Every indication seems to be that the depression is going to deepen this fall.
The Adjustable Rate Mortgages begin to reset, credit defaults will increase, and the combined effects of personal bankruptcies and unemployment will create additional drag on the economy.
This is going to be a long hard winter I think.
???
Any working examples of any of these suggestions?
QuoteAdjustable Rate Mortgages begin to reset
Anybody who entered the housing market with this type of mortgage without understanding
their responsibility is costing everyone money.
Pretty sure the unions would not allow the volunteer portions of most of your list.
I don't agree that every indication is that things will be worse in the fall. I am not predicting a fast recovery and preparing for the worst is a good idea. I have heard several predictions that the depression is slowing and we may be looking at a slow and fragile recovery beginning.
I agree Jeff.
I just don't see it getting much worse in the fall. I am in the camp that thinks stocks may retreat a bit in the early fall as earnings projections disappoint. I do however believe that we will register some GDP gains in the 4th quarter for no other reason than the fact that we fell off a cliff in Q 4 of last year.
Mortgage resets are largely factored into the picture. I understand that the resets subsequent default rates are going to be very large and unemployment is going to keep increasing, but I think capacity and inventories have been cut to the point that we are finding an overall economic bottom.
The recovery should be weak to say it best. I see this economy sputtering along the bottom through at least the first half of 2010.
My house closing has been held up almost a week (so far) by the appraiser saying the worst is over and the housing market (forclosure inventory) is starting to move, so he entered the words "MARKET STABLIZED". Well, that pissed off the VA in Plano TX, or Las Vegas NV, and they are demanding he enter declining market at World Golf Village. Now the "Village" is involved saying they are entering 30-70 new residents into the various neighborhoods every month. So while they are in a pissing contest, I'm sitting on a pile of boxes and counting the money these fools are going to cost me if it drags on past the first! At least if I'm not at the meetings or dinner the next few weeks, y'all know where I at... As soon as this is done IM IN OKLAHOMA - CALIFORNIA and maybe COLOMBIA for a bit!
OCKLAWAHA
How much money could we all save if we just drank tap water?
How much money could be saved not filling our landfills with little bottles?
We don't have control over the global economy, but it is time to start making little changes, at the very least.
http://www.sacsheriff.com/crime_prevention/documents/neighborhood_watch_06.cfm
The little bottles are one of the few things that are truly recyclable. Please do not put them in the trash.
Quote from: JeffreyS on June 28, 2009, 10:06:41 PM
The little bottles are one of the few things that are truly recyclable. Please do not put them in the trash.
Outstanding ideas. Thanks samiam.
Florida's June numbers are 10.2% I believe, as they were reported in the JBJ.