Recession Official - Page 2 - Contractor Talk - Professional Construction and Remodeling Forum

MALCO.New.York · 12-01-2008, 07:33 PM

Quote:

Originally Posted by ruskent

Once the messiah gets sworn in...............

Hush your mouth!!!!

Max Nomad · 12-01-2008, 07:57 PM

Biggest issue with the "confirmation" of a "recession" has nothing to do with that confirmation at all. It's about consumer confidence with their spending. If we can manage to keep that turned around as much as possible we won't become any more burned by the economic downturn. sometimes I prefer to think of it like a high school/college party. Yeah, things kick into high gear after something gets broken and the drama really goes berserk when the cops show up... but more often than not if you're in the right place at the right time and wait it out with the right attitude you'll find yourself right back at that same party -- the difference is that it's thinned out the crowd and those who are left will have a good time AND a place to sit down or chill out with their date.

Bodger · 12-01-2008, 08:20 PM

Ah...'scuse me Mister...could you stake a fellow American to a meal?...

rotarex · 12-01-2008, 08:26 PM

Quote:

Originally Posted by MALCO.New.York

One of the best?????

in my eyes he was the best for mind power in that era and on TV, he would have been a good president, i mean arnold can run cali, bruce would have done a good job

MALCO.New.York · 12-01-2008, 08:31 PM

Quote:

Originally Posted by rotarex

in my eyes he was the best for mind power in that era and on TV, he would have been a good president, i mean arnold can run cali, bruce would have done a good job

He was born in CA., so he was a REAL Citizen. As for "that Era"...... I have yet to observe any Human that has equaled or rivaled Jun Fan (Bruces name at Birth) in the department of mind/body/intent control and management.

davitk · 12-01-2008, 08:47 PM

Quote:

Originally Posted by AtlanticWBConst

The main thing that bugs me is the media hype that will generate miserly-ness with people and companies. That affects out business hugely.

X2. Most of my clients have the money to spend NOW but but keep getting scared into sitting on the fence. As it is I am busy as heck NEXT SPRING.

woodmagman · 12-01-2008, 08:58 PM

Quote:

Originally Posted by MALCO.New.York

He was born in CA., so he was a REAL Citizen. As for "that Era"...... I have yet to observe any Human that has equaled or rivaled Jun Fan (Bruces name at Birth) in the department of mind/body/intent control and management.

You freaked me out there for a second, I read internet control

....Jun Fan? Did he not have a relative, born a back a few years... Jes Us or am I thinking of someone else.
mind/body/intent control....i think he has a birthday coming up...

Now that would be a cage match, one walking on water the other on hot coals.

man what does this have to do with recession...oh yeh postive thinking

MALCO.New.York · 12-01-2008, 09:01 PM

Quote:

Originally Posted by woodmagman

man what does this have to do with recession...oh yeh postive thinking

Ask Rotarex!! HE STARTED IT mom!

Bodger · 12-01-2008, 10:34 PM

Quote:

Originally Posted by MALCO.New.York

Ask Rotarex!! HE STARTED IT mom!

Recession, guys down on their luck, walking around Tampico begging for pesos. Stake a fellow American to a meal...
What movie MALCO?
(hey, I did my best to keep it on topic, I mentioned recession and everything..)

MALCO.New.York · 12-01-2008, 10:40 PM

Quote:

Originally Posted by Bodger

Recession, guys down on their luck, walking around Tampico begging for pesos. Stake a fellow American to a meal...
What movie MALCO?
(hey, I did my best to keep it on topic, I mentioned recession and everything..)

Something to do with Tampico???

Sams Friend???

Bacalls Baby?

Falcon Man?

California?

1948? (Google told me that)

Bodger · 12-01-2008, 11:53 PM

Quote:

Originally Posted by MALCO.New.York

Something to do with Tampico???

Sams Friend???

Bacalls Baby?

Falcon Man?

California?

1948? (Google told me that)

Bogie, Huston, et al

neolitic · 12-02-2008, 07:58 AM

Quote:

Originally Posted by Bodger

Bogie, Huston, et al

We don' need no steenking badges.

Bodger · 12-02-2008, 09:00 AM

Quote:

Originally Posted by neolitic

We don' need no steenking badges.

lawndart · 12-03-2008, 08:07 AM

The recession is real.

I know over 3 dozen families that have lost their shirts the past few months. Their 401k's, annuity's, and retirement funds have lost 50-70% of its value. All of them would be considered middle to upper middle class families, and Most were only a few years away from retirement. After talking with them its no secret that all of them are now looking at working atleast another 10 years. That is of course if they still have their jobs.

Add in all the people that have lost their jobs already, or sitting on bad mortgages, and it might be hard to be optimistic about a quick rebound. This recession is very real, and it's affecting the poor all the way to the upper middle class (99% of our population).

Tom R · 12-03-2008, 08:41 AM

Quote:

Originally Posted by ruskent

Once the messiah gets sworn in the media will start reporting postive things about the economy.

That's it in a nutshell.

Bodger · 12-03-2008, 08:48 AM

Let's hope it turns around. I've seen some lean times and a few recessions. but I've never seen the Big Three in front of congress with a tin cup begging.
Of course, they flew to D.C. in their private jets.

MALCO.New.York · 12-03-2008, 09:03 AM

A calculated monetary crisis creates a situation where the Government has the Resources to offer such a "Bailout". Once the Money has been offered and then doled out, the Government then "Owns" those that they "bailout".

It is the Ultimate way of Economic Control and Control of Cash Flow.

There is NO MISTAKE in the happenings of today.

buildpinnacle · 12-03-2008, 11:32 AM

No economist here...but here's a thought. Those of you with the actual numbers chime in as maybe I'm not realistic. The 'what started at $700 B' bailout monies...why not take this money and pay off every mortgage in the united states so we all own our homes. IMO this does a couple things. It frees up tons of monies for the consumer to spend money. Also, banks won't be hurt b/c they get all of their reserves back and people will start to finance against their equity, upgrade to twice the home for half the payment after they sell theirs (assuming they put their sale monies as down), or buying second houses. To me, being an lowly contractor, this makes more sense than throwing money at the businesses. If we, the consumer, don't get money to spend at these business or banks then how will they make it past the bailout?

MALCO.New.York · 12-03-2008, 11:38 AM

Quote:

Originally Posted by buildpinnacle

No economist here...but here's a thought. Those of you with the actual numbers chime in as maybe I'm not realistic. The 'what started at $700 B' bailout monies...why not take this money and pay off every mortgage in the united states so we all own our homes. IMO this does a couple things. It frees up tons of monies for the consumer to spend money. Also, banks won't be hurt b/c they get all of their reserves back and people will start to finance against their equity, upgrade to twice the home for half the payment after they sell theirs (assuming they put their sale monies as down), or buying second houses. To me, being an lowly contractor, this makes more sense than throwing money at the businesses. If we, the consumer, don't get money to spend at these business or banks then how will they make it past the bailout?

A short answer defining the "Why not?"............See post DIRECTLY above yours..........

lawndart · 12-03-2008, 12:47 PM

Quote:

Originally Posted by buildpinnacle

No economist here...but here's a thought. Those of you with the actual numbers chime in as maybe I'm not realistic. The 'what started at $700 B' bailout monies...why not take this money and pay off every mortgage in the united states so we all own our homes. IMO this does a couple things. It frees up tons of monies for the consumer to spend money. Also, banks won't be hurt b/c they get all of their reserves back and people will start to finance against their equity, upgrade to twice the home for half the payment after they sell theirs (assuming they put their sale monies as down), or buying second houses. To me, being an lowly contractor, this makes more sense than throwing money at the businesses. If we, the consumer, don't get money to spend at these business or banks then how will they make it past the bailout?

Basically what your proposing is for the government to bail homeowners out of their mortgages (which would be 1,000 times more than the 700 billion dollar bailout BTW) and aquire more debt, after baling everyone out? I could only pictue how worthless the dollar would become lol..

There is no easy solution to this mess. What most people dont realize is were paying the price for the low interest rates over the past 10 years, which in turn caused housing prices to be so inflated, that it has become hard for the average american family (Fireman and School Teacher) to afford a home. We're in for a very tough stretch of 5 years IMO.

My business is still turning a profit thankfully, but I've gone back to my local carpenters union, and paid my dues, so that I can make a good paycheck just in case I need to survive in the future. Afterall Mr. Obama has talked about starting a government works program similar to FDR's new deal, so hopefully there will be a bunch of government projects being funded by the end of next year.

Good luck to everyone, I've got a feeling that its going to get alot worse before it gets better. This is certainly going to be a very rough time period in our lives. I hope I'm wrong.