U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 06-04-2009, 10:40 AM
 
Location: Wherabouts Unknown!
7,459 posts, read 10,869,093 times
Reputation: 8262
Default Colorado...slated for an early recovery?????

According this article Which states will be early risers?, Colorado is predicted to be one of the states to recover first.
NEW YORK— If you want to be in the right place when the recovery starts, that place may be in Colorado, Idaho, Oregon, Texas or Washington.

The recession didn't start at the same time in every state, and it won't end at the same time either. A new forecast from Moody's Economy.com predicts that jobs growth will return first in those five states, starting in the last quarter of this year.....Bill Dedman
Reply With Quote Quick reply to this message

 
Old 06-04-2009, 10:41 AM
Status: "Ask me about Denver" (set 6 days ago)
 
Location: South Metro Denver and looking at houses
8,512 posts, read 18,474,999 times
Reputation: 4243
early? It's never too early to recover. I think Colorado is overdue, and therefore late!
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 10:51 AM
 
17,109 posts, read 23,439,653 times
Reputation: 12382
Moderator Speaking.

Let's all keep this thread specific to Colorado and it's economy. Off-topic posts will be deleted, with warnings and infractions as needed.
__________________
- Please follow our TOS.
- Any Questions about City-Data? See the FAQ list.
- Want some detailed instructions on using the site? See The Guide for plain english explanation.
- Realtors are welcome here but do see our Realtor Advice to avoid infractions.
- Thank you and enjoy City-Data.
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 03:26 PM
 
7,965 posts, read 15,305,298 times
Reputation: 7950
I love to read these "feel good" stories that seem very detached from reality. Of course, this is from Moody's Economy--I believe that is a subsidiary of Moody's--that would be the bond-rating company that was giving AAA ratings to bonds (now pretty much worthless) backed up by those toxic waste loans, CDO's, etc. that helped get us into this economic mess. Hmmmm . . .

Aside from that, I'm still trying to figure out how "high-tech" is going to lead us out of this recession/depression. Are cash and credit poor consumers going to suddenly go hog wild and buy high-ticket computers, big-screen TV's, etc.? Are businesses that are barely able to keep their doors open
going to spring for all new computer equipment and the like? (I know the organization I work for has already put any big ticket IT and computer purchases on hold for at least 18 months and probably for 2 years.)

The people I know in Colorado who work in high-tech are scared ****less about being able to keep their jobs; they are hearing nothing about "expansion." This wonderful recovery Moody's is talking about would be real news to them.

As for the other sector of the Colorado economy the article mentions--energy--every day brings stories of more layoffs and more shutdowns. Yesterday I was at the offices of one of the western Colorado energy companies. Close to 100 people were working at that particular facility a year ago. Yesterday there was one receptionist, one foreman, and one manager left there. Even if energy prices ramp back up this year--and I think they will--my guess is it will take a lot of these outfits 18-24 months to get back to where they were. They are real gun shy now.

I suspect the same ilk of numbskull "journalists" wrote this drivel as the ones who said a year ago that there would be no recession. Not to put too fine a point on it, but read what I was saying back in '07 on this forum and read what a lot of those folks were saying back then. Who was right?
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 03:38 PM
 
Location: Wherabouts Unknown!
7,459 posts, read 10,869,093 times
Reputation: 8262
Obviously you were right! How many gold stars do you want?

The numbskull "journalists" writing this drivel are entertainers. Just like weathermen, they can be wrong most of the time and still keep their jobs. Gotta remember, to these guys, writing about the economy is just entertainment! There's probably some truth in this article nonetheless, but we'll have to wait and see just what it might be.
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 04:26 PM
Status: "CSU Pueblo football is ranked 2nd in the nation!" (set 4 days ago)
 
Location: Pueblo - Colorado's Second City
10,083 posts, read 11,022,758 times
Reputation: 3027
Quote:
Originally Posted by 2bindenver View Post
early? It's never too early to recover. I think Colorado is overdue, and therefore late!
I agree!
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 04:33 PM
 
13,033 posts, read 11,748,039 times
Reputation: 38285
Regarding the western slope and the energy companies, Jazzlover is right. This area has taken a big hit with Halliburton and the other energy related companies experiencing a big slowdown. As this area was the last to experience hard times, this area will be the last to recover. Several employees in my neighborhood are drawing unemployment right now, but they love the area and want to stay here, hoping things will pick up. To conserve their unemployment benefits, they are taking whatever work they can find on the side. 18 to 24 months might be about right, for now anyway.
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 04:49 PM
 
3,460 posts, read 2,420,876 times
Reputation: 6677
It doesn't look like things are getting better.

The Pueblo Chieftain :: Trane accelerates layoffs

The Pueblo Chieftain :: Local Home Building Nears Historic Lows

Last edited by sterlinggirl; 06-04-2009 at 04:59 PM..
Reply With Quote Quick reply to this message
 
Old 06-04-2009, 05:01 PM
Status: "CSU Pueblo football is ranked 2nd in the nation!" (set 4 days ago)
 
Location: Pueblo - Colorado's Second City
10,083 posts, read 11,022,758 times
Reputation: 3027
Quote:
Originally Posted by sterlinggirl View Post
This was not a good news day in Pueblo. Can't spin that one..

Reply With Quote Quick reply to this message
 
Old 06-04-2009, 07:45 PM
 
Location: Colorado Springs, CO
2,220 posts, read 3,305,282 times
Reputation: 1622
I was in a Colorado Springs, Colorado Best Buy yesterday, and while I was doing some geeking out Colorado style in the electronics department, I noticed that they have *really* reduced the variety of the monitors and other computer stuff they keep in stock, with no more of the high-end 26" stuff for example.

I later stopped by the Colorado Springs, Colorado Costco and they have also dropped most of the monitors, with nothing bigger than 22" on the shelf there.

So while I was driving up the Colorado Highway in my vehicle (which has Colorado plates and a lot of Colorado dirt on it) I did some Colorado-style thinkin' along the lines of my favorite old Colorado curmudgeon Jazz, and thought that maybe if Colorado Springs, Colorado is any indication, that tech isn't making nearly the comeback that the news media outside Colorado (but who secretly wish they were in Colorado Springs, Colorado) would have us Coloradoans believe.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado

All times are GMT -6. The time now is 05:54 AM.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top