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Old 07-29-2009, 07:01 PM
 
Location: Charlotte, NC
7,041 posts, read 13,105,221 times
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Report: Economy stabilizing, Charlotte region ‘weak' - CharlotteObserver.com (http://www.charlotteobserver.com/597/story/859758.html - broken link)
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Old 07-29-2009, 09:35 PM
 
Location: Arizona
5 posts, read 8,036 times
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Quote:
Originally Posted by chicagocubs View Post
Report: Economy stabilizing, Charlotte region ‘weak' - CharlotteObserver.com (http://www.charlotteobserver.com/597/story/859758.html - broken link)

It's not stabilizing anywhere. How could it?
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Old 07-30-2009, 04:08 AM
 
7,105 posts, read 9,699,824 times
Reputation: 2564
You know that the writer of this article believes in Santa Claus and takes stats from bums on the street when he writes: ONE realtor in Va. says sales of houses in the $400,000 to mil.3 are "HOT" .
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Old 07-30-2009, 04:42 AM
 
Location: Waxhaw, NC
494 posts, read 1,180,676 times
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I just got back from a couple of days in NYC...wow, things are bad there as well. Walking through SoHo is just sad...so many going out of business sales. Our driver who picked us up has worked in the city for years...his company went from 300 busy drivers down to 150 not busy drivers. He told me that he and his wife are headed South in a year because the taxes are driving all of the businesses away from NYC.
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Old 07-30-2009, 05:59 AM
 
Location: S. Charlotte
1,511 posts, read 2,875,270 times
Reputation: 675
Last month when I was in Chicago there were a lot of stores closing/out of business/or closing earlier than usual (especially the malls). Lots of industries are hurting in Illinois. The housing market stinks (I know THAT first hand).

Pretty much every state is in the same situation, some a bit worse and some a bit better.
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Old 07-30-2009, 06:48 AM
 
Location: Matthews, NC
14,693 posts, read 23,075,368 times
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It seems almost pointless to read reports about the economy anymore. They are either outdated "financial porn" or conflicting. It seems for every story about how bad things are there is another that says the recession is over.
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Old 07-30-2009, 07:06 AM
 
206 posts, read 453,344 times
Reputation: 90
Default Yes

Quote:
Originally Posted by bs13690 View Post
It seems almost pointless to read reports about the economy anymore. They are either outdated "financial porn" or conflicting. It seems for every story about how bad things are there is another that says the recession is over.
I couldn't agree with you more. If we bear in mind that reporting and news is so heavily based on what the media houses think will sell, we may not take the bait so easily.
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Old 07-30-2009, 12:00 PM
 
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,551 posts, read 9,273,395 times
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Last year I drove down Washington Road in Sayreville, NJ...July or August, a few mile stretch. Literally looked like an infestation of "For Sale" signs, far worse than anything I've seen down here. A few per block, some of them actually bunched together one after the other. And that's just one stretch back north, I can only image what was going on in other parts of the state. Then there were the many other businesses gone or in the process of closing up. In many spots it looked worse up there than down here. Take a state like New Jersey where it's hard to breathe due to the cost of living (and with two lousy candidates no promise if it improving in our lifetime), I can understand the mentality of anyone still looking to leave for an area like here.

This region doesn't have it that much differently than most of the country other than it having been a relocation hot spot a couple of years ago. Many other state and city forums have very similar threads in terms of employment and housing markets with people having an equally difficult time dealing with both. People on here are just turning it into "high profile forum fodder" but believe me, it ain't just us suffering through this.
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Old 07-30-2009, 12:49 PM
 
7,105 posts, read 9,699,824 times
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Quote:
Originally Posted by bs13690 View Post
It seems almost pointless to read reports about the economy anymore. They are either outdated "financial porn" or conflicting. It seems for every story about how bad things are there is another that says the recession is over.

It's the way newspapers and mags are sold these days.
Once upon a time "Two Headed Woman found In Amazon"
Today: 1."Recession Over" 2. "Recession NOT over yet"

3. "Is it over?" 4. The best of all from the likes of Forbes or the Gubmint "WTF do we know?"
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Old 07-30-2009, 01:13 PM
 
1,547 posts, read 2,169,751 times
Reputation: 1400
News Flash!
Stock Market surges to all time high sparked by big economic
upswing and all 7 milllion unemployeed have landed big paying jobs
that start work this Monday. The president has fixed our Healthcare system and is
now in the trenches to repair our social security system. All is fixed!
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