is our economy gonig down the crapper?

[Sircnay]

liar, you can't go past 100%.

[Cold_Zero]

Why not?If I start with 100 dollars and turn a profit of 300 dollars. What percent of profit have I made?

[Sircnay]

shhhhh!!!! Aggh math is my mortal enemies.

[Cold_Zero]

shhhhh!!!! Aggh math is my mortal enemies.

I guess so is grammar! j/k

[Sircnay]

Actually, grammar is my slave and I command it with a whip of calming rage.

[SmithSR]

This thread is starting to go way off topic, so let's reel 'er in.

Your outlook depends on where you get your news from.The business section of the local paper has a sidebar called 'In Brief' that offers a small headline and a quick overview. There are usually 5 or 6 of these minor headlines each day. Here are a couple notables from today, Saturday, August 7:

-Goodwill Industries(Tacoma) to open large new store-Price of regular gas falls below $1.90-Oil prices ease on good news from Russia, OPEC-Consumer confidence rises to highest level this year

[JESTER]

The way I look at it, is the way most people in my state look at it. North Carolina is loosing jobs left and right. Our jobs are based on textiles and furniture. Now alot of plants have closed down. And none are taking their place. Our textile and furniture companies are being put out of buisness because of unfiar trade practices with countries that send their goods to us (cheap made crap, that Americans buy with out thinking about the poor guy that don't have a job because they didn't buy American), but dont buy nearly as much of our goods.

Alot of our buisness have moved out of the country like General Electric. They went to Mexico after President Clinton signed NAFTA. There are a lot of people out of work. We have cities about to go under because of the lose of tax base.

Heck, Comm Scope and Seacore were hit extremely hard after 9/11. They laid off half to two third of their employess here in our area. They were the two biggest single employers in our area. Luckily they are struggling back, and will make a full recovery. Great thin about making cable and fiber optics, there is a growing need for it.

You guys can say yeah or nah all you want, but our economy is not healthy. Maybe it is strong out west and up north, but here it sucks big time.

The best work to get into if realistate. You can buy forclosures all day long.

[w1ngzer0]

[quote=" Cold_Zero The markets have been in the crapper since the late late 90's when the Enron and Worldcom scandels unfolded. I am sure it will rebound. I just hate how they announce that trading is off because of this report or that report. "Johnny stubbed his toe today playing, investors reacted harshly to Johnny toe stubbing incident. All markets were down as a result."[/quote]

Damn.... no wonder my dad lost his job. Damn fockers...

[w1ngzer0]

The way I look at it, is the way most people in my state look at it. North Carolina is loosing jobs left and right. Our jobs are based on textiles and furniture. Now alot of plants have closed down. And none are taking their place. Our textile and furniture companies are being put out of buisness because of unfiar trade practices with countries that send their goods to us (cheap made crap, that Americans buy with out thinking about the poor guy that don't have a job because they didn't buy American), but dont buy nearly as much of our goods.

Alot of our buisness have moved out of the country like General Electric. They went to Mexico after President Clinton signed NAFTA. There are a lot of people out of work. We have cities about to go under because of the lose of tax base.

Heck, Comm Scope and Seacore were hit extremely hard after 9/11. They laid off half to two third of their employess here in our area. They were the two biggest single employers in our area. Luckily they are struggling back, and will make a full recovery. Great thin about making cable and fiber optics, there is a growing need for it.

You guys can say yeah or nah all you want, but our economy is not healthy. Maybe it is strong out west and up north, but here it sucks big time.

The best work to get into if realistate. You can buy forclosures all day long.

That makes more sense. A lot of people say "world trade makes the USA richer" but how is it making it richer if we are buying things out of the country? Other then sweat shops... which should be baned

[Cold_Zero]

The way I look at it, is the way most people in my state look at it. North Carolina is loosing jobs left and right. Our jobs are based on textiles and furniture. Now alot of plants have closed down. And none are taking their place. Our textile and furniture companies are being put out of buisness because of unfiar trade practices with countries that send their goods to us (cheap made crap, that Americans buy with out thinking about the poor guy that don't have a job because they didn't buy American), but dont buy nearly as much of our goods.

Alot of our buisness have moved out of the country like General Electric. They went to Mexico after President Clinton signed NAFTA. There are a lot of people out of work. We have cities about to go under because of the lose of tax base.

Heck, Comm Scope and Seacore were hit extremely hard after 9/11. They laid off half to two third of their employess here in our area. They were the two biggest single employers in our area. Luckily they are struggling back, and will make a full recovery. Great thin about making cable and fiber optics, there is a growing need for it.

You guys can say yeah or nah all you want, but our economy is not healthy. Maybe it is strong out west and up north, but here it sucks big time.

The best work to get into if realistate. You can buy forclosures all day long.

A few observations.1. Indiana as well as a lot of other states have been hit hard with jobs moving out of the country. A lot of our electronics jobs from Thompson and GE have moved to Mexico. The steel mills up near Chicago and Gary have taken a big hit too. Indiana has been trying to develope life science jobs to try and off set the loss of jobs. They have also been trying to entice companies and corporate headquarters to relocate to Indiana. Flexibilty in this market is key. Some people and states are unwilling to be flexible and go with the changes that are dealt to them.

2. As long as people in the United States are more concerned with lower prices on consumer goods, they are not going to care about where a product is made. We buy tons of electronics from Korea, Japan and China.

[w1ngzer0]

A few observations.1. Indiana as well as a lot of other states have been hit hard with jobs moving out of the country. A lot of our electronics jobs from Thompson and GE have moved to Mexico. The steel mills up near Chicago and Gary have taken a big hit too. Indiana has been trying to develope life science jobs to try and off set the loss of jobs. They have also been trying to entice companies and corporate headquarters to relocate to Indiana. Flexibilty in this market is key. Some people and states are unwilling to be flexible and go with the changes that are dealt to them.

2. As long as people in the United States are more concerned with lower prices on consumer goods, they are not going to care about where a product is made. We buy tons of electronics from Korea, Japan and China.

If i see any piece of ram or CPU that says " made in korea" i return it instantly :oface

[JESTER]

A few observations.1. Indiana as well as a lot of other states have been hit hard with jobs moving out of the country. A lot of our electronics jobs from Thompson and GE have moved to Mexico. The steel mills up near Chicago and Gary have taken a big hit too. Indiana has been trying to develope life science jobs to try and off set the loss of jobs. They have also been trying to entice companies and corporate headquarters to relocate to Indiana. Flexibilty in this market is key. Some people and states are unwilling to be flexible and go with the changes that are dealt to them.

2. As long as people in the United States are more concerned with lower prices on consumer goods, they are not going to care about where a product is made. We buy tons of electronics from Korea, Japan and China.

That's the thing. We have some very poor leadership in my state. But we are going to correct that this fall, with out a doubt. Only problem is the governor hasn't realized it yet.

Our society is turning to a service based economy instead of product based. This will be a hard time for us. The younger generation will come out good, but the older ones will suffer greatly. It would be nice if our federal and state governments would realize this and take steps to get us where we need to be.

Our factory jobs are gone, and they won't be coming back.

[DAEDALUS]

The younger generation will come out good, but the older ones will suffer greatly.

On the flip side, a good portion of corporations have done away with pension plans since the 80s. I work side by side with people not too much older than me who will have a very comfortable retirement once they reach their "magic 75", which is the sum of their years service and age...so if you're 50 and you've worked 25 years at the company, you get to retire with a large percentage of your current income for life. I, on the other hand, get a "generous" 6% match on my own money that I put into my 401k. Also consider the projected grim future state of social security and increasing retirement ages (gen-x will probably retire in their early 70s, gen-y even later), and comparisons really swing the other way. This isn't just in the private sector. I bet benefits for government workers and armed forces have also been reduced and/or commitments increased over the past 25 years. Health care costs have been rising far faster than wages/earnings for years, and this plays a large part in the increasingly common tug-of-war between companies and their employees. Certainly future generations will be paying more out of their own pockets for health care than we do now.

[JESTER]

Social security has turned into a joke. Our government (the entire body) is unwilling to get their act together and fix it if it is fixable.

Government work is the way to go. It is the only retirement that has improved over the years. That is the main reason I have not gotten out of it myself. Once you get in, the bennifits trap you there. Hard to get out and pay all the stuff the stuff they pay for you.

[Sircnay]

The southeast since the Civil War has always generally never been able to catch up to the rest of the country. It's a statistical fact. You guys over there will always be a step behind for some reason.