Hawaii's Ecomony Truning Around???

[Lopaka]

Originally Posted by VanHa

Since no one knows and even the experts are wrong...how can we predict when we've bottomed out?!

There are a few guys on the world circuit that have accurately predicted the current economic crisis as early as 2003, and have followed with other predictions in 2006 saying the recession will start in 2007, with the crisis in 2008. It's these guys with track records that I listen to. Not all the other clowns, least of all a brokerage trying to make money off of you.

To me, Paul Brewbaker's a joke. I distinctly recall an article he wrote in the Advertiser in late 2007 or early 2008, saying the economy was strong and to expect a slight bump. But after that, economic growth. He wrote an article in last Sunday's paper hinting that the economy may start to recover by the end of this year. It's amazing this guy still has a job. He never saw it coming, so why should I beleive anything he has to say for the future?

These are the guys you can listen to with confidence - 1) Peter Schiff, 2) Gerald Celente, 3) Jim Rogers, and 4) Marc Faber.

There's daily youtube posts on these guys and what they're predicting for the future. Try to hold your screams and don't spill your popcorn.

[KoaKine]

I would like the hear more dont stop there

[kaimuki]

Gerald Celente has been spot on in the past, but what he's predicting in the coming months and years is very scary. Will his predictions also hold true for Hawaii, well, I hope not. He's predicting the mother of all Great Depressions. He says we will have a tax revolt, unemployment greater than 25%, starvation, tons of street violence and our own police and military firing live rounds at American citizens. WOW!

[KoaKine]

Yikes!!! I better buy more bullets

[Lopaka]

Originally Posted by kaimuki

Gerald Celente has been spot on in the past, but what he's predicting in the coming months and years is very scary. Will his predictions also hold true for Hawaii, well, I hope not. He's predicting the mother of all Great Depressions. He says we will have a tax revolt, unemployment greater than 25%, starvation, tons of street violence and our own police and military firing live rounds at American citizens. WOW!

And, it's already happening in the UK with more to come.

Being in Hawaii has its pluses and minuses. On the plus side, we have great weather all year long, we'll always have drinkable water, and have a better sense of "community" than on the mainland.

On the minus, we only grow 10% of our own food, and over 90% of our other stuff are imported. If our shipping came to a halt, we'd have maybe 2 weeks before the shelves run empty. Are you prepared for that?

A few hours ago, the Swine Flu alert was raised from 4 to 5 by the World Health Organization (WHO). 6 is the highest level for pandemic. Beyond that is epidemic. If and/or when it goes higher, "they're" talking possible quarantine, meaning people having to stay home for days without venturing outside. All of a sudden, preparing 30 days worth of food and household goods is no longer an subject of debate. It's just pure common sense.

What reinforces my belief in this bad case scenario is that it's been predicted over 2,000 years ago in a book called the Bible.

Not sure if our own police and military would fire on us, but I do know that Clinton signed an executive order that authorized handing over military power to the U.N. in the event of a national emergency. I remember reading an article on this. Foreign troops won't have any qualms about firing on us if it came down to that.

[kaimuki]

A food shortage in Hawaii could become a reality if we end up in a full blown Depression. After all, we are the most isolated population in the world, and Hawaii's agriculture is going extinct. Oahu is a concrete jungle, we no longer have enough land to farm on to feed us all. Those living in apartments and condos will have to grow their food in pots and that wouldn't be enough.

Some asked me in another if I completed my plan in case the lights go out (a total collapse in our economy - aka - A Great Depression). I replied, yes, I have. I have my beans, bullets and beer. Of course, I was only kidding. Seriously, my wife and I have been buying a lot of canned goods and water. Tons of Spam, Vienna sausage, corned beef, tuna, salmon, sardines, soup, vegetables.

[VanHa]

More bad news...Hotel numbers are the lowest since the early 90's...any comment!

[KoaHawaii]

Originally Posted by VanHa

As I walk around Waikiki I am noticing Waikiki Beach to be full of beach goers...I also noticed that Kuhio Beach is full of tourists. Last week I had to literally walk on the road because there was no roon on the sidewalk on the Waikiki strip! Is this a mirage or are others seeing other signs of the economy turning around?

I would appreciate knowing what others are noticing...

unfortunately the numbers of tourists are way down from a couple years ago. as the overall US economy continues to do poorly and we have people who are afraid to spend not knowing if they will still have their job tomorrow there will be less spending on luxury things like vacations especially to hawaii. i have family who work at the hotels and they see first hand how they are hurting and people are being laid off etc. their was a small ray of sunshine with things like merrie monarch and other tourist pulls that helped so some have been able to work overtime but many employers know it is cheaper to pay overtime rather than higher more and have to pay more people insurance coverage etc. unfortunately i don't see the economy here or elsewhere improving anytime soon, hopefully next year will be an improvement. i still see tourists etc. but you can tell even in places like kona or tourist areas of maui that numbers arent what they used to be. many places have deals for rentals etc. becasue they need whatever $ they can get

[X529]

I was just there and my Wife and I noticed the crowds in Waikiki seemed large, the "high end"
stores were virtually empty. We go every year to Oahu but we have cut way back on spending.
Now we only do 1 Island (Oahu) instead of two, and we only spend 7 nights instead of 10.