# Buffett says US in recession + new manufacturing report! **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 3, 2008, 7:22am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331 "2008-03-03T07:22:23Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 7:22am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/1 "2008-03-03T07:22:23Z")
…And I believe in the Buffett. [http://www.reuters.com/article/businessNews/idUSWEN425620080303](http://www.reuters.com/article/businessNews/idUSWEN425620080303) > Buffett said that “from a common-sense standpoint right now, we’re in a recession,” though the U.S. economy has not yet recorded two straight quarters of declining gross domestic product, a traditional indicator of recession. > He said the environment is “nothing like '73 or '74 yet,” referring to a deep economic downturn also marked by rising oil prices, higher inflation and falling stocks. Oon the bright side, there will be a lot of cheap investments on the market :mamoru: ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 3, 2008, 7:26am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/2 "2008-03-03T07:26:21Z")
> [@Nikuk"](#): > > …And I believe in the Buffett. > > [http://www.reuters.com/article/businessNews/idUSWEN425620080303](http://www.reuters.com/article/businessNews/idUSWEN425620080303) > > Oon the bright side, there will be a lot of cheap investments on the market :mamoru: As my dad said. “Hey its like everything will be on sale!” ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 3, 2008, 7:27am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/3 "2008-03-03T07:27:06Z")
I’m glad I’m damn near broke. What am I going to lose, both dollars I have in the market? :mamoru: ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 3, 2008, 7:29am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/4 "2008-03-03T07:29:51Z")
We’ll be fine, Obama’s going to pull us out of NAFTA and all will be good again. Well, except that Canada will then re-negotiate our access to their oil which would cripple us. > **[McCain hails NAFTA and Canada's role in Afghanistan | CBC News](http://www.cbc.ca/news/world/mccain-hails-nafta-and-canada-s-role-in-afghanistan-1.707112)** > > Republican presidential hopeful John McCain reaffirmed his support Friday for the North American Free Trade Agreement, scolding his Democratic rivals for saying they would reopen the 15-year-old treaty. > **[If NAFTA opened, oil could be on table: Emerson | The Star](https://www.thestar.com/news/canada/2008/02/27/if_nafta_opened_oil_could_be_on_table_emerson.html)** > > Trade Minister David Emerson suggested today that if the United States insisted on reopening NAFTA, then it's possible U.S. access to Canadian oil would be back on the table. But saying NAFTA is bad sure makes for a great sound byte doesn’t it? And the worst part is they seem less concerned about the trade issues than the environmental issues. How about we deal with our own energy and polution issues before trying to tell other countries how to deal with theirs. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 3, 2008, 7:29am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/5 "2008-03-03T07:29:55Z")
> [@Fry](#): > > I’m glad I’m damn near broke. What am I going to lose, both dollars I have in the market? :mamoru: Yea im getting to the point where im starting to consider pulling some out and just putting down more on the house. But most of my money im leaving in and will “ride it out”. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 7:30am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/6 "2008-03-03T07:30:17Z")
> [@Fry](#): > > I’m glad I’m damn near broke. What am I going to lose, both dollars I have in the market? :mamoru: You’ll definately lose those… when inflation bloats up, animal herd feed cost increases, industrial processing cost swells because of the increase in fuel cost… You see what I’m saying? ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 7:31am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/7 "2008-03-03T07:31:12Z")
> [@JayS](#): > > We’ll be fine, Obama’s going to pull us out of NAFTA and all will be good again. > > Well, except that Canada will then re-negotiate our access to their oil which would cripple us. > > [McCain hails NAFTA and Canada's role in Afghanistan | CBC News](http://www.cbc.ca/world/usvotes/story/2008/02/29/mcain-nafta.html) > > But saying NAFTA is bad sure makes for a great sound byte doesn’t it? Dude, bro, this wasn’t an Obama thread. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 3, 2008, 7:33am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/8 "2008-03-03T07:33:43Z")
> [@Nikuk](#): > > Dude, bro, this wasn’t an Obama thread. Sorry, right… old rich guy says we’re in recession. Yep, agree. Now lets discuss how to make it a short small one, not a huge damaging one. 🙂 ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 3, 2008, 7:35am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/9 "2008-03-03T07:35:08Z")
Take over Venezuela? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 3, 2008, 7:38am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/10 "2008-03-03T07:38:24Z")
> [@Nikuk](#): > > You’ll definately lose those… when inflation bloats up, animal herd feed cost increases, industrial processing cost swells because of the increase in fuel cost… You see what I’m saying? Shit gets expensive? ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 3, 2008, 7:38am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/11 "2008-03-03T07:38:46Z")
> [@JayS](#): > > Sorry, right… old rich guy says we’re in recession. Yep, agree. Now lets discuss how to make it a short small one, not a huge damaging one. 🙂 So i was thinking all day about a plan to fix the problem and here is what i concluded. Everyone should max out their credit cards buying stuff that they dont need and cant afford to srimulate the economy. Then with all of the moey entered in the market the trickle down effect will wash out any possible consequences. Wait…WAT! ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 3, 2008, 7:39am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/12 "2008-03-03T07:39:38Z")
Inflation is the answer. It effectively makes all of our debt smaller, right? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 3, 2008, 7:43am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/13 "2008-03-03T07:43:21Z")
> [@cougarspeed](#): > > So i was thinking all day about a plan to fix the problem and here is what i concluded. Everyone should max out their credit cards buying stuff that they dont need and cant afford to srimulate the economy. Then with all of the moey entered in the market the trickle down effect will wash out any possible consequences. Wait…WAT! You might be on to something there. Let an industry grow out of control while being poorly managed. Then when it seems like there is no way to fix it, have the government take it over. You know, like health care. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 7:46am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/14 "2008-03-03T07:46:07Z")
> [@JayS](#): > > You might be on to something there. Let an industry grow out of control while being poorly managed. Then when it seems like there is no way to fix it, have the government take it over. You know, like health care. or residential mortgages? > [@JayS](#): > > Sorry, right… old rich guy says we’re in recession. Yep, agree. Now lets discuss how to make it a short small one, not a huge damaging one. :walter: ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 3, 2008, 7:46am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/15 "2008-03-03T07:46:34Z")
> [@JayS](#): > > You might be on to something there. Let an industry grow out of control while being poorly managed. Then when it seems like there is no way to fix it, have the government take it over. You know, like health care. So you are saying when you go to pick up your universal health care card you should get a plasma too!!! Or with the money saved on health care buy a plasma for every room AND A NEW CAR!!! ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 3, 2008, 7:48am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/16 "2008-03-03T07:48:42Z")
> [@cougarspeed](#): > > So you are saying when you go to pick up your universal health care card you should get a plasma too!!! Or with the money saved on health care buy a plasma for every room AND A NEW CAR!!! Everyone should already have a plasma though. They were supposed to go out and buy them on their credit cards the day they heard about the economic stimulus check they were getting. So put the 2nd plasma in the bathroom, or make a coffee table out of it or something. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 7:51am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/17 "2008-03-03T07:51:57Z")
> [@Fry](#): > > Shit gets expensive? yarrr… trickle down of a different means. > [@cougarspeed](#): > > Yea im getting to the point where im starting to consider pulling some out and just putting down more on the house. But most of my money im leaving in and will “ride it out”. Now is the time to pull out of dead end investments, and pick up some cheap / value investments… since its all play money. > [@JayS](#): > > Sorry, right… old rich guy says we’re in recession. Yep, agree. Now lets discuss how to make it a short small one, not a huge damaging one. 🙂 Okay, you’re not as old, nor as rich… how do we fix it? Other then the US taxpayer subsidized LCD TV plan. :roll2: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 3, 2008, 8:04am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/18 "2008-03-03T08:04:26Z")
> [@cougarspeed](#): > > Yea im getting to the point where im starting to consider pulling some out and just putting down more on the house. But most of my money im leaving in and will “ride it out”. Now is the time to pull out of dead end investments, and pick up some cheap / value investments… since its all play money. > [@JayS](#): > > Sorry, right… old rich guy says we’re in recession. Yep, agree. Now lets discuss how to make it a short small one, not a huge damaging one. 🙂 Okay, you’re not as old, nor as rich… how do we fix it? Other then the US taxpayer subsidized LCD TV plan. :roll2: ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [March 3, 2008, 8:04am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/19 "2008-03-03T08:04:52Z")
But, but… Bush said it’s only a “slowdown.” [http://hosted.ap.org/dynamic/stories/B/BUSH\_BERNANKE?SITE=VTBEN&SECTION=HOME&TEMPLATE=DEFAULT](http://hosted.ap.org/dynamic/stories/B/BUSH_BERNANKE?SITE=VTBEN&SECTION=HOME&TEMPLATE=DEFAULT) I can’t wait for my distraction, er… stimulus check! ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 3, 2008, 8:12am UTC](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331/20 "2008-03-03T08:12:59Z")
> [@Nikuk](#): > > yarrr… trickle down of a different means. > Now is the time to pull out of dead end investments, and pick up some cheap / value investments… since its all play money. > Okay, you’re not as old, nor as rich… how do we fix it? > > Other then the US taxpayer subsidized LCD TV plan. :roll2: I wouldnt like to call any of my money “play” money i work too hard for that. All play money wtf im damn sure not all of my money is “play” money. As most people with a good balanced portfolio i have a certain amount i would call “high risk” and with that i will move it around as i see fit. Shit if i know how to fix it. If i had those kind of answers i wouldnt be sitting over here right now. But IMO americans just need to stop living beyond their means. Untill that stops we will continue to have these issues. [Next page](https://forums.speedlife.net/t/buffett-says-us-in-recession-new-manufacturing-report/44331.md?page=2)