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Old 10-01-2012, 02:30 PM
 
8,317 posts, read 25,111,186 times
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Quote:
Originally Posted by :)> View Post
This is starting to get a little one sided. I just want to post again to let the OP that it's not all doom and gloom. I'm not sure exactly where the other folks are talking about but Denver and north, in the "I25 corridor," there are new business opening and new house construction is resuming all around us. Banks are being more careful with their screening but they are loaning and interest rates are at historic lows. Used home sales, even in the 1/2 million dollar range (a notoriously slow range) are solidly up. Car sales of new and used cars (and prices too) are very high.

It is not all doom and gloom. There are solid signs of recovery. Yes, many wish things would get better faster but they are getting better.
The area north of Denver in the I-25 corridor is the chief beneficiary of the oil drilling boom and associated business activity now ongoing in the Wattenberg Field. That has a lot to do with why that area is outpacing the remainder of the state. That should not be extrapolated to indicate that the rest of the state is in good shape economically. It is not.

And, like all natural resource booms, they are usually transitory.
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Old 10-01-2012, 03:04 PM
 
Location: Wherabouts Unknown!
7,756 posts, read 16,459,702 times
Reputation: 9292
wanneroo wrote: Job security has always been a myth, it's just that when the economy is good and growing, it's far easier to get a new job or switch to another. Or likely a company will have a better chance of staying in business and hence keeping people employed.

Amen to that!



wanneroo wrote: What is going on right now is just like the Great Depression where the government constantly imposed new programs, taxes and regulations on business that swallowed up investment income and increased expenses on business. Everyone I talk to who owns a business is now constantly trying to keep up with all that and worried about what comes next. There are very few businesses I know of where the owners feel secure from month to month. Banks don't want to lend, people are scared of what comes next so they don't spend and they horde what they can. Money has stopped flowing through the economy and with good reason.

Business owners feeling insecure goes beyond the regulation issue, which is certainly a contributing factor. A bigger peice of the pie is that their potential customers simply don't have the money to spend because they have no jobs or jobs that don't pay very well and/or their savings got wiped out during the big bust a few years ago when the bankers ran off with everyones money. Blaming it on governement regulation doesn't hold much water. That's mostly right wing, conservative bluster.
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Old 10-01-2012, 07:23 PM
 
9,817 posts, read 19,029,157 times
Reputation: 7541
Quote:
Originally Posted by CosmicWizard View Post
wanneroo wrote: Job security has always been a myth, it's just that when the economy is good and growing, it's far easier to get a new job or switch to another. Or likely a company will have a better chance of staying in business and hence keeping people employed.

Amen to that!

wanneroo wrote: What is going on right now is just like the Great Depression where the government constantly imposed new programs, taxes and regulations on business that swallowed up investment income and increased expenses on business. Everyone I talk to who owns a business is now constantly trying to keep up with all that and worried about what comes next. There are very few businesses I know of where the owners feel secure from month to month. Banks don't want to lend, people are scared of what comes next so they don't spend and they horde what they can. Money has stopped flowing through the economy and with good reason.

Business owners feeling insecure goes beyond the regulation issue, which is certainly a contributing factor. A bigger peice of the pie is that their potential customers simply don't have the money to spend because they have no jobs or jobs that don't pay very well and/or their savings got wiped out during the big bust a few years ago when the bankers ran off with everyones money. Blaming it on governement regulation doesn't hold much water. That's mostly right wing, conservative bluster.
$444 Billion in the past 4 years is the tally in government compliance costs imposed on business. The obama administration on average has been cranking out new regulations and dictates that cost business in excess of $10 billion a month. obamacare is going to add another pile of costs. What I would advise you to do is start talking to people that own businesses, both large and small. It might be quite informative. If you want to believe it's some sort of conservative bluster, I believe you are factually incorrect as those costs have to be paid somehow. All it does is add unnecessary costs to products and services, especially at a time when the economy is weak.
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Old 10-02-2012, 12:02 AM
 
Location: Sunnyvale, CA
4,888 posts, read 8,908,652 times
Reputation: 2435
Quote:
Originally Posted by wanneroo View Post
Everyone I talk to who owns a business is now constantly trying to keep up with all that and worried about what comes next. There are very few businesses I know of where the owners feel secure from month to month. Banks don't want to lend, people are scared of what comes next so they don't spend and they horde what they can. Money has stopped flowing through the economy and with good reason.
There are at least a couple areas that are doing well, one is Silicon Valley and the other, from what I hear, is the oil industry.
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