windthrown
361 Junkie
Huh... out here in the PNW its all Mexicans taking over the arborist jobs, just like they did in California 10 years ago. They work for cheap. Never mind that the crews are typically not here legally, no one seems to care. Cheap wins.
As for the economy, it is gonna be a bad one in '09 for several reasons. One is that the auto companies are all in the tank. Another is that banks are not lending any money after the bailout (still), and that drives productivity into the tank. No money, no loans... no loans, no building, no expansion... no building, no expansion, no economic growth. Also the second shoe is about to drop in the housing market. The last round was sub-prime laons. Those are all but swept under the carpet now, but the ARM loans are just ramping up to set the higher rate payments. The so-called teaser rate loans that peaked in '04 will reset rates in '09 and '10. So there are 2 more years of housing busts to come. Unemployment is over 8% in the pacific western states now. And climbing.
As for the economy, it is gonna be a bad one in '09 for several reasons. One is that the auto companies are all in the tank. Another is that banks are not lending any money after the bailout (still), and that drives productivity into the tank. No money, no loans... no loans, no building, no expansion... no building, no expansion, no economic growth. Also the second shoe is about to drop in the housing market. The last round was sub-prime laons. Those are all but swept under the carpet now, but the ARM loans are just ramping up to set the higher rate payments. The so-called teaser rate loans that peaked in '04 will reset rates in '09 and '10. So there are 2 more years of housing busts to come. Unemployment is over 8% in the pacific western states now. And climbing.