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Our economy is becoming more efficient. Losing jobs is the result. It’s not necessarily a bad thing.
-J.
Unless your the one losing your livelihood. You say that you lose a job and get another and life goes on… Wow what a statement. If I lose my job, I will get another, but I lose all my pay increases starting over at the bottom and I lose all the benefits and perks that I worked a long time for.
Your time and experience doesn’t make you more valuable to a new employer? If you aren’t making yourself and more valuable to your employer, then do you deserve the extra pay and added benefits? Why should they pay your more and commit more resources to your employment if anyone off the street can come in and do the same work for less?
Jon, I think if you asked the people who have lost jobs their ovservations might be a little different than yours. I think you would be well served by salting your economic views with a little empathy 
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If I lose my job, I will get another, but I lose all my pay increases starting over at the bottom and I lose all the benefits and perks that I worked a long time for.
Usually that happens with factory jobs and employment where anyone can fill their positions and they have set scales for wages, vacation, and benefits. Besides those jobs, you should be able to sell yourself to a higher standard and negotiate your wages, vacation, and benefits.
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Jon, I think if you asked the people who have lost jobs their ovservations might be a little different than yours. I think you would be well served by salting your economic views with a little empathy
Not to sound non-empathetic, but if you ask new college grads or someone in an expanding industry, you will get a different view as well.
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I guess I work 51 weeks for a 1 week family vacation to Canada. We put a little away every month and we operate a Softball Concesion stand for a couple months. (..lots of work but the profits are ours) With Teens , we are already strapped , so we will just throw an extra few bucks every 2 weeks in the can. Recession and high gas prices wont take away our family vacation. Our dollar sucks , but it will come back . Just my $.02
That’s the kind of Answer I was looking for! I could care less if we are in or going to have a recession! What I meant by my question was….( and maybe I worded it wrong)How long and how far are you willing to drive if money was tighter than it was last year???? 
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If I lose my job, I will get another, but I lose all my pay increases starting over at the bottom and I lose all the benefits and perks that I worked a long time for.
Usually that happens with factory jobs and employment where anyone can fill their positions and they have set scales for wages, vacation, and benefits. Besides those jobs, you should be able to sell yourself to a higher standard and negotiate your wages, vacation, and benefits.
I am in law enforcement so not just anyone can fill a position. If I go to another agency I may be able to negotiate a pay step or two increase at starting, but everything else starts over. Seniority is a big thing, vacation time, working nights weekends, and holidays etc.
Now that I am way off topic I will let it go here 
Good post got people talking…
NOW how has the fishing been 
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Jon, I think if you asked the people who have lost jobs their ovservations might be a little different than yours. I think you would be well served by salting your economic views with a little empathy
I can assure you that if I lost my job for any reason, attrition, out of business, fired, whatever, the last thing I want is anyone’s empathy. My mindset and many who are like minded, that feeling would never cross our minds. It is what it is, move on. Those negative thoughts and feelings only hold people down. Looking for blame or someone else to be accountable? Look in the mirror!
Every job I have ever had and lost has only open up better opportunites, more money and more enjoyment. That is exactly what I would tell anyone who just lost thier job or is un-employed right now. You are living in the greatest country in the world at the best time ever in history! This is it!
-J.
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If I lose my job, I will get another, but I lose all my pay increases starting over at the bottom and I lose all the benefits and perks that I worked a long time for.
Usually that happens with factory jobs and employment where anyone can fill their positions and they have set scales for wages, vacation, and benefits. Besides those jobs, you should be able to sell yourself to a higher standard and negotiate your wages, vacation, and benefits.
Maybe if they had an education they would have more flexibility and be more employable. That makes common sense though, so maybe we should count that one out. …..I went to college so I guess I wouldn’t know what common sense is.
As far as the economy goes. The fed will continue to be more accomodating. As cheap money is put to work the recession (If there is one) should be short lived. We have to remember that our unemployement is still at very low levels. We are still in the process of transferring from a manufacturing to a technological society…people lose their jobs and in time are retrained in a different field. Hopefully that time is a pain free as possible.
As far as unions go. They serve their purpose for all of us, not just those who are taking part in the union. The raises given at the company I work for are in direct correlation to the negotiated pay increases the union receives.
I’m off my soap box now….
Chapper, when are we going fishing again! Send me a PM….I have some thoughts
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I can assure you that if I lost my job for any reason, attrition, out of business, fired, whatever, the last thing I want is anyone’s empathy. My mindset and many who are like minded, that feeling would never cross our minds. It is what it is, move on. Those negative thoughts and feelings only hold people down. Looking for blame or someone else to be accountable? Look in the mirror!
Every job I have ever had and lost has only open up better opportunites, more money and more enjoyment. That is exactly what I would tell anyone who just lost thier job or is un-employed right now. You are living in the greatest country in the world at the best time ever in history! This is it!
-J.
I agree. To paraphrase JFK, “Ask not what your company can do for you, rather ask what can you do for your company”!
I am not throwing gas on this fire… 
But I would like to offer this little observation. I have been in the Printed Circuit Board Industry gor going on 30 years now. My industry is one of the first to see a recession. And when it does, we crash like a rock off a cliff! Circuit boards are the backbone of almost all electronic products. Gone are the days of carrying inventory. So when the biz stops…we stop! Much of our biz has been outsourced to China. We lost a ton of production companies across the country. Now China is starting to reach capacity and biz is coming back. (Not to mention Quality issues.) The companies that remained here in the US are extremely healthy. People are investing in equipment which is extremely expensive. And right now business is booming! I have customers here in the Midwest setting sales and production records at good margin! (Profit.) Buisness is growing at a fast but sustainable rate. Much of the business is the medical field, and aerospace. Products that MUST be sourced here in the US. This has been spawning new businesses to support this once dying industry. Now to my point…we are the grass roots…ground floor if you will. We experience our ups and downs at opposite ends of the spectrum than most do. There is often a lag before and after our peaks and valleys that the consumer does not see for a period of time. When the housing boom took off…our buisness was slowing. Plumbers, electricians, carpenters were all busy working on projects with long lead times. When those jobs wound down…there was nothing to replace it. Car sales screached to a halt! It is an inchworm effect. Everything upstream…When it slows down gets rammed from behind by everything following it up. We are going through the inchworm effect right now in my humble opinion. I am not an economist and could not argue my way out of a wet paper sack against many of you here. 
But I offer 30 years of seeing the “Same thing” as I am seeing right now.
Right now we are busy! 
If that means what it has historically meant…better things are to come. It maybe Q3…but it is coming. 
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I am not throwing gas on this fire…
But I would like to offer this little observation. I have been in the Printed Circuit Board Industry gor going on 30 years now. My industry is one of the first to see a recession. And when it does, we crash like a rock off a cliff! Circuit boards are the backbone of almost all electronic products. Gone are the days of carrying inventory. So when the biz stops…we stop! Much of our biz has been outsourced to China. We lost a ton of production companies across the country. Now China is starting to reach capacity and biz is coming back. (Not to mention Quality issues.) The companies that remained here in the US are extremely healthy. People are investing in equipment which is extremely expensive. And right now business is booming! I have customers here in the Midwest setting sales and production records at good margin! (Profit.) Buisness is growing at a fast but sustainable rate. Much of the business is the medical field, and aerospace. Products that MUST be sourced here in the US. This has been spawning new businesses to support this once dying industry. Now to my point…we are the grass roots…ground floor if you will. We experience our ups and downs at opposite ends of the spectrum than most do. There is often a lag before and after our peaks and valleys that the consumer does not see for a period of time. When the housing boom took off…our buisness was slowing. Plumbers, electricians, carpenters were all busy working on projects with long lead times. When those jobs wound down…there was nothing to replace it. Car sales screached to a halt! It is an inchworm effect. Everything upstream…When it slows down gets rammed from behind by everything following it up. We are going through the inchworm effect right now in my humble opinion. I am not an economist and could not argue my way out of a wet paper sack against many of you here.
Right now we are busy!
Thanks Chris…..Good Perspective!
So your saying Chris, I made some poor choices….. started in the circuit board industry…. 
went to manufacturing…. now I am in the Auto business Like JJ says, with every job that I took, I upgraded for sure. If I lost my job tomorrow, I would be looking tuesday, for somewhere to get my foot in their door, then dazzle them and make more money than before That’s just my attitude, which I am sure helps me more than hurts me.
big g
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The cost of goods/food is going up because corn is at 5.50/bu, soybeans are at 15/bu, wheat is almost $20/bu.
The only thing I will say in this post is check your facts. DTN shows cash bids for corn at $4.95, beans at $13.22, winter wheat at $10.95, and spring wheat at $18.92.
Not one of your numbers matches the market. I am very interested as to where you got your numbers from. If it is a secret, feel free to share it in a pm.
Well;
skippyity-do-da me mr marketeer.
I was off a few pennys. Much more than your market is paying.
I got my numbers straight from Chicago…..
$5.35 for corn
$14.38 for soybeans
Sheesh……
“”Quote” “You are living in the greatest country in the world at the best time ever in history! This is it!
Greaat statement! I once asked my Grandmother to tell me about the ‘good’ol days, and she kind of shoke her finger at me and said, ” these are the good ‘ol days, not those past! We never worked so hard for so little!” She was so right.
I’ll save a few bucks on vacation this year because the ‘party’ comes here. Next year, it may be in Idaho! See, I have a brother there, and another in Western Nebraska. We rotate where we’re getting to gether to fish. I look forward to it evry year, and don’t see it as economics. Life is good. 
hmmm……Chicago only has wheat at 10 and change right now. Thats only off a few pennies? 
I work at a grain elevator, I see what the markets are doing every day, many times a day. These prices will not last and the bottom will fall out.
Are you talking about the same prices? One might be quoting a spot price while another might be quoting the futures (esp since he named the Chicago Merc).
He is talking futures, while I was showing cash bids.
Due to our own self-induced dilemma (two mortgages) money is tight in our family. $3 gas will keep up close to home. We’ll be limited to fishing Kab/Namakan a few times a month all season long…… 
Boy do I like living back home…..
Tim
Yes I was talking futures, not cash bids at the local elevator. Not that there is anything wrong with that. The market is driven on futures today.
Skippy, why do you think these prices will fall out? Of course, sometime in the future, they may come down. However, my belief is that with the current demand for corn on eythanol, there will be little change. I’m assuming you get exposure to this every day?
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With the Recession looming, How far are people going to be willing to drive for Vacation? Will they be staying instate?
Billy Bob and Luther were talking one
afternoon when Billy Bob tells Luther,
‘Ya know, I reckon I’m ’bout ready
for a vacation. Only this year I’m
gonna do it a little different.
The last few years, I took your advice
about where to go. Three years ago you
said to go to Hawaii . I went to Hawaii
and Earlene got pregnant.
Then two years ago, you told me to go to
the Bahamas ,and Earlene got pregnant again.
Last year you suggested Tahiti and darned
if Earlene didn’t get pregnant again.’
Luther asks Billy Bob, ‘So, what you gonna
do this year that’s different?’
Billy Bob says, ‘This year I’m taking Earlene with me.
I don’t have a lot of evidence that it will drop out, its just that the prices have been going real strong lately and it is bound to turn around. I’m not saying its gonna go back to $5 a bushel for beans or anything, but I just have a hard time believing that it will stay in the high 12’s to low 13’s like it has been.
On an added note though, the market is wild today and both corn and beans were up a lot when I left for dinner. It’ll be interesting to see where it closes.
If only you and I would have bought futures?
It is funny, people are worried about gas costing $4-5, but they sure arent running out and buying gas futures at current prices.
It is always easier to do nothing and complain later than act today.
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I am not throwing gas on this fire…
But I would like to offer this little observation. I have been in the Printed Circuit Board Industry gor going on 30 years now. My industry is one of the first to see a recession. And when it does, we crash like a rock off a cliff! Circuit boards are the backbone of almost all electronic products. Gone are the days of carrying inventory. So when the biz stops…we stop! Much of our biz has been outsourced to China. We lost a ton of production companies across the country. Now China is starting to reach capacity and biz is coming back. (Not to mention Quality issues.) The companies that remained here in the US are extremely healthy. People are investing in equipment which is extremely expensive. And right now business is booming! I have customers here in the Midwest setting sales and production records at good margin! (Profit.) Buisness is growing at a fast but sustainable rate. Much of the business is the medical field, and aerospace. Products that MUST be sourced here in the US. This has been spawning new businesses to support this once dying industry. Now to my point…we are the grass roots…ground floor if you will. We experience our ups and downs at opposite ends of the spectrum than most do. There is often a lag before and after our peaks and valleys that the consumer does not see for a period of time. When the housing boom took off…our buisness was slowing. Plumbers, electricians, carpenters were all busy working on projects with long lead times. When those jobs wound down…there was nothing to replace it. Car sales screached to a halt! It is an inchworm effect. Everything upstream…When it slows down gets rammed from behind by everything following it up. We are going through the inchworm effect right now in my humble opinion. I am not an economist and could not argue my way out of a wet paper sack against many of you here.
Right now we are busy!
I am in a related field. In fact we may buy circuit boards from you???
We build burn in systems and burn in boards for testing computer chips.
Most of our business right now is from Asia.
I’m wondering if the weak dollar is making it easier for foreign companies to buy American made capital equipment???
We have been working overtime since last August and it looks like we are on track to have our best year yet.
It does suck getting kicked in the pants every time I buy gas or groceries though. 
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I’m wondering if the weak dollar is making it easier for foreign companies to buy American made capital equipment???
I’d say yes. Exporting has gone up and tourists from other countries visiting the U.S. is up as well.
Ask this question again just before Memorial day when gas hits 4 dollars a gallon. 4 dollars a gallon
And then again when that cost is passed on to consumers in higher prices for transported goods.
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