How much longer...

[Okla-homey]

can our little island of peace and prosperity (occasionally interrupted by an illicit meth lab explosion) last before the economic morass being experienced in most of the other 49 states sneaks in and gets us?

:pop:

[tommieharris91]

It's been here since the oil bubble popped. :confused:

[yermom]

times are probably a little easier when your wife works in healthcare and you are retired military with a law degree ;)

[Mjcpr]

times are probably a little easier when your wife works in healthcare and you are retired military with a law degree ;)

Yeah, there is that. Tulsa sales taxes have been on the decline for a few months now, state revenues have been in the dumper for months and unemployment is climbing.....6.1% in Tulsa the last I saw. OKC's last sales tax remittance showed a decline from last year as well (I wanna say about -6%) but I don't know how they've been doing prior to that.

We haven't experienced the worst of it like some places but we haven't been immune either.

[Chuck Bao]

Peace and prosperity is just a myth. Or, at least it is all relative.

Jerk seems to be doing his best with his fixation on money supply. Although I may not understand any of that, I still think that Jerk is so far ahead of the curve that his truck may someday catch up with itself and create some cataclysmic parallel dimension collision.

I’m doing my best with my fixation on don’t buy financials, even though Froze clearly beat me into the ground with his timely call on Wells Fargo a month ago. I’m still not ready to concede, though, because the cycle of share price movement and re-capitalization still eerily looks like the Asian economic crisis 10 years ago.

And, there was a doofus on CNBC last night that recommended financials and didn’t even mention the dilution from the US government converting into common shares. Even worse, he wouldn’t recommend any single bank but an ETF of the financials of the S&P index. Talk about fail just before the “stress test”. CNBC would have much better served investors with having Froze on air a month ago.

I don’t know about Oklahoma and the spread of a pretty bad global thing.

In Bangkok, we are still under a state of emergency, so we have neither that peace thing nor that prosperity thing. Relatively speaking Oklahoma does.

[Okla-homey]

times are probably a little easier when your wife works in healthcare and you are retired military with a law degree ;)

watchutalkinaboutwillis? I still see young couples buying way more house than they can afford, I still see the downtown parking lots full of cars on weekdays, I still see lots of new cars on my commute, Lord knows the BA is packed solid at rushhour, and the papers are still full of help wanted ads.

And the BOk Center is one of the top ten most heavily attended music venues on the planet. And that represents disposable income out the ying-yang.

My Blonde Daughter is neither retired military nor in health care and she scored a sweet job in her field with a T-town commercial architectural firm starting at grajitation. It's not "run out and buy a house" kind of pay, but she has great benefits, should learn a lot and the firm has all the work it can handle.

[yermom]

i'm just sayin' that not everyone is doing great right now in OK, and from the looks of it, it's going to get worse before it gets better

[Crucifax Autumn]

If it's anything like everyplace else for every one of those help wanted ads there are hundreds if not thousands of applicants. Hopefully Oklahoma is better off than the other places and hopefully that doesn't mean that as everyone else is getting better over time OK still has to go through the dark part of the woods.

[yermom]

i'm thinking it's not near as bad here as Vegas...

[OU_Sooners75]

No, Oklahomans are just used to going without. So the economy right now is not hitting them as hard as in places where money is passed around like dinner mints at a fine dining establishment!

[Crucifax Autumn]

i'm thinking it's not near as bad here as Vegas...

PArt of it is 75's comment. Another part of it is that OK isn't exactly reliant on tourists for their income.

With every state in the country deciding to legalize Indian casinos and people being too nroke nationwide for traveling overly far for a few more ammenities, Vegas is kinda down. Plus our governor is a moron, our citizens were even worse than other places about buying houses they couldn't pay for, and the idiots that own commercial real estate refusing to accept that they can't continue charging 5 times a square foot what an otherwise successful business can afford and thus putting people out of business.

It's a class A cluster-**** here in way too many ways!

And that's just some of the trouble! :eek:

[sooner n houston]

As I've seen in past recesions, the oil bidness is proping Oklahoma and Texas economies up while others suffer. In the past we get hit latter, when the oil bidness falls on it's face! In the mean time, all the out of work people from up north move down here causing even greater strains on our economies.

[Frozen Sooner]

I’m doing my best with my fixation on don’t buy financials, even though Froze clearly beat me into the ground with his timely call on Wells Fargo a month ago. I’m still not ready to concede, though, because the cycle of share price movement and re-capitalization still eerily looks like the Asian economic crisis 10 years ago.

WFC may be a smidge overvalued right now. Peeps got a little overexcited on that $3b 1Q profit. All I know is that I trust Dick Kovacevich's ingenuity. Guy managed to take a small regional bank on the brink of a federal takeover (Norwest Bancorp) to the point where it swallowed Wells Fargo without even burping.

[TheUnnamedSooner]

PArt of it is 75's comment. Another part of it is that OK isn't exactly reliant on tourists for their income.

With every state in the country deciding to legalize Indian casinos and people being too nroke nationwide for traveling overly far for a few more ammenities, Vegas is kinda down. Plus our governor is a moron, our citizens were even worse than other places about buying houses they couldn't pay for, and the idiots that own commercial real estate refusing to accept that they can't continue charging 5 times a square foot what an otherwise successful business can afford and thus putting people out of business.

It's a class A cluster-**** here in way too many ways!

And that's just some of the trouble! :eek:


Well, I'm coming out there to help in a couple months. I'm going to donate some of this texas money I earned into the vegas economy. That will fix ya right up ;)