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RE: How Are You Coping with the Recession? - 6/22/2008 7:28:57 AM

SweetNika

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I down sized to a smaller apartment half the rent and the BG&E is alot less as well.

I put off buying a new car (or simply new to me) because although I could afford it keeping it on the road with gas prices might me a stretch.

We grill almost nightly to save on BG&E. (that is my excuse anyways)

I try to go to the grocery store only 2xs a month verses weekly so I am buying meat in bulk and breaking it down.

< Message edited by SweetNika -- 6/22/2008 7:41:49 AM >

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RE: How Are You Coping with the Recession? - 6/22/2008 7:38:25 AM

pinkieplum

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quote:

ORIGINAL: KatyLied

I work two jobs and I don't feel particularly hard hit. Yet. My eldest has moved back home and is unemployed. As a result I'm spending a lot more on food than usual. To compensate I've reduced, drastically, the amount of meals/lattes I buy at restaurants/delis. This has made a big difference. I may not feel so comfy, starting in July, when his student loans come due, if he isn't working at that point I will have to scrape up the money to pay those. I hope he gets a job and soon.

edit, grammar

Aw Katy, that's really hard. i hope he finds suitable employment and can afford his own place. i have some experience with student loans -- though there are loan programs now that did not exist when my UM was an undergrad -- and i am acquainted with options like forebearance that might ease things for you.

Lemme know if i can help.

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RE: How Are You Coping with the Recession? - 6/22/2008 7:57:33 AM

KatyLied

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Thank you for the offer. He will be okay as soon as he finds employment. It's difficult for me to watch him, as a parent, struggle with interviews and get excited then not get called for the second round or to receive the rejection letters. I do enjoy having him back home though, as I've had an empty nest for a few years and I'm enjoying cooking for him and doing things together and he's a big help. He's getting bored now and will take any sort of job until he finds one in his field.

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RE: How Are You Coping with the Recession? - 6/22/2008 8:08:12 AM

servantforuse

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The liberal media in this Country has been using the dreaded 'R' word for over two years now. The economy is slow now but we ARE NOT in a recession. Certain things have to happen before it is a recession ( 2 or more consecutive quarters of 0 or negative growth for one ) and they haven't. The democrats don't want a turnaround until the November elections...

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RE: How Are You Coping with the Recession? - 6/22/2008 8:15:03 AM

ElectraGlide

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I have not felt a Recession yet, I was working 68 hours per week, now I am doing 76 hours this week. People must be buying appliances. The only things I have noticed different are the price at the gas pump of course and the rising cost of groceries. Bread dont cost a buck a loaf anymore, lol, its like $ 3.50 a loaf.

I have always worked a lot of overtime, so I have not changed much to cope, time management is always crucial, which saves money. I make one trip to get all my shopping done, not 5 trips, lol. I shop on the way home from somewhere else. I may be tired and not want to shop, but it is better then leaving again later to get it done.

I always do local things like a simple walk in the woods with the dog, it dont cost much and is relaxing.

I am a E-Bay Dealer { david3764 } and I have cut back on my items for sale. I was putting 25 things a week on and selling 20 to 22 of them. Last week I had 22 items on and sold only 4 of them. I still pay for the ads whether they sell or not. I guess people are putting their fun money in their gas tanks instead of buying antiques and collectibles. Its a buyers market now, on a lot of things if you dont need it, it wont sell high. People are getting bargain buys on antiques and they will sell later for higher, when the market is better, thats the name of the game.

http://search.ebay.com/_W0QQfgtpZ1QQfrppZ25QQsassZdavid3764

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RE: How Are You Coping with the Recession? - 6/22/2008 8:35:09 AM

xxblushesxx

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"For months, economists have debated whether the United States is headed toward a recession. Today, there is no doubt. The severe liquidity and credit crunch from the subprime mortgage bust is now spreading to broader credit markets, $100 barrels of oil are squeezing consumers and unemployment continues to climb. And with the housing market melting down, empty-pocketed Americans can no longer use their homes as ATMs to fund their shopping sprees. It’s time to face the truth: The U.S. economy is no longer merely battling a touch of the flu; it’s now in the early stages of a painful and persistent bout of pneumonia."

http://jacksnewswatch.com/2008/03/04/roubini-the-coming-financial-pandemic/

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RE: How Are You Coping with the Recession? - 6/22/2008 9:17:36 AM

MzMia

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quote:

ORIGINAL: xxblushesxx

"For months, economists have debated whether the United States is headed toward a recession. Today, there is no doubt. The severe liquidity and credit crunch from the subprime mortgage bust is now spreading to broader credit markets, $100 barrels of oil are squeezing consumers and unemployment continues to climb. And with the housing market melting down, empty-pocketed Americans can no longer use their homes as ATMs to fund their shopping sprees. It’s time to face the truth: The U.S. economy is no longer merely battling a touch of the flu; it’s now in the early stages of a painful and persistent bout of pneumonia."

http://jacksnewswatch.com/2008/03/04/roubini-the-coming-financial-pandemic/

Christina, we are beyond recession---we are heading downhill to a depression.
The next depression will be very different than the last depression, of the 30's,
Grapes of Wrath/John Steinbeck/Tom Joad, etc.
The Grapes of Wrath - Wikipedia, the free encyclopedia

Of course the "government" is not going to "tell" us everything, if you wait for the
"government" to announce we are slipping into a recession/depression, we will certainly
be past that point. I always marvel at those that say they don't trust the government, but only
believe what the government tells them publically.
http://hubpages.com/hub/Why-this-Recession-will-be-Severe-

< Message edited by MzMia -- 6/22/2008 9:33:30 AM >

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RE: How Are You Coping with the Recession? - 6/22/2008 11:58:21 AM

KatyLied

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I want to thank those who pm'd me regarding my son's student loans. He's going to check and see if a deferrment is possible. I was so caught up in the drama of money and him not working that I completely forgot that this may be an option for him.

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RE: How Are You Coping with the Recession? - 6/22/2008 1:22:09 PM

fluffyswitch

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quote:

ORIGINAL: KatyLied

I want to thank those who pm'd me regarding my son's student loans. He's going to check and see if a deferrment is possible. I was so caught up in the drama of money and him not working that I completely forgot that this may be an option for him.

have him talk to his financial office as well. mine's been quite helpful trying to figure out how to defer my loans because of administrative gobbly-gook with class scheduling (my credits are sort of in a grey area right now).

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RE: How Are You Coping with the Recession? - 6/22/2008 4:14:27 PM

Griswold

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quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: PainSmith

It's odd, not all industries are affected by it. My industry is running short of people, not jobs.

I guess Europe is in a different economic state to the US. All the same, there is a dramatic slowdown here in the construction industry in some countries, including Ireland.

Is the computer industry resilient in the US, or is the recession biting there too?

Painsmith, oh it's resiliant alright, they can't get enough "H1b" visa workers to hire at $25k per year to replace the American workers who were making $100k per year!
And Bill Gates told our congress a few weeks ago that he'd like to see "unlimited" amounts of "H1b" visas!

Find me one H1b Visa tech hire who's making 25k a year, and I'll pay his wages.

People coming in on H1b Visas are regularly asking...and getting...70k and higher to start.

The reason (and the ONLY reason) these people are "coming over here and 'stealing' American jobs" Popeye, is for the very simple reason that not enough American people are willing to stick it out in college to get the necessary skills related to attain those tech positions.

When they do, you can rest assured, American companies will pay THOSE people 70k, and possibly even more...since they already know all the roads, speak English, won't have to go through 3 months of acclimation, and....oddly enough, American hires are a better bet for these tech company's, because a fellow who was raised in Iowa, Vermont, Seattle, Santa Barbara or even Nantucket....is a whole heck of a lot less likely to move back to India, Taiwan, or China after we teach them everything we know and start a competing company.

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