lwmuddy
Murrells Inlet, SC
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Joined: 04/07/2002
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I read today that...
I heard yesterday that.......
I think that.........
They said......
He said......
This is like being at a convention of crystal ball manufacturers
and Sooth-Sayer's.
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Dick A
Spokane
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Joined: 12/15/2002
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Well Lorne, ...yes we speculate on what we expect the economy to do in the near term. However, at least our speculation is not increasing the cost of living. 
Now for a little more coal on the fire:
The majority of our government debt is held by foreign interests (How many US Savings Bonds have you purchased recently?  ) as the dollar was considered a save haven investment. If the dollars is rapidly dumped in favor of the Euro we will have another nail in the economic coffin. The dollar is already weak and devalued but at least still holding some value.
The past month we have been traveling across the country from Washington to Michigan. I have noticed thousands and thousands of acres of farmland under water. Some land was planted and then flooded but the majority was not even planted. While this situation saved many thousands of gallons of tractor diesel the end result will be a major economic drain with several vectors.
I have also noticed millions and millions of square feet of vacant commercial and factory buildings. That must indicate a great economic boom huh???? 
Almost all the campgrounds have been near empty with the exception of the holiday weekends. The owners say tourism is down at least 50%. Gee, another great economic boom indicator. I'm quite sure these business owners would say they are feeling a recession.
Most of the towns we travel through are starting to look like dried grapes and I don't mean they are making wine. Rather, the look of prunes comes to mind. 
Oh, there is one growth market I'm sure you can make a buck in - The child texting market is going wild. Perhaps Vodaphone is a good stock to purchase.
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03Ultra
Central Massachusetts
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Joined: 07/20/2004
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One thing I've noticed is that the campgrounds around here have people from within the state staying at them.
Mortgage applications are way down. New housing is way down. Re-hab is starting to pick up a little. New car sales are down and used car sales are up.
2004 Itasca 36M Workhorse
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Liriope
Sun City AZ 85351
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Joined: 05/28/2007
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When Warren Buffet said "he believed we were already in a recession", do you not believe he knew what the current definition of recession was? Of course he did. What he is saying, you can take the current definition of recession and burn it. The collapse of housing and banking plus the cost of $140 oil has cause problem we have never seen before and the old definition of recession mean nothing.
Rest assured, a new definition of recession will soon be defined as a direct result of where we are now. Buffet is smart enough to recognize this and speak accordingly. Continuing to argue over a definition accomplishes nothing. For the record, I agree with him 100%. My agreement means nothing but the fact Buffet said it should scare you because unlike you and me, he has a pretty good record in this department.
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traxtermax
UPSTATE NEW YORK
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Joined: 05/26/2004
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The perfect storm? Several counties have doubled their 2007 fuel budget for 2008 and will run out of money by the end of June or July. Offical recession or not, our economy is in serious trouble and most of us continue to experience a decline in living standard, even though it may be slight.
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Skid Row Joe
On the road in America
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Joined: 04/26/2006
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Liriope wrote:Rest assured, a new definition of recession will soon be defined as a direct result of where we are now. I wonder if the "recession" should also include people that claim they own a dozen or so homes in several states?
Times are indeed very hard out there for some.....
I have a sweet tender nature, however I enjoy sharing my thoughts and opinions.
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Bubby's RV
CA
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Joined: 07/22/2003
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Question:
Who's a more credible source of economic opinion - Warren Buffet or an anonymous RVer?
John, Winnebago Minnie 24V
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Skid Row Joe
On the road in America
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Bubby's RV wrote:Question:
Who's a more credible source of economic opinion - Warren Buffet or an anonymous RVer? Neither - the government is the only credible source.
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jcapps
Not a senior just a
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Joined: 08/18/2004
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Skid Row Joe wrote:Bubby's RV wrote:Question:
Who's a more credible source of economic opinion - Warren Buffet or an anonymous RVer? Neither - the government is the only credible source. I would go with Buffet. Funny though, the guy that idolizes him does not believe him........hmmmmmmmm
I guess he figures Buffet would not recognize a recession because he owns more than one house
"The great challenge of adulthood is holding on to your idealism after you lose your innocence."
– Bruce Springsteen
"This ain't the practice round"
- a friend
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taxgun
SF. Bay Area
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Joined: 06/25/2002
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Jimmy Buffet, now there's someone to listen to.
Parrotheads UNITE !!
Joe
If you can read thank a teacher.
If you can read in English thank a veteran
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