Economy...

[jkonquer]

So i've been a business owner for quite a while now and I can tell you now that businesses (not just mine and almost all small businesses) are at its record low. I keep in track records of sales every month for last decade and i can tell you that we are doing worse than during the start of recession back in 08. I buy most of my inventories in Los Angeles and the all the stores and warehouses are like ghost town. Even the distributors are saying they are at their lowest

Even in realstate market, only the investers are pumping money into the market and flipping the houses. So money isnt really circulating in the market. I see 100 houses for rent in my neighborhood, there were only 20 in 2012. People just dont have the money to rent.

Just my neighborhood alone there has been several break ins in both businesses and houses in last few days. Maybe a clear indication of more to come.

I knew this will eventually happen but not this fast. I believe there are no quick solution to fix this economy. I believe things will get worst pretty fast. Just be ready for it

[EAGLE5]

My experience of the moment is quite the opposite of yours. Housing is going up with new buyers, not speculators. Renters are suffering because the market is tight. My business has never been better. My friends in the HVAC trade are working sixty hour weeks. The economy is great.

My point is that your experience is in your area. I'm guessing that you're inland somewhere, maybe Bakersfield or someplace relatively undesirable. Look out to other areas and you will see business is booming. I don't know what you do for a living, but market outside your area. It could turn things around for you.

Good luck.

[Dimman]

China's shell game of an economy is going to shit, while America's recovers.

Time to start helping China to a hard landing by consciously buying from other countries. As a Canadian, I would prefer keeping to NAFTA goods, but you guys can't go wrong with American Made.

[EAGLE5]

China's economy is not a shell game. I also hold little animosity towards China. They need to grow up as a nation. Then again, so does all of Europe. The mature, thoughtful, mostly-ethical nations of the world can be counted on one hand. My, this topic has already wandered!

[Dimman]

Originally Posted by jsimon7777

China's economy is not a shell game. I also hold little animosity towards China. They need to grow up as a nation. Then again, so does all of Europe. The mature, thoughtful, mostly-ethical nations of the world can be counted on one hand. My, this topic has already wandered!

It absolutely is. A credit driven shell game. Look into their inter bank lending issues, the shadow banking system, and then how the Chinese government is making massive yet ridiculous ultra low interest loans to African and South American countries in an effort to buy work for bankrupt government backed construction firms. Add to the fact that their stimulus package resulted in massively redundant infrastructure projects that have no chance of returning a profit and what do you get?

Pure shell game.

Squeeze them now. Buy American. Or Mexican, Indian, Japanese, German, whatever.

[serialk11r]

China is going to have a giant real estate bubble explosion sometime, the housing prices are just completely crazy.

[jkonquer]

Originally Posted by jsimon7777

My experience of the moment is quite the opposite of yours. Housing is going up with new buyers, not speculators. Renters are suffering because the market is tight. My business has never been better. My friends in the HVAC trade are working sixty hour weeks. The economy is great.

My point is that your experience is in your area. I'm guessing that you're inland somewhere, maybe Bakersfield or someplace relatively undesirable. Look out to other areas and you will see business is booming. I don't know what you do for a living, but market outside your area. It could turn things around for you.

Good luck.

HVAC business is booming due to high demand in housing purchases. however, we are in the same situation as 08. Expact housing bubble crisis repeating. I'm in a market for new house as well and I can't find any houses since they are gone in next day. These investers are out bidding average buyer over $30k of asking price.

Its true that some businesses are booming but only in specialized group.

[Dimman]

Originally Posted by jkonquer

HVAC business is booming due to high demand in housing purchases. however, we are in the same situation as 08. Expact housing bubble crisis repeating. I'm in a market for new house as well and I can't find any houses since they are gone in next day. These investers are out bidding average buyer over $30k of asking price.

Its true that some businesses are booming but only in specialized group.

Chinese overseas buyers trying to hide their money in American real estate prior to their own country's collapse?

[michaelosx]

Originally Posted by jsimon7777

I'm guessing that you're inland somewhere, maybe Bakersfield or someplace relatively undesirable.

I'll try not to be offended by this statement.

[serialk11r]

Originally Posted by Dimman

Chinese overseas buyers trying to hide their money in American real estate prior to their own country's collapse?

These days, they just print money until right before hyperinflation kicks in right?

[EAGLE5]

Well I suppose any economy is a shell game. Let's all return tothe gold standard. then wecan have an awesome series ofbooms and busts.

[Anthony]

Capitalism: it works!


LOL, I crack me up.

[Slash]

The steel working industry in Cleveland is at its highest since the 70s. We just crushed our personal best year here where I work in almost 80 years of business. We're in cold form heading and it's always been a gauge of the local economy. When things go down so do we. And for almost 2 years now we've been back to 60+ hours a week from 32 back in '08. All the foreclosed houses that have been sitting for 4-6 years all have been bought recently around me. I'd say things are looking up.

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[FrX]

Oil and Tech down here in the Gulf are doing quite well at the moment.