September 7th, 2010 6:54 PM by Manuel Couto, CRS, CRB
Here we are on September 7, 2010, late at night, the TV is off, and nothing is going on in outside or inside. Just the chirping Crickets, and the dogs waiting to go outside for the last grass killing adventure of the evening.
What I want to know, is where is this economy heading? All this talk of double dips is very possible, but this weekend while watching news from Washington, two prominent economists (that and the weatherman can be wrong and still be considered Great) mentioned one thing that I was noticing. We have just about bottomed out in the economy. How much lower can property values, jobs, hope or dreams get before something breaks.
Realtors are touting the dream and affordable of home ownership, but Maslov's theory that first must come security before dreaming of stability is true. People are afraid of the job market, and others are just lazy and happy to take the Government dole for as long as they can without looking (since they can't make what they made before the economy crashed) for work. And yet others have remodeled their lives and now work on their own, in the public sector, or doing volunteer work that, if they did not get the government assistance, they would never have done.
Roads are being closed, opened and closed again as the only real jobs (beside government) is for the highway department. And yet, you can't complain since it's a job and helps pay the bills. Banks will always make money.. gee whiz, they've got it to a science, and only Wall St and the Government when they tried to regulate did the "old boy" network figure out a way to kill the fatted calf.. now what.
Sounds like a long rabble, eh? Not really. Just wondering what the next phase of this economy will bring before the "Recovery" starts...
peace and prayers to all. There is a light at the end of the tunnel.