1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

The state of the US economy

Discussion in 'BBS Hangout' started by rocketsinsider, Feb 28, 2008.

  1. rocketsinsider

    Joined:
    Apr 1, 2006
    Messages:
    640
    Likes Received:
    0
    Should I be worried?

    With the continual bad news in the housing market, rising cost of oil, food, and unemployment rates is that something that we should be concerned about?

    As a soon to be College graduate (3 more years +time for grad school, fingerscrossed) should I be worried about the job market? UT's tuition rate has risen by 40%, add that with increased cost in food, and housing(even tho every where else housing price has fallen), what should I expect?
     
  2. Bandwagoner

    Bandwagoner Contributing Member

    Joined:
    Jan 26, 2006
    Messages:
    26,731
    Likes Received:
    3,479
    the sky is falling, better to just quit school and start stealing cars.
     
  3. danny317

    danny317 Member

    Joined:
    Jul 31, 2002
    Messages:
    1,756
    Likes Received:
    2
    go teach english abroad. thats what i did when i graduated in 02 (tech bubble bust)
     
  4. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    Vote for Ron Paul to save the economy. That, and get into manufacturing. Your dollars might not be worth much, but the industry is doing really well, and you'll be able to get a job.
     
  5. Landy

    Landy Member

    Joined:
    Mar 28, 2003
    Messages:
    125
    Likes Received:
    0
    i graduated right after 9/11. it sucked hard. i couldn't find anything. best stay in school. maybe do some internships in the summer and see if they leads to a fulltime offer.
     
  6. pippendagimp

    pippendagimp Member

    Joined:
    Sep 1, 2000
    Messages:
    27,030
    Likes Received:
    21,257
    The final speculative phase to the Moon has not transpired as of yet. So everything is holding fine for now and you are okay. After some years however, you will need to carry a gun when you walk outside.
     
  7. Supermac34

    Supermac34 President, Von Wafer Fan Club

    Joined:
    Mar 31, 2000
    Messages:
    6,977
    Likes Received:
    2,211
    Well, the general thinking right now is that the economy should start getting better end of 08 or 09.

    Plus, the job market, especially in the South, is still doing pretty well. Corporate profits, at least right now, are still pretty decent, and in some cases, spectacular. This leads to the job market staying pretty good.

    Also, while we *might* go into recession, we probably won't. More of a "slowdown" of growth than a full recession.

    My thinking is that things are never quite as good, or ever quite as bad as the media makes it out to be.
     
  8. boomboom

    boomboom I GOT '99 PROBLEMS
    Supporting Member

    Joined:
    Sep 29, 1999
    Messages:
    12,258
    Likes Received:
    8,622
    [​IMG]
     
  9. MadMax

    MadMax Contributing Member

    Joined:
    Sep 19, 1999
    Messages:
    73,533
    Likes Received:
    19,772
    holy smokes, that's Pee Wee's bike!!! is that a picture of the basement of the Alamo?
     
  10. Lady_Di

    Lady_Di Contributing Member

    Joined:
    Apr 11, 2007
    Messages:
    5,354
    Likes Received:
    155
    I am also considering buying a house this summer but I'm having double thoughts due to the state of economy. Everything is so expensive now!! I remember 99 cents per gallon for gas. :(
     
  11. tested911

    tested911 Member

    Joined:
    Dec 12, 2002
    Messages:
    3,643
    Likes Received:
    127
    Jesus 99 cents per gallon? What happened to you were you frozen for the past 10 years. hahahah
     
  12. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    The real problem with the economy:

    <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/ipJTqCbETog"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/ipJTqCbETog" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
     
  13. Lady_Di

    Lady_Di Contributing Member

    Joined:
    Apr 11, 2007
    Messages:
    5,354
    Likes Received:
    155
    LOL, believe it or not, we had that probably 10-15 years ago. I still remember.
     
  14. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    If you're sure about your job future, and you're not buying in a bubble area, do it. Real estate and other investments with intrinsic value do better in a recession or slow down.
     
  15. TexasFight

    TexasFight Member

    Joined:
    Dec 6, 2007
    Messages:
    1,813
    Likes Received:
    85
    It was back in late 97 or early 98 that gas prices dipped to below $1.00/gallon.
     
  16. thelasik

    thelasik Contributing Member

    Joined:
    May 9, 2005
    Messages:
    3,347
    Likes Received:
    72
    I remember this. The Exxon on the corner of 290 and Jones had gas for 79 cents at the time.
     
  17. danny317

    danny317 Member

    Joined:
    Jul 31, 2002
    Messages:
    1,756
    Likes Received:
    2
    man the economy is so jelafied right now.
     
  18. pchan

    pchan Member

    Joined:
    May 20, 2002
    Messages:
    1,550
    Likes Received:
    1
    the only thing we have to fear is fear itself

    everybody just pour out your bank account and buy stuff!

    That would stimulate and save the economy. Buy and save.
     
  19. bucket

    bucket Member

    Joined:
    Oct 9, 2007
    Messages:
    1,724
    Likes Received:
    60
    Yeah, let's just do away with the Federal Reserve in the middle of a recession.

    My advice is just to be well-educated. You're probably going to change careers a few times; you'll want to have knowledge you can use in many situations for the rest of your life.
     
  20. SWTsig

    SWTsig Contributing Member

    Joined:
    Dec 20, 2002
    Messages:
    13,937
    Likes Received:
    3,532
    inflation is starting to be a little concerning, but apparently the fed is more worried about growth.... we shall see.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now