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#18 (permalink)
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Red Belt
Join Date: Feb 2006
Posts: 8,768
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Unemployment (during recession)
Current - low 6% range
2002 - low 6% range
1992 - high 7% range
1982 - high 10% range
Seems pretty normal at this point...
__________________
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson
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10-11-2008, 12:24 PM
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#19 (permalink)
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Brown Belt
Join Date: Mar 2008
Location: Not on an aircraft carrier.
Posts: 2,598
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Quote:
Originally Posted by Mens Rea
A couple of my friends have been looking for jobs for months. One of my friends applies for 3-4 jobs a week, every week. Nothing.
The people across the street moved out. When I spoke with them they said that it's just too expensive and they need something smaller.
One guy I know moved back home to live with his mother. He's 31, has a college degree, and works a customer service job through a temp agency.
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Sounds like your friends need to lower their standards and work their way up after getting an entry level position.
The people across the street should have done better financial planning and not bought a house they couldn't afford in the event of an economic slowdown.
Why is a guy with a degree working at a temp agency? This one needs to raise his standards.
__________________
I admit to nothing and apologize for even less.
- Me
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10-11-2008, 12:24 PM
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#20 (permalink)
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Red Belt
Join Date: Feb 2006
Posts: 8,768
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Quote:
Originally Posted by Mens Rea
A couple of my friends have been looking for jobs for months. One of my friends applies for 3-4 jobs a week, every week. Nothing.
The people across the street moved out. When I spoke with them they said that it's just too expensive and they need something smaller.
One guy I know moved back home to live with his mother. He's 31, has a college degree, and works a customer service job through a temp agency.
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There are stories like this during all economic times...during recessions (which we are most certainly in at this point)...there are just more.
__________________
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson
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