Comments on: Prison Skew Job Report…huh? http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/ Brian Baldowski Wed, 08 Feb 2012 02:02:55 +0000 http://wordpress.org/?v=2.3.1 By: Brian Baldowski http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-53 Brian Baldowski Wed, 11 Jun 2008 12:16:15 +0000 http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-53 I forgot to mention the recession. The reports about economic growth shows we, as a nation, are still growing at just over 1%. It is still an increase. A recession is two or three consecutive quarters of negative growth, in otherwords, the shrinking of the economy. That is not happening yet. We may slip into one but, if you look historically, every ten years or so the economy does a downturn and makes corrections. I really beleive this is just one of those times of correction. In about a year the economy will start to hum again. Another myth, the economic policies of the presidents don't effect the economy immediately. Their policies usually take five-ten years to surge through the system. Even then, unless the president made major changes in the system, the economy is only slightly affected by the changes. The economy is huge, like a dragon, a pin prick isn't going to immediately cause the beast to react. It takes a sword thrust, like 9/11 or price caps, to really make a direct effect on the economy. I forgot to mention the recession. The reports about economic growth shows we, as a nation, are still growing at just over 1%. It is still an increase. A recession is two or three consecutive quarters of negative growth, in otherwords, the shrinking of the economy. That is not happening yet. We may slip into one but, if you look historically, every ten years or so the economy does a downturn and makes corrections. I really beleive this is just one of those times of correction. In about a year the economy will start to hum again.
Another myth, the economic policies of the presidents don’t effect the economy immediately. Their policies usually take five-ten years to surge through the system. Even then, unless the president made major changes in the system, the economy is only slightly affected by the changes. The economy is huge, like a dragon, a pin prick isn’t going to immediately cause the beast to react. It takes a sword thrust, like 9/11 or price caps, to really make a direct effect on the economy.

]]> By: Brian Baldowski http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-51 Brian Baldowski Wed, 11 Jun 2008 12:05:04 +0000 http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-51 I have no arguement about the rebates. We used our rebates to pay bills, something the governement didn't want us to do with it. If the pass another one, like Obama has talked about, we will use that to pay bills and try to get ourselves out of debt. We, luckily, make enough money to pay the expenses we have monthly, except one bill. That we use any extra money we get to pay down. It is what it is though. As far as the oil market, yes China and India are growing and asking for more oil. The problem with the market though is not shortage. It is over speculation by people wishing to make a buck. I don't begrudge them their desire to make money. It is the capitalist way. Eventually though the artificial prices will burst, like the technology market in the late 90's. The market can not sustain the drive up in prices forever. When the market bursts a lot of people will lose money. The home market is in a similiar situation. Prices have been driven up by speculation. It will eventually burst also. As far as the low-interest loans that have been discussed in the media, the buyers should have realized their monthly rates would increase, because it was part of the contracts. It is their lack of foresite that caused the mortage crisis. The lenders were doing nothing wrong. If their is any fault on their part it is maybe giving loans to people who, have shown in the past, are credit risks. I don't begrudge the companies their effort to make money. Again, it is the capitalist way, and I am all for that. I have no arguement about the rebates. We used our rebates to pay bills, something the governement didn’t want us to do with it. If the pass another one, like Obama has talked about, we will use that to pay bills and try to get ourselves out of debt. We, luckily, make enough money to pay the expenses we have monthly, except one bill. That we use any extra money we get to pay down. It is what it is though.
As far as the oil market, yes China and India are growing and asking for more oil. The problem with the market though is not shortage. It is over speculation by people wishing to make a buck. I don’t begrudge them their desire to make money. It is the capitalist way. Eventually though the artificial prices will burst, like the technology market in the late 90’s. The market can not sustain the drive up in prices forever. When the market bursts a lot of people will lose money.
The home market is in a similiar situation. Prices have been driven up by speculation. It will eventually burst also. As far as the low-interest loans that have been discussed in the media, the buyers should have realized their monthly rates would increase, because it was part of the contracts. It is their lack of foresite that caused the mortage crisis. The lenders were doing nothing wrong. If their is any fault on their part it is maybe giving loans to people who, have shown in the past, are credit risks. I don’t begrudge the companies their effort to make money. Again, it is the capitalist way, and I am all for that.

]]> By: jeolande http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-50 jeolande Wed, 11 Jun 2008 05:26:08 +0000 http://www.baldowski.org/2008/06/09/prison-skew-job-reporthuh/#comment-50 A comment about your claim that we're not in a recession: I read this week's Newsweek cover story and remarked on a couple of things. 1. The housing market is in a bad state. Case in point: we sold off my dad's house last fall. Buyers came to the table with cash, it wasn't on the market for more than two weeks. New owners fix it up to resell and finished in February. Yes the value went up, but it's still 'For Sale' in June. 2. The rebate bill passed earlier this year will lose almost half of its return on higher costs of daily living like food. In other words, of a roughly $120 billion dollar return (total) making to the pockets of tax payers about $48 billion of that will be flushed away on staple products. The rest will be saved or spent later, it says. So don't look for pressure relief there. 3. The monstrous oil issue. You mention when the oil bubble bursts, but this article questions the extent to which American habit changes will alter prices. Now we have two incipient economic powers in the form of India and China. And the truth is, they are "decoupling" from us. So unlike in the past when the price of oil fell as American use dropped back, now we put on the brakes but the momentum of the global consumer train keeps it movin' forward. Anyway, just some food for thought. Would like to know your reaction. Article is here for your enjoyment: http://www.newsweek.com/id/140553/page/1 A comment about your claim that we’re not in a recession: I read this week’s Newsweek cover story and remarked on a couple of things.

1. The housing market is in a bad state. Case in point: we sold off my dad’s house last fall. Buyers came to the table with cash, it wasn’t on the market for more than two weeks. New owners fix it up to resell and finished in February. Yes the value went up, but it’s still ‘For Sale’ in June.

2. The rebate bill passed earlier this year will lose almost half of its return on higher costs of daily living like food. In other words, of a roughly $120 billion dollar return (total) making to the pockets of tax payers about $48 billion of that will be flushed away on staple products. The rest will be saved or spent later, it says. So don’t look for pressure relief there.

3. The monstrous oil issue. You mention when the oil bubble bursts, but this article questions the extent to which American habit changes will alter prices. Now we have two incipient economic powers in the form of India and China. And the truth is, they are “decoupling” from us. So unlike in the past when the price of oil fell as American use dropped back, now we put on the brakes but the momentum of the global consumer train keeps it movin’ forward.

Anyway, just some food for thought. Would like to know your reaction. Article is here for your enjoyment: http://www.newsweek.com/id/140553/page/1

]]>