jobs market caving
- Thread starter max420thc
- Start date
misshestermoffitt
New Member
Oh my GAWD, you are going to be so sorry that you asked. Get yer readin glasses out, it's gonna be a long one. 
ViRedd
New Member
Short answer ... Because January 20 is the date Obama becomes president. After that date, the media will start reporting that the economy is improving. After all, it was the media who was in the tank for Obama in the first place, no? For example, all the media has to do is start reporting that the housing market has stopped declining and will start increasing in price shortly. When they do that, people will start coming out of the woodwork to buy all the cheap housing ... and here we go again.
The bottom line is, Americans, for the most part, don't think for themselves and are very much influenced by propaganda.
Vi
medicineman
New Member
We can only hope the media turns the economy around. Perception is 90% of the cure anyway. If we percieve the situation is getting better, it will. I doubt anyone can cure the monetary problem with the FED., Or more likely that anyone in power would try.
FLoJo
Well-Known Member
i agree with the whole c*ck smoking issue with the media and obama, and i also agree about the perception of the economy by the media.. but obama himself has said it is going to get worse before it gets better and i dont think its going to get much better till at least the second half of his presidency if at all... its going to be a rough 2009
kind of agree expectations play a massive role in demand, but as for people not thinking for themselves also agree lol, but its fair enough really you wouldn't want to buy property while everyone thinks that it still might go down, you'll hold out till you expect prices to go up, but yeah i guess that should come from judging gov policies not the media, but the average person doesn't know anything about economics apart from what they read in newspaper etc...
Iron Lion Zion
Well-Known Member
The only problem is this is only a temporary solution. Things will get better for a couple quarters while Obama is in office because of the confidence and optimism people will show for him. Eventually, however, if things are not changed drastically (ie banks stop giving people who have shitty credit adjustable rate loans, which is what caused the value of housing to drop, or something is done about our commitments overseas) then we will only end up worse then we are now after people dropped all their money into a false sense of security.
Despite all this, the stock market will make people very rich if we ever do get out of this. Many stocks have been cut in half from the values that they had hovered around for years. Example: both yahoo and apple have dropped roughly 60% from where they were 1.5-2 years ago.
Just my 2 cents, I'm not a business major or anything like it (Biology actually
), this is just my prediction.
TheBrutalTruth
Well-Known Member
The only problem is this is only a temporary solution. Things will get better for a couple quarters while Obama is in office because of the confidence and optimism people will show for him. Eventually, however, if things are not changed drastically (ie banks stop giving people who have shitty credit adjustable rate loans, which is what caused the value of housing to drop, or something is done about our commitments overseas) then we will only end up worse then we are now after people dropped all their money into a false sense of security.
Despite all this, the stock market will make people very rich if we ever do get out of this. Many stocks have been cut in half from the values that they had hovered around for years. Example: both yahoo and apple have dropped roughly 60% from where they were 1.5-2 years ago.
Just my 2 cents, I'm not a business major or anything like it (Biology actually
Yahoo's worthless and Apple doesn't pay dividends piss-poor investments.
Same as Google, which has hundreds of millions for charities, but not jackshit for its shareholders/owners
misshestermoffitt
New Member
Just today CNN had an article saying that the economy is going to keep getting worse before it gets better. We are less than 2 weeks from Obama bing sworn in.
Places near me keep either closing or laying off. It's not seeming like anything is getting better. The news can say it's getting better all day long, but when I look around and still see "store closing" signs and new articles about layoffs, I'll believe what I see.
Places near me keep either closing or laying off. It's not seeming like anything is getting better. The news can say it's getting better all day long, but when I look around and still see "store closing" signs and new articles about layoffs, I'll believe what I see.
medicineman
New Member
Same as Google, which has hundreds of millions for charities, but not jackshit for its shareholders/owners
I almost bought 100 shares of google on opening, they said it would open in the 90.00 dollar range. I put in my order at 99.00 for 100 shares but it zipped right passed that before my order had a chance to fill, so I cancelled and never looked back. had I bought at 105.00 and held on, I'd of made about 85,000.00. What's that they say about hind sight?
I almost bought 100 shares of google on opening, they said it would open in the 90.00 dollar range. I put in my order at 99.00 for 100 shares but it zipped right passed that before my order had a chance to fill, so I cancelled and never looked back. had I bought at 105.00 and held on, I'd of made about 85,000.00. What's that they say about hind sight?
ViRedd
New Member
Well here's another opportunity for you Med ... and in spite of what the media is portraying, a bit of reality too: Housing in many areas, including Las Vegas are at bargain prices. Thirty Year fixed rate loans with B of A, with 10-20% down payment, a conventional loan (up to $417,000) was quoted today at 4.875%. With that in mind, all you have to do is refinance your two rentals to raise the cash, then start buying property. The opportunity is right now!
Go Big Guy ... go!
Vi
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