The stock exchange, housing, jobs all have started to turn around for America. Australia has had 5 interest rises in 6 months to keep our growing economy cool.
England and Greece are not posing as big a worry as previously thought and China will soon be bringing the Yuen closer to parity to ensure their markets.
I know it is still a nightmare for many of you, but there is hope at least in the current figures.
The market in Australia may have more confidence in the world recovery than some, but we are all in this boat together.
Personally I am pleased to see this upturn and believe the recovery is started.
I agree and thanks, it's nice to hear. there are so many naysayers here! things are looking up and will continue to improve with time. jobs are next. we need the job market to open.
and it will.
Isn't this thread like the one where they're praising Obama as an Easter miracle-worker?
Hey, earnest, I'm not in that universal boat of his. But if you are, please please purty please row over here to America and TAKE Obama & his furniture (Cabinet) back with you??!!
Just be careful you don't get mistaken for a pirate.....Obama has pirates shot ya know....not other terrorists, just pirates!
Brenda, I am not talking about Obama, I am relaying the latest financial news.
Earnest, EVERY thread is about Obama, in Brenda's little world.
There is nothing that he and his so-called "minions" are responsible for. Apparently.
Sorry your nice thread got trolled.
I really hope this is the beginning of a turn around, but I won't believe it until America has two consecutive quarters of economic growth.
well that is good news actually. i am looking at property (land) right now because prices are so low. it is a buyer's market. i want to obtain property before the economy recovers and prices go back up again.
That sounds like a good idea, just be careful because the economy could start going down again.
It seems that the market is bottomed out and rising. Depending on where you buy, you may need to act soon. My daughter just bought a suburban house in Melbourne Australia for a little over 1 million dollars, so no cheap housing here!
here's an interesting read. of course, some will always focus on pessimism because that's their choice, polls change from day to day, but there are legitimate reasons to be optimistic.
http://www.nytimes.com/2010/04/06/opini … ef=general
and we know Brooks is conservative.
I hope your right. If the U.S. can pull through the emerging commercial real estate bubble being popped.
Still a nightmare - yes.
The nightmare is on-going.
It's good to see happy take on things though.
I get so wrapped up in things, it's hard to see the big picture.
While the news is good, I'm not breathing a sigh of relief. Those of us who got hit the worst will not recover along with the economy. The jobs aren't coming back, and I don't assume my salary will ever get "un-cut". Although I have heard of some larger companies in my area who are restoring cut wages.
Personally, I gave up hope a few months ago. I'm trying to find something new.
I am hoping the states will be re-training as we are doing here. Un-employment is currently 5.3% and falling.
What kind of jobs are being created? I'm curious
In my little corner of the world, the manufacturing jobs (auto - I'm in Detroit) have evaporated. The only fix for many folks has bee to move away. My apartment building has been averaging about half occupancy for the last 18 months or so, and there are empty houses every where you look.
Whatever we do to move forward here will have to be something completely new.
I heard that Detroit was going to start destroying empty parts of the city and replacing them with farms. So I'm guessing that some farming jobs are going to be created.
It's good to see them finally doing something with the property, and it has added some jobs.
The number of abandoned and condemned properties here is heartbreaking. This was a problem even before everything came crashing down...
It was becoming a serious problem in Detroit when I was there the first time in 1977. The large manufacturers were putting workers off and only employing them sporadically in line with market expectations. They introduced "Just in time" methods of manufacturing but still continued to lose market because the product was not right for the market, and Japan was starting to make serious inroads because of their marketing oversight.
Oh yeah, back in 1977, I remember that...
just kidding. I was only 5.
So, you've been where I live. The world really IS small, isn't it.
I've been thinking the last few weeks, that this city went through the stages of grief, kinda. Denial, rage, shock, guilt & what-not. I've felt every bit of that in the last year.
I just sold more furniture today to cover some bills. Sure, I accept that. But I'm still pretty damn pissed off about the whole thing.
So you could say I'm on to acceptance. But I do like the rage quality, I'm keeping some of that
Yep, I would honour the rage! I met some truly wonderful people in Detroit, was able to lend someone a hand while I was there and left your city feeling real good. You may have to look at doing the old crab walk, and step into something related. I am about to publish a book on cars, or at least on buying them. I could write a hundred books on cars.
ebook, or book book?
Printing is my thing!
I've already done the crab walk in a sense, when I switched from being a film stripper to a digital pre-press tech. It wasn't too difficult for me, the switch happened when I was fresh out of school.
I have a "last one standing" thing going on. My department used to employ 8 people, and now it is down to two. Me on the day shift, and my buddy works the night shift.
Typesetters & keyliners, camera operator, and strippers... all gone.
Now it's just me and my Mac.
Well, me and four Macs.
So, yes! Publish! Print! Get some ink on that paper!
I was thinking of publishing in PDF to Amazon, but sniffing markets, as I want 49.95 usd for it I may have to do the whole adwords thing complete with squeeze page and lots of dripping info on them first!.
I was going to provide a guarantee of savings made or 100% money back, and really deliver what I know. It may take me a while, because I want to include live screen shots of the buying process, as well as the how-to.
I have bits of the book all over the place like a dogs dinner at the moment, and am still looking for files on my old laptop when I can get it to boot!
Well as I have said in my hub, the motor industry deserves to go under, and a lot of it will continue to fold. I love Detroit and am sad that they let the market slip away through the stupidity of the larger manufacturers based there.
The new jobs will be in sustainable fuel, energy conservation, fuel conversion, plastic alternatives, development of new alloys, polymers, adhesive materials and all the R&D that will go in to it. There will be hundreds of new occupations in the future and as always America will be at the forefront.
Well, we've got the ideas, and we sure as hell have the workforce. Union and non-union, this area has the hardest working and highest skilled people I've ever seen. It is a lot of the reason I haven't fled, myself. (yet)
We just need a place to do our thing
So, let's get this ball rolling
I knew some very talented people in Detroit who could turn their minds or hands to many things. There is no doubt in my mind that with some positive intent America will be going greater than ever within 2 years!
Most times when the world has copped a big financial bash it has taken at least 10 years to recover.
The big difference this time around is that there are a lot more people to share the load because it is a world market imperative.
Once upon a time PRC China would just tell us to go to hell when we asked them to reduce the crazy price of the Yuen, but now they need a bigger stimulus package than any of us do, they will have to play ball or go without supply of Australian iron ore for example. They only have 5 suppliers.
The global market has created new leverage for Australia, America, Brazil, Argentina, Germany and others who supply China with raw materials for it's own rescue package.
They were the biggest seller in the market and the market stopped. China has got a lot of bridges to build and a lot of employment to create just to avoid bloodshed in their own country. I reckon it's looking better for America.
Jobs are lagging, but improving. wages come next if historical trends remain true.
Things are looking up, although it will take more time for sure.
I don't wish to put a damper on such a positive hub but we still have 5 million homes going down the pipeline in the U.S. right now and there is one more wave in the next couple of years the recover will be slow but I hope that we will eventually get there.
I know it will remain tough for many, and some will not recover, but as soon as the financial institutions got government support here we with the low interest rates and guarantees, the whole thing turned up very quickly, something we cannot achieve without faith in your stock market. The market has recovered quickly and looks strong. Let's hope for the best. With a little softer approach to free health and assistance for the poor, your people will recover jobs soon as we have and be able to pay their bills.
Earnest, I honestly believe you and have faith it will eventually turnaround if Australia can do it, the United States can do it too. But I only believe because they are your words and you have never steered me into another direction.
The 8 billion a month or whatever it is that goes in to Iraq will stop soon. Your beautiful young men and women will be back home.
I know they will struggle as all returned soldiers do, but most will contribute to a new zest if the government treats them with the respect they deserve, and I believe this admin will do that.
I may be wrong about how long it will take, I hope not.
The thing I believe in is the American people. A feisty lot, but a truly wonderful and strong people!
You think we are feisty? LOLOLO I think we will recover to America is a proud Country and somehow we always manage to pick ourselves up and carry-on.
Yes at least many that I know are. The thing that is striking about America is the way it has seen social support as personal tax and not for what it is, the fibre that keeps the poor from going under and therefore a measure of real moral fibre. America has been dragged screaming into a fairer more compassionate world where human dignity is the real measure of a strong democracy.
The rest of the democracies have had free health for 30 years and more.
"With a little softer approach to free health"
There is no such thing.
"assistance for the poor"
We already spend quite a lot on this. Didn't you know?
" your people will recover jobs soon as we have and be able to pay their bills."
Ah yes, raising taxes and keeping unemployment high is great for enabling people to pay their bills...
Yeah, I personally don't like when someone tries to assume they know everything about the way things are in a foreign country. I mean, you assume we're not compassionate or something when other democracies are usually smaller,meaning they can give hand-outs to everyone a heck of a lot more quickly and efficiently, when handouts in a large state tend to "get lost in the mail" so to speak. It's also a lot more feasible to try and provide things like health care and unemployment /job security and everything to all citizens in a country with more people in a smaller area, and Europe and Australia have different cultures and histories from us, so why do we have to do things the way they want?
Really, if you compare us to other countries with high amounts of habitable land and high populations, like China and India, instead of to "democracies" which, it's easier to be democratic in a smaller country, we're actually doing okay. In order for a central government to control a large, diverse country, there has to unfortunately be more federal social control and there can't be as much government assistance given to each individual as doing so would bankrupt the state and destroy the economy. The reason we are bankrupt, and have such a poor economy, is actually because of our relative compassion and concern for human welfare in this country, whereas we're getting crushed by a society that really lacks it, which is China.
Oh, and the world is so freaking compassionate now, huh? Yeah. Israel. Iran. Afghanistan. China. North Korea. Pakistan. It's one big fucking compassion parade, all right... what a Euro-centric perspective.
Um, India is a democracy, we are not bankrupt, our economy is the largest in the world, and China is most certainly not 'crushing' us.
What a narrow minded view! Euro-centric indeed! As it happens many Australians know your political system quite well and follow it daily. Many of us have travelled to and or worked/lived in other countries including America, our economists have been called the worlds best by your economists and many have a decent education about the rest of the world.
Hello Earnest…a truly inspiring thread…thanks…America needed something nice said about it and you hit the nail on the head. pylos.
@ Sab Oh Does the European Union's economy get a vote in the size competition?
Hey earnest! Comment allez vous? See what happens when you try to be nice to people?
I don't always acknowledge the sock puppets of the sock puppets.
Aw always, I'm in awe of your wisdom and patience.
If the conspiracy loons and the religious fanatics continue to out themselves as they have lately America could really take off.
I would assume that the huge number of troops going in to Afghanistan will be better directed towards protecting and building local infrastructure quickly and getting out quickly under this admin.
The next job will be the middle east, and this admin may yet get a peaceful outcome there. Another first.
Any person who would see the plain truth without political bias will know that this is a compassionate, worldly and intelligent president who has done more towards world peace than any admin I can think of.
"I would assume that the huge number of troops going in to Afghanistan will be better directed towards protecting and building local infrastructure quickly and getting out quickly under this admin."
US forces have been involved in building and protecting infrastructure in Afghanistan for years now. Nothing new there. 'Getting out' quickly isn't going to happen no matter who is president.
"The next job will be the middle east, and this admin may yet get a peaceful outcome there. another first"
Yeah, by insulting and offending our allies and showing weakness before our enemies. That'll work...
"Any person who would see the plain truth without political bias will know that this is a compassionate, worldly and intelligent president who has done more towards world peace than any admin I can think of"
You get an 'A' for irony!
The participants in NAFTA and ASEAN have not organized into an economic union. They're trading partners.
Is the EU one nation or a group of nations? Don't feel bad, Germany is still pretty high on the list anyway.
I see no reason at all for me to feel bad. You made the statement that the United States has the biggest economy in the world. You statement is uncorrect; the biggest economy in the world is the one formed by the EU.
You shouldn't feel bad, that's why I told you not to. My statement was not incorrect as I was referring to individual nations, not trading blocks or international organizations. Now, when and if all 27 member countries decide to give up their individual sovereignty and officially become one nation (which, luckily for you, is unlikely) I'll be only too glad to recognize whatever facts hold at that time. It's not complicated.
Sab Oh Said: Um, India is a democracy, we are not bankrupt, our economy is the largest in the world, and China is most certainly not 'crushing' us.
Niteriter says: Your comment did not say, "Our country has the largest economy in the world." It said, "...our economy is the largest in the world." Sorry Sab Oh, the largest economy in the world is that of the EU.
Is the EU one nation or a group of nations? Come on, you really don't need to be so insecure about this. You're doing just fine over there.
I do think you could be handling the Turkey accession negotiations better though.
Do your really think I'm doing just fine in the EU? I thank you for that. I'm also flattered that you think I am capable of influencing the affairs of Turkey.
"Do your really think I'm doing just fine in the EU?"
Well, I hope so
@ earnest. I generally think kindly toward the United States. I was very hopeful for a turnaround under President Obama but he seems to be getting mired in the political process lately. I still have hope that his vision will win in the end.
well - like the sun trying to get through the clouds here today - I hope that there is light at the end of this dark economic tunnel
I have been selling real estate in the US for 20+ years and from where I am I can see the bottom is behind us. With the real estate market getting back to normal, the stock market back to normal and unemployment not spiralling out of control there are definitely better times ahead.
It is going there, thanks for this post earnest! We need to be patient with it!
I refuse to acknowledge that the worst is over until my Adsense revenue for the year tops the $10 mark
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