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Old 01-07-2009, 03:07 PM
 
Location: Middle Creek Township
2,036 posts, read 4,394,616 times
Reputation: 532

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Good article here.

Quote - "I think the Triangle economy has an edge over many parts of the world," he said. "It has the strength of great education, community colleges and a young, bright population that is growing in this market."

Experts predict Triangle will lead way out of recession :: WRAL.com

On the downside, I believe 2009 is the year that will produce the most pain.
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Old 01-07-2009, 03:14 PM
 
Location: SW Durham, NC
1,219 posts, read 3,292,600 times
Reputation: 945
I think it's great to be optimistic, but I still can't find a job and being unemployed is very difficult.
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Old 01-07-2009, 03:18 PM
 
Location: Middle Creek Township
2,036 posts, read 4,394,616 times
Reputation: 532
Quote:
Originally Posted by hula View Post
I think it's great to be optimistic, but I still can't find a job and being unemployed is very difficult.
I am sorry for your struggles now. Unfortunately, it is going to get much worse before it gets better. Hopefully you will pick something up soon. The thing to remember is that economic cycles always happen and always will. We will never sustain endless economic growth. It can't happen. The turnaround is coming. Good thing we are here, rather than lots of other places.
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Old 01-07-2009, 03:21 PM
 
Location: SW Durham, NC
1,219 posts, read 3,292,600 times
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Quote:
Originally Posted by Charlton Dude View Post
I am sorry for your struggles now. Unfortunately, it is going to get much worse before it gets better. Hopefully you will pick something up soon. The thing to remember is that economic cycles always happen and always will. We will never sustain endless economic growth. It can't happen. The turnaround is coming. Good thing we are here, rather than lots of other places.
Thanks for your kind words. Yes, I've been through a recession before and unemployment during it, particularly back in the late 70's, but I've never had such a hard time finding a job as this time. Yes, hopefully very soon I'll have a regular paycheck again....
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Old 01-07-2009, 03:25 PM
 
Location: Middle Creek Township
2,036 posts, read 4,394,616 times
Reputation: 532
Quote:
Originally Posted by hula View Post
Thanks for your kind words. Yes, I've been through a recession before and unemployment during it, particularly back in the late 70's, but I've never had such a hard time finding a job as this time. Yes, hopefully very soon I'll have a regular paycheck again....

Typically things pick up in Feb and March. This is not a typical time, but there still may be more action than there was over the holidays. The second half of the year should show better signs of life.
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Old 01-07-2009, 04:22 PM
 
5,743 posts, read 17,594,046 times
Reputation: 4793
Quote:
Originally Posted by hula View Post
I think it's great to be optimistic, but I still can't find a job and being unemployed is very difficult.

Me too. The last 5 weeks have been terrible. Things better pick up soon. We're expecting our second child in a few short weeks. Daddy better have a job by then.
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Old 01-07-2009, 06:22 PM
 
Location: 27609
525 posts, read 1,297,596 times
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Hate to say it, but that prediction was made by the Raleigh Chamber of Commerce. I agree with much of what was said, but it does sound a little silly coming from them. It's kind of like when the NAR says that it's a great time to buy a house.
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Old 01-08-2009, 06:20 AM
 
5,458 posts, read 6,712,767 times
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Last year they predicted slower growth in 2008 compared to 2007 followed by a return to "real growth" in 2009. It looks like they're using the same forecast this year, just adding 1 year to all of the actual dates. I guess if you keep predicting that the economy will turn around next year, eventually you'll be right.

And boocake, it's not just always a great time to buy a house, it's always a great time to buy OR SELL a house!
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Old 01-08-2009, 07:27 AM
 
Location: Apex, NC
115 posts, read 381,103 times
Reputation: 89
Quote:
Originally Posted by hula View Post
I think it's great to be optimistic, but I still can't find a job and being unemployed is very difficult.
Indeed! Especially with your savings account approaching zero and next month's mortgage looming large. ...and unemployment payments are just about enough to pay your groceries (maybe).
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