The Economy

[HEMI]

Re: The Economy

wow, let me in your secret :P

Joe,and anybody else, I'm making money in stocks.Buy low sell high.I'm not educated,licensed,or qualified to give finacial advivce.Just go with my gut feeling.
I've been interested in stocks for a long time,just like hot rodding.Just do your homework,just like buying a car.I've been doing homework on this co.since last August.
The currant compay that I bougt into issued it's IPO last March at $55.00 per.It's closest(and smaller,and I know that 95 percent of you use these companies) competetor issued it's IPO at $55.00 exactly 2 years ago and has been as high as $301.00 per.The one I invested in went up too high too fast and has stabilized for now.So I bought more.I've made 40k on a 100k investment in less than 30 working days,before I bought more.Went up .47 cents since Monday,made almost $1200.00 more.
Now I'm not giving any advice here,nor am I going to do what I am about to say.Earth quake in China.In 5 months snow will be setting in.China will need foreign help to feed,clothe,and shelther the poor victims of this disaster.The foreign workers will buy some local goods.Money will have to be transfered.Reaserach the company's that will provide the the needed serivices.You won't have much time to do home work.
Live with in your means.My newest vehicle is a 1989.Live in a modest 42 yr.old house,2 car garage.Buy my colthes at Salvation Army type stroes,Etc.Was always know as a penny pincher,built my '39 coupe in 1968 cheap(but not ratty).

Buying real estate is a good investment, especially building new stuff like apartments,duplexes, and modest single family homes right now if you are in the money. The market should be about bottomed out and ready to start back up in a year. These types are going to be the first to rebound. Farm land is through the roof, because of ethanol, so its on an upswing and isn't as good of investment right now. After the corn bubble bursts though, it will become viable.

The has been some China bashing around, but my heart is with those folks right now. That quake was devastating, and it hit an industrial center hard. It is going to take a huge effort to get things straightened out over there. People are still looking for relatives.

Thats all good advice. Just watch out for the tax man. As soon a sector gets on its feet, they will try to tax it half to death.

Take modest annuities till life ins,retiremment kick in.Cheat the tax man!

[73Nova]

Re: The Economy

Im doing the best I ever have in my short 25 years. I trook an Electrician Job at John Deere here in Waterloo and I cant work enough hours for them...60 last week 68 two weeks ago, but my company is in the ag business wich is booming right now. It sucks though I have no time for my hotrod...i havent even put insurance back on it yet.....

I think this economic recession isnt necessarily a completely bad thing....hopefully it will teach Americans how to conserve, save, and be smart with their finances instead of spend spend spend way beyond their means, hopefully it dosent ruin us as a nation, but somthing had to give, peoples debt and spending is completely out of control

[Fordplay0621]

Re: The Economy

The Aviation Industry is an up and down exisitence. One day you are employed and the next day your out looking for a new job. Whatever line of work your in, you need to be ready for that lifeline to snap. It's amazing just how comfortable people think they are until it happens. Been through it a couple of times now and it always gets better in the long run. Up and Down all the time. Those are the guys that will survive when it all come crashing down, because they will know how to survivie. Stocks and all are great but, you could be flat assed broke tomorrow if it all turns to crapp. Never be to comfortable is the Rule. And nowone will even care if you survive.

[bnjny]

Re: The Economy

Wow, not one post blaming foreigners or illegal aliens! Thank you for that...

The economy is in the crapper. The tax rebate checks are a joke. The dollar is worth less than that...

Some of you have fallen for the hat trick... I'm waiting to see how my 'tax rebate' will be taken out of my pocket in the next few years. If not by the end of this year.

I'm making more then last year, but it doesn't feel like it...

[orbit]

Re: The Economy

I work in construction, excavating to be exact. Things have been slow in the housing sector but work seems to be picking up a tad in commercial.

In housing, we seem to be doing more in house additions than anything else. We haven't poked a hole in the ground for a new house in two weeks or so. However, lots of plans are coming in for bid, both residential and commercial, which means absolutely nothing.

When busy, we dig mostly high end stuff in the North Shore suburbs of Chicago; Glencoe, Highland Park, Wilmette, Winnetka, Lake Forest, Kenilworth.

Knock on wood, we've been fortunate so far this year. I'll take the 30-40 hours a week right now.

I always plan for slowdowns in construction so we're sitting OK right now. The wife has a real good job so that makes things a little easier to swallow.

[SpiderGearsMan]

Re: The Economy

wife/job
where do I find this ?

[Schtauffer]

Re: The Economy

You can't borrow your way to prosperity. That is the root of the economic downturn, and people just don't get it. I read somewhere today that "they should make laws against banks lending money too freely. It hurts people." : That's like saying they should make curbs lower cuz people stub their toes. I say, "Lift your foot, numbnuts!"




[/quote]

Pretty simple to see where the economy is going. It's good or bad depending on who you are.

Those who do well are still doing well, but they are doing so at the expense of the middle class which is being strangled out of existance. It's not going to be too long before we return to a two-class system: The rich, and the poor with nothing in between.

I don't think it's any kind of accident that things are the way they are. I think it's a very well, thought out plan.

I work with a guy who thinks that Katrina, the tsunami is SE Asia, and now this Chinese earthquake have all been orchestrated by a secretive group of government control types who want to eliminate 1/2 of the earth's population and get rid of the poor because they don't contribute. He truly believes that Katrina was "steered". :P

[Brian Lohnes]

Re: The Economy

Dude...it was.

By Turk and his wind tunnel lovin' buddies!

I love a good conspiracy theory, but that's insane.

Brian

[Not A Duster]

Re: The Economy

I work with a guy who thinks that Katrina, the tsunami is SE Asia, and now this Chinese earthquake have all been orchestrated by a secretive group of government control types who want to eliminate 1/2 of the earth's population and get rid of the poor because they don't contribute. He truly believes that Katrina was "steered". :P

That's just silly.

I don't buy into "The governement/secret society did it" conspiracy BS. Frankly, I don't think the Govt. of either of our countries is smart enough to orchestrate anything as elaborate as these conspiracy stories.

However - good old fashioned greed is alive and well in our society...and that IMO is what will lead to our eventual downfall...without any help from secret control societies or Governments.

I'm pretty much a Capitalist - I love making money, but I also believe that our own short-sightedness is strangling us...along with our economy.

[Eliteman76]

Re: The Economy

I don't know...as far as the "not staying comfortable, I was working a job I did enjoy alot despite the stress and long hours at times...I was with a company that bought a company, then was bought out by another company in ahostile takeover, and all in the end {atleast, from the one co-worker at our small branch office} was just a way for a competitor of ours to eliminate us, and screw over our old owner.

Things have been worse, and they have been better for me and the wife. Last Christmas, I was staring at $57k in hospital bills, and no one single doctor could tell us WTF was wrong with my wife. Went through hell with her old job, just to keep it...then she got let go last october. She got hired on to her new job in early February, then at the end of the month, while I was home sick, my former boss came down from corporate, and I got handed my termination. Found out from a few people, they moved my job to a different branch office in another state, hired another guy for that region, all so they could save $35k a year.
Karma is a bitch though, I just found out from my brother, the sales manager got fired last week. Seems after I was let go, the company really angered some of the customer base, and a good portion of the vendors.
I've been sitting back, on my extended vacation, yeah money's been tight, the pay sucks...lol...but as I have been told this is the most relaxed in 7+ years I have been.
I've been pretty stressed at times, worrying how the F I am going to pay for the house payment, and the bills, but we have managed ok, but around here the job market has been a pain at times. Maybe, though, I think I have been too selective...but also, people don't like it at times when they get told to their face the truth. Probably why the former new boss had me axed. >
On the plus side, I have 2 interviews tomorrow, and just received a call back on another job.
Things with the economy, the oil prices and the raping at the pump, I'm dealing with it, but frankly, like Louis Black said in his stand up "the economy goes up, it goes down, nobody knows WTF it's going to do."
I right now am just taking care of me and my own, and don't give a damn about pretty much anything else.
At least with the time off I have had, I have gotten my Torino primered 3 times and blocked out 2, still need to wet sand the thing.
Just wish I had the money for my paint, but atleast it's primered, at 7 years of staring at the thing apart.
As far as the stock market, and rich vs. wealth, I am one of those in the past that didn't understand the true value of a dollar...never put much concept into saving, or what the REAL cost of something is, financing and credit, but in the last 10 years, I have changed my ways but fought a lot of semi stupid decisions and plan sh*t luck.
The only thing I can say is, I have my wife, she has me, and I have a roof over my head and a dog that does this stuff:

[73Nova]

Re: The Economy

The only thing I can say is, I have my wife, she has me, and I have a roof over my head and a dog that does this stuff:

Dude......that is one crazy ass dog

[bnjny]

Re: The Economy

wife/job
where do I find this ?

You don't find them, they find you...

To be one of the hunted, you might want to take a shower, brush the chompers and wear something that doesn't stink of oil and gas... Don't forget to clean under your finger nails. ;D

[antmnte]

Re: The Economy

THAT DOG IS MINT! Maybe you and him can go into home demolition. ;)

[Eliteman76]

Re: The Economy

THAT DOG IS MINT! Maybe you and him can go into home demolition. ;)

Sorry, didn't mean to hijack the thread but here is the mutt:



Funny thing I came home, after the first time he went through that door, he was wedged under the back of the Torino, and could not get out.
He has mellowed out alot, but he killed 4 doors. The I went steel.
Half German Sherpard, Half husky, all freak.

[ethelkilledfred]

Re: The Economy

Back to the subject;

I just got back from working in New Mexico. I drove a semi tractor trailer rig out there. The last time I drove over the road it cost $300 to fill up the tanks, this time around it cost $1200 to fill up the tanks. On my last fill up it was closer to $1400+ to fill it up. The company I work for pays the fuel bill. I don't know how truckers are making it with such high fuel prices. Going thru Az. NM. TX. and LA. I could hear it at the truck stops on how bad the economy was in those places and all over, nobody was buy nothing, houses, cars, toys and many people were out of work and losing their new cars to repos and houses are in forecloser. It seem like Cali was not the only with these problems. I wonder how much of this could also be blamed on out sourcing.