MapleLeaf
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Do you mean 3 points away from 7,999 or 7,000? There is a huge difference and from what I can read, it is nowhere near 7,000 at this moment.
United States economy doomed …
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Do you mean 3 points away from 7,999 or 7,000? There is a huge difference and from what I can read, it is nowhere near 7,000 at this moment.
So it's between 7000 and 14000 points?
MapleLeaf
Member
Um you said 7000 mark, not range.
Don't you have some earthen bunker with a mirror in it somewhere?
Please go there and continue this conversation with your intellectual equal.
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freedom
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well at least you guys can keep your sense of humor ......
a smart guy on tv telling you what's going to happen
remember the name Nouriel Roubini, he's spot on .
a smart guy on tv telling you what's going to happen
remember the name Nouriel Roubini, he's spot on .
I clicked on the link yesterday afternoon. That is one of the most boring videos I have ever seen. Seriously, I fell asleep halfway through and slept for an hour!
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freedom
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i suppose it may be boring to some people , but if your up on the economy it's like a sit on the edge of your seat thriller , that man is so ON IT , that it's scary .... there are other inteverviews of him posted on youtube , if you get curious about the economy you should check them out .
Dear doom journal :
well , i took the weekend off from the doom and gloom , went out and drank alot .... didn't really follow the news .. yada yada yada world leaders working on a plan ... etc etc ....
sadly because i've lost my market pulse i cant say what will happen on monday at alll ... the market could regain it's footing and find the long sought after bottom , or we could continue to fall into nothingness ...
Dear doom journal :
well , i took the weekend off from the doom and gloom , went out and drank alot .... didn't really follow the news .. yada yada yada world leaders working on a plan ... etc etc ....
sadly because i've lost my market pulse i cant say what will happen on monday at alll ... the market could regain it's footing and find the long sought after bottom , or we could continue to fall into nothingness ...
U
UAL_TECH
Guest
And if you would have paid attention (even though I think he is a nut), he never mentioned 'depression' but a protracted 12-18 month recession.
You lost your 'market pulse'? View attachment 8006
If you had one, you would not be forfitting you debt obligations on me. View attachment 8007
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freedom
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Ah but look at when that clip was filmed ... he has since revised his outlook on the economy ... you should check out some of his newer media ...
P.S i hope you enjoy my credit card debt ..... but don't worry , once visa goes bust it won't matter and you won't have to pay anymore
h34r:
P.S i hope you enjoy my credit card debt ..... but don't worry , once visa goes bust it won't matter and you won't have to pay anymore
h34r:
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freedom
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Dear doom journal …
Today the market rose by over 900 points … everyone breathed a sigh of relief ….. Except for me ….
This increased volatility scares me … if it can rebound by 900 points in a day , who knows how fast and how far it can also drop …
While the coordinated efforts of the worlds central banks is a good thing , and sounds uplifting .. I sat today and asked myself … is it really going to be as easy as rate cuts and loans from the IMF ? As far as the governments taking shares in the banks … that worries me more than reassures me , because if the banks take losses , the governments of the world will also take losses , and I recall not too long ago the treasury secretary saying that hundreds of banks will fail within the united states …
While wall street may have had it’s spirts lifted , main street is still suffering .. And I’m starting to wonder when they will get that ever necessary 2nd stimulus package out ….
Also doom journal , I find it so annoying when I talk about the economy and people reply “well I didn’t take out a 2nd mortgage and my house is paid off and so are my cars , I’m going to be fine “….These people don’t realize the litany of $%^^ that’s coming with this new “depression “
Crime for instance , when someone steals your paid off car, in TODAYS economic situation with the credit markets FROZEN ,when you walk onto the dealership to get a new one your going to need at least half of the total cost of the car as a down payment AND top notch credit …
It’s the little things that are going to affect people that they don’t realize ..taxes on homes may increase , so that paid off home of yours could end up costing you more and more each year …
Our society is completely interconnected and so many people just don’t understand that …
Today the market rose by over 900 points … everyone breathed a sigh of relief ….. Except for me ….
This increased volatility scares me … if it can rebound by 900 points in a day , who knows how fast and how far it can also drop …
While the coordinated efforts of the worlds central banks is a good thing , and sounds uplifting .. I sat today and asked myself … is it really going to be as easy as rate cuts and loans from the IMF ? As far as the governments taking shares in the banks … that worries me more than reassures me , because if the banks take losses , the governments of the world will also take losses , and I recall not too long ago the treasury secretary saying that hundreds of banks will fail within the united states …
While wall street may have had it’s spirts lifted , main street is still suffering .. And I’m starting to wonder when they will get that ever necessary 2nd stimulus package out ….
Also doom journal , I find it so annoying when I talk about the economy and people reply “well I didn’t take out a 2nd mortgage and my house is paid off and so are my cars , I’m going to be fine “….These people don’t realize the litany of $%^^ that’s coming with this new “depression “
Crime for instance , when someone steals your paid off car, in TODAYS economic situation with the credit markets FROZEN ,when you walk onto the dealership to get a new one your going to need at least half of the total cost of the car as a down payment AND top notch credit …
It’s the little things that are going to affect people that they don’t realize ..taxes on homes may increase , so that paid off home of yours could end up costing you more and more each year …
Our society is completely interconnected and so many people just don’t understand that …
nothing different than today ... comprehensive auto insurance replaces the car, or if you self-insure, then you replace the car, no difference at all
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freedom
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Dear doom journal ...
Today the market closed down again ... people seem confused , i have to wonder what others were thinking ? did they believe that the market would keep going up and up and up for the next few weeks after that 900 point gain ?
I guess on the bright side i should be happy it was only a loss of 70 something points and not worse ....
my feelings for the future remain glum ...... every time i read a paper or browse through a website i keep reading about banks giving out "unlimited funds" and promising to pay for all deposits no matter the losses " ..... i know goverments are strong ... but that fairy dust stuff can only fly people SO far before they crash ...
Look at the nation of iceland , would it do their country any good if the goverment came out and guaranteed all the deposits of their banks ? .... the music ran out for iceland ... so too could it run out for us ...
On a brighter note , not too much longer till november!
Today the market closed down again ... people seem confused , i have to wonder what others were thinking ? did they believe that the market would keep going up and up and up for the next few weeks after that 900 point gain ?
I guess on the bright side i should be happy it was only a loss of 70 something points and not worse ....
my feelings for the future remain glum ...... every time i read a paper or browse through a website i keep reading about banks giving out "unlimited funds" and promising to pay for all deposits no matter the losses " ..... i know goverments are strong ... but that fairy dust stuff can only fly people SO far before they crash ...
Look at the nation of iceland , would it do their country any good if the goverment came out and guaranteed all the deposits of their banks ? .... the music ran out for iceland ... so too could it run out for us ...
On a brighter note , not too much longer till november!
A
American Air Surf
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Freedom- You have to remember one thing on these message boards- YOU CAN'T FIX STUPID--, AND PEOPLE JUST DON'T GET WHAT WE ARE SAYING, AND THAT THINGS ARE DIFFERENT THIS TIME AROUND- BUT THEY WILL....
http://biz.yahoo.com/ap/081014/as_volcker_...ssion.html?.v=1
When they finally get their head pulled out of their A**, we will be in Peak Oil around 2011. Then as is now, the U.S. Government won't be able to "create" OIL, out of nothing, like they do the currency and Mr. Berneke's printing presses. I would say to our comrads on this msg/board enjoy the oil/brl price now! It is being brought to you as a courtesy of "Demand Destruction", slowing economy, and the recession/depression.
Do your research guys, don't be played for a fool...
http://money.cnn.com/2008/09/15/news/econo...sion=2008092213
http://www.rigzone.com/news/article.asp?a_id=43560
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freedom
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Dear doom journal ...
Today the market dropped by 700 something odd points and the retail sales report came in , it was worse than predicted ....
The great cut backs have begun , even pepsi is under sales pressure with lack of demand ....
i can't say i felt shock , or fear or anything as i watched the dow drop today ... it just doesn't suprise me anymore ....
I feel bad for people who have 401 k's ... their in for a hard time , the hardest in fact .... you know the experts tell you your entire life that if you play fair , save and invest then you'll be OK in your later years with a 401 k ..... now for many , they can see the cold hard facts about our system .... there are winners , who keep winning (the rich and powerfull ), and then there's everyone else who subsidizes them ....
mind you i'm not some mindless drone who screams at the rich and hates them simply for being rich ... i'm merely cognizant of the fact that the people who will endure the most suffering are the little people , and while the rich may suffer , they won't suffer from lack of medcine , or food , or having a roof over their heads etc ...
ah well , the ever endless march towards the complete collapse of our econmic system continues and there's little i can do at this point seeing as i'm still considered a kook ... my day's coming , but it will be awhile .
To those of you reading this , enjoy the good life while you can , charge it baby , charge it!
Today the market dropped by 700 something odd points and the retail sales report came in , it was worse than predicted ....
The great cut backs have begun , even pepsi is under sales pressure with lack of demand ....
i can't say i felt shock , or fear or anything as i watched the dow drop today ... it just doesn't suprise me anymore ....
I feel bad for people who have 401 k's ... their in for a hard time , the hardest in fact .... you know the experts tell you your entire life that if you play fair , save and invest then you'll be OK in your later years with a 401 k ..... now for many , they can see the cold hard facts about our system .... there are winners , who keep winning (the rich and powerfull ), and then there's everyone else who subsidizes them ....
mind you i'm not some mindless drone who screams at the rich and hates them simply for being rich ... i'm merely cognizant of the fact that the people who will endure the most suffering are the little people , and while the rich may suffer , they won't suffer from lack of medcine , or food , or having a roof over their heads etc ...
ah well , the ever endless march towards the complete collapse of our econmic system continues and there's little i can do at this point seeing as i'm still considered a kook ... my day's coming , but it will be awhile .
To those of you reading this , enjoy the good life while you can , charge it baby , charge it!
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