Economy - mixed signals

[salty87]

Re: Economy - mixed signals

lose 600k jobs a month for a few months and people get a little shell-shocked. if used buicks are hot, i agree...things are bad.

doesn't matter how low rates go, people won't buy if they're worried about their job.

the govt is throwing good money after bad. can't spend your way out of a debt problem.

 

[triumphrick]

Re: Economy - mixed signals

the govt is throwing good money after bad. can't spend your way out of a debt problem.

Economics 101........

 

[mthieme]

Re: Economy - mixed signals

I had a neighbor who sold an older car in a week and an old MFG 15' boat move this winter for $1,500 in a day.
Everybody else I know can't move squat.

Not sure how many have ever heard of Liz Ann Sonders. She's a senior vice president at Charles Schwab who sometimes appears on TV and often appears on Schwab's website. Anyway, Liz Ann has what she calls the "Emotional Roller Coaster" graph that charts over time the various emotions we go through in each economic cycle. The part of the curve above the line is "Optimism" while that part of the curve below the line is "Pessimism."

In the "Optimism" part we go through "Enthusiasm" and "Exhilaration" before reaching the peak at "Euphoria." As the curve starts back down we go through "Unease" and then "Denial" before going past the baseline into the "Pessimism" part.

Then we pass through "Panic" and then "Capitulation" before hitting the bottom of the cycle. That's called "Despair." From there the curve starts to rise again through "Hope" and then "Relief" before finally getting back to the baseline and "Optimism."

For what it's worth, Liz Ann thinks we have passed through "Capitulation" and have entered "Despair."

I'm hoping those on the sidelines who are sitting on their cash and have no debt will start spending again to help us into "Hope."

The only problem with the stock market is that the rules are ever changing.

 

[lowkee]

Re: Economy - mixed signals

Yep, I agree. Those of us posting on a boat forum are exactly the people Obama is trying to save. Nobody wants to see good boat owners go without

 

[thurps]

Re: Economy - mixed signals

Until reciently I always thought a "bail out" was what you did after forgetting to put the plug in.