Colorado...slated for an early recovery????? (Denver, Vail: real estate market, loan, employment)

[Josseppie]

Originally Posted by wanneroo

One thing to keep in mind is a lot of people are underemployed. They may be retained on staff but are only working part time. I know a lot of friends and relatives in Eagle County in that boat right now. And business is bleak.

From everything I am reading and seeing with my own eyes, I don't see a "recovery" for years. Now I think there may be an easing in unemployment and much like the stock market which came back up some, but it will not be a "recovery" until unemployment is back to full employment(5.0%) and the stock market is back to where it started among other indicators.

This belief you have that suddenly in the 3rd Qtr. business is jamming and all is normal, I don't think is the reality.

I agree it will be a while before the Colorado economy is back to where it was but I do think we will start to see growth by 4th quarter. I suspect 2010 will be a good year for the economy but, at this point, I will not even guess when it will be back to where it was before the recession began.

However, with Colorado becoming big in alternative energy I suspect that the growth in our economy in the next decade will surpass anything we have seen in Colorado since the post ww2 boom of the 1950's and I would not be surprised if we outgrew the growth seen in that decade.

[sterlinggirl]

Total of 101 laid off at West Elk Mine

[treedonkey]

Originally Posted by sterlinggirl

Total of 101 laid off at West Elk Mine

I'm not sure anyone was thinking of the mining industry when they mentioned being poised for early recovery. That's so sad, though. You see a lot of those old abandoned company towns up in the high country here, and it really is unsettling, especially when you think about the people and the families it affected, both directly and indirectly.

[Josseppie]

Originally Posted by treedonkey

I'm not sure anyone was thinking of the mining industry when they mentioned being poised for early recovery. That's so sad, though. You see a lot of those old abandoned company towns up in the high country here, and it really is unsettling, especially when you think about the people and the families it affected, both directly and indirectly.

Agreed. Small towns are facing a number of issues in Colorado which this recession is only making worse. As it seems like from my generation down most people want to live in cities with a population of at least 100,000 people.

[wanneroo]

Originally Posted by Josseppie

I agree it will be a while before the Colorado economy is back to where it was but I do think we will start to see growth by 4th quarter. I suspect 2010 will be a good year for the economy but, at this point, I will not even guess when it will be back to where it was before the recession began.

However, with Colorado becoming big in alternative energy I suspect that the growth in our economy in the next decade will surpass anything we have seen in Colorado since the post ww2 boom of the 1950's and I would not be surprised if we outgrew the growth seen in that decade.

Actually I think it has the potential to get worse before it gets better. Especially with the huge deficits being run up and our debt as a country getting even worse.

"Alternative" energy of which much of it still doesn't have the efficiency to match current sources, where is the money going to come from to get that into nationwide use? Printing more money we don't have?

[motoracer51]

Originally Posted by wanneroo

Actually I think it has the potential to get worse before it gets better. Especially with the huge deficits being run up and our debt as a country getting even worse.

"Alternative" energy of which much of it still doesn't have the efficiency to match current sources, where is the money going to come from to get that into nationwide use? Printing more money we don't have?

Cap & Trade pal.

[wanneroo]

Originally Posted by motoracer51

Cap & Trade pal.

I can guarantee as with any tax meant for a specific usage, it will go to line the pockets of some other scam.

Cap and Trade is pure communism at it's worst.

[Josseppie]

Since this is about Colorado just look at all the developments planned in the Pueblo area because of alternative energy and the spin off jobs it will create. IMO that will more then pay back the initial cost to the federal government and cause the economy to grow fast.

Note: I could also site the Denver area and northern Colroado as well.

[jazzlover]

I'm just returning from an extensive trip through southern Colorado, where I met with a lot people who really have their fingers on the pulse of that part of Colorado, as well as the whole region. The hype about recovery is just that--hype. The truth is something much different in rural Colorado--and that will affect the metro areas, as well. I will be making some extensive posts about this as I have time. I'm still absorbing all that I learned, but--suffice it to say-- there are some very, very disturbing and ominous trends showing out there. We are a LONG WAY from any meaningful recovery--and probably will never return to where we were just a few years ago. More later.

[wanneroo]

Originally Posted by Josseppie

Since this is about Colorado just look at all the developments planned in the Pueblo area because of alternative energy and the spin off jobs it will create. IMO that will more then pay back the initial cost to the federal government and cause the economy to grow fast.

Note: I could also site the Denver area and northern Colroado as well.

That's not reality though. All those energy programs, if actually funded, take years and years for the infrastructure to be built. The benefits, if there are any, take years to happen. Therefore your claim the federal government will be paid back immediately is not true. And paying for it with money we don't have isn't too bright either.

Hence using that to support your predictions of 2nd qtr, then 3rd qtr, then 4qtr and now 2010 "recovery" is not factual and it's completely untrue.

"Alternative" energy still came show much in the way of actual returns.