Bad company or good, are you ready?

There can't be a recession, the administration has declared the economy as growing.

 

Thanks Tip, I always enjoy your postings. How do you keep up with America's news in Canada?

 

He's not posting from Canada. Tip bought himself an old Titan missile silo, hardened against nuclear attack, and refitted it as his command post, where he will survive the coming recession. From there, he can launch his attacks against the evil trucking companies, wherever they may be, and keep himself safe from company goons and others that would seek him out and try stop hm from spreading his message. He calls his home "The Fortress Of Solitude".....

 

If I remember right long term goods (steel) are down by just over 3% and short term goods (food) are down by just over 1.5%
Not that bad!!!

 

Discretionary spending is the first thing to be affected in a recession. Their is marked evidence that this type of spending is on the decline. When you look at the potential for mortgage defaults there is concern on the horizon.

In the middle 70's we entered into a recession as the result of the war spending and the oil embargo. These were triggers, not the reason.

We have increased spending on the war, coupled with the above items. There should be concern for the economy. In the 70's we studied the economy and the triggers.

I put no blame on any party. The economy is affected over long periods.

 

When the economy crashes and everyone is standing in bread lines, I expect to still be hauling flour to make the bread.....

 

I consider 7 Years a long period... Wonder what coincides with that...


That, and it seems that a high amount of these new homes were bought with credit that couldn't be supported by the jobs these people were working, and we're now facing a financial Direct Hit. It may not be tomorrow or next week, but as soon as these banks start swallowing losses in the MAJOR areas, we're gonna be in for a rough ride.

Granted, I live in the world of Tyson, J.B. Hunt, and Wal-Mart, so I will probably be "fairly" unscathed (and I use the term Lightly). dunno about some of the rural areas though.

China is still swallowing steel faster than they can make it. and they're making it for US demand. yet at the same time, they're buying all our steel to ship over there, so....wouldn't a phone call clear everything up? "Hey, you can make your own steel and we'll make ours?"