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Lodi business leaders, pundits have mixed views on whether recession is finished

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Posted: Tuesday, September 1, 2009 10:00 pm

With information from the Institute of Supply Management saying manufacturing has grown for the first time since January 2008, many experts are suggesting that the worst recession since the Great Depression is coming to a close. What do local entrepreneurs and financial experts think?

Frank Alegre - Operator of Frank C. Alegre Trucking:

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Welcome to the discussion.

4 comments:

  • posted at 10:33 am on Sat, Sep 5, 2009.

    Posts:

    We can't see the corner let alone turn it. This things going on for at least another year, maybe two. Then, it's going sideways unless Washington can get their head out of their ....You can't say we are coming out of a recession until we quit loosing jobs. We continue to lose jobs. You do the math. Solution: Give the billions to small business not big business. If 60% of the jobs arise from the world of small business, that's your fist clue. Take the next 100 Billion they (the Govt) is going to piss away with big business and give it to the little guy.The real estate problem is quite easy to fix. Lower interest rates on 30-year fixed to 3% by using the cheapest money on the planet T-bill money. Isn't their cost of capital the lowest, isn't it fully guaranteed? Everyone who can prove he can pay his current mortgage on time gets the money and every new non-investor first time buyer gets the money. The real estate market would rebound within 8-months.Think about...I am right, yes?

     
  • posted at 9:19 am on Wed, Sep 2, 2009.

    Posts:

    t jefferson. The way I see it, we are still at about a 50-50 chance of either going into an economic depression, or phase two of a ten year long recession.People are wary of cheerleaders, they know from experience that everyone can't be a millionaire by flipping houses and that some day, it will be time to pay your debts. The cheerleaders are hiding out counting their money hoping they can blow another bubble with other peoples money.The solution is to shut down the GSE's as well as FHA. We need to require a minimum of 20% down at at least 8% per year mortgage interest rates. When that happens MOST of us will be able to really afford a house, instead of using the government to take the long term leverage risk. Next we need to take the MLS associations and put them under an independent agency. No more pocket listings and lying on would be allowed on the "sheets". Transparency will clear the fog of obfuscation by our little housing cheerleaders (developers, builders, mortgage finance, appraisers, local taxing authorities and Real estate salesmen.

     
  • posted at 4:24 am on Wed, Sep 2, 2009.

    Posts:

    Wasn't it the HOUSING BUBBLE and unqualified buyers bidding up the prices of houses to BUBBLE levels? Who helped them and promoted the bubble? Hhhmm---lets see house built in 1916. It must be worth at least $400,000, that was five years ago. But that fiction never stopped Real estate salesmen from grabbing their commissions. Oh-0--so prices are dropping. You mean that house WERE overpriced. This is much more than a "small correction". Look at the LAR market charts. It looks like Mr NO money down buyer has lost ALL EQUITY and owes more than the house is worth.This is ALWAYs THE BEST to BUY---is what caused this tragedy. Greed, speculation, using OPM, no income, no credit buyers are still buying, subsidized by TAXPAYERS.When houses drop back down to $65/sq ft (before the bubble price), and the house is not riddled with termites and wood rot it MIGHT be worth it. But only if its not across the street, or on the other side of the fence, from the SEWAGE TREATMENT PLANT.LOL Do I smell something? I see all this activity creating more activity?

     
  • posted at 2:54 am on Wed, Sep 2, 2009.

    Posts:

    Ah yes a virtual plethora of economic giants here. Especially the guy from the university south of Target. Though this place was completely discredited with Snaith and his housing souffle analogy. No the "recession" isn't over, the data is being manipulated by the government to try to make it look better. Get ready for a few more years of tough time. As far as real estate, the 2nd hammer is about to fall...

     
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