we're in a depression, coasting to full economic stop; here's my anecdotal evidence. | |
Anonymous Coward User ID: 16090331 United States 01/29/2015 12:55 PM Report Abusive Post Report Copyright Violation | We got the mortgage and then 2008 happened and it's been a struggle ever since. |
Anonymous Coward User ID: 67492061 Mexico 01/29/2015 01:05 PM Report Abusive Post Report Copyright Violation | pine it my neegas! I love hearing "man on the street " economic reports. Hows things in midwest? Has the shale collapse started to bite in North Dakota? Think about all the thousands of people Sean Hannity convinced to head to South Dakota- that collapse will be friggin EPIC.... Quoting: Anonymous Coward 65473430 Texas is fucked too !!! |
Anonymous Coward User ID: 64463635 United States 01/29/2015 01:20 PM Report Abusive Post Report Copyright Violation | I grew up in Susanville, ca. I'm also in construction business, General Contractor, I used to build custom houses, not tract houses $400,000-$700'000, I also have not built a house since then, it is all commercial and govt. Work for us now, McDonalds, other restaurants, finishing our first cell - tower eqpt. Building, but no residential this year at all... |
Anonymous Coward User ID: 476132 United States 01/29/2015 01:23 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 64463635 United States 01/29/2015 01:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 55843884 United States 01/29/2015 01:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 55843884 United States 01/29/2015 01:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16806928 United States 01/29/2015 01:44 PM Report Abusive Post Report Copyright Violation | Once a road is at capacity a 5% increase in the number of vehicles will cause traffic flow to decrease by 30%. Ask yourself how that applies to the situation you described OP? Smart people will understand exactly what I'm saying. Sheep will always sheep so I don't worry about them. |
Anonymous Coward User ID: 2417276 United States 01/29/2015 01:45 PM Report Abusive Post Report Copyright Violation | Some of my coworkers have family members in the oil fields and they have either been laid off or had pay cuts. Between dropping oil prices and the unaffordable care act kicking in full steam, 2015 is going to be a hell of a year. |
Anonymous Coward User ID: 55843884 United States 01/29/2015 01:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 56702137 Sweden 01/29/2015 01:59 PM Report Abusive Post Report Copyright Violation | you all fail to see the new inustrial revolution on the horizon tha twill empower everyone and make most corporations obsolete and bankrupt: Quoting: Anonymous Coward 67495718 Computer aided manufacturing, and AI robtic labor soon we'll all be "printing" everything we need.... no or very low barriers to entry... no huge logistics import export costs.. low cost VTOL aircraft <------ GAME CHANGER one problem though, "they" think theres too many of us to manage.... filter your water and food... It's a catch 22. Yes, times will be good in a sense, but then again, when corporations are obsolete, your paycheck is gone. Even if a robot cost 1 buck, that is more than you have if you have nothing. |
Anonymous Coward User ID: 27229787 United States 01/29/2015 02:42 PM Report Abusive Post Report Copyright Violation | Absolutely we're in a depression and the only ones who don't/won't acknowledge it are the brainwashed leftists I'm surrounded with -- a few elitist lawyers I know a whole bunch of schoolteachers... Meanwhile in the real world, my business has nosetailed 70% since the Anointed One assumed Dictatorship and it's the same story with other people in my line of work that I talk to and all of the working-class business I serve I know several businesses where the owner has moved out of his apartment and is living in his store!! But dream on, you lefty morons. Your utopia is here... |
Anonymous Coward User ID: 16090331 United States 01/29/2015 02:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 67499825 United Arab Emirates 01/29/2015 03:14 PM Report Abusive Post Report Copyright Violation | Great post OP! The only thing I disagree with is the major austerity...It'll be far worse than that. All the derivitive slicing & dicing they did with residential mortgages...they also did with commercial mortgages. As far as putting this fire out with another 16 trillion dollar fire hose, we are all out of ammo. This will be a collapse! Suffering, starvation, rioting and death! |
Anonymous Coward User ID: 59786722 United States 01/29/2015 03:22 PM Report Abusive Post Report Copyright Violation | |
Renegade () User ID: 62803200 United States 01/29/2015 03:30 PM Report Abusive Post Report Copyright Violation | I could have written this post! Quoting: Anonymous Coward 65445293 I'm in construction and banks are so tight that now we need performance bonds, payment bonds, builder's risk insurance, $400 for each inspection before a draw, additionally insured liability policies, 10 percent retainage, releases from each sub contractor prior to payment, and probably other things I can't think of right now. There are jobs out there but the profit margin is 8 percent which is 4 percent overhead and 4 percent profit. Doesn't take much to screw up that kind of profit margin. I don't know what 90% of that stuff is. Who is John Galt? |
Patient_Grasshopper User ID: 66159721 United States 01/29/2015 03:52 PM Report Abusive Post Report Copyright Violation | lol at the raciss AC who quotes RUN DMC songs!! Quoting: Anonymous Coward 45202731 but yeah yer preaching to the choir here we know tshtf is coming wee wont be able to glp "affect" it thiz time :racist5: How much time we have? by october 2015, we'll see de facto marshalllaw (inshallah!) and widespread realization that the colkapse is real abd government claims of "recovery" are bullshit... Then WAR!! Civil war, or war with another country/countries? |
Anonymous Coward User ID: 8669541 United States 01/29/2015 04:05 PM Report Abusive Post Report Copyright Violation | Today, thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small business owners plan to raise their employees’ pay than at any time since 2007. But here’s the thing: Those of us here tonight, we need to set our sights higher than just making sure government doesn’t screw things up; that government doesn’t halt the progress we’re making. We need to do more than just do no harm. Tonight, together, let’s do more to restore the link between hard work and growing opportunity for every American. (Applause.) [link to www.whitehouse.gov] |
Anonymous Coward User ID: 8669541 United States 01/29/2015 04:08 PM Report Abusive Post Report Copyright Violation | Today, thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small business owners plan to raise their employees’ pay than at any time since 2007. But here’s the thing: Those of us here tonight, we need to set our sights higher than just making sure government doesn’t screw things up; that government doesn’t halt the progress we’re making. We need to do more than just do no harm. Tonight, together, let’s do more to restore the link between hard work and growing opportunity for every American. (Applause.) Quoting: Anonymous Coward 8669541 [link to www.whitehouse.gov] I was rolling my eyes as I pasted that ^^^ Fuck libs. |
Anonymous Coward User ID: 67502454 United States 01/29/2015 04:42 PM Report Abusive Post Report Copyright Violation | Today, thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small business owners plan to raise their employees’ pay than at any time since 2007. But here’s the thing: Those of us here tonight, we need to set our sights higher than just making sure government doesn’t screw things up; that government doesn’t halt the progress we’re making. We need to do more than just do no harm. Tonight, together, let’s do more to restore the link between hard work and growing opportunity for every American. (Applause.) Quoting: Anonymous Coward 8669541 [link to www.whitehouse.gov] I was rolling my eyes as I pasted that ^^^ Fuck libs. wheres the vomiting smilie?? |
Blessedtobehere User ID: 60081448 United States 01/29/2015 04:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 66608333 United States 01/29/2015 04:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 6716169 United States 01/29/2015 05:06 PM Report Abusive Post Report Copyright Violation | Last month, on the MLK holiday I noticed on my drive in to work that the traffic was incredibly light- at lest 70% less than normal. At first I said to myself, duhhh its a holiday... But here's the thing, the only people that get that holiday are government workers, corporate america has basically given a big EFF YOU to honoring the MLK legacy (rightly so IMO) anyway, heres the realization i came to: Quoting: Anonymous Coward 67027931 Over 70% of he people working are government workers!! I work in construction, and I have for 20 years, the only thing thats been going OK since the 2009 crash has been COMMERCIAL construction and (I got outta residential in 2010) and now I'm seeing the same warning signs in commercial that foreshadowed the residential crash. The banks are tightening up and their sending inspectors out waaaaaay more than they have been, they're really interested in details now that they never cared for before. In fact they are even interviewing TENANTS in buildings we have renovated asking if they have any complaints or issues and they wanted to actually inspect a certain number of occupied apartments! NEVER have the banksters reps done that before as far as I've noticed. I think commercial is about to take dive guys, contractors are getting HUNGRY again (Im a project manager) prices are coming down, materials prices still climbing , lumber is dropping a liiitle but concrete is still very high IMO (110/yd in N.California where I operate) You idiot Obamba/Bush supporters have effectively destroyed this country with your uninformed voting.. America is headed for some serious AUSTERITY and we ain't used to that so keep yer powder dry Gliptards, ____________________________________________________________ Hard times are spreading, just like the flu, watch out HOME BOY dont them get to you Pu puh puh prices go up but your pockets go down when you got short money you stuck on the ground! Buh buh be ready, keep your eyes on top and BE ON POINT FOR DA FUTURE SHOCK (RUN DMC song, cant remember the lrest of the lyrics to their prescient song) it wintertime no one wants to drive in this crap...the economy is rebounding. more money being spent...housing is up...2 more years and thing will be very different |
Anonymous Coward User ID: 16090331 United States 01/29/2015 05:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 67497032 United States 01/29/2015 05:18 PM Report Abusive Post Report Copyright Violation | Keep in mind I am giving of you my personal time to explain this. So please seriously consider my words. You Error several times in your starting post. First, our current pres. was not elected into office. He was put into office by tptb. No ones vote counts for anything but burning up the fuel to go vote. Also pres. dingding...does not set policy...yes, the presidential office does, but not the man in the seat. Our pres...follows orders by the people who groomed him since about birth. The plan is to strip the people of all weapons and financial means. Then destroy you. I am sorry, I did not write the policy...I just understand it. No austerity as you put it. Just outright civil war from the start. Then Nibiru will pass...and that is it...say bye bye...to your ass. Last month, on the MLK holiday I noticed on my drive in to work that the traffic was incredibly light- at lest 70% less than normal. At first I said to myself, duhhh its a holiday... But here's the thing, the only people that get that holiday are government workers, corporate america has basically given a big EFF YOU to honoring the MLK legacy (rightly so IMO) anyway, heres the realization i came to: Quoting: Anonymous Coward 67027931 Over 70% of he people working are government workers!! I work in construction, and I have for 20 years, the only thing thats been going OK since the 2009 crash has been COMMERCIAL construction and (I got outta residential in 2010) and now I'm seeing the same warning signs in commercial that foreshadowed the residential crash. The banks are tightening up and their sending inspectors out waaaaaay more than they have been, they're really interested in details now that they never cared for before. In fact they are even interviewing TENANTS in buildings we have renovated asking if they have any complaints or issues and they wanted to actually inspect a certain number of occupied apartments! NEVER have the banksters reps done that before as far as I've noticed. I think commercial is about to take dive guys, contractors are getting HUNGRY again (Im a project manager) prices are coming down, materials prices still climbing , lumber is dropping a liiitle but concrete is still very high IMO (110/yd in N.California where I operate) You idiot Obamba/Bush supporters have effectively destroyed this country with your uninformed voting.. America is headed for some serious AUSTERITY and we ain't used to that so keep yer powder dry Gliptards, ____________________________________________________________ Hard times are spreading, just like the flu, watch out HOME BOY dont them get to you Pu puh puh prices go up but your pockets go down when you got short money you stuck on the ground! Buh buh be ready, keep your eyes on top and BE ON POINT FOR DA FUTURE SHOCK (RUN DMC song, cant remember the lrest of the lyrics to their prescient song) |
Failure To Communicate User ID: 59299342 United States 01/29/2015 05:19 PM Report Abusive Post Report Copyright Violation | |
CheckM8 User ID: 55995698 United States 01/29/2015 05:21 PM Report Abusive Post Report Copyright Violation | I'm on the other side, demolition. I've managed large and small projects, and in 2008 I started my own business that focused on buying the assets of companies that were closing or moving into new facilities. In that sense, I'm kind of a vulture in that I feast on the carcass of a dead company. Business was great until the 2nd quarter of 2014 and then everything pretty much dried up. To me, this was a signal that things might take a turn for the worse. I thrive in a really bad economy or a booming economy, and from 2008-2013 things were pretty shitty and there was a steady stream of closings (I am pretty focused on power plants and solar). In 2013 alone we purchased 6 30MW coal fired plants and a large solar cell manufacturer. When the economy is teetering, it seems that companies hunker down and do not make any moves because of the uncertainty. Now, I'm starting to see more companies moving towards throwing in the towel (good for me), and with the Chinese economy tanking, I don't think we'll go more than 4-6 months before we start to free fall. Also, look at the metal markets, scrap steel on the west coast is down almost $150/GT in the past year and there's no bottom in sight from what I've been hearing from friends with yards in the Bay area. Copper is down almost a $1/lb, and the same is true with Nickel, Lead, and most other metals. "He who knows most, knows best how little he knows." Thomas Jefferson "My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind." Albert Einstein |
Failure To Communicate User ID: 59299342 United States 01/29/2015 05:29 PM Report Abusive Post Report Copyright Violation | I guess it depends on which part of the country you live in... I am in a burb of ATL and I am amazed how busy restaurants and businesses are here. Here is an example: yesterday my mother and I went to Olive Garden for soup at 1:30 pm and waited for a table. We left at 3pm and the restaurant was still almost full of people. I realize most people live on credit however at some point that runs out... Quoting: Blessedtobehere Credit is easy again. People are maxing out those credit cards. It is like 2008 never happened. It is scary easy to get credit. The banks must have been told something in the past year or so by tptb. Bankers trying to put a band-aid on the recovery that never happened. Last Edited by WurstCaseScenario on 01/29/2015 05:31 PM |
Anonymous Coward User ID: 64957503 United States 01/29/2015 05:36 PM Report Abusive Post Report Copyright Violation | Asheville, NC. Tourist with money gives many here a false sense everything is great, specially our large libtard population. But we seem to need many more food pantrys and soup kitchens for a large and quickly growing population of desperate people. |
Anonymous Coward User ID: 16090331 United States 01/29/2015 05:41 PM Report Abusive Post Report Copyright Violation | I guess it depends on which part of the country you live in... I am in a burb of ATL and I am amazed how busy restaurants and businesses are here. Here is an example: yesterday my mother and I went to Olive Garden for soup at 1:30 pm and waited for a table. We left at 3pm and the restaurant was still almost full of people. I realize most people live on credit however at some point that runs out... Quoting: Blessedtobehere Credit is easy again. People are maxing out those credit cards. It is like 2008 never happened. It is scary easy to get credit. The banks must have been told something in the past year or so by tptb. Everyone I know with a college or graduate degree has a beast of a student loan and their parents have parent plus loans too. They work to pay off the loans, to pay their rent and a little for entertainment. The salaries are nothing like they were years ago and everyone stays in for lunch, arrives early and leaves late cause they need that job. If you are in your job for a while you've seen people fired and watched your salary go down instead of getting a raise. And, at your annual review you're told how great you are and how lucky you are to have kept your job. No one has gotten raises. Even the parents are freaking out. They have parent plus loans for their kids education. Some even borrowed to send them to special high schools, and they've been hit with the Alternative minimum tax, something they never ever anticipated. So anything they saved for retirement is being used to pay off loans. This generation saved for education but not weddings. They figured their kids would be so well e;educated that they'd have great jobs and could manage to pay for their own weddings. That didn't happen. The only people doing really well work for the government and for government contractors. The government workers have been given raise upon raise upon raise and oodles of benefits. It's no wonder that DC is now where all the wealth is congregated. So the government workers must be the ones getting credit because no one else can get it. People are having lots of trouble qualifying for mortgages and credit cards. You are fortunate if you have qualified for one credit card. |