Recession???

[vitalidle]

Originally Posted by TUDrewser

From the IRS web site:



Stimulus Payments: Answers to Frequently Asked Questions

I stand corrected. I was under the assumption it would be added as income for next years return.

[DesertSmoker]

I am now convinced a Rescission is here. This is why.... Rednecks are now talking Economics!..... Just Kidding..... Seriously, the value of our dollar is so low all prices are going up on everything except our pay checks!

[TUDrewser]

Originally Posted by vitalidle

I stand corrected. I was under the assumption it would be added as income for next years return.

I didn't know either...was kinda surprised, actually

[mrnecsteve]

Originally Posted by vitalidle

Right now the speculators are running up the price. With the dollar down more people are investing in oil and running up the price.

I agree and hope they get seriously burned when it tumbles. Remember the Hunt brothers and silver ?

[vitalidle]

Well we certainly have the power to do it, but will we I am going to do my part and make bio or buy a vegistroke this year.

[Snowman66]

There is one good thing about this stimulas package! basicly Nancy Polusi agrees with Bush that more money in your pocket.... or going through your pocket . will grow the economy, Just like the Bush Tax cuts!!

Could this mean that Nancy is for making permanant the Bush Tax cuts? Betcha she would be if Bush was on her team,(a demacrat).

[mrnecsteve]

Originally Posted by vitalidle

Well we certainly have the power to do it, but will we I am going to do my part and make bio or buy a vegistroke this year.

Last time I checked,heating oil was 3.39 per gallon. It was only 5 cents cheaper than road taxed diesel (on the same day) I am going to concentrate
on reducing heating oil use. I will Split more wood,maybe get a coal heater,use the 4cyl escape more often,and use the truck only when needed...possibly for picking up a few ton of coal?

[vitalidle]

Originally Posted by mrnecsteve

Last time I checked,heating oil was 3.39 per gallon. It was only 5 cents cheaper than road taxed diesel (on the same day) I am going to concentrate
on reducing heating oil use. I will Split more wood,maybe get a coal heater,use the 4cyl escape more often,and use the truck only when needed...possibly for picking up a few ton of coal?

Yeah the wood furnice is going to be fired up next year as well. Any little bit helps thats for sure

[alfajay]

Another observation why I think we are in a recession, from a wholesale standpoint, alot of the companies my boss deals with(Georgia-Pac, Boise, Owens-corning, DOW, wayne daulton, ALOT of other similar co.) are liquidating excess stock/inventory. This is supposed to be on of 15 triggers that cause a recession(if my econ prof knew what he was talking about) another big problem is during a recession ppl used to get a home equity line to keep some $$ around, but with the mort. crisis, banks aren't so nice anymore. I also read somewhere that ppl are cashing in more bonds and using 401k money alot more(up 40% from last quarter) So it seems like we are in a recession for at least another 6-8mo.

[Barchetta]

I also think we are in a recession now. But this time I think it's all the analysts and pundits that are fueling this one. Between the oil futures, interest rates, and the dollar value it's not looking too good. And the worst part is that they are all tied together.

Dollar value goes down. Oil goes up. Interest goes down. Money moved out of banks because of poor interest and into commodities. Commodities like oil. Dollar value goes down even less. And then oil goes up again. It's a viscous cycle.