FRIHOST FORUMS SEARCH FAQ TOS BLOGS COMPETITIONS
You are invited to Log in or Register a free Frihost Account!


When do you think this world economy will be better???





jonasbrolover
Man this sucks, my sales dropped like 90%
I use to make a living online now I have to find a real job in a time when there are no jobs and many people are losing their jobs.

But how long do you think we have to stick this out before it gets better??
Triple_7
I don't see things turning around for probably a couple of years at least. There is no sign it is getting better...only worse. And to top it off fuel prices are on the rise again which is partly to blame for the situation now.

Have fun finding another job. I've been looking around everywhere including other states. Out of some 2000+ ads and 200+ calls I've made over the last couple weeks...I have 2 "We appreciate your interest and will call you back when we make a decision" and a ton of NO's Confused

Work has slowed down for me to the point where I can't cover the bills anymore, I have to find another job and quick...but I can't find one anywhere in this country that I'm qualified for...and for being 21 I have a large variety in my background of qualifications in several fields. Yet there is no one that wants to hire me...usually due to ONE little thing in their long list of requirements that I can't meet without having someone train me. Mad
jonasbrolover
Dude that sucks man, I hope you find one.

I may move to another province and get set up with my friends.... or start selling drugs hahaha
Chinmoy
not a couple of years maybe but it is going to stay for the next one and a half. That is for sure. For teh rest, we can keep our fingers crossed and hope for the best...
Afaceinthematrix
It will start getting better when people stop whining and just go out and spend their money.
Triple_7
Quote:
It will start getting better when people stop whining and just go out and spend their money.


Hard for people to spend money they don't have Rolling Eyes Unemployment here is at 13% and climbing by the day. Even if you do have a job many of us are finding hours getting cut since things are slowing down. Every dime most people here make goes to a roof over their head, food on the table, and some kind of transportation to and from work. Usually doesn't leave much...if any...for spending on perks. Embarassed
Afaceinthematrix
^^Yes, but even with unemployment at 13%, 87% are still employed. It is up to those 87% to try and spend when they can. And in the U.S., people just love complaining when they really have no right to. I hear people complaining all of the time even when they have a good situation. No joke, I've heard people complain because last year they pulled in 85 grand and this year they're only going to pull in 80. Yes five grand is a lot of money (almost 10 percent), but 80 grand is also a lot of money to have.

My point is simple: many people are over-exaggerating the problem when their situation isn't too bad. I wish those people would just shut up! Many people do have legitimit struggles (good luck finding a job; I wish the best for you!), but I'm getting sick and tired of hearing every single day crap like, "This economy is so bad (as they're joy riding in their brand new Ford F250 that gets 10 MPG)!"
deanhills
Afaceinthematrix wrote:
^^Yes, but even with unemployment at 13%, 87% are still employed. It is up to those 87% to try and spend when they can. And in the U.S., people just love complaining when they really have no right to. I hear people complaining all of the time even when they have a good situation. No joke, I've heard people complain because last year they pulled in 85 grand and this year they're only going to pull in 80. Yes five grand is a lot of money (almost 10 percent), but 80 grand is also a lot of money to have.

My point is simple: many people are over-exaggerating the problem when their situation isn't too bad. I wish those people would just shut up! Many people do have legitimit struggles (good luck finding a job; I wish the best for you!), but I'm getting sick and tired of hearing every single day crap like, "This economy is so bad (as they're joy riding in their brand new Ford F250 that gets 10 MPG)!"

I wonder about this popular notion about people spending more, how that will make a difference to the economy? I thought the problem was with the BIG conglomerates, the Banks, the Auto Companies, not your little man in the street. I doubt that it was the credit card spending or real estate bubble that was responsible for the BIG BANK crisis. The loans were much bigger ones on a much larger scale, much larger than the little man in the street could even contemplate. And now they are supposed to go and spend to help the BIG crisis. In essence there is a double whammy here. The big bail-out packages that are being funded by citizens, and then putting the whole burden on them to get the economy going, along really dishonest ways in my opinion. Real responsibillity is not being owned up. Those CEOs of the failed banks are still in their jobs and still fudging their statements. I would imagine in the very least citizens of the country should insist in a tribunal to investigate exactly what the bad loans were, as surely someone should be made responsible for them, instead of shifting them to the people in the street?
Afaceinthematrix
^^That may be the source of a slow economy but the best way to turn the economy around is to have people spend money. Everything is really based off people buying. The media is scaring people right now which makes them save the money that they have when they should be spending it. That is felt all over the place right now. Let's analyze some of the many possibilities that come from people doing that...


People quit going out and buying new cars:

- The people that work at dealerships get laid off
- The people who work in the factories that make the cars get laid off
- People who work in factories making the parts (in raw materials like metal) that get sent to the other factories get laid off
- People who work in shops who customize cars get laid off (because less people will tend to get their old cars that they're driving around customized)
- etc.

Basically, not buying cars leads to millions of people losing their jobs.

Now let's look at what happens when people stop buying new houses or stop renovating their current houses...

- Thousands of construction workers lose their jobs
- Producers of raw building materials lose their job
- People don't need to buy as many tools which means that I, and my coworkers, lose our jobs and and then have to figure out how to pay for college tuition...


Every time you buy something you're keeping at least one person, if not THOUSANDS or MILLIONS, of people at work. I've been known as a cheap skate, I hardly ever buy anything, and I'm against materialism, but from my understanding of economics, our entire economy really does depend on the things I'm against... It's quite sad...
Triple_7
People spending money will do absolutly nothing unless its spent on the right things. (This is the US side anyways) So many things you buy are made in China, Mexico, etc. Even a lot of vehicle parts are being made all over the world. The only thermostat I could find for my truck was made in Egypt Shocked Buying imported products really does not help much with our own economy. But buying American Made is getting harder to do. Things you wouldn't even think of being imported are showing up with made in China stickers. American products are more expensive...but generally better quality in most aspects, the labor involved in the production actually makes more then a couple bucks a day and is willing to put out quality instead of mass production crap that's going to fall apart in a year. And this is not meant to offend anyone from another country, there are many products that I use on a daily basis that are high quality and come from all over the world. Its mostly targeted at the cheap stuff you get at a Walmart that is 90% imported and falls apart in no time.

In the county paper this week a boot/cobbler, western clothing shop owner in my town made the front page, he has owned and ran the store since 1980...though the article is to long to type out the whole thing he made a lot of good points.

Quote:
"China made 8 billion pairs of shoes last year. That's a pair of shoes for everybody in the world; but how many people in the world never bought shoes?"
"We buy two, three, four pairs of shoes per year because they fall apart on us" About a year ago, China closed 11,000 shoes factories. That's part of our economy right now, people aren't buying like they used to."
The dilemma lies not only in the fact that people aren't buying as they previously had, but also in that they're sending their money out of the country rather then buying American-made products.
"American's don't care, and that's our downfall." "If we keep buying American it keeps Americans in jobs.
"This country takes care of the rest of the world-we give money or we give food, we give whatever is needed. If we don't have the jobs here we can't help anybody."
He Reiterated the importance of common sense when describing how Americans can make a change. He said if we keep giving our business to foreign companies based on the idea that we're getting some kind of deal, when in reality we're paying for the cheaper labor and reduced quality, we will continue to watch the decline of our own economy.
"You might buy those products to save some money, but now who needs to hire your son?" "Who needs to hire my grandson? Nobody buys American anymore because they say they can't afford it, but most people don't understand what it costs to be in business anymore."


I go into his store once in awhile, we end up talking more then doing business. But he makes a good point that people don't seem to care that they have to buy shoes several times a year because they fall apart. The shoes you buy for $20 are not going to hold up...someone working on an assembly line making $5 a day made them and were in a huge hurry to keep up with the mass production...of course they are not going to hold up.

I learned this a few years ago. Tight on cash and needed a new pair of boots for work. Bought a pair for $30. Uncomfortable as hell and they lasted a week before a heal came off and the cheap leather started coming apart at the seams. That's when I first met him and he talked me into a good pair of steel toe cowboy boots that were American made, $220. (Double H brand) I've had them for about 3 years now and though they look pretty sad, they don't leak, and they are the most comfortable things I've ever owned. Only thing I've had to to was get the heals replaced every few months at his store since they wear down..costs a whole $14. I plan to get another pair when I get the money and retire these to the truly dirty jobs. The 2 pairs were pretty similar in style for the $190 price difference...but say I kept buy the cheap $30 ones...in my line of work probably need a new pair say...every 2 months because they fell apart....over 3 years...that's $540 and I would still need a new pair. The one pair of good quality American made boots I bought 3 years ago for $220...plus 4 heal replacements bring the total to $276 are the real bargain...and they are still perfectly comfortable and wearable.

So basically just because something has a cheap price tag doesn't mean its actually the better buy. If you have to replace it every couple months as opposed to every few years the difference starts to reveal itself. Wink

But not to many people can afford even cheap stuff right now. Its a necessity only economy for most. I don't shed a tear when I here about someone having to take a pay cut from $200,000 a year to $150,000 a year while they own a huge house and buy a new luxury car every year. Most people around here are lucky if they even make $25,000 a year...by the time taxes come out of that leaves about $19,000 to actually live on with the tax rate of last year. That leaves roughly $1575 a month bring home pay. A lot of families are down to only one parent that still has a job to go too.

$1575 Monthly bring home pay.
-$500 average rent/home loan payment in this area.
--$50 Water bill if living in a town and normal usage.
--$75 electric bill
-$100 gas bill...during the summer...winter we hit $250 easy.
--$60 phone bill...everyone tends to have one be it a cell or a home phone.
--$50 Misc expense...toilet paper, laundry/bath/kitchen soaps, etc.
-$300 Food on the table for 2 adults maybe a child...and that's not much at current prices.
-------------------------------------
$440 Left for anything else.

Now take that $440, subtract your auto insurance, loan payment too if you still have one, also the fuel it takes you to get to and from work for a whole month plus a 100 miles of misc travel to stores, etc. Subtract any other misc monthly bills...such as medical, kids school necessities, etc. What do you come up with then? Confused That would put me in the hole by a couple hundred dollars every month.

But I'm not married and bring in a bit more then some with only myself to support. I don't have many luxuries, cheap internet and $10 a month for basic cable since an antenna wont pull in anything where I'm at...with an auto loan I currently hold...I break even about every month...and I have an old truck...not some new fancy deal...have maybe $25-$30 extra once in awhile. Then there is always the unexpected. Truck needs a part, sometimes its a cheap $15 deal...other times it could run $300. Plus the basic upkeep on it.

So why would I go out and spend right now on junk I don't need when every penny counts. If I have an extra $30 then I have an extra $30...I put it back till I can afford something I really need...like a new pair of boots...or its there in case of an emergency I have something to back it.

You will find a good majority is in the same situation right now. Single, married, have kids, it all adds up quick. Someone in a bigger city might make $50,000 a year, but the general cost of living in those areas is much higher, and they too tend to break even.

That...is what I mean when people can't spend the money they don't have. Confused As for the stock market...let it crash...they're selling make believe...and we don't buy that here. Rolling Eyes The way some of us feel...if you were dumb enough to put your life savings in there knowing stuff like this is always possible...then that's your problem...not ours. Why everything revolves around a market where essentially its air that's being traded/sold is beyond belief. Bail out the banks with our tax dollars...screw that...they got into this mess...they can get themselves out of it. And lets not forget about all those price gouging oil companies that played a big roll in this little game too...they are just as guilty as the next banker. This recession was brought on by the rich idiots and big corporations who threw money away on lavish, luxury filled lives for their top executives, then things changed and when people started buying less they suddenly couldn't support that lavish lifestyle anymore and expect us to bail them out...so screw Wall Street, big banks, and any other rich company that thinks they did no wrong...they live off the backs of the hard working citizens...and now we are ready to fight back. Mad
Afaceinthematrix
^^While I agree that it's a better stimulus for the U.S. economy if people buy stuff made in the U.S., but the U.S. economy is still helped out by people buying anything. The majority of Craftsman tools are not made in the U.S., but if people stopped buying them I'd lose my job. Then I wouldn't have money to spend and that would hurt other people in turn.

My point remains the same, while the economy is definitely slow, many people are making it out worse than it really is. People complain when they really shouldn't be complaining, and that doesn't help anyone. I was NOT kidding when I told you that I've heard people complain about only taking in 80k this year when last year they pulled in 85k. I've also heard people complaining about how bad the economy is when they're driving around in their brand new Ford F250 that gets 10 MPG.

I especially get annoyed when people in America complain about the unemployment rate when Liberia has an 85% unemployment rate... So basically our unemployment rate equals their employment rate! But people in the United States love to complain... especially when it's so pumped up in the media... It seems to be fashionable to just sit around whining and bitching all day about the economy because I can't seem to go even one day without at least one person bringing it up... Whining and bitching just hurts the problem...
deanhills
Afaceinthematrix wrote:
many people are making it out worse than it really is.
I agree totally with this. And then have to ask: why are they are complaining, who started the rumour? Was it not the Government of US and Media, as well as Governments in UK and Europe who called the crisis? There was even a G-20 Summit in England about it last week. As far as I have learned from Frihost posters over the last few months, this problem is a US BIG BANK BAD LOANS problem and to let people think fearful, and recession is a very good way to get bail-out packages approved.

I don't think the pidly few dollars on a pair of shoes or a few new cars are really going to help the billions upon billions that have been squandered and permanently lost through the BIG BANK BAD LOANS crisis. Like a drop in the ocean. I believe citizens of the United States have every right to ask for full disclosure of the Banking Crisis and an investigation into who have been responsible for the crisis, and exactly what the bail-out packages are doing RIGHT IN THIS MOMENT. There has to be a report-back Committee which is completely open and transparent and that citizens can access through a central Website. Evil or Very Mad
chiragpatnaik
Triple_7 wrote:
I don't see things turning around for probably a couple of years at least. There is no sign it is getting better...only worse. And to top it off fuel prices are on the rise again which is partly to blame for the situation now.

Have fun finding another job. I've been looking around everywhere including other states. Out of some 2000+ ads and 200+ calls I've made over the last couple weeks...I have 2 "We appreciate your interest and will call you back when we make a decision" and a ton of NO's Confused

Work has slowed down for me to the point where I can't cover the bills anymore, I have to find another job and quick...but I can't find one anywhere in this country that I'm qualified for...and for being 21 I have a large variety in my background of qualifications in several fields. Yet there is no one that wants to hire me...usually due to ONE little thing in their long list of requirements that I can't meet without having someone train me. Mad


Not a couple of years. End of the year max, we should be out of it. I feel happy days should be back by middle of next year.

The worst is over... or so it seems {fingers crossed}
Alton_gary
jonasbrolover wrote:
Man this sucks, my sales dropped like 90%
I use to make a living online now I have to find a real job in a time when there are no jobs and many people are losing their jobs.

But how long do you think we have to stick this out before it gets better??
The real economy may never recover. There are a lot of things governments and companies can do to improve efficiency and to provide an appearance of economic recovery but that will result in tyranny and socialism.
Some hysterical people are ready to trade their rights and freedoms in right now for the promise of "security".



---------------------------
Ultimate Credit Repair tips
deanhills
Alton_gary wrote:
jonasbrolover wrote:
Man this sucks, my sales dropped like 90%
I use to make a living online now I have to find a real job in a time when there are no jobs and many people are losing their jobs.

But how long do you think we have to stick this out before it gets better??
The real economy may never recover. There are a lot of things governments and companies can do to improve efficiency and to provide an appearance of economic recovery but that will result in tyranny and socialism.
Some hysterical people are ready to trade their rights and freedoms in right now for the promise of "security".
Agreed. All the Government had to do is to say "Depression of the thirties" and people gave 1.2-trillion US dollars for a bail-out package. That is hysterical in the extreme ... agreed. Sad
standready
jonasbrolover wrote:
Man this sucks, my sales dropped like 90%
I use to make a living online now I have to find a real job in a time when there are no jobs and many people are losing their jobs.

But how long do you think we have to stick this out before it gets better??


Soon, I hope. My business is down as well.

Afaceinthematrix wrote:
It will start getting better when people stop whining and just go out and spend their money.


I see the economy as a double edged sword. As a business owner, I like your thinking. Myself and my employees would appreciate more business. Other edge of the sword, my employees get paid no matter what. So often I don't get paid. That means I have to cut my personal spending or go into debt.
Related topics
News:US has time to adapt to China-Dallas Fed
A soldier's rant
Misunderrepresented again, Dubya and the US economy
china russia brazil or india ?
"Stop Sending Aid to Africa!" says Kenyan economic
Does being pro-war contrast w/ religion (e.g. Christianity)?
A racist in everyone
Should marijuana be legal?
What is Philosophy to you?
The world in a hundred years
Is China a threat to the world economy?
World leaders at economic summit vow to cooperate
World Economy Status - Why is it so bad?
Would the world be better or worse without religion?
Reply to topic    Frihost Forum Index -> Lifestyle and News -> Economics and Marketing

FRIHOST HOME | FAQ | TOS | ABOUT US | CONTACT US | SITE MAP
© 2005-2011 Frihost, forums powered by phpBB.