It's OFFICIAL: We are in a Recession..

[Asylum]

:notrust:

http://news.yahoo.com/s/nm/20080408/bs_nm/usa_economy_greenspan_dc

Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under.

 

[sugarandspice]

Whoa!!!! We need to hear from Birch before we run with this one.

 

[Guest2]

Volker for President,,,,,oooops

Greenspan's comments, made on CNBC yesterday, were interesting.
If his hands would stop shaking so much, maybe I could believe he
has a good finger on the pulse of the economy. Then again, Uncle
Ben's hands could begin to shake anytime now. (LoL)

 

[Asylum]

We've been talking about being headed for a recession since 09-10-2007 over on another message board.

Funny think is that is is a cycling mb and not a financial board...

 

[James48843]

Market comes out of the gate like a bull-

S&P now up .92%.

Back up we go.

 

[Asylum]

Market comes out of the gate like a bull-

S&P now up .92%.

Back up we go.

i just dont know... i 'feel' the economy when i get gas and grocries.. and it isnt good. The cost of fuel needs to come down.. as soon as possible.

 

[Hallatauer]

i just dont know... i 'feel' the economy when i get gas and grocries.. and it isnt good. The cost of fuel needs to come down.. as soon as possible.

Then you need to raise interest rates to strengthen the dollar... Can't have your cake and eat it too. :blink:

 

[Asylum]

Then you need to raise interest rates to strengthen the dollar... Can't have your cake and eat it too. :blink:

I am totally for that... hell credit cards should have the avg US citizen used to paying 28% interest anyway.

 

[Birchtree]

No recession as of yet and it's very doubtful if we will have an official one. The Euro zone banks will start buying up dollars real soon - intervention has occurred previously. But right now the low value of the dollar is fine with me - I own a lot of S&P type stocks that are benefiting from the enhanced competition internationally.

 

[budnipper1]

http://www.forbes.com/markets/2008/...flation-markets-econ-cx_ss_0416markets18.html
View attachment 3736

 

[James48843]

America did NOT spend their "Bushbucks" on stuff.

They paid off debt, or spent it on gasoline.

Bad news for the future:
http://news.yahoo.com/s/ap/20080530/ap_on_bi_ge/spending_the_rebates

 

[Rod]

America did NOT spend their "Bushbucks" on stuff.

They paid off debt, or spent it on gasoline.

Bad news for the future:
http://news.yahoo.com/s/ap/20080530/ap_on_bi_ge/spending_the_rebates

I put up an 80 foot basket-weave fence in my back yard... and think I did a pretty dern good job for a first-timer! (I had to fire my contractor because he just flat out was doing a crappy job!) If you want something done right, you have to do it yourself!

So, Lowe's got my "Bushbucks" and then some.

 

[Fivetears]

I gave my Daughter a $400 graduation gift, and bankrolled the rest. You would not believe the number of "delta foxes" that put giant rubber raft sub stereo systems in there piles of rice rockets here in the West Side of San Antonio. :laugh:

 

[Birchtree]

I can relate. I saw a machine that a young lady drove from San Antonio to Orlando that was going to be shipped to Hawaii as her next duty station. It was mighty nice - put the Buzz's Acura to shame.

 

[Buster]

Carpet Mills in Dalton GA..got my Bushbucks

 

[Birchtree]

I'm having R-19 retrofit in my attic tomorrow which will bring me up to R-38 or so where I already have existing R-19 values. I'm also putting six inches of blown in placed over my garage - $875 for the works. I will get an $0.11 rebate per square foot back from my local utility. That helps. I'm trying to be a more responaible energy user. Next will come aluminum clad Marvin wood windows. I'm already getting prepped to build an urban garden out back to grow vegetables.

 

[luv2read]

Carpet Mills in Dalton GA..got my Bushbucks

How did that turn out anyway?

 

[Buster]

How did that turn out anyway?

Very Happy with the outcome..thanks for asking.."I love the smell of new carpet in the morning"

 

[Asylum]

I'm having R-19 retrofit in my attic tomorrow which will bring me up to R-38 or so where I already have existing R-19 values. I'm also putting six inches of blown in placed over my garage - $875 for the works. I will get an $0.11 rebate per square foot back from my local utility. That helps. I'm trying to be a more responaible energy user. Next will come aluminum clad Marvin wood windows. I'm already getting prepped to build an urban garden out back to grow vegetables.

just an fyi... replacing windows usually has a looooooooooooong payback energywise.

 

[Silverbird]

just an fyi... replacing windows usually has a looooooooooooong payback energywise.

If you want to keep air in, there is some (ok, not good looking) "plastic wrap" you can put on the windows in rooms you are not using or windows you keep covered anyway. Not pretty, but a lot less expensive than buying new windows.

Now if your house is like mine with old fashioned, painted, double hung windows (otherwise known as sometimes have to bang on the frame with a padded mallet to open them), or you have other reasons besides just energy efficiency to buy new windows, may as well buy energy efficient.