Poll: Economic forecast for America by CT Members
- Thread starter grannysoo
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grannysoo
Well-known member
Don't let things like this influence your opinions!
http://www.nypost.com/p/news/business/d ... LykSJwTTEL
http://www.nypost.com/p/news/business/d ... LykSJwTTEL
Bez+
Well-known member
Only one account here frankie - and we are staying tight - circle the wagons and keep the little cash we have on hand - in our hands.
I believe it will get worse before it gets better.
I also believe if the various governments in the western world had cut cheques to the largest employers in the western world - small business - it would have kept the money in the country it was issued in - and it would have circulated.
Lots of the big boys took that money and ran away with it.
We will definitely pull in the horns for the next couple of years - debt reduction and saving are the ONLY two goals we have.
US buck is falling and the Euro is moving - it is going to make some big changes in the world we know today if the US cannot pull up their socks - and I am worried for them.
There are a couple of major economies out there that have the US by the short and curlies - and one day they will pull the trigger
The recession / depression will only be over when people have money to spend - NOT when the analysts say it is over.
Bez+
I believe it will get worse before it gets better.
I also believe if the various governments in the western world had cut cheques to the largest employers in the western world - small business - it would have kept the money in the country it was issued in - and it would have circulated.
Lots of the big boys took that money and ran away with it.
We will definitely pull in the horns for the next couple of years - debt reduction and saving are the ONLY two goals we have.
US buck is falling and the Euro is moving - it is going to make some big changes in the world we know today if the US cannot pull up their socks - and I am worried for them.
There are a couple of major economies out there that have the US by the short and curlies - and one day they will pull the trigger
The recession / depression will only be over when people have money to spend - NOT when the analysts say it is over.
Bez+
Jogeephus
Well-known member
1982vett":5hneooaz said:HS Battening down the hatches isn't nessecarly bearish. I just demonstrates the need and wisdom to hold in reserve the assets needed to fight another day under better circumstanses.
Jogee, welcome to camp. Did you bring Wilbur?
You betcha. I see Wilbur as being a saviour in the future. The economy may go down the tubes but we can at least eat well. Once I get a few things ironed out I'll be posting some depression era delicacies compliments of Wilbur.
HerefordSire
Well-known member
Read this... :shock: :shock: :shock: :shock:
http://www.foxnews.com/politics/2009/10 ... ear-sites/
http://www.foxnews.com/politics/2009/10 ... ear-sites/
1982vett
Well-known member
Many scary things about that article and have nothing to do with Russia inspecting nuke sites.
A broken elbow? ? ? ? Boy, I need to get out more often.
A broken elbow? ? ? ? Boy, I need to get out more often.
HerefordSire
Well-known member
1982vett":uigwx895 said:
I guess I could be wrong in my thinking......all one has to do is look at the common denominator and wonder if we as a country are really screwing up or not.
HerefordSire
Well-known member
grannysoo":15snnvb5 said:
That is what they want you to think. I wonder what the big boys are really up to. It almost seems like someone is getting blackmailed in a high position. I can't put my finger on it.
Oldtimer
Well-known member
DOW ended up 144.80 - closing at 10,015.86 today.....
At least something positive today.....Much of the speed of the recovery will count on how quickly confidence returns.....
At least something positive today.....Much of the speed of the recovery will count on how quickly confidence returns.....
1982vett
Well-known member
Yep, catchy headlines. Just hope it doesn't make the headlines tomorrow with likes of a 400 point loss.Oldtimer":hmok9qwk said:
Oldtimer
Well-known member
1982vett":396ttiu0 said:
Oh I'm sure there are still going to be some pretty big correction periods take place- but I was reading the other day that even some of the "average" Joe Blow investors are getting back their confidence-and sticking back their money- now that tight reins are being put on the Wall Street boys by the regulatory agencies- and that both Congress and all the governments around the world are working on closing some of the loopholes that allowed this to happen....
backhoeboogie
Well-known member
Oldtimer":1rrteekt said:
What investors are you talking to? What rhetoric are you reading?
One account Frankie, Once more in case you missed it AGAIN, One account.
Double digit inflation is what they are after. The elderly had best button down the hatches. Those of you who are in debt past your eyeballs will rejoice.
novatech
Well-known member
So me having to hock everything I own to stay afloat will turn out to be beneficial.backhoeboogie":32x9lvmi said:
:banana: :banana:
grannysoo
Well-known member
novatech":2g8luzpq said:
As bad as I hate to say it, if things are that bad, them perhaps it would be beneficial. Look for the US dollar to devalue by at least 50% in the next few years.
If you're in that deep already, it just might be a good investment.
Be nice, I hate to make comments like that........
backhoeboogie
Well-known member
grannysoo":ca5uz6gi said:
It is just a matter of "the truth hurts".
Most investors are buying land. Land is cheap. Lots of forclosures out there.
john250
Well-known member
Backhoe, do you mean "real estate" as opposed to "land"?
I see lots of houses and small parcels for sale, either foreclosed or voluntary, but I don't see a lot of ag land for sale. And while prices are off from their peaks of '08, they are still bankable.
My county still has at least two outfits which will buy tillable land in the 40 acres and up range.
Real estate is cheap, relative to a couple yrs ago. Land is still pretty strong.
Your local market could be way different than mine.
I see lots of houses and small parcels for sale, either foreclosed or voluntary, but I don't see a lot of ag land for sale. And while prices are off from their peaks of '08, they are still bankable.
My county still has at least two outfits which will buy tillable land in the 40 acres and up range.
Real estate is cheap, relative to a couple yrs ago. Land is still pretty strong.
Your local market could be way different than mine.
grannysoo
Well-known member
john250":3qs9hkgh said:
Land John, land. Stay as far as possible away from real estate at this time. The fat lady hasn't even started warming up yet for real estate.....
backhoeboogie
Well-known member
Most of the premium farm land has already been ruined by housing developments. Things such as lesser land on highway frontage that was tied up on speculations is starting to flow. It is suitable for 5 and 10 acre "ranchettes" for the city folks to get out on. The accessibliby makes it commercially desireable if you can hold it for the long term. People are holding minerals and dumping the land cheap, at least in some cases. Financially embarassed people offering low profile deals are some of the best. Occasionally you face the opportunity of flipping it to neighboring land owners who start to panic when you drop the backhoe or cat there and start clearing brush.
TexasBred
Well-known member
Can't find any land bargains around me anywhere. Having more luck lately buying minerals than land. Some of the folks hoping to get rich quick on gas are bailing out now after selling land and holding minerals. Have been able to buy a couple of well secured real estate notes but finding good ones is becoming harder and harder as well.
cross_7
Well-known member
[/quote]
Land John, land. Stay as far as possible away from real estate at this time. The fat lady hasn't even started warming up yet for real estate.....[/quote]
what happens when they take away the ag exemption and property taxes are higher than what your making with cattle ?
Land John, land. Stay as far as possible away from real estate at this time. The fat lady hasn't even started warming up yet for real estate.....[/quote]
what happens when they take away the ag exemption and property taxes are higher than what your making with cattle ?
