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Forums > Active Threads > General Tractor Discussions > Everything and Anything

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Poll Are we in for a double dip recession

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DennisCTB
Join Date: Nov 1998
Posts: 2644 NorthWest NJ
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2011-09-26          180573


There seems to be widespread thinking that we might be in for bad times ahead, with the prospect of a double dip recession ....back to the pits of 2009.

What do your think?

Recession is when your friend loses their job, depression is when you lose your job! Migraine headaches occur when your employer decides you are too old for your line of work and lays you off, and you have multiple kids starting college, and you are about to enroll in Medicare, and you see the size of your first Social Security check.......LOL



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____________________________________________________________________________________
Poll Are we in for a double dip recession

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greg_g
Join Date: Jan 2004
Posts: 1816 Western Kentucky
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2011-09-26          180574


Given that so many folks have either been treading water since Jan 2009 - or have already sunk - I'd say we've already been served that second dip. So rather than bandy about "another" recession, perhaps the more succinct question would be; are we now sliding towards a depression?.

//greg// ....

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Poll Are we in for a double dip recession

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kthompson
Join Date: Oct 2005
Posts: 5219 South Carolina
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2011-09-26          180577


Many of you know I am an insurance agent. For the last year probably 80% of all conversations begin with: I need to save money or cut expenses. Those I talk with seem to think the election will at least not make it worse as feel worst is in power now. ....

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Poll Are we in for a double dip recession

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kwschumm
Join Date: Feb 2003
Posts: 5764 NW Oregon
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2011-09-26          180588


Although the economists say the first recession ended I don't believe it. They look at numbers but ignore the reality on the street. So IMO there will be no second dip, just a deeper first one.
....

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____________________________________________________________________________________
Poll Are we in for a double dip recession

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DennisCTB
Join Date: Nov 1998
Posts: 2644 NorthWest NJ
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2011-09-27          180593


It is an interesting box we are in at the moment. With China slowing its growth, our economy stuck and in debt, Europe mired in deficits and entitlement issues. With the US election a year away ... an ineffective Congress that is not united to help the people.

Yet when everyone thinks things could not be worse that is usually the sign that things are going to get better. I rememeber when the market was hitting its high prior to the Y2000 crash, even people with only $500 of total life savings were putting the money into the market. On the down side it is a lttle harder to tell.

I knew someone years ago that based his investment strategy on his own index. Each Sunday he got the NY Times and recorded the number of Ferari's that were for sale and charted the results. Lots of Ferari's for sale being negative :). ....

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____________________________________________________________________________________
Poll Are we in for a double dip recession

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kthompson
Join Date: Oct 2005
Posts: 5219 South Carolina
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2011-09-27          180603


Not sure now which candidate on the Republican debate last week said something this line: there is the world economy, the US economy and then your local economy which is the most important to you.

Interesting about two weeks ago was talking with a pest control company. They said they were very busy and doing very well. Why? All the fears of bed bugs and houses siting vacant had them busy treating for those. ....

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Poll Are we in for a double dip recession

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cutter
Join Date: Feb 2000
Posts: 1303 The South Shore of Lake Ontario, New York
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2011-09-28          180634


Toss out the politicians. Even I could fix this economy if allowed to do so. If Obozo continues with his policies we shall all be broke and jobless. ....

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Poll Are we in for a double dip recession

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skipll
Join Date: Feb 2011
Posts: 184 Robbisville NC USA
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2011-12-03          181495


Quote:
Originally Posted by cutter | view 180634
Toss out the politicians. Even I could fix this economy if allowed to do so. If Obozo continues with his policies we shall all be broke and jobless.

Obozo----is he not the hope & change fellow?
Well I see no hope with him & the changes are not for the better . ( OH yikes--don't get me started on this ) ....

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____________________________________________________________________________________
Poll Are we in for a double dip recession

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kthompson
Join Date: Oct 2005
Posts: 5219 South Carolina
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2011-12-03          181502


Quote:
Originally Posted by skipll | view 181495
Obozo----is he not the hope & change fellow?Well I see no hope with him & the changes are not for the better . ( OH yikes--don't get me started on this )


Skip think they got the words out of order: WE "hope" for "change" in the white house. I really believe if the right candidate is elected along with positive elections in the Senate and House the economy will almost at once begin to open up. People are so tired and companies that have money for the most part are holding onto it to see which way it is going. ....

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