Is The Economic Fallout Affecting You?

Howz it going for everyone? 80% or something of the economists are saying that we are out of the recession. However, they also said that it could take 4-5 years to recover from the effects of the recession.

It is crazy how many people are still out of work compared to a year ago. It is staggering the amount of resumes that almost ANY job posting will generate. IMO, I do think we will see companies start to hire again soon.

The housing market is still really scary too and I wonder how long it will take for the home values to return to normal.

:popcorn:

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Originally Posted by accadacca

It is crazy how many people are still out of work compared to a year ago.

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I read an interesting article about this today: http://articles.moneycentral.msn.com...disappear.aspx

Companies are doing very well when they don't have to pay surplus employees' salaries and benefits...hence the reason why so many companies are reporting profits and the DJIA breaking 10,000 yesterday. Hopefully the profit margins will continue to increase leading to hiring of more employees, leading to a decrease in unemployment, and the cycle starts anew.

Everything is still very positive on this end. The recession actually worked in my favor...it brought the real estate market in Moab down to reasonable levels just at the time when I got hired back to work down here.

Yeah, I bought my house just over a year ago and I got a good deal at the time. BUT NOW they have dropped much lower. :nono:

I also read the other day that all the employees that are still working are having to pick up the slack for everyone that got laid off. I can see that. Thanks for the link, I'll have a look.

:popcorn:

From US News: "It could be 10 to 20 years before housing values have regained the peaks of 2006"

Quote:

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Originally Posted by Iceaxe

From US News: "It could be 10 to 20 years before housing values have regained the peaks of 2006"

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I am just looking for the peak of 2008. :haha:

Houses were never worth what they were selling for in the first place. Just my 2 cents.

This might just be an indicator: http://www.bogley.com/forum/viewtopic.php?t=18997

http://farm3.static.flickr.com/2602/...18bda8b94d.jpg