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The Watercooler
Does anyone else feel the economy won't get better?
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<blockquote data-quote="slsh" data-source="post: 503722" data-attributes="member: 8"><p>I remember very well the oil crisis/recession of 1973 - to hear my father talk, it was the end of the world. Then when the market crashed in 1987... I was living in Hawaii and actually called my father to make sure he wasn't going to be jumping out of any windows, LOL. </p><p></p><p>Yes, I think it's cyclical. Yes, I think it's going to get better. No, I don't think any one person/party/group of parties is going to necessarily speed the process up. I think the powers that be (not any particular party) do have the capacity to make the process go slower, but I also very firmly believe that no matter how badly they try to botch it up, things will recover - eventually.</p><p></p><p>I live in a blue-collar to poverty level village and, no joke, the number of empty houses here is astonishing. My 3-block long street, I can think of at least 8 (out of maybe 40?) that have been foreclosed on in the last 2 years. It is really disheartening to see. I think at least another 8 have been/are up for sale - and we're talking sale signs for 12+ months. </p><p></p><p>I think if you got a bunch of normal (aka people who have to live within their means) people in there to balance various budgets, things would happen a lot faster. Just my blue-collar point of view. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="slsh, post: 503722, member: 8"] I remember very well the oil crisis/recession of 1973 - to hear my father talk, it was the end of the world. Then when the market crashed in 1987... I was living in Hawaii and actually called my father to make sure he wasn't going to be jumping out of any windows, LOL. Yes, I think it's cyclical. Yes, I think it's going to get better. No, I don't think any one person/party/group of parties is going to necessarily speed the process up. I think the powers that be (not any particular party) do have the capacity to make the process go slower, but I also very firmly believe that no matter how badly they try to botch it up, things will recover - eventually. I live in a blue-collar to poverty level village and, no joke, the number of empty houses here is astonishing. My 3-block long street, I can think of at least 8 (out of maybe 40?) that have been foreclosed on in the last 2 years. It is really disheartening to see. I think at least another 8 have been/are up for sale - and we're talking sale signs for 12+ months. I think if you got a bunch of normal (aka people who have to live within their means) people in there to balance various budgets, things would happen a lot faster. Just my blue-collar point of view. :winking: [/QUOTE]
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The Watercooler
Does anyone else feel the economy won't get better?
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