When i hear the term economic slow down i just laugh.

maybe because i live in southern California (the 7th largest economy in the world) but my personal situation is stronger now that it has ever been.

Let me know what you think..

I must agree. This suppossed economic slowdown has not hurt me one bit.

I like to think of money as we do energy. It can neither be created nor destoyed. When some people lose money, they have to lose it to someone.

Somewhere, right now, someone is getting rich.

It's not hurting me at all

Interest rates are low, and I work for a mortgage company.

Plus, isn't the economy on the rebound?

Mike

Could it be that the economic slow down is just government created..

Follow me...

1. The "Economic Slowdown" began officially in febuary of 2000, that was after the crash of the Nastaq after the tech stocks fell... While i agree that tech stocks were doomed to crash... but it just so happen that the down slide downwards began just days after the Clinton Administration declared war on Microsoft.

2. September 11th had no posotive effect on the Economy no matter what the state of the union was prior to that...

3. now look at where we are today... unemployment is going down, personal income has had the largest increas in June since the 1950's. Consumer confidence is not the best (because the media tells us the world is going to end everyday) but over all we have a very good economic situation.

4. What is wrong with our economy is something that happens just about every 10 years. the Economy and stock market are nto connected. While there is no debate about the economy on the recovery, the stock market seems to be on a downward spiral... this happened in the early 90's as well in the mid 80's and the economy recovered as well as the stock market.

5. Finally there will be a consiterable period of lower stock prices as well as a possible economic slow down.. let me tell you why. Congress and the president just signed the corporate penealty law... this means all CFO's must sign off on the bottom line. well my father is a CFO and he is scared to death... he padded the numbers like crazy to show a mush lower bottom line that he thinks they are at... he doesnt want an investigation... this will lead to most companies releasing less than desired numbers and an economic problem

I don't think the economic slowdown was government created.

While it's easy to pass a lot of our problems off on Clinton(s), I don't think they're to blame on this one.

I don't claim to be a market guru. I own no stocks. But, I do listen to Bob Brinker's Money Talk when there's nothing else on. Also Motley Fool, who I don't really like, and Jim Kramer's Real Money, who is not bad.

Like you said, tech stocks were doomed to crash. Everyone knew it was going to happen. Greenspan had it right when he said "irrational exhuberence".

From what I understand, stocks were just overvalued. Companies weren't turning enough profit to justify their price. People finally caught on, and down we go.

Never to miss out on a chance to poke the Democrats, though, I do have to say that it must be nice to get handed a growing economy. The economy Clinton got was so good, he raised taxes and it didn't even hurt it...for a while. Doesn't it seem like the Republicans take a crummy economy, fix it, and turn it back over to the Democrats for reversal?

Mike

I'm not an market expert either, but all i know is taht everyone i know is ok, but everyone i see on tv (polotitians) is saying how bad everything is.

Do we really want government being our example for business... after such successes as the post office, or DMV?

I can only speak from the perspective of a tech-worker in one of the most tech-concentrated areas in the country (Austin, TX). There has been a major slowdown. It has affected (almost without exception) most of my friends in the industry in addition to myself. Things were starting to look up back in June but that seems to have stalled already.

I’m only talking about the job market here. The stock markets are a whole other bag. For the most part I welcome the down stock market. It was a bubble in need of bursting. And since I personally don’t see myself retiring in the next 20 years, I have a feeling things will recover by the time I’m going to be withdrawing from my 401k.