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Question: Are we in a Recession? :: Total Votes:66
Poll choices Votes Statistics
Yes 38  [57.58%]
No 21  [31.82%]
maybe 4  [6.06%]
i don't know 3  [4.55%]
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Topic: Are we in a Recession?, Your opinion, please?< Next Oldest | Next Newest >
 Post Number: 61
hymiebravo Search for posts by this member.

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PostIcon Posted on: Oct. 31 2007,2:31 pm  Skip to the next post in this topic. Ignore posts   QUOTE


(Common Citizen @ Oct. 31 2007,1:52 pm)
QUOTE

(hymiebravo @ Oct. 31 2007,12:18 pm)
QUOTE
Yes the markets. You mean like the oiL markets, commodities markets, utility monopolies those sorts of things.

People HAVE to buy that stuff. One way or the other. Wether their pay check stays the same or not. You have to have food an electricity.

gong

You do not have to buy oil or utitlities....that is a personal choice.  Convenient, yes.  Necessary, no. The small amish community south of Gordonsville is proof of that.

Your pretty fast and loose with that " GONG " there CC...

Paticularly for somebody whos grasping at tiny microscopic shards from tiny microscopic straws.

Yea I'll bet Cheney, Bush, Condee and Exon all lie awake at night worrying about the sudden conversion of the entire US to the " Amish " life style.

QUOTE

Correct me if I'm wrong


I have a better idea...
Why don't you come back when you have it right. lol
Oh wait we'd never see you again.

 :D
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 Post Number: 62
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PostIcon Posted on: Oct. 31 2007,2:31 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

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The tax cut should have been a payroll tax cut putting the money in the hands of the consumers..
 As CC says "GONG!"  When the tax cuts were made, new witholding tables went out.  Employers started immediately witholding LESS tax money from the paychecks of workers.

Workers had IMMEDIATE access to THEIR money.  They didn't have to wait for a refund from the gummint.

In any case, the tax cut WORKED--as they ALWAYS have.


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PostIcon Posted on: Oct. 31 2007,8:01 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I know its a hit to the pocket book and it also requires some technical know how, but there are now affordable solar and wind power system that can provide enough electricity for the average household to go "off-grid".  Something I hope to do very soon.  Both at home and the shop.  Utilities are my two largest expenses at both locations.  I would so love to tell Alliant Energy to  go to hell with their unfair pricing structure for commercial utilities.  But that a discussion for another day.  As far as the recession goes. I have seen a slow down in discretionary spending, but not so much more than normal for this time of year just maybe a week or two earlier than normal.  I might be a little bit more tuned in on that because what I sell nobody "HAS" to have its all fun stuff.

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PostIcon Posted on: Oct. 31 2007,11:06 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(hymiebravo @ Oct. 31 2007,2:31 pm)
QUOTE

(Common Citizen @ Oct. 31 2007,1:52 pm)
QUOTE

(hymiebravo @ Oct. 31 2007,12:18 pm)
QUOTE
Yes the markets. You mean like the oiL markets, commodities markets, utility monopolies those sorts of things.

People HAVE to buy that stuff. One way or the other. Wether their pay check stays the same or not. You have to have food an electricity.

gong

You do not have to buy oil or utitlities....that is a personal choice.  Convenient, yes.  Necessary, no. The small amish community south of Gordonsville is proof of that.

Your pretty fast and loose with that " GONG " there CC...

Paticularly for somebody whos grasping at tiny microscopic shards from tiny microscopic straws.

Yea I'll bet Cheney, Bush, Condee and Exon all lie awake at night worrying about the sudden conversion of the entire US to the " Amish " life style.

QUOTE

Correct me if I'm wrong


I have a better idea...
Why don't you come back when you have it right. lol
Oh wait we'd never see you again.

 :D

Hey don't take it personal.  I wasn't attcking you personally. :;): ...nothing in my statement was false.  Practical?  Now that's a different subject.
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 Post Number: 65
Expatriate Search for posts by this member.

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PostIcon Posted on: Nov. 02 2007,9:39 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

QUOTE
[quote=Common Citizen,Oct. 31 2007,1:57 pm]                                  
Correct me if I'm wrong...but wasn't every tax bracket lowered?

If you look at the Tax cut this way the difference  between  2002  and 2006 a wage earner making $50,000 is about $16. a week in Tax savings, or roughly $ 800. a year.
Can we attribute our property tax increases to Washington? Look at the National debt increase over the Bush years, this is just like credit card debt for our Nation, it'll have to be repaid with interest, our individual share of this debt along with increases in state and local tax, fees and levies show the fuzzy math involved in this deception....


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 Post Number: 66
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PostIcon Posted on: Nov. 02 2007,10:14 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Expatriate--I agree on overspending.  Nobody seems able to control Congressional spending.  Until we get a line item veto, and a prohibition on attaching "pork" bills to popular bills, we're sunk.

On the income side, did revenues NOT go UP when taxes were cut--just like they do EVERY time taxes are cut?

Did all workers--not just the "rich"--get more money to spend?

Did this consumer spending not pull us out of the recession, and spark the markets to all-time highs?

If the Donks and the media keep talking up a recession--they just might create one. :p


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 Post Number: 67
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PostIcon Posted on: Nov. 08 2007,9:18 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

QUOTE

IWG Responds to Unprecedented Shift in US/Canadian Dollar Exchange Rate
BURNABY, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - International Water-Guard Industries Inc. (TSX VENTURE:IWG) has adjusted its pricing and business policies in response to the unprecedented shift in exchange rates between the US and Canadian dollar, announced David Fox, president and chief executive officer.

With the Canadian dollar at an all time high, IWG has raised its US prices by 7%, while working with non-US customers to transition sales to local currency such as the Euro, Fox explained.

"The Canadian dollar has appreciated more than 20% against the US dollar over the last year," he pointed out. "As a Canadian aerospace company doing business in US dollars, we must compensate for this devaluation of company revenue, and ensure that IWG's robust growth in terms of shipments and financial performance continues."

http://www.marketwire.com/mw/release.do?id=790571


Who would have thought a weak dollar could cause something like this?


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 Post Number: 68
grassman Search for posts by this member.

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PostIcon Posted on: Nov. 08 2007,9:25 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Wolfie @ Oct. 31 2007,8:01 pm)
QUOTE
I know its a hit to the pocket book and it also requires some technical know how, but there are now affordable solar and wind power system that can provide enough electricity for the average household to go "off-grid".  Something I hope to do very soon.  Both at home and the shop.  Utilities are my two largest expenses at both locations.  I would so love to tell Alliant Energy to  go to hell with their unfair pricing structure for commercial utilities.  But that a discussion for another day.  As far as the recession goes. I have seen a slow down in discretionary spending, but not so much more than normal for this time of year just maybe a week or two earlier than normal.  I might be a little bit more tuned in on that because what I sell nobody "HAS" to have its all fun stuff.

PM me and I can fix you up! :thumbsup:


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git er done!
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 Post Number: 69
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PostIcon Posted on: Nov. 08 2007,9:40 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Oh yeah, Weyerhauser is closing their plant up here along with another in Canada, no recession? ???

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 Post Number: 70
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PostIcon Posted on: Nov. 09 2007,8:11 am Skip to the previous post in this topic.  Ignore posts   QUOTE

^^ :deadhorse:


(jimhanson @ Oct. 24 2007,5:40 pm)
QUOTE
From Dictionary.com
QUOTE
Wallstreet Words - Cite This Source - Share This
recession


An extended decline in general business activity. The National Bureau of Economic Research formally defines a recession as three consecutive quarters of falling real gross domestic product. A recession affects different securities in different ways. For example, holders of high-quality bonds stand to benefit because inflation and interest rates may decline. Conversely, stockholders of manufacturing firms will probably see company profits and dividends drop.


There is the benchmark.  Either we are or aren't.  I haven't seen 3 consecutive quarters--and even that is somewhat subjective.  For example, if GDP rose FAST, and then leveled off to NORMAL from that rate, it might be seen "declining".  Cause to worry?  Probably not.

The stock market is high--buoyed in part from overseas investment.  Unemployment nationwide is about as low as possible--nearly everyone that wants a job has one.  Moving into foreign currencies?  Speculators do that all the time--look at George Soros.  The weak dollar bodes well for other countries to buy OUR products.
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