Bad Economy...Your Opinion Please?

**alexandra108** · 06-10-2008 05:46 PM

I don't have a finance or economics background but have certainly noticed that my bank has made some drastic changes on how they extend credit (both personal and business...). It seems like overnight they made it a lot more difficult for everyone to get credit. This is my first time needing outside funding (unfortunate timing I know), and I am assuming it will be more difficult than usual to get angel funds as well compare to before in this horrible economy. Your opinion? When is this recession going to be over? Sigh, I really would like to know.

**Gaulkin** · 06-10-2008 06:56 PM

Until gasoline gets back to a reasonable price the recession will continue. Every since thing in our economy is linked to the use of gasoline, its our bloodline.

**tazman9r** · 06-11-2008 05:35 AM

I think the housing bubble ought really be officially called the credit bubble. Some news outlets and pundits have been using this term. We have been living outside our means in this country for decades because we have developed a debtor mentality. Once you go down the road that says "I can afford this because I can afford the monthly payments" you invite overcharging, price gouging, and everything that has come with it. My credit is a wasteland (long story). I am actually glad, it has forced me to live within my earnings. It has also bee a great motivator to become more successful.

**Jay Brass** · 06-11-2008 06:21 AM

Well, during every bad situation, there's always something that gains. If we as investors can find that gain and invest in it, we will be the ones who are coming out well off. That's how I see it.

**crackah** · 06-11-2008 07:02 AM

If the oil price keeps going, its really going to [censored] up any economy.

Everything depends on oil. It sucks really bad.

**jasaunders** · 06-11-2008 07:21 AM

There's an old saying that banks are willing to lend you money when you don't need it, and won't lend you money when you do.

There is nothing to suggest that angel funding is declining. In many areas of the country, angel funding continues to be strong.

**Squandered Halfpints** · 06-11-2008 02:15 PM

Originally Posted by alexandra108

When is this recession going to be over? Sigh, I really would like to know.

I think its only the beginning. The media is still focusing on "are we in a recession" types of stories. I see financial experts on these news programs all the time furious at the fact they "We are in a recession, and they (I'm guessing they're reffering to Ben Bernanke an other economic leaders) need to come out and say that we are in a recession!"

Is it just me, or isn't it pretty obvious why any leaders in the economic area aren't coming out to say this. If they did, we would turn this gentle recession slope we're currently riding into a cliff, splat! depression. Everybody would hoard their stimulus checks (which I really don't think would help much anyway) and all their savings.

I think the economy will get much worse before it gets any better. I'm not a pessimist, just a realist. I think I'm actually quite optimistic about the whole situation. House prices are coming back down finally, becoming a buyers market (me). Stocks are plummeting, maybe do some short sales? High gas prices, now I have to get off my azz and ride my bike or walk or carpool or use public transportation. Good for my health, and the environment. And it will force our society to become less dependant on oil and search for alternative sources. Recession, bring it on... that which does not kill me makes me stronger.

**Gaulkin** · 06-11-2008 02:41 PM

Originally Posted by Squandered Halfpints

I think its only the beginning. The media is still focusing on "are we in a recession" types of stories. I see financial experts on these news programs all the time furious at the fact they "We are in a recession, and they (I'm guessing they're reffering to Ben Bernanke an other economic leaders) need to come out and say that we are in a recession!"

Is it just me, or isn't it pretty obvious why any leaders in the economic area aren't coming out to say this. If they did, we would turn this gentle recession slope we're currently riding into a cliff, splat! depression. Everybody would hoard their stimulus checks (which I really don't think would help much anyway) and all their savings.

I think the economy will get much worse before it gets any better. I'm not a pessimist, just a realist. I think I'm actually quite optimistic about the whole situation. House prices are coming back down finally, becoming a buyers market (me). Stocks are plummeting, maybe do some short sales? High gas prices, now I have to get off my azz and ride my bike or walk or carpool or use public transportation. Good for my health, and the environment. And it will force our society to become less dependant on oil and search for alternative sources. Recession, bring it on... that which does not kill me makes me stronger.

Gasoline is the one thing that will make or break us right now, if it keeps going up we could go into a depression and then war. If it gets back under control well have time to change our ways and go with another type of fuel and the recession will be over.