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08-18-2008, 10:19 AM
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Depression 2.0 coming to a street corner near you.
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Join Date: Nov 2007
Location: America
5,119 posts, read 3,523,224 times
Reputation: 910
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Quote:
Originally Posted by compelled to reply
While I understand where you are getting at, I don't understand how we can say it's so awful right now if that is the case (talking about NYC here not Florida). It's a slowdown, not optimal conditions but not recession. I thought the 90s (1993 and forward) was a recovery period from the late 80s/early 90s recessions(s) and considered to be "good"?
Florida IS in a recession, shedding jobs and shrinking GDP, and it's proven by what? The facts.
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Ok, facts, I like those, so lets deal with them.
1. No one said it was awful
2. What i said about NYC in relation to Broward:
Quote:
New York City's seasonally adjusted unemployment rate was 5.0 percent in July 2008
link
Not as bad as Broward but not good either. But I question those numbers for NYC. It was 5.3 in June, 5.2 in July and 5.0 at the end of July. I wonder if people are leaving the city which would account for the fall in jobless claims
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link
3. A slowdown is what leads into a recession my friend. Recessions don't jump out of closets and go boo. It is a slow but steady decline that then turns into recession, depression, hyperinflation, stagflation or whatever.
As for a recovery, NYC didn't go into a recovery until 1994 and that was the tech and telecommunications bubble that then went up in flames in 2000. Then real estate and credit bubble that has now gone up in smokes.
Search NYTs, I am sure they have tons on what happened back then. Also IF your interested google Bloomberg's speech on the City's economy from last year and Governor Paterson's economic speech from this year. Anyone who thinks NYC is in good shape or fairing well should either look into the issue further or have their heads examined.
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08-18-2008, 10:23 AM
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Beating up rude people & fighting crime,en Espanol
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Join Date: May 2007
Location: Weston, FL
7,717 posts, read 7,081,039 times
Reputation: 1511
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Quote:
Originally Posted by Wild Style
3. A slowdown is what leads into a recession my friend. Recessions don't jump out of closets and go boo. It is a slow but steady decline that then turns into recession, depression, hyperinflation, stagflation or whatever.
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Didn't say it wasn't going to happen, just said it wasn't there yet. Thanks for clarifying on the former however.
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08-18-2008, 04:34 PM
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Senior Member
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Join Date: Sep 2007
Location: Nashville, TN
1,948 posts, read 1,289,244 times
Reputation: 514
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Quote:
Originally Posted by wild style
what is the unemployment rate for nashville? I tried to look for davidson county but was unsuccessful in finding anything meaningful.
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5.6%
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08-18-2008, 04:35 PM
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Beating up rude people & fighting crime,en Espanol
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Join Date: May 2007
Location: Weston, FL
7,717 posts, read 7,081,039 times
Reputation: 1511
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Quote:
Originally Posted by TNRyan23
5.6%
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Do you happen to have a link? Or did you steal mine  .
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08-18-2008, 04:46 PM
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Senior Member
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Join Date: Sep 2007
Location: Nashville, TN
1,948 posts, read 1,289,244 times
Reputation: 514
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Quote:
Originally Posted by compelled to reply
Look where you live to see where is really getting crowded. Texas has way too much room to get crowded anytime soon.
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Texas is a HUGE state, However.. If you're looking to move there for work and a good economy, You'd have to live in one of the major cities.. Houston, Dallas, San Antonio, Austin, ect, ect.
As far as work goes, most of the smaller places are dead. El Paso is really dead. Just for numbers sake, At last cenus Houston had 3.8 million residents. Before the " Houston and Texas is the place to run to " boom of 2008, Houston led the nation with over 38,000 new residents moving to the city in 2007.
I doubt you're going to find a better situation in say, Brownsville, El Paso, or Tyler as you would in Orlando, Tampa, or Miami so moving to one of the bigger Texas cities makes more sense and from what I understand from my grandparents, Houston is growing so fast that they're scared the jobs will dry up and god help us if Houston has another energy bust.
Quote:
Originally Posted by compelled to reply
As far as the faster growing, supposedly "high wage" states, TX and VA are the place to be. I respect anyone who complained about the low wages here but didn't follow the sheeple to North Carolina and Tennessee.
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I don't know who you're reffering to as " sheeple " ( gee, bet you're a republican, right ? ) However, I moved to Tennessee because I had family here and was able to get into a state university where, in Florida I could not. The mass number of Floridians that have moved into Middle Tennessee has forced the " no jobs " blues and that's what has my wife and I considering Houston, TX as our new home. However, We think Houston will soon become the same way that Florida did and now Tennessee. People moved to Tennessee because we have beautiful land, friendly people and affordable everything. MUCH different from the land of tax the hell out of everything Florida.
Are you relocating from Florida anytime soon ? Are you one of the northern " sheeple " that moved from the North and ruined Florida by any chance ?
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08-18-2008, 04:53 PM
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Beating up rude people & fighting crime,en Espanol
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Join Date: May 2007
Location: Weston, FL
7,717 posts, read 7,081,039 times
Reputation: 1511
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Very interesting to see how low the unemployment rate was in 1990...that must of been one of the lowest in the whole country at the time.
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08-18-2008, 04:55 PM
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Beating up rude people & fighting crime,en Espanol
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Join Date: May 2007
Location: Weston, FL
7,717 posts, read 7,081,039 times
Reputation: 1511
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Quote:
Originally Posted by TNRyan23
Are you relocating from Florida anytime soon ? Are you one of the northern " sheeple " that moved from the North and ruined Florida by any chance ?
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Yeah but it wasn't my fault, I wasn't a legal adult!
The cities in TX are nice but just watch out for the property taxes  ! Tennessee is great for low tax impact. Florida DOES still have one of the lower overall tax burdens out of all of the states, but the homeowners insurance practically serves as a tax.
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08-18-2008, 04:56 PM
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Senior Member
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Join Date: Sep 2007
Location: Nashville, TN
1,948 posts, read 1,289,244 times
Reputation: 514
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Quote:
Originally Posted by compelled to reply
Very interesting to see how low the unemployment rate was in 1990...that must of been one of the lowest in the whole country at the time.
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Yeah, It used to be a sleepy little town known only for country music and the grand ole opry but these days It's known for the NFL, NHL, and crime.
I can't comment on the unemployment rates in 1990 as I lived in Tampa at the time 
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08-18-2008, 04:59 PM
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Senior Member
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Join Date: Sep 2007
Location: Nashville, TN
1,948 posts, read 1,289,244 times
Reputation: 514
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Quote:
Originally Posted by compelled to reply
Yeah but it wasn't my fault, I wasn't a legal adult!
The cities in TX are nice but just watch out for the property taxes  ! Tennessee is great for low taxes.
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Yeah, I know, I was just messing with ya man.
I love Houston. Houston and the surrounding areas really remind me of Florida just because of the weather, sports, surrounding beaches, diversity, ect, ect. only with jobs and affordable stuff.
Like you said though, the only things that suck are the property taxes and the electricity costs...
Tennessee has low property taxes, no state income tax, and cheap insurance rates. However, at 9.35% Tennessee has the highest sales tax in the country.
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