PrePaidGSM.net Forum (Archived)


Reply
 
Thread Tools Search this Thread Display Modes
Old
  (#1)
DRNewcomb (Offline)
Senior Member
Prepaid Professionist
 
Posts: 1,465
Join Date: 27 Feb 2004
Location: Mississippi, USA

Country:
Default How's your economy? - 13-10-2008, 13:31

Since this is a very diverse, international group, I was just interested in your opinion of the economy where you live. Everyone here in the US is in a panic. Headlines read, "Fear grips the market!" I'm not sure how much of this is based on real, fundamental problems and how much is just panic for panic's sake. I've seen stocks go up and down for many years, but never felt like investing. It's not rational. It seems like the stock market operates like something between a teen-age boy and a menopausal woman; all emotions and hormones and no brains. However, right now I'm getting ready to move some of my savings into stocks. I've seen it before, when there's blood in the gutters and panic in the streets is a good time to buy.

What do you think?
   
Reply With Quote
Old
  (#2)
PhotoJim (Offline)
Senior Member
Prepaid Expert
 
Posts: 389
Join Date: 10 Dec 2006
Location: Regina, SK, CA

Country:
Default 14-10-2008, 04:29

Canada is concerned, but we have some real dichotomy here. Ontario is in serious trouble with its manufacturing sector seeing significant contraction. Conversely, Alberta and Saskatchewan are absolutely booming. Real estate prices in Saskatchewan are at record highs (they are retreating slightly in Alberta after a few years of record increases), but jobs are plentiful. Employers have been advertising on billboards and on radio for people to apply for jobs, which I think speaks volumes. (I had never run into that before the boom started.)

The Bank of Canada is, of course, screwed. Lowering interest rates helps things where they're hurting but pours gasoline on the booming provinces' economies.

Luckily, I live in Saskatchewan and not Ontario.


CA: SaskTel, Wind postpaid; Rogers, Bell postpaid iPad flex plans; US: T-Mobile postpaid data, prepaid voice; PureTalk (AT&T MVNO) prepaid voice/data; AT&T prepaid iPad plan

Hardware: Too much but notably iPhone 5, iPad Mini Retina LTE, Moto G LTE (N.A. version), iPhone 4. All unlocked.
   
Reply With Quote
Old
  (#3)
AdmiralAK (Offline)
Senior Member
Prepaid Fan
 
AdmiralAK's Avatar
 
Posts: 190
Join Date: 19 Jul 2004
Location: Who knows?!

Country:
Default 07-12-2008, 15:22

Quote:
investing. It's not rational. It seems like the stock market operates like something between a teen-age boy and a menopausal woman; all emotions and hormones and no brains.
LOL @ DRNewcomb

When I was finishing up my MBA and I was taking finance classes (3 years ago), I always shook my head and buried my face in my palms with my classmates talking about investing in some of the things that got us in trouble...


Club Admiralty - website with stuff about me
Current Prepaid: None
Older Prepaid: AT&T wireless; TracFone; Telestet; Vodafone GR; Fido; SFR; T-mobile US; Tuyo, Cosmote
Postpaid: at&t
   
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
vBulletin Skin developed by: vBStyles.com
© 2002-2020 PrePaidGSM.net