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  #1  
Old 06-21-2007, 05:25 PM
brian brian is offline
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Default State of the economy?

A lot of worrying tremors about the world economy...

On the one hand, we have repeated warnings about world property markets being over-valued due to property investment, generally funded by debt.

Then we have warnings about the state of the stock market, with Morgan Stanley issuing a warning on European equities, and now Bear Stearns is looking at the collapse of a couple of its Hedge Funds.

I was expecting a soft downturn in the world economy three years ago, but since then debt has funded a huge boom.

Does it look like that debt bubble is bursting, and that we're on the verge of hitting a very hard downturn?

The collapsing subprime mortgage market is dragging down the US property market, and it seems like we're looking at the chains on a string of dominoes being broken to let them fall.

Hard times ahead, or just doom-saying?
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  #2  
Old 06-27-2007, 01:18 PM
Tom Ipp Tom Ipp is offline
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Default Re: State of the economy?

Well, I can't say anything about European stocks because I don't deal with that but I know the Mortgage and real estate business is expected to be on the downfall for the next few years, however, thats always the way, if you ask people in the business it becomes abundantly apparent that there is no happy medium we are either eating lobster or eating top romin. It seems like there is usually a four to six year cycle for good and bad the important thing is not to be a dumbass with your money when times are good, wich is why many Mrtg shops are closing now, and to remember it's gonna come back and not get caught up in the media blitz of economic armagedon, it's their job to excite you. I think the constant negative media attention has a huge effect on the business, all the ARM coverage makes people not trust lendors and we get a bad rep because of a minority of crooks, also the constant talk of the downfall of the market scares people out of buying. At the same time if channel 12 News says prices are gonna rise everone jumps on board, if the media would chill we could have a happy medium but thats not how the world works so whatever. So to answer the question yeah. Hard times but it will bounce back and everyone will be buying Mercedes and Cadillacs again by (probably before) 2010.
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Old 06-27-2007, 02:20 PM
Mynion Mynion is offline
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Default Re: State of the economy?

Well, there's the good and the bad... (some of these were pulled from another source)

First, the bad...
A weak dollar, large U.S. debt, the federal budget deficit, the trade imbalance, job outsourcing to foreign nations, foreign ownership of U.S. debt,
the war in Iraq, terrorism, bird flu, global warming, high gas prices, the next election and so on.

But, the good...
Low inflation, low unemployment, U.S. worker productivity increases, interest rates still at relatively low levels, huge corporate profits, record tax
revenues, strong growth in GDP, complete political stability in the
U.S. and all industrialized nations (save parts of the Middle East),
the demise of Communism (but for Cuba and N. Korea), the growth
of capitalism in China, India and the Far East, technological and
health care/life sciences innovation, and generally improved standards
of living around the world (save third-world countries whose policies
prevent them from catching the wave).

As Dickens said, "It is the best of times and the worst of times."
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Old 06-28-2007, 11:13 AM
Tom Ipp Tom Ipp is offline
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Default Re: State of the economy?

Quote:
Originally Posted by Mynion View Post
As Dickens said, "It is the best of times and the worst of times."
Good post!
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  #5  
Old 07-28-2007, 10:28 PM
parise parise is offline
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Default Re: State of the economy?

I am still waiting for the economy to make an upsurge with war production. When is that going to happen?
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