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#398159 - 10/25/13 10:11 PM Re: How's the economy in your neck of the woods? [Re: JBG]
jakewash Offline
shareholder in the making

Registered: 12/26/03
Posts: 10399
Loc: Calgary, Alberta
Much like Edmonton, Calgary is booming as always, never really slowed down.
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#398180 - 10/26/13 12:58 PM Re: How's the economy in your neck of the woods? [Re: JBG]
exlabdriver Online   content
connoisseur

Registered: 09/07/11
Posts: 1039
If we think that the economy is poor now, just wait for it.

With the way that virtually all governments (at all levels) have borrowed, excessively printed currency & overspent their way into oblivion, there is no hope of recovery until the crash finally comes & a hard reset occurs.

It's the law of economics...

TAM

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#398187 - 10/26/13 04:25 PM Re: How's the economy in your neck of the woods? [Re: fredk]
chesseroo Offline
connoisseur

Registered: 05/13/02
Posts: 4832
Loc: western canada
Originally Posted By: fredk
Dear PEI;

Take Duffy back please. We'll pay the for his flight home.

Now that's just funny on several levels, 3 by my count
_________________________
"Those who preach the myths of audio are ignorant of truth."

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#398188 - 10/26/13 04:56 PM Re: How's the economy in your neck of the woods? [Re: exlabdriver]
Socketman Offline
connoisseur

Registered: 07/12/09
Posts: 1204
Loc: Whitehorse YT
Originally Posted By: exlabdriver
If we think that the economy is poor now, just wait for it.

With the way that virtually all governments (at all levels) have borrowed, excessively printed currency & overspent their way into oblivion, there is no hope of recovery until the crash finally comes & a hard reset occurs.

It's the law of economics...



TAM



Somehow I don't think your that far off. The worst of the 7 deadly sins (GREED) imho, has destroyed how we live and our economy. The cost of living is keeping kids home. The number of adult children still living at home is crazy ( I moved out at 16) mine are 21 and 19 and 14 and still home. I believe unemployment is way higher than what is reported due to people not being able to get enough work to qualify. I know people that have college educated kids at home and are working at minimum wage jobs or not working. My 19y old is going to alberta in 3 weeks, the economy here is so depressed it's sad.


Sobering Facts : In the USA
3 million parents over 50 still have adult children at home
85% of college grads move back home
14 million adult children live at home.

IN Canada from Statistics Canada website:

In 2011, 42.3% of young adults aged 20 to 29 years lived with their parent(s). This is a significant increase from 30 years ago.


In 2011, 63.3% of young men and 55.2% of young women aged 20 to 24 lived with their parent(s).


In 2011, Ontario had the highest proportion (50.6%) of young adults who lived in their parental home.

Bear in mind this was in 2011 almost 3 yrs ago.


Makes me want to move back home grin
_________________________
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#398190 - 10/26/13 05:59 PM Re: How's the economy in your neck of the woods? [Re: JBG]
brwsaw Offline
connoisseur

Registered: 10/12/12
Posts: 1090
"I believe unemployment is way higher than what is reported due to people not being able to get enough work to qualify"

Also keep in mind they only count those actually looking for work.
I know of lots of people who could but choose not to.
_________________________
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#398193 - 10/26/13 08:35 PM Re: How's the economy in your neck of the woods? [Re: JBG]
exlabdriver Online   content
connoisseur

Registered: 09/07/11
Posts: 1039
One more thing, monstrous Annual Deficits & unimaginable Accumulated Debts are bad enough; however, what also matters big time is the 'Unfunded Liabilities' amounts that are so unfathomable that they cannot even be reliably estimated. I've heard figures about the US that range from $50 Trillion to $150 Trillion - obligations that are promised but with no funding. Canada's are less but certainly not manageable either.

I'm glad that I'm an old phart that doesn't have a lot more time to watch this play out. I hope that I'm gone before it does....

TAM

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#398210 - 10/27/13 01:47 PM Re: How's the economy in your neck of the woods? [Re: JBG]
Socketman Offline
connoisseur

Registered: 07/12/09
Posts: 1204
Loc: Whitehorse YT
I am climbing the old fart ladder right behind ya . Pensions alone not to mention social programs are crippling our paychecks giving guys like me less dispensable income. Don't get me started on those fat ass senators suckin up money and cheating us taxpayers.
_________________________
DOG is GOD spelled backwards.
I blame my terseness on my keyboard. smile

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#398212 - 10/27/13 02:03 PM Re: How's the economy in your neck of the woods? [Re: exlabdriver]
Gary Vose Sr Offline
devotee

Registered: 03/17/12
Posts: 302
Loc: Casa Grande, AZ
Some numbers just came out on the job front here in the U.S.A 120,000 new jobs were created in the last month. That number was disappointing as there had been an expectation of 180,000 new jobs created over that same time frame. Of that 120,000 new jobs, 2/3 of them were either temporary, or part time as well.

In this country (in my option) you don't have to be a seer too see whats coming down the pike if we stay on this unsustainable course of borrowing and spending. I mean a blind person can see what inevitably could happen if America doesn't put the brakes on, and soon.

Because we have the worlds largest economy, and the dollar is used as the worlds currency as to trade, we will take every other country down with us as well. The global economy would almost for certain enter into a depressed state for years to come.

With this administration, and some of the lawmakers in Washington, I holdout very, very little chance of any turn around before this catastrophic event happens.The time frame for this happening (if we stay this course) I would venture a guess and say 2016-2017.

I want too say this is just one man's (mine) option, and by no means am I trying to scare nor persuade anyone into my way of thinking about this matter. This is just a (my) conclusion I have derived at after following this subject matter very closely for a number of years now. I pray I am wrong.
_________________________
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#398218 - 10/27/13 03:30 PM Re: How's the economy in your neck of the woods? [Re: JBG]
exlabdriver Online   content
connoisseur

Registered: 09/07/11
Posts: 1039
Gary, unlike the so-called experts in our governments & mindless media, many of us down in the trenches can see through all of this nonsense just by using common sense alone. One does not have to be an economist/expert to be able to make more reliable predictions than those who eternally wear rose coloured glasses.

For the past 4 years, I just shake my head whenever these people in power come out with their wildly overly optimistic forecasts on what the economy is going to do 6 months down the road. From what I've seen, they have been universally wrong over that period. It would be best if they just shut up IMHO & let it ride where it wants to go...

TAM

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#398221 - 10/27/13 06:45 PM Re: How's the economy in your neck of the woods? [Re: JBG]
Socketman Offline
connoisseur

Registered: 07/12/09
Posts: 1204
Loc: Whitehorse YT
What gary says rings true for me as well. The USA has the added complication of 2 party's in the senate that refuse to agree on anything. Time to eliminate old timers and their backwards thinking and get them out of the senate. Like gary says we all rely on the USA in some way, I hope they get it sorted out.
_________________________
DOG is GOD spelled backwards.
I blame my terseness on my keyboard. smile

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