Economic sentiment 9/09

justbrowsing_IHB

justbrowsing_IHB

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Based on people you regularly interact with, where do you think economic sentiment is right now (today being Sept 24, 2009)?



This is not based on your personal life, or what you see on the masses doing on the internet/TV- this is a gut feel of where you think your family, friends, co-workers, neighbors, and other associates are, averaged out to one multiple choice answer.



Also, this isn't focused on any one thing in particular, such as stocks, housing, gold or ammo (unless you and everyone you know all happen to be completely invested in one area); it's big picture economic outlook.



<img src="http://bigpicture.typepad.com/comments/images/sentiment_cycles.jpg" alt="" />



Edit: Oops, I forgot Denial, a somewhat important option- just pick something close to it.
 
[quote author="justbrowsing" date=1253837368]Based on people you regularly interact with, where do you think economic sentiment is right now (today being Sept 24, 2009)?



This is not based on your personal life, or what you see on the masses doing on the internet/TV- this is a gut feel of where you think your family, friends, co-workers, neighbors, and other associates are, averaged out to one multiple choice answer.



Also, this isn't focused on any one thing in particular, such as stocks, housing, gold or ammo (unless you and everyone you know all happen to be completely invested in one area); it's big picture economic outlook.



<img src="http://bigpicture.typepad.com/comments/images/sentiment_cycles.jpg" alt="" />



Edit: Oops, I forgot Denial, a somewhat important option- just pick something close to it.</blockquote>
I think we are at the "hope" stage but I can totally see things head back down.
 
I don't know... the engineering field is in REALLY bad shape now. I honestly don't think it will recover.... the current administration is more concerned with giving the banks all the money while the whole infrastructrure as well as the engineering fields go down the tubes. Yea... lets outsource our brain power...



douchebags.



-bix
 
[quote author="biscuitninja" date=1253839816]I don't know... the engineering field is in REALLY bad shape now. I honestly don't think it will recover.... the current administration is more concerned with giving the banks all the money while the whole infrastructrure as well as the engineering fields go down the tubes. Yea... lets outsource our brain power...



douchebags.



-bix</blockquote>
A little off topic, but I find this GE aircraft engine commercial funny (I'm assuming those are engineers in the commercial). The look on the one guy's face at the 17 second mark is priceless. haha



<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object>
 
I voted Desperation optimistically. I have not seen much Panic yet, at least how I envision it for the Irvine area. I still see and hear plenty of Denial and a little Fear. A few people I know are showing signs of awareness. No signs at all of Capitulation thanks in large part to government intervention.



While I agree in general with the amplitude and general period of the graph in a normal economic environment, I question how this bailout policy mentality will distort things?
 
[quote author="awgee" date=1253851426]Denial, fear begin to arrive at the end of November.</blockquote>
Put me in Denial too... I vote Anxiety because it seems closer than Fear.
 
ummm... Judging by the number buy buy buy calls I've been getting (which,BTW, were all sell sell sell calls in March) I'd say we are climbing up the top of the roller coaster once again.
 
[quote author="Mcdonna1980" date=1253860215]ummm... Judging by the number buy buy buy calls I've been getting (which,BTW, were all sell sell sell calls in March) I'd say we are climbing up the top of the roller coaster once again.</blockquote>


weeeee!
 
[quote author="Mcdonna1980" date=1253860215]ummm... Judging by the number buy buy buy calls I've been getting (which,BTW, were all sell sell sell calls in March) I'd say we are climbing up the top of the roller coaster once again.</blockquote>
That is called the sheople indicator.
 
Actually, don't know how, but things now are much better than what I was expecting, including the circle of people that I know: friends, relatives, neighbors, coworkers, etc. and if we already went through one the worst periods of this recession, surprisingly, the people that I know survived better this recession than in 2001.



These same people got affected much earlier in the 2001 recession: many lost their jobs, relocated to other cities, states, etc., downgraded cars, reduced expenses dramatically, etc.



I think is time to turn to NEUTRAL, I don't see things getting worse after all the things that already happened.



Now, the US gov. is doing all kind of "miracles" to save the economy, but this "stability" has been stolen from future generations.
 
[quote author="Rocker" date=1253872231]Actually, don't know how, but things now are much better than what I was expecting, including the circle of people that I know: friends, relatives, neighbors, coworkers, etc. and if we already went through one the worst periods of this recession, surprisingly, the people that I know survived better this recession than in 2001.



These same people got affected much earlier in the 2001 recession: many lost their jobs, relocated to other cities, states, etc., downgraded cars, reduced expenses dramatically, etc.



I think is time to turn to NEUTRAL, I don't see things getting worse after all the things that already happened.



Now, the US gov. is doing all kind of "miracles" to save the economy, but this "stability" has been stolen from future generations.</blockquote>


Tax increases and interest rates will be coming sometime soon, so while things may not get worse, i doubt they will be getting much better.
 
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