Economic Turnaround

financejiro · #1 (**permalink**) 10-29-2008, 04:01 PM

What are the most important aspects of the economy that will turn things around and get us out of this hole? Some 'experts' have said it will bottom out by mid next year...So, the finance/credit situation should be 'patched' up and be more accountable for safe investments/loans i assume by then.

There are 2 areas, at least in CA, that i see that is positive and turning around right now.

1) Real Estate:
Sales have gone up last quarter and this current quarter.
There is an upswing with people taking advantage of foreclosures and
great deals/opps. This is a major i believe for things to turn around quicker. I don't think the rest of the country is doing as well in this department though?

2) Gas Price:
Yesterday, i saw $2.50 at the pump.
This is a major thing for truckers/airlines and everyone else for that matter.
Agriculture/Commute always goes through the central valley (CA).

Any other observations?

fong47 · #2 (**permalink**) 11-02-2008, 01:13 AM

Stocks still very volatile and may continue until next year. The good news is you mention about the price of gas which has come down a lot and this is really nice for anybody who's involve in any kind of transportation business. Taxis, limo service, truckers, etc.. Hope it will be a better 2009.

Rrivers · #3 (**permalink**) 11-17-2008, 11:34 AM

Definitely, but how long will gas prices stay down?

financejiro · #4 (**permalink**) 11-19-2008, 12:28 AM

Quote:

Originally Posted by Rrivers

Definitely, but how long will gas prices stay down?

Thats hard to say. I heard a report on the news that even with lower prices, less people will be traveling during the holiday season. May be the lowest in many years. With that, i've seen $1.98 at the pump.

I've seen some cool electric and battery cars coming but i'm
really liking the new (compressed) air car.

Sponsors