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OFF Topic - World and US Economy?
I wanted to throw this in for a little discussion to see who has any thoughts and who has insight?
So there are 2 or more opinions on this...
For example: Dooms day world economy collapses opinion.
Those that say Buy Gold and Silver, Dollar will collapse etc... Peter Schiff is an example (BTW he predicted the Financial Collapse of 2008) and I saw him when he used to do that and people used to mock him!
Others who say inflation cannot happen. This year will be a great stocks return year etc... (Basing it on people having too much cash reserves on the sidelines and no other real investments other than Stock market for a steady income)
So what are your thoughts?
Do you see a Slowdown in the QA market? Hiring? etc... For example, the company I work for has bad expectations for sales, but continues to hire.
What's happening in your-neck-of-the-woods?
I have an interesting side view of this (for me anyway)
This is about a car. Mini created a limited edition car there are only 1000 of them for the global market. These Mini's are "VERY" expensive when compared a standard Mini. In most markets they went to the cars were a sellout even at the high price.
In the USA which got 142 of the 1000 cars they sat in show rooms unsold other markets most were sold before they even landed in the country.
To me this demonstrates there is an issue with consumer confidence in the USA they had to discount these cars $15000 to sell them! I know a 142 cars is pretty small sample to base an economic principle on but it is an indicator that people in USA are being very carefull with their money.
If consummer confidence remains low and people don't spend them the outlook for the USA is pretty bad.
Mini have another special car on the way with only 2000 being built, they are a bit cheaper than the last special but if they dont sell then it is real statement on the problems with the US economy.
If your curious about the cars I am talking about Google...
Mini Insipred By Goodwood
The economy in my part of the US seems fine. I don't know a lot of QAers who are having any difficulty finding work, we are hiring, our revenues are good, and people seem to be buying plenty of big-ticket items, purchasing homes, etc.
On the other hand I don't know anyone who owns a mini (limited edition or otherwise). Perhaps that's an indicator of something...
I'm along the same (Mini) lines as Joe. My daughter owned a mini for a while, but after burning her leg on the protruding exhaust while loading what passes for a trunk, and struggling to strap a youngster in the back (let alone watching adults fold themselves small enough the GET in the back) she sold it and bought a BMW 328.
I almost never see Minis on the road. I see quite a few (ugly, IMO) Smarts, which shows that some Americans can live with tiny cars. But I think the mini just doesn't fit (any of) the American car market. It is expensive for what it is.
I can't comment on the job market, but as far as the global/American economic situation is concerned, I simply cannot conceive of a total meltdown. We've had two major crashes in the recent decades, both due to absurd investments - one in intangible "dot com," and one in housing. But the intrinsic value of a huge number of companies remains solid, and however bad speculators depress share prices, there will always be people (like me) who see a bargain and snap it up.
I think the few times I've seen them, they have been driven pretty much exclusively by young women (college age, perhaps). Perhaps that's the US target market.
Originally Posted by Peter Ruscoe
The local Irish economy collapsed about five years ago, due to massive failure in the construction and banking sectors coupled with some poor political decisions, which in turn left the economy in debt to the extent we needed a bailout from the IMF. We've had five austerity budgets to date with two more to face, but the economy is slowly turning around. The IT sector is certainly picking up, with quite a few multi-nationals basing their European HQs in Ireland. Realistically, I'd say we're facing another three years of recession here, and we'll still have major problems remaining in terms of legacy debt, and long term unemployment for those without the skills required by the new emergent economy.
We see a lot of small cars over here, but then gas at the pump is about 2.5 times the price in the states, and cars, motor tax, and insurance are also much more expensive. Minis are seen more as a fashion item than a functional vehicle, more female execs than college kids though. College kids cycle by and large, which is no bad thing, and the state is actively promoting cycling as a commuting option where possible. We're also putting on weight at an alarming rate, and diabetes is a major scare for the future in terms of health and economic burden.