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Author Topic: There are signs of the economy coming back strong! Back to Topics
btc1

Champion Author
Lexington

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Message Posted: Apr 26, 2013 10:54:31 AM

What is it doing in your area?

I know some pessimists wil say 2.5 percent is not much, but, WASHINGTON (AP) - U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.

Here in the Lexington area, "Today we're announcing the expansion of a firm that defines excellence: Tiffany & Co., with 75 additional jobs. Last week we cut ribbons to open new facilities for an international law firm, Bingham McCutchen, with 250 jobs; we opened downtown laboratories for Transposagen, 15 new biotech jobs; and Toyota announced the addition of a new production line, 750 new jobs. Also, the start of construction on 21c Museum Hotel, with 150 new jobs, is forthcoming.

Are there signs of business growing or declining in your localities?
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teacher_tim
Champion Author Maryland

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Message Posted: Dec 4, 2013 1:30:39 PM

"Just wait. Washington can fix that."

Reminded me of this scene from The Pacifier:

"Seth Plummer: [Shane kicks in Seth's bedroom door - Seth exits the bathroom] Oh my God! What did you do?

Shane Wolfe: I was trying to protect you!

Seth Plummer: How? By pulling a shock-and-awe on my door?

Shane Wolfe: I can fix that.

Seth Plummer: No you can't! It's broken in half!

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daylily2009
Champion Author Fayetteville

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Message Posted: Dec 4, 2013 1:23:05 PM

As long as coal hating obama!!?? Kentucky or any other state will not reach their potential!!
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Dec 4, 2013 1:18:33 PM

Maybe outside your backdoor....
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streetrider
Champion Author Gary

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Message Posted: Dec 4, 2013 8:23:04 AM

jefskibuff

said
"Schiff says that, despite "phony" signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed's never ending money printing."

His diagnosis in the cause of the cancer is what is off, he is really merilly pointing to the result, the after effects. The cause was put into action long ago.

He is right however to point out that Washington has done nothing to improve the country's lot in the global world we now live in.
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I75at7AM
Champion Author Dayton

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Message Posted: Nov 25, 2013 12:58:25 PM

Not so good news:
Hottest Housing Markets Hit Headwinds
"Some of the nation's hottest housing markets over the past year are cooling off as buyers balk at paying higher prices while faced with rising mortgage rates, according to a Wall Street Journal survey of market conditions."
Pending Sales of Existing Homes Drop for Fifth Month
"There is generally a one- to two-month lag between a signed contract and a completed sale. The drop suggests final sales will remain weak in the coming months."
Drop in pending home sales points to pause - Higher mortgage rates, shutdown limit sales in October, trade group says
"The National Association of Realtors on Monday said its pending home sales index dipped 0.6% in October to 102.1 to mark the fifth straight decline. The index had sunk a revised 4.6% in September."
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jeskibuff
Champion Author Tampa

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Message Posted: Oct 6, 2013 7:52:16 AM

>A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens.

That's according to Peter Schiff
.
.
Schiff says that, despite "phony" signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed's never ending money printing.
.
.
Schiff said. "I don't think Obama is going to finish his second term without the bottom dropping out.
.
.
Schiff points out that the market gains experienced recently, with the Dow first topping 14,000 on its way to setting record highs, are giving investors a false sense of security.

"It's not that the stock market is gaining value... it's that our money is losing value.
.
.
"The Fed knows that the U.S. economy is not recovering," he noted. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."
.
.
In August 2006, when the Dow was hitting new highs nearly every day, Schiff said in an interview: "The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States."

Just over a year later, the meltdown that became the Great Recession began, just as Schiff predicted.

He also predicted the subprime mortgage bubble burst, nearly a year before the real estate market fully crashed.<
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streetrider
Champion Author Gary

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Message Posted: Sep 30, 2013 9:28:47 PM

just wait Washington can fix that.
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MarkJames
Champion Author Albany

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Message Posted: Sep 13, 2013 8:51:27 AM

Locally we have massive numbers of tradesmen and others working in the booming underground economy that have plenty of cash and plenty of cash income, yet poor documented savings and poor documented income.

This is also why many businesses and individuals are doing well despite the high unemployment numbers.

Many don't qualify for traditional mortgages, however many are buying fixer uppers for cash, or buying homes from sellers offering private and creative financing.

Many locals are sitting on tons of cash due to numerous reasons, so when the housing market shows some signs of life, many will invest much of it in real estate.

We've had many of what I call mini bubbles in many local regions that seem to last less than a year or two.

If you're going to flip properties you have build/renovate them and sell them really fast - before the market tanks again.

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MarkJames
Champion Author Albany

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Message Posted: Sep 13, 2013 7:38:44 AM

<<Those with money make more money and those who lost their homes because of the subprime mortgage fiasco, well, they're the big losers, aren't they?? Can't qualify to buy another home, they'll have to rent if they can't stay with friends/relatives...probably a home that someone else lost to foreclosure.>>

Most of my multifamily homes I rent out were tax seizures and many are foreclosures.

Most of my single family homes were tax seizures as well.

When I bought an occupied home at the last tax auction, there were 3 different families living in the home - 2 that lost homes to foreclosure and 1 that lost a mobile home and acreage to tax seizure. The owner of the home had passed away.

When many lose homes to foreclosure or tax seizure, or when they're forced to leave or evicted from apartments they often can't stay with relatives as relatives are renters as well.

Many regions that didn't enforce occupancy codes in the past are now enforcing them, so even many with homes don't have the room for them.
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jeskibuff
Champion Author Tampa

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Message Posted: Sep 12, 2013 9:25:28 PM

teacher_tim said: "Real estate investing is booming here as more people are renting houses and those with the means are buying/fixing up/renting and making serious money. Can't say that it bodes well for the overall economy, though."

Having been out of the state for a year, I just returned to Florida last month and shopped around for a house to rent. One company had a rather large inventory of homes available and while checking out several of them 2 weeks ago, I noticed some similarities about them...if they had carpeting, the carpeting looked like the same grade/color/style...they all were in pretty nice shape with nothing needing attention...then I noticed an 8x11" piece of paper on the front windows of each that said something like "This property has been acquired by...". I asked the agent and she said that an investor group was purchasing foreclosures, rehabbing them and renting them out.

There's one reason for the cash sales...buy low...rent out the properties, then sell them when the market eventually recovers. Those with money make more money and those who lost their homes because of the subprime mortgage fiasco, well, they're the big losers, aren't they?? Can't qualify to buy another home, they'll have to rent if they can't stay with friends/relatives...probably a home that someone else lost to foreclosure.

Although many of the homes I saw were quite nice, I ended up finding a place cheaper and better from a private owner, not from that investor group.
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streetrider
Champion Author Gary

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Message Posted: Sep 12, 2013 5:58:24 PM

corporations are bringing jobs back to the USA as most CEO's will tell you they will observe the laws of the land, Is it still favorable to export jobs?
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airfresh
Champion Author Massachusetts

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Message Posted: Sep 12, 2013 3:38:44 PM

<<<And I'll bet that many of these same types of people would have "qualified" for a mortgage 10 years ago. >>>

And herein lies the root of our stagnant economy. Relaxed mortgage standards contributed mightily to the resulting crash and all the other financial vehicles and institutions that were tied to those mortgages. And why so many are still failing to be able to pay their mortgages.
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MarkJames
Champion Author Albany

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Message Posted: Sep 12, 2013 2:34:50 PM

<<And I'll bet that many of these same types of people would have "qualified" for a mortgage 10 years ago.>>

With less money down, a creative appraisal and fewer construction, code and inspection contingencies.

Many local lenders are fussy, fussy, fussy. Much of the existing construction homes won't meet their approval without numerous expensive improvements.

This is yet another reason so many buy with cash, or can't buy a home.
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NickHammer
Champion Author Maryland

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Message Posted: Sep 12, 2013 2:03:29 PM

>>Unfortunately many people apparently don't qualify for mortgages as the majority of calls and inquiries I receive are about private finance options.<<

And I'll bet that many of these same types of people would have "qualified" for a mortgage 10 years ago.
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MarkJames
Champion Author Albany

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Message Posted: Sep 12, 2013 1:54:11 PM

I've sold my last 4 properties to cash buyers, plus sold all for asking price, or higher and didn't use a real estate broker.

Two were sold before they were finished.

The buyers were 2 investors and 2 young couples with parents footing the bill.

Since demand by cash buyers in the regions where I sold the homes is excellent, I've turned away those that had a sales contingency, or had to apply for a mortgage.

-

--More and more buyers and renters are fleeing the urban areas due to high property taxes, blight, crime, poor school systems etc.

Demand for decent rentals is the best I've ever seen. Tenants want to move in before I've had time to paint, clean, repair and update homes and apartments.

Unfortunately many people apparently don't qualify for mortgages as the majority of calls and inquiries I receive are about private finance options. This is also why rental demand has skyrocketed.



[Edited by: MarkJames at 9/12/2013 1:55:42 PM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 12, 2013 12:37:35 PM

Tim, I have heard several things about the housing market.

New Home Sales Not So August - new homes fill a very different market segment from existing housing stock for sale. New homes are sold almost exclusively to owners who will occupy them.

Cash Purchases and Their Impact on the First-Time Home Buyer - While cash sales tend to point to investor-owned properties,...
"Not every all-cash home sale is made by an investor. Retirees, second-home buyers and many others purchase homes with cash. Perhaps, however, the fear and realities of foreclosure instilled in homeowners and home buyers alike during the housing crisis have steered more experienced home buyers away from the mortgage process."

And then the demographic disaster that is occurring in this nation:

Lack of first-time homebuyers ties up housing - Investors may fill the gaps as young Americans retreat

With many recent college grads and other young Americans struggling to find and hold gainful employment, commonly known as a full-time job in a career field, they are not forming households in the numbers their predecessor generations did. America's lost decade is not buying real estate, because they can't afford to and they don't need it yet.
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teacher_tim
Champion Author Maryland

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Message Posted: Sep 12, 2013 11:50:13 AM

Real estate investing is booming here as more people are renting houses and those with the means are buying/fixing up/renting and making serious money. Can't say that it bodes well for the overall economy, though.
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MarkJames
Champion Author Albany

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Message Posted: Sep 12, 2013 8:36:44 AM

Locally, it was the larger appliance businesses that put the smaller appliance businesses out of businesses - long before Home Depot and Lowes came to various regions.

Most bought their appliances at Sears and several larger independent appliance businesses.

The same applies to other small stores and mom and pops of any kind.

The death of downtowns, growth of shopping malls/shopping plazas, brutal brick and mortar competition and online competition put them out of business long before the Walmart's of the world came to the region.
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MarkJames
Champion Author Albany

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Message Posted: Sep 12, 2013 8:29:24 AM

Speaking of appliances and booming businesses - one of my tenants is a repossession spotter, repossession setup worker, repossession agent and salesman/delivery/setup worker for an owner of buy here pay here car dealerships and rent to own furniture/appliance/electronics businesses. He drives taxi for this owner's brother as well.

He says business is booming as so many people have no savings, low incomes, bad credit, no transportation etc.

Apparently fewer and fewer customers are acquiring ownership of vehicles, appliances, electronics and furniture. They're either turning them in as they can't afford them, or their stuff is being repossessed, then refinanced, re-rented.

Taxi service is booming as well as many don't own vehicles, can't afford vehicles, don't have driver's licenses, their driver's licenses are suspended etc.

They also perform repossession spotting, setup, towing and impound services for others which keeps them very busy.
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airfresh
Champion Author Massachusetts

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Message Posted: Sep 12, 2013 6:17:03 AM

<<<Well actually, no. Let’s analyze the REAL numbers: Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are crummy low-wage part time jobs. That means almost 80% of the jobs created in Obama's America are part-time jobs that won’t pay the bills of an average middle class lifestyle.>>>

And they're still not taking into account those who have given up and left the work force. I believe that is up to around 7 million. Work force participation is at it's lowest in decades.

The word "net" has been consistently left out of most reporting as far as I've seen. And the very few times I've seen "net gains" used it doesn't factor those 7 million lost souls. Probably because it would negate any so called net gains. And they know it. Which is why "net" gains are rarely even mentioned.
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 11, 2013 11:47:15 PM

The retail sector has had hot and cold streaks for the past few years.

Lowe's Knows How Badly You Want That New Washing Machine
Home Depot has a similar story and experience.
The nefarious practices they are employing will rankle some here.
"The North Carolina-based retailer not only welcomed a surge in demand but cashed in on eager buyers by raising prices and doing away with low-margin products—what its executives call “value improvement.” (That’s value for Lowe’s shareholders, not folks renovating their kitchens.)"

I guess they stomped the smaller operators out of business and now they are free to gouge, since they own the market.
Does any of this sound familiar? What large retail giant is often accused of such eliminatory business practices? Hmmmm?
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teacher_tim
Champion Author Maryland

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Message Posted: Aug 8, 2013 12:33:26 PM

"What about jobs? Isn’t that picture getting rosier by the minute?

Well actually, no. Let’s analyze the REAL numbers: Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are crummy low-wage part time jobs. That means almost 80% of the jobs created in Obama's America are part-time jobs that won’t pay the bills of an average middle class lifestyle.

High quality jobs under Obama they are losing out by 10 to 1 versus crummy low-paying jobs. Facts don’t lie: So far this year over 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.

How bad is it? Well here’s a Hall of Fame Triple Play:

The Obama administration just hired a company to promote ObamaCare over the phone to Americans -- guess what? Even those jobs are part-time, with no health insurance!

The head of the IRS just testified in front of Congress that he’d rather keep his own health insurance, rather than switch to ObamaCare. The IRS is in charge of ObamaCare, and even they don’t want any part of it.

And, the second biggest employer in America is now a temp agency!

Good luck looking for a quality job in this Obama economy."Read more: http://www.foxnews.com/opinion/2013/08/05/why-can-kiss-us-economy-goodbye/?intcmp=obnetwork#ixzz2bOcDDUcn
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I75at7AM
Champion Author Dayton

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Message Posted: Aug 8, 2013 12:29:41 PM

In a rare piece of good news in the Midwest, Meijer to hire more than 9,000 in 5 states.
Meijer is a large regional grocer based in Grand Rapids Michigan.

Oh, don't miss the last line:
"The retailer says most of the new positions will be part-time."

Such is life!

[Edited by: I75at7AM at 8/8/2013 12:30:13 PM EST]
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101Speedster
Champion Author Ventura

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Message Posted: Aug 8, 2013 10:47:27 AM

The number of unemployed is up, the number of people without a full time job is up, the number of people receiving food stamps is up . . .
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MarkJames
Champion Author Albany

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Message Posted: Aug 8, 2013 10:40:46 AM

New U.S. jobs mostly low paying, part time

"WASHINGTON — The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.

A disproportionate number of the added jobs were part-time or low-paying — or both.

Part-time work accounted for more than 65% of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half of July's job gain.

So far this year, low-paying industries have provided 61% of the nation's job growth, even though these industries represent just 39% of overall U.S. jobs, according to Labor Department numbers analyzed by Moody's Analytics.

Mid-paying industries have contributed just 22% of this year's job gain.

"The jobs that are being created are not generating much income," Steven Ricchiuto, chief economist at Mizuho Securities USA, wrote in a note to clients.

Analysts say some employers are offering part-time over full-time work to sidestep the new health care law's rule that they provide medical coverage for permanent workers. (The Obama administration has delayed that provision for a year.)

By contrast, most lower-paying jobs — from waiters and hotel maids to store clerks, bartenders and home health care aides — can't be automated or shipped abroad."
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MarkJames
Champion Author Albany

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Message Posted: Aug 8, 2013 9:53:54 AM

Many that get into the trades don't last long as they can't handle the hours, pace, working conditions, road time, out-of-town work etc.

Many have been injured numerous times working in the trades as well.

Many also leave the trades as much work is feast or famine in nature.
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e_jeepin
Champion Author Michigan

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Message Posted: Aug 8, 2013 9:38:09 AM

My sales analytics are troubling -- sales are the same as last year but traffic (page visits) are up 50%.

The pricing is aggressive so thats not the problem. People are shopping but are truly spending less. Every Spring $4+ gasoline kills the remainder of the year.

Now in 2014 we can look forward to $600 month health insurance that the majority of the Middle Class can't afford. They can't afford a new car so where will this money come from?

Obamacare will have a taxing effect on the economy we have not witnessed before -- lookout below, the economy is too weak to absorb this.

[Edited by: e_jeepin at 8/8/2013 9:39:07 AM EST]
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PopcornPirate
Champion Author New Jersey

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Message Posted: Aug 8, 2013 9:30:21 AM

Too many kids are being coerced to go to college than to a trade school. They are told a trade school is beneath them.

Thats why you cant find qualified workers for technical jobs.
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MarkJames
Champion Author Albany

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Message Posted: Aug 8, 2013 9:07:42 AM

Since my last post yet 2 more of our competitors have gone out of business.

When I installed 3 new boilers and 3 new water heaters for one of their customers recently, the homeowner/landlord said all 6 of the local plumbing and heating independents/outfits he used went out of business and 3 others he called were expensive plus incompetent.

He told me one of the guys burned out from performing 24/7/365 emergency service and that he had a hard time finding/keeping workers.
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mudtoe
Champion Author Cincinnati

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Message Posted: Aug 7, 2013 7:21:51 PM

The economy is running on Bernake's printing press. As soon as the printing press stops, so will the economy.


mudtoe
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wbacon
Champion Author Philadelphia

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Message Posted: Aug 7, 2013 6:25:06 PM

Where? what is btc1 smoking?
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Aug 7, 2013 4:20:01 PM

One word answer to that claim btc: Detroit.
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Gidzmo
All-Star Author Los Angeles

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Message Posted: Aug 7, 2013 3:15:21 PM

We did have a better July for termite work than in the last two years. Hopefully the housing market will turn around, IF the feds leave it alone.

Mark James: "We're seeing more and more customers attempting to barter for goods and services as they have limited incomes, savings, credit and/or have assets they can't sell at a fair price. I typically buy many secondhand goods, however many are in short supply due to poor replacement cycles and/or they're selling for too much due to the short supply and growing demand for second hand goods."

Our governor says we have a surplus. But elsewhere, I read about 66 new bills that mandate new taxes or fees. Such doublespeak we get!
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I75at7AM
Champion Author Dayton

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Message Posted: Aug 7, 2013 3:01:49 PM

Honda is investing $215M more in Ohio

"The automaker announced that it will invest about $215 million in its Ohio operations to add new powertrain technologies and a technical training center at its engine plant in Anna while also building a technical training center and a historically focused heritage center in Marysville."

"Last December, Honda reached the 1 million mark in total automobile exports from the U.S. Honda was the first Japanese automaker to export U.S.-built automobiles to overseas markets, the company said. Honda exported more than 90,000 automobiles from North America in 2012. That number will rise to 200,000 annually in coming years."
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I75at7AM
Champion Author Dayton

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Message Posted: Aug 6, 2013 10:35:13 AM

Some good news from the manufacturing sector:

U.S. manufacturing grows at fastest pace in 2 years

US factories rebound with best growth in 2 years

Manufacturers still face the decades-old task of finding qualified people to do the work. On the job training doesn't work out too well when using expensive machinery, making delivery-critical parts, and trying to make a profit.
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MarkJames
Champion Author Albany

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Message Posted: May 28, 2013 11:30:06 AM

We're seeing more and more customers attempting to barter for goods and services as they have limited incomes, savings, credit and/or have assets they can't sell at a fair price.

I typically buy many second hand goods, however many are in short supply due to poor replacement cycles and/or they're selling for too much due to the short supply and growing demand for second hand goods.

Much of the population has a zero, or negative net worth and can't come up with $1,000 to $2,000 in emergency funding.

Many stop paying mortgages, rents, vehicle payments, insurance, gas, electric, water/sewer, cable, broadband, phone, credit card bills etc to free up emergency funding.

Last week one of our subs was on an emergency boiler installation when the customer's SUV was repossessed. Two weeks prior their propane tanks were repossessed and their phone/cable/broadband was shut off for non payment. We've had growing number of propane tank repossessions as well as tenant evictions.

Apparently the rising tide on Wall Street hasn't trickled down to Main Street.
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101Speedster
Champion Author Ventura

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Message Posted: May 28, 2013 10:35:36 AM

More Americans raiding 401(k)s to pay the bills

>>"If they cannot pay their bills while they have a paycheck coming in, how do they think they're going to pay those exact same bills later on in life when they no longer have a paycheck coming in?" said Suze Orman, host of CNBC's "The Suze Orman Show."<<
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kiatoindos
Champion Author Chicago

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Message Posted: May 28, 2013 10:21:15 AM

Good old Obama care putting a lot of small businesses under!
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101Speedster
Champion Author Ventura

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Message Posted: May 28, 2013 10:10:24 AM

When is the Obama economy going to start? Five years later and this is all Bush Jr.'s fault.
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MarkJames
Champion Author Albany

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Message Posted: May 28, 2013 8:04:04 AM

I talked to a landscaper Sunday that recently let 3 of his workers go.

Seems he lost many of his customers and accounts due to brutal competition, plus they have to mow properties fast and cheap to make a profit.

Many that are unemployed, under-employed, unemployable or looking for second or third sources of income started mowing, raking and performing numerous other odd jobs to survive.We run into the same issues on a weekly, sometimes daily basis losing bids to lowballers, many working for cash.The only way for many to get work is to work very cheaply, often cheaper than minimum wage.

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WES03
Champion Author Maryland

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Message Posted: May 27, 2013 8:57:53 PM

It's Bush's fault.
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101Speedster
Champion Author Ventura

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Message Posted: May 27, 2013 7:20:02 PM

Next btc1, (or passer or SemiSteve) will be posting topics about how unfair it is that only the "rich" are benefiting from the stock market and we should be taxing them more.
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MarkJames
Champion Author Albany

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Message Posted: May 24, 2013 8:19:59 AM

"Eventhough, I do not like the loss of jobs, any jobs, it is not bad for a company to run more efficiently is it? Isn't that what you guys were saying about the automakers a few years back?"

I agree. Businesses are in business to make and maximize profit.

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MarkJames
Champion Author Albany

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Message Posted: May 24, 2013 8:15:04 AM

In my travels yesterday I noticed several "now hiring signs", in our highest unemployment and highest poverty rate region of the state.

There are many job openings, however much of the population isn't seriously looking for work, or they're unemployable for numerous reasons.

There are many vacant, abandoned properties, plus foreclosures and tax auction properties in this region as well.
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btc1
Champion Author Lexington

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Joined:Aug 2006
Message Posted: May 24, 2013 8:12:56 AM

Eventhough, I do not like the loss of jobs, any jobs, it is not bad for a company to run more efficiently is it? Isn't that what you guys were saying about the automakers a few years back?
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MarkJames
Champion Author Albany

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Points:39,080
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Message Posted: May 24, 2013 8:07:22 AM

Talked to a competitor and friend this morning that also experiencing the same thing we're experiencing - a growing share of revenue from foodstamps and higher lottery and scratch-off ticket sales.

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MarkJames
Champion Author Albany

Posts:2,298
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Message Posted: May 24, 2013 8:03:06 AM

I'm surprised Frontier is still in business as their phone rates are so high and their DSL service is so slow.

Tech support is pretty poor, slow and incompetent as well.

I guess their local niche is many of the rural regions where they don't have Time Warner internet, digital phone and cable television.

One of their predecessors eliminated many of the union jobs, then outsourced much of the work to non union outfits and/or places with cheaper labor.

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Panama19
Champion Author Louisville

Posts:29,289
Points:2,879,085
Joined:Sep 2005
Message Posted: May 24, 2013 8:00:03 AM


btc, "Yet, a record breaking stock market should be a decent indicator of something going right."

The stock market is being held up by the Fed's creation of dollars out of thin air.

It is a bubble.

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urban_dweller
Champion Author Orlando

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Points:75,390
Joined:May 2006
Message Posted: May 24, 2013 7:52:55 AM

Business Review says Frontier Comm. is moving 27union jobs from New York to Texas.
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MarkJames
Champion Author Albany

Posts:2,298
Points:39,080
Joined:Feb 2008
Message Posted: May 24, 2013 7:40:39 AM

Yesterday another local business - Frontier Communications announced it's eliminating over 2 dozen unionized positions.
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