Saturday, May 30, 2009

It Isn't Over Yet

The economic downturn is showing signs of slowing down and possibly even turning back around. The stock market is much higher than its March low, housing seems to be picking up and jobless claims are slowing down.

I don't buy it.

You know how hurricanes have the "eye of the storm", well, we are in the "eye of the recession". I suspect that it will get much worse before it really gets better.

What do you think?


  1. Anyone who say's that it's getting better, "I wont buy it"...Least not yet, especially here in California. I'm sure you heard the latest on Arnold, closing all kinds of parks, laying off state employees, teachers, trade schools closing etc etc...
    I think they try to give us hope when there is no hope yet...

  2. At least they state isn't laying off here. There's just a hiring freeze and salary freeze.

  3. I think it's possible we could see a situation like we had back in the early 80's, basically two back to back recessions....but over all I believe we are in the eye right now, and hopefully by the end of the year we will start to see good signs of real improvement, and then see another temporary set back for a little bit and then the real recovery comes. Just a guess.

    In my own area, things are slowly turning around, houses are starting to move again.

    I think the days of some over abundance with 2 drugstores on every corner are gone and in some ways, that might not be such a bad thing.
    Some of this is a major reorganization, (the bubble had to burst sometime) and is forcing us to look at other ways to do the same thing we always have and possibly scale back on some things we really can live without, afterall.

    I'll be grateful for the day we are not so oil dependent and start utilizing other sources of energy.

  4. I heard a few months ago that the stock market is the first indicator of coming out of a recession, then the housing market and the last was unemployment. So, were now just getting the first sign with the stock market. It will take awhile for the other two.

  5. I agree with everything you say Ann but I think it will take more than 6-7 months for this to really be over. I don't think we're going to be out of this before the end of 2010.

    New Mexico is very dependent on its oil and gas revenues, that's why we were hit so hard. But like you I want to see us off oil and gas and on solar. We have plenty of space and plenty of sunshine here. I'd like to see Richardson start taking more advantage of our renewable natural resources.

  6. I still think this is a false rally beans. There's more coming.

  7. Yes Geo, I realize my wording was a bit confusing(sorry) but I absolutely agree, the real recovery will be more like you say -the end of 2010.

    I was just reading our local newspaper, and instead of our area spending $30 mil(part of the stim package on a water ferry to Canada-
    I'd like to see that money go towards the production of wind power and other alternatives. Our neighbors to the east in PA are already moving on it- and I hope that the movement starts happening here as well.
    I do see ads on the tv for people contact a congressman in one part of OH, to promote this.
    I'm sure it won't hurt if I contact mine and ask why we can't follow suit- and forget the stupid water taxi to Canada!lol!

  8. You live in Ohio?

    That explains it. Sorry but I'm biased against Ohio. Ohio and Oklahoma. I it the O's...?

  9. Geo, the only reason I moved back here a couple of years ago, was like most people, Family-lol! Now we are so ready to leave again....but waiting for my husband to finally retire!

  10. What they are doing with the stimulus money.

    Come to NM Ann! I love it here.


Miri 1994-2009

Miri 1994-2009
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