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08-10-2007
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Señor Member
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What's the largest US export to China?
Money - $229 billion per year . . . and the jobs that go with it.
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True Blue . . .
sold the Nauticat
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08-10-2007
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Quote:
Originally Posted by bestfriend
What about those investing in things related to China and their market? I have several friends that are making a killing right now.
CD- I would have to agree with you about the outlying, not so desirable, and second home areas. Tahoe is on its way down. What you can see is that SFR's are coming down slowly. New Condos are staying stable, but that is because they were built with foreign money and they can afford to wait. New building plans have stopped or were canceled. What is being built now was funded and planned a few years ago. Again, more foreign money. Like I said in another thread, the problem is that we don't make anything anymore. We make money by selling each other stuff that is made somewhere else. A tourist economy.
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BF,
THat is EXACTLY what my pop says. Almost word for word. You two know each other???
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08-10-2007
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Best Looking Moderator
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Quote:
Originally Posted by TrueBlue
What's the largest US export to China?
Money - $229 billion per year . . . and the jobs that go with it.
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India is starting to get a bigger chunk of that too. I have MANY clients building facilities in India. I wonder how that settles with the Chinese?
- CD
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08-10-2007
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Hitchin' a ride
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Quote:
Originally Posted by Cruisingdad
BF,
THat is EXACTLY what my pop says. Almost word for word. You two know each other???
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I think somewhere after I turned 40, my brain was removed and a copy of my Pop's was installed. That would account for the resemblance. I think it happened during my colonoscopy. 
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Great men always have too much sail up. - Christopher Buckley
Vaya con Dios
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08-10-2007
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Owner, Green Bay Packers
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Like CD, I find it hilarious that people are concerned about "high" interest rates. For over twenty years of my life, the conventional wisdom was that we may never see 6% rates again. One may give a tip of the hat to the Gipper for putting the ka-bosh on that.
The vast majority of the country did not see a huge run-up in housing pricing. The vast majority of housing loans made were quite managable by the borrowers. Most people are like TrueBlue; if it looks too good to be true, it probably isn't true, and they kept their prior notions of affordability. Florida has been going through this since the invention of the automobile. I think of Florida and it's real estate promises the same way I do Las Vegas.
If one is seriously concerned about the economy, I find the auto industry and manufacturing to be better bellweathers. And it appears the auto industry is turning the corner. In my opinion, people buy houses when things are going well. The auto industry and manufacturing is how things get well. People move in and out of the home building business all the time. We have a surplus of home builders, most of whom were not in business 5-10 years ago, who probably won't be building homes much longer. They'll go back to doing what they were doing before the "demand" for homes went so high. (g) Autos and manufacturing have, of necessity, a longer view.
Two thoughts, stolen from others. "All economic news is bad." If you read the papers or watch the TV you are familiar with such headlines as, "economy grows at record pace, fear of overheating rises". Even good news is bad news. The second thought; "there's no cure for stupid".
The only economic forecast that can be relied upon is history. Over time the stock market is going to average about 10% per annum. How it is going to do it I do not know and I don't trust anyone who says they do. Plan long term, plan conservative, live within your means, and remember that today's business page is tomorow's bird cage liner.
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08-10-2007
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Wandering Aimlessly
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Quote:
Originally Posted by Cruisingdad
India is starting to get a bigger chunk of that too. I have MANY clients building facilities in India. I wonder how that settles with the Chinese?
- CD
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Look at the corporate tax rate here, then look "overseas". There a reason so many companies choose to build elsewhere.
Currently back in New Bern, NC
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Music on the Wind -
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08-10-2007
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Owner, Green Bay Packers
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xort,
I don't know-but I'll guess China!
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“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
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08-10-2007
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Hitchin' a ride
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Well said SWAY. I bought well within my means with a 30 year fixed. I have no worries no matter what the market does. Thanks Pop!
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Great men always have too much sail up. - Christopher Buckley
Vaya con Dios
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08-10-2007
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Mostly Harmless
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Quote:
Originally Posted by sailaway21
Plan long term, plan conservative, live within your means, and remember that today's business page is tomorow's bird cage liner.
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Amen!
"The page at http://www,sailnet.com says:
The message you have entered is too short. Please lengthen your message to at least 10 characters."
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"... the only matter of consequence before me is what I will do with my alloted time. I can remain on shore, paralyzed with fear, or I can raise my sails and dip and soar in the breeze." - Richard Bode, First you have to row a little boat (pg. 94)
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08-10-2007
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Wandering Aimlessly
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One other thing to keep in mind is the 24/7 media, which in the absence of bad news, can distort, twist, or otherwise make good news gloomy.
Currently back in New Bern, NC
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Music on the Wind -
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