cpltony

While the stock market is down, the DOW is still around the same it was about 12-24 months ago. (11,000 - 12,000 I believe)
I'm not worried as my investments are in for the long haul.
But of course the way some of the media portray it.....its easy to get worried.
Give it time and the market will reallign itself.

Bluegrass Lass

If you look at it this way, with stocks falling, now is a prime time to buy (assuming you have the disposable cash). I'm glad there are other economists saying that a tax refund will not stimulate anything. We, for example, would take any tax refund and apply it directly to debt. And I would bet most families would do something similar. Tbh, I hope Americans are finally learning that we don't need half the shit we are buying and will actually attempt to save money and pay off debt.

Graxley

[QUOTE=Tarkak9;5821881]

Rates are going to be cut at the next meeting... .5 point is believed, .75 pnt is rumoured but I don't think its going be so. I am going to go with an assumption that rates will continue to be cut through out the year because its the only thing they can just about do.

Interest rates have been cut .75pnt before the opening bell! It seems the panic button has been pushed...

jason1308

We are hoping to be moving to one of the Northern states, Indiana, Michigan, Illinois or Ohio, and beleive that they are suffering more than some of the other states. Does anyone know how they are going to try and kickstart these states as they were built on the back of Heavy industry.

BritGuyTN

[QUOTE=Graxley;5823701] Bernanke FTW!

That just saved me a bundle on my $130k HELOC and my business line of credit

neil

[QUOTE=BritGuyTN;5823835] Yeah, but loses me money on my savings interest rate at a time when I'm also going to be losing on my investment related savings (although those are in for the long haul so I don't care so much about that).

Thydney

Has anyone thought about what they'd do if the tish hits the fan and the US slumps big time? What if you lost your job and couldn't walk into another?

ugacrew

I don't think it will be that bad. I think we are all victims of an economy that has been in neglect by the White House administration. I think once we have a change in the White House, there will be a renewed effort to get our economy back on track. The same thing happened when the elder Bush left office. The economy was in a recession recovering from one of the worst losses in 1987. I don't think we've even hit bottom like that so I'm optimistic about our recovery.

Graxley

If that happens the UK will probably be in the same position so going back will not be the answer. I also think the dollar and the pound have had their day and the Euro will emerge as the leading currency.

Thydney

Having been through the twatcher years I just hope it doesn't get that bad

BritGuyTN

damn americans with their optimism

i remember coming here in 2003 when the place was still suffering from the fallout of the 2001 dot com crash

NOT NICE TO BE IN SALES

half my wifes friends were unemployed or underemployed

ugacrew

For now it's going to be but with our weak dollar it puts us in strong position for foreign investment. That's one thing that makes our economy attractive for the moment. That will definitely be a catalyst for us getting back into the swing of things.

Teehehehe....gotta love being optimistic. It really keeps one happy and healthy.

nethead

I predict doom and gloom.
http://news.bbc.co.uk/1/hi/business/7202645.stm

Thydney

Post #3?

lapin_windstar

Doomed, we're all doomed, laddie!
Off the cuff and as an amateur not based in those states: what can "they" do? They're all privately owned companies with labor costs far higher than any overseas competitor, productivity isn't great, quality isn't actually that great. McCain's election stump speech is more or less "whoever [i.e. Romney] is telling you that these jobs are coming back is a liar". Michigan in particular is in a really bad position right now afaics. Tax refunds for the rich won't do much, and even interest rate cuts won't (well, shouldn't) stimulate *consumer* spending.

OTOH, those are trends for states as a whole - maybe you'll be able to find a job in a growing company or industry (they still exist!) and will be fine. A company with exportable knowledge or products is going to be better off than a company producing non-essential tat for domestic consumption, I would have thought...