Economy Getting Better?

[McGeesEquip]

With our stock market starting to see highs in the 12,000's marks does this mean that our economy is starting to look better?

Sadly, this week I've been getting notices from manufactures that with the price increases with steel and raw material we will be seeing additional price increases real soon.

With steel and fuel prices on the rise, it sure looks like inflation will also be going up with the stock markets.

If someone had thoughts about purchasing new equipment I don't think waiting for better weather would be the best time. I have heard that we could be seeing better then a 5% price increase real soon. That is on the low side increase. I have been getting notices in the mail from manufactures that has held back prices increases since 2008 and they are now going to have to let inflation out of it's cage.

 

[jonyyuma]

I would bet on the increases, being let out of the bag... all of our material is climbing..

 

[Markcuda]

I heard the recession ended in June,2009:laughing:

 

[/pine]

...With our stock market starting to see highs in the 12,000's marks does this mean that our economy is starting to look better?...

many speculators think we are seeing the mother of all "dead cat bounces" in the stock market and that the economy will indeed fall back for a second (double) dip....

...the looming inflation is/was as predictable as the sun rising in the East...

 

[bigbull338]

no it wont get better anytime soon.because of the high unemployment an the job layoffs.even if it got better,the gas will go up an suck it dry again.an then people with get further behind.scrapp iron is going up again as well.

 

[EddieWalker]

The Dow is only measured on the business's that are listed on it. All the dead weight has been removed to raise the averages of what's left. It does not reflect the economy or the larger business's that have been removed from it.

Look at fuel prices and the govenrments move to close off exploration and new drilling. There is no incentive for business to gamble on the future and risk financial ruin by expanding or hiring new employees. Inflation is on the rise and I don't see anything that will check that right now. Higher prices and fewer jobs. Add an increase in taxes and it just gets worse for the economy. Add a fear of consumers to go into debt and banks that don't want to take any risk because of all the bad debt out ther already, and it just gets worse.

Eddie

 

[955er]

I was checking out at the grocery store yesterday and the cashier asked me if I wanted the bunch of grapes I had. I said, "why not?" She then said, "They are $8.50. Just thought you should know." I thanked her and she put the grapes aside.

Bottom line: Everything we want is cheaper than ever. Everything we need is going through the roof.

Nobody can tell me that there is no inflation. Cotton is up over 100%, Copper is closing in on $5, and food prices are up 40% in the past year. I don't care if semiconductors are half the cost of a year ago. I can't eat semiconductors, plasma TVs, or X-Box 360s.

 

[greg_g]

The Bush administration didn't do us any favors, but the Obama administration has the economy in a tailspin. The so-called "indicators" are smoke and mirrors. Unless and until the business sector is released from oppressive governmental financial and regulatory restraints, it's not gonna get any better.

Simple algebraic formula: USA - Obama = financial recovery

//greg//

 

[MoKelly]

no it wont get better anytime soon.because of the high unemployment .

I agree with this comment 100%.

MoKelly

 

[bigbull338]

heres something to think about.most of us here are looking at new tractors an equipment.an yes the prices go up from year to year.but if the economy in a tailspin the dealers arnt moving much new equipment.so when you make them an offer on a tractor most will jump on it.so they can move the equipment.