Got laid off...

My name is whatever you want it to be

 

i loved Arrested Development!
And I never connected that Michael Cera was in it! Wowwwww

And how does 800k houses selling have to do with a recession? if anything that's a sign of the opposite

 

so when people are buying million dollar houses all throughout town, and for sale signs are barely staying up for a week thats a bad sign?

interest rates going up
New home construction back in the positives

here in BC there is no recession.

 

Then you guys are lucky

 

Sorry to hear about your job. It's nuts, we went from like 54 managers to 36 in less than six months. Including some huge cuts where 5 people lost their jobs at one time. When you go from making 40 million to 24 million in a short period of time then yeah the company has to make cut backs.

 

the rich ALWAYS have money. the sale of multimillion dollar homes,and high dollar luxury items in no way reflects the state of the economy as a whole.

you cannot judge the entire economy based on the top 2 or 3 % of the populations spending habits.

 

Personally, I find it all has to do with fear. The people who have jobs are not spending their money because they are afraid they are going to loose their job and they want to have a nestegg saved up. Then the goods that would have normally been purchased by those people are not being sold and then the people who make and sell those items are loosing their jobs. It's a cycle. The solution is to spend your money.

 

that may have a bit to do with it Startreken, but also, the cost of everything has gone up, therefore people just dont have the extra money to spend. i dont think there are many people sitting around on a nestegg right now, its all going to gas and energy costs and higher food costs. also i know a lot of people who still have their jobs, but their hours have been cut back, so they don't have any extra money to spend.

 

Don't count on getting the fruit stand job-if you get it great-but until you show up for your first day of work you don't have a job yet. Look for another job.

We're you paying unemployment insurance in your last job-file for unemployment right away.

 

exactly.. they are buying those houses and when the economy looks better and housing prices start to soar.. they will make any additional $500k-1m on those houses they are buying right now..

if you have money.. this economy is a buyers market.. people who cannot afford to live with what they have are selling at low low low prices.. i've seen so many deals on CraigsList for boats/cars/electronic/RV/ATV.. because people just need to SELL to make ends meet even if it means selling a lot lower than what it's worth because they just need whatever money they can get

 

Oh, I do agree with you. However, I also feel that the media had blown this up so much that everyone is so scared. It's panic mode. You can tell by the statements from the White House, they are like, it's over, spend money. I totally appreciate what you are saying. My 401K is in the shitter and the house I just bought for 400K is now worth 300K. We are cutting back as well. All I am trying to get at is that the people who have should spend.