#4236197 - 11/09/09 07:39 PM
Re: Whos ready for another possible recession?
[Re: TheRealCSnapper]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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I doubt it
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-Jeff
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#4236522 - 11/09/09 09:10 PM
Re: Whos ready for another possible recession?
[Re: Screamin' Type-R]
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JSIR
Post Master Sr
Registered: 11/06/99
Posts: 6411
Loc: London, Ontario, Canada
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Whether it happens is anyone's guess. none of the so called experts are able to predict that, look at how many financial whiz's got hammered by the recent downturn.
But it doesn't take a brainiac to figure out we are in long term trouble. When you ship a huge amount of jobs to Mexico and China, import every thing we use from China, and then borrow money from China it doesn't take much to predict another recession does it ?. When will we face the facts that we have people in our society that must work in the manufacturing sector ?, we can't ship out industrial base to other countries without paying big. We can't have a nation where everyone is a doctor, lawyer or engineer, as appealing vocations they may be we can't have a productive nation of white collar professions. The middle class is getting hammered right now and without the middle class supporting economic activity the nation will be stagnant. Kill the middle class and everything goes downhill from there - less taxes (corporate and personal), less social programs, worse family issues, increased violence, worse education, deteriorating infrastructure, on and on and on...... . Our politicians are such fuck-ups, their leading us down a path of self destruction.
Edited by JSIR (11/09/09 09:13 PM)
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 02 S2000- Summer toy 12 Ford Explorer - Daily driver/Winter ride
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#4236588 - 11/09/09 09:26 PM
Re: Whos ready for another possible recession?
[Re: JSIR]
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loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11337
Loc: Ontario, Canada
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thats why 2012 will be a blessing 
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#4236693 - 11/09/09 09:56 PM
Re: Whos ready for another possible recession?
[Re: loudsubz]
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westsiders
Poster
Registered: 06/16/02
Posts: 284
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a few economic whizs already predicted another downturn. The whole economy is being propped up by the stimulus (in other words, every manufacturing, production, and consumer spending is fake ... ie. Car sales will drop like rock in the 3rd quarter. The whole recovery is a masquarade that can not last past the winter of 2010 ..... and once people see through it, which they will eventually do ....... boom!, depression style.
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#4236736 - 11/09/09 10:09 PM
Re: Whos ready for another possible recession?
[Re: loudsubz]
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JSIR
Post Master Sr
Registered: 11/06/99
Posts: 6411
Loc: London, Ontario, Canada
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the U.S has gone from almost full employment to huge unemployment in a short period of time. Their economic growth numbers may improve but employment will never get back to low levels of the recent past. The U.S. middle class has been devastated and without them buying goods our economy is set to be equally poor.
Increasing oil prices will be the only help to our economy, though a high loonie will hurt us, and Ontario will resemble Newfoundland 15 years ago, basically a have not province.
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02 S2000- Summer toy 12 Ford Explorer - Daily driver/Winter ride
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#4237617 - 11/10/09 09:01 AM
Re: Whos ready for another possible recession?
[Re: Screamin' Type-R]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45596
Loc: Raptors Land
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srsly, china and the richer mideast countries could fuck the US (economy) up badly if they wanted to (as well as a couple of those others ones mentioned), literally in a day. Canaduh would of course get the negative fallout from this too.
The US is already doing a pretty good job of that by printing $$ and spending $$$ they don't have.
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#4237691 - 11/10/09 09:26 AM
Re: Whos ready for another possible recession?
[Re: A2B-Lexus]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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srsly, china and the richer mideast countries could fuck the US (economy) up badly if they wanted to (as well as a couple of those others ones mentioned), literally in a day. Canaduh would of course get the negative fallout from this too. The US is already doing a pretty good job of that by printing $$ and spending $$$ they don't have.
They would fuck themselves over too.
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-Jeff
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#4240064 - 11/10/09 08:53 PM
Re: Whos ready for another possible recession?
[Re: Cozmo]
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JSIR
Post Master Sr
Registered: 11/06/99
Posts: 6411
Loc: London, Ontario, Canada
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I made a decision years ago to stay in an industry that was not affected by economic swings. It was a lower paying job at the time, but I thought at least I would keep working all the time and not worry about being laid off every so often. I thought avoiding lay-offs might pay for itself in the long run, and I think it has. I just don't worry about economic changes as it doesn't affect my work at all.
I do worry about the overall economy and the direction our province and country is headed, while it doesn't really affect me much it pisses me off that our government sees certain industries as being expendable and don't realy care about jobs being shipped to other countries.
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02 S2000- Summer toy 12 Ford Explorer - Daily driver/Winter ride
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#4240131 - 11/10/09 09:11 PM
Re: Whos ready for another possible recession?
[Re: 87ZCSi]
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Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
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#4240235 - 11/10/09 10:03 PM
Re: Whos ready for another possible recession?
[Re: Euphoricuck]
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loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11337
Loc: Ontario, Canada
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i can't wait till everyone is selling cars for dirt
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#4241802 - 11/11/09 01:13 PM
Re: Whos ready for another possible recession?
[Re: loudsubz]
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Just A Troll
Curved Street Thug Life
Post Master
Registered: 09/24/09
Posts: 2221
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When that happens you won't be able to afford them, so don't worry about it  Oh on the contrary.
So you're financially independant? By that I mean: You don't work for someone else and you have a positive net value (ie: no debt at all!!!) ?
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I don't need to use this space to show off my car or my camera gear.
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#4242080 - 11/11/09 02:14 PM
Re: Whos ready for another possible recession?
[Re: Just A Troll]
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Alexandre
Wish I could have my old name back
Post Master Supreme
Registered: 04/28/05
Posts: 15457
Loc: Toronto
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When that happens you won't be able to afford them, so don't worry about it Oh on the contrary. So you're financially independant? By that I mean: You don't work for someone else and you have a positive net value (ie: no debt at all!!!) ?
We are all self made billionaires here.
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WTF?  
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#4242312 - 11/11/09 03:08 PM
Re: Whos ready for another possible recession?
[Re: Senor Eduardo_82]
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Kid Bro Sweets
Post Master Sr
Registered: 11/09/06
Posts: 6774
Loc: GTA
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We are all self made billionaires here.
I am a millionaire. It's a weird thing to hear, right? Lemme tell ya, its a weird thing to say: I am a f****** millionaire. And guess how old I am...27, you know what that makes me here? A f****** senior citizen. Anybody who tells you that money is the root of all evil, doesn't f****** have any. They say money can't buy happiness. Look at the ******* smile on my face! Ear to ear baby! You want details, fine. I drive a Ferrari 355 Cabriolet. What's up? I have a ridiculous house at the South Fork. I have every toy you could possibly imagine. And best of all, I am liquid.
And your time is done, i hate when movies etc fuck up car names so bad Honda 2000 
_________________________
James Carter: Lee, let me introduce you to Carter's new theory of criminal investigation: follow the rich white man.
Lee: Follow the rich white man?
James Carter: Behind every big crime there's a rich white man waiting for his cut.
"Without this thinking you would see, you would see numbers that you wouldn't believe in reverse."
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#4242652 - 11/11/09 09:51 PM
Re: Whos ready for another possible recession?
[Re: Just A Troll]
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loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11337
Loc: Ontario, Canada
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When that happens you won't be able to afford them, so don't worry about it Oh on the contrary. So you're financially independant? By that I mean: You don't work for someone else and you have a positive net value (ie: no debt at all!!!) ?
other than mortgage (I'm married and shes a teacher) I don't have any other personal debts at all, and I have a fair share saved in the bank. Thats what happens when your a cheap bugger like me and just put all your money away and don't really spend it.
Edited by loudsubz (11/11/09 09:52 PM)
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