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You got it backwards buddy. people keep saying there is a recovery but there is not. in the news, the president, they say they recovery this, the recovery, recovery that... eventually people get convinced that there is a recovery. there is not. we're living in the lost decade my friend. new employment matches new entrants into the workforce, this is not growth. the markets have reached equilibrium at a level beneath full employment. A lot of economists are calling this "the new normal". I sure hope its not. if you look at total output, we have just barely reached the total output level of 2007. A recovery would imply that we are back on to where we should have been had the recession not occured.
You see what you want to see. You want to see gloom and doom and you are looking for ways to support it. In this example, you site the news as sending a message of recovery that I have bought hook, line and sinker.
Except I don't watch the news. I don't have television, well, I have hulu, but I watch about 1 hour a week of programming.
I don't count on people to tell me about the economy. I watch it with my own eyes and ears. My example was pretty specific. What I can and can not buy. The fact of the matter is, regardless of what you want to believe, or what the news tells you, is that 5 years ago, I could low ball any one on anything, they needed money, they needed it bad, they were out of work, bills were due, times were tough. Now, people want an arm and a leg, used prices are on the rise. People aren't taking less than asking prices, and their asking prices aren't even reasonable. They will tell you, I don't need nor want to sell this, but it is available to the right buyer. Weather it was a car, jet ski, motorcycle, quad, television, the entire used market has seen a rise. Not just because the SXR is no longer in production, but because they don't need or want to sell it. They have money, so they don't care if it rots away in the garage. 5 years ago, they were begging for someone to take it, now, eh, who cares, we don't need the money so who cares.
W/e your source is, that is great, hope for your portfolio they are spot on. I'm my own source. I watch the behavior of people, average every day people and their behavior. The economy is on a rebound. The housing market is on a rebound.
Now, if you want to talk about the stability of the rebound, that's another story. Our economy is like a girl who spent the last few years crying over her boyfriend, and now she is on the rebound by slamming down the brews lying with whomever, and one morning, she's going to say oh
, what the crap have I been thinking.
The rebound is real. The foundation is not. Our economic rebound is built on twigs and mud rather than something more firm. I agree with you that it is a load of crap, but loose footing does not change the fact that we are standing taller, it just means you better be tying a rope off so impending fall isn't so far.
Prices are on the rise because buyers have money to spend, and sellers have no need to sell. There is no better example of an improving economy than that.
