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Is The Economy Doing Good Or Bad? You Tell Me.

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Posted

I'm curious to hear what everybody thinks.

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Posted

I think there are bubbles

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Posted

Depends. Doing better, I think. Good? I think we are not at "Good" yet overall, but I would say we are "Good" compared to where we have been in the recent past. I do not think things are bad overall (though they are very bad for some).

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Posted

I'm not sure if the economy is "better" or if the populace has finally adjusted to the economy. I blew threw several years' worth of savings before I finally made the necessary adjustments. I'm still not where I need to be financially but I'm better off now than I was a year ago.

My immediate circles seem to have adjusted to the economy moreso than the economy has improved.

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Posted

Every time the economy seems to get a toe hold, oil prices shoot up and shoot us in the foot.

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Posted

All the indicators tell us that things are "better" - but I think because of the real estate thing its going to be a slow continuing upward trend for several more years. We had built up our economy on too much credit and inflated real estate prices, fooling ourselves that we were better off then we were.

I think that as long as we don't do anything foolish to get instant gratification economically, we are going to be in for a long stable period since we managed to save ourselves this time. Need to get more money into the treasury to pay for the recovery costs - even though debt is relatively cheap to service at this point, that will slowly start to change.

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Posted

good or bad, compared to what, is the question.

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Posted

not sure this is the sort of thing that can be measured anecdotally

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Posted

I dont think It is doing too well.

Yea, there may be a few more jobs availble now than there were in 2009, but most of them are low paying jobs, and the people who landed those jobs are still trying to feed their kids at the poverty level.

There are also mitigating factors that will ultimately collapse our economy soon. The 1% know this, and that is why they sent all of our jobs overseas so that they could pay their workers pennies on the dollar compared to the wages that they have to pay in the United States.

Also, we are quickly running out of oil, but our congress and president are so far up the oil companies ass, that they will never spend a dime to try and find a solution to our rising energy costs. Our economy will never be able to survive $7.00 or $8.00 a gallon gas prices, but those times are coming very soon, probably in the next 3 or 4 years. (estimated to be $10.00 a gallon by 2020... 7 1/2 years from now.)

They knew this energy crisis was coming 35 years ago when we had our wake-up call in the 1970s..., but because of greed, they failed to do anything about it, and now we will all suffer for it.

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Posted

Bad.

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Posted

Best I've seen in my business in at least five years.

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Posted

Bad, until I find a job

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