YES.
Have we hit bottom yet? I personally think we are still just looking over the edge into the abyss, the real fall has not started yet.
If you’re still asking, then no, we haven’t hit bottom yet...
A Look back at 2008 (and 2007):
The question is, “ARE THEY FOR US OR AGAINST US?”
http://www.truthusa.com/AgainstUSorForUS.html
Neither statement is true.
If you believe the economic collapse resulted from too much easy money, there is little reason for optimism. Both our governments and our families continue to pile up debts that exceed the ability or will to repay them. Something has to give.
Yep, something has to give.
One expert comes on TV and tells us we have too much consumer debt - for the good of the country we have to pay down our debt and live within our means. We have to start saving again. Another expert tells us our country is in bad economic shape because we aren't buying enough consumer goods. We have to regain our confidence and start buying again.
I made a New Year's resolution last year - pay down my debt. I quit impulse buying. I've been paying well over the minimum due and only charging enough to keep a couple cards active. One company slashed my credit limit because I wasn't using it. If I can keep it up I should be almost debt free by 2010 - then I can help the economy by buying again. Not much, and using a credit card as little as possible.
The stories might not surface, but the frictions are going on.
Big time. We may not even get to confirmation hearings.
here’s a bright spot:
http://www.sacbee.com/business/story/1501773.html
(exerpt)
Experts debate role of housing in Sacramento economy’s recovery
By Jim Wasserman and Dale Kasler
“One bright note is that the (housing) sector that led the economy into this morass is about to turn the corner, perhaps as soon as this summer, and will start to lead us out,” said Scott Anderson, senior economist at Wells Fargo & Co.”
Supply is down. It would take 3.9 months to sell today’s nearly 11,000 listings in Sacramento County and West Sacramento. A year ago: 12.2 months.
• Sales are up. After 37 months of declines in the region, something new began in April: eight months of year-over-year sales gains. Prices better match area salaries.
• Conservative lending and safe loans are back. Nine in 10 California mortgages this year had fixed rates, according to the California Association of Realtors.
During the Great Depression, the big crash of 1929 saw the Dow plunge from a high of 380 on Aug 26 to a low of 228 on Nov 11, then the market rallied back to 295 on Apr 11, ‘30.
From there, the market declined to it’s absolute low of 42 on July 5, 1932.
Folks, in historical terms, we’re still in “December 1929” today.
I predict something bad happening sometime around the 20th of June in 2009. That would be three and a half years before “the end of the world on Dec. 21 2012”, the mid point of the tribulation.
My prediction:
Liberal blue states in the northeast and midwest will go down the crapper, and government will steal money and resources from functioning conservative red states in the south to prop up the welfare bums and thieves.
Haven’t we seen this scenario before?
Have we hit bottom yet? with obama in office the answer is yes for four long years even with his training wheels on.
I think this is a question that will be asked every year about this time for the next decade.
Yes...or no. It depends on how off-the-leash the new Dem Congress is. If (I know, BIG ‘if’) they temper their desired headlong rush to foll-on socialism in the face of fiscal reality we may see a stagnant economy until mid-terms or, failing a GOP recovery then, 8 years out. If, on the other hand, Obama and Congress race to implement all their socialist wishes while the crisis is still hot, then we are in BIG trouble and Major Depression looms.
Forget the stock market — watch the dollar in relation to other world currencies. If the stock market went sideways all year and the dollar tanked, you are still losing your shirt.
The dollar is what hasn’t even begun to really slide yet, let alone hit bottom. 2009 won’t be pretty.
I have it on good authority that tens of thousands haven’t filed for unemployment yet due to severance pay and their jobs not officially terminating until the end of 08’ This will result in unemployment rocketing up in Q1 and it will not peak until Q2. Couple this with low consumer confidence and the continued declined in home values and sales and the answer is NO.
I predict Q2 to be the bottom with a very slow 3 year recovery...
You see, now that the World has been saved from the evils of industrialization and greed, all that unlimited money coming in from living “Green” will make the dream of “Utopia” real.
So, spend, (mostly other people's money.) eat, drink and turn the evil Capitalistic World inside out. It's a new Human race, perfect in every way! </s
YES.