From the Mall to the Docks, Signs of Economic Turn

Discussion in 'Politics' started by Xenophon, Apr 26, 2010.

  1. Xenophon
    Offline

    Xenophon Gone and forgotten

    Joined:
    Nov 27, 2008
    Messages:
    16,705
    Thanks Received:
    3,750
    Trophy Points:
    48
    Location:
    In your head
    Ratings:
    +3,751
    From Docks to Dealerships, Signs of Economic Turn - NYTimes.com

    I found this article interesting, as you read along it sounds great, things are getting better, until you get to page two and see this:

    The entire artical smacks of that house of cards feel, talking about people being 'tired' of savings and 'wanting' to spend.

    We shall see if things really are getting better or not.
     
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    FWIW my son and his pal migrated to Seattle last month.

    They both got jobs....that will start when the owners (two different companies) sense an upturn in business.

    That's their outcome with these boys spending every day looking for work, folks.

    They're not picky, they'll take McJobs, I expect.

    So while there may be some hopeful signs of recovery, it doesn't appear to be making much difference to those two young hopefuls.
     
  3. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,541
    Thanks Received:
    19,879
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,534
    You still have hope....the economy can still fail
     
  4. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,277
    Thanks Received:
    14,924
    Trophy Points:
    2,210
    Ratings:
    +37,089
    Three are signs of economic growth, no question.
     
  5. Xenophon
    Offline

    Xenophon Gone and forgotten

    Joined:
    Nov 27, 2008
    Messages:
    16,705
    Thanks Received:
    3,750
    Trophy Points:
    48
    Location:
    In your head
    Ratings:
    +3,751
    That is not my hope you four star moron.

    The hope is the guy who's ball you daily lick, obama, won't ruin it, as he already prolonged things at least 6 months or more with his reckless spending.
     
    • Thank You! Thank You! x 1
  6. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,277
    Thanks Received:
    14,924
    Trophy Points:
    2,210
    Ratings:
    +37,089
    I mentioned before my bro in law is an international commodities traders (he moves real products around the world, he does not speculate in futures contracts) and he tells me that shipping lines are consolidating and have just jacked their prices up by 1/3 to offset the lost volume.
     
  7. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,576
    Thanks Received:
    8,171
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,219
    I am not optimistic. We all know the 2010 numbers are going to be inflated as business take profits this year with the lower tax rate rather than next year when the tax rate hikes. Not to mention Insurance premiums that are atleast going to quadruple next year.

    Im afraid this downturn will look like a picnic compared to what's coming.
     
  8. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,576
    Thanks Received:
    8,171
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,219
    The economy fails if President Obama succeeds. So hopefully he doesn't destroy our lives.
     

Share This Page