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catchshime
Joined: 25 Jun 2009
Location: "I am not born for one corner; the whole world is my native land."
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 Posted: Tue Sep 15, 2009 1:35 am Post subject: |
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| nathanrutledge wrote: |
Except that the unemployment rate has stabilized, durable goods orders are up for the last 5 of 6 months, consumers cut their outstanding debt by 21.6 billion in July alone (forecasts were for a cut of 3-4 billion), inventories are down for the 11th straight month, and shipments of goods are up for the second month in a row. I could go on and on and on, but why bother.
Consumers cut their debt by paying it off and not buying new goods or services, so that hurts the economy in the short run, but helps consumers in the long run. Inventories are low which means that companies will be forced to resupply, buying more goods and services. Durable orders are up, shipments of said goods are up. The recession has reached its apex and we are beginning the long climb out of it.
There is no doom and gloom. You are wrong. |
Just out of curiousity: where do you get your information from? |
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Gibberish
Joined: 29 Aug 2009
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| Posted: Tue Sep 15, 2009 1:42 am Post subject: |
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| I'd like to say for the record that I just got a job today, as a server at the nicest restaurant in town. Money money money. |
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Forward Observer
Joined: 13 Jan 2009
Location: FOB Gloria
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| Posted: Tue Sep 15, 2009 12:34 pm Post subject: |
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http://www.usatoday.com/money/economy/housing/2009-09-14-mortgage-modifications-not-helping_N.htm?csp=usat.me
I liked this response:
Here's a puzzle for you armchair bankers:
I lend $100 to 100 different people at the exact same time. The loan must be paid back in 12 months and will cost $10 in interest. So, at the end of the year everybody owes me $110. The year is up and all 100 people come in at the same time to make their payments. 95 of them hand over the $110 as agreed. The last 5 tell me they can only afford $105 or they won�t pay me anything. I figure it�s better to get something rather than nothing so I accept their settlement. The other 95 people are standing there staring at me.
What happens next? |
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