Well stock market down another huge loss

[mcgraw_wv]

We are now looking at ANOTHER 300 point loss, which wipes out anything gained yesterday... The market has lost roughly 2250 points in less than 5 months...

Gas is 110 a barrel.
Gold just BROKE 1000 an oz.


The Federal government is just handing over cheap cash to mega corporations in order for them to make more money... ( Man wish I had that ability )

Bernake has no answers.

Federal Reserve has used every tool it has, it did nothing, overseas banks even helped out only to have those gains wiped out today on the Bear Sterns news today...

We don't own our own ports

We don't build our own Military equipment



Is there anything to be hopeful about our future as a country and economy?

[QuiGon]

Originally Posted by mcgraw_wv

Is there anything to be hopeful about our future as a country and economy?

For intelligent people..? Yes. For panicking, whining, "the sky is falling" alarmists..? Well, you'll have to decide for yourself.

[FreeTedWilliams]

The results of the democrats raising taxes last night.

[mcgraw_wv]

Originally Posted by Obi-Wan

For intelligent people..? Yes. For panicking, whining, "the sky is falling" alarmists..? Well, you'll have to decide for yourself.

When do you warrant an "alarm"?

At what point do you being to worry? I mean it must be nice to live where no foreclosures are happening and there aren't any for sale or rent signs in your neck of the woods.

I mean serious, guide the misguided panicking people to when even you would worry.

And yes you may use the force...

[Holy Diver]

Bush said the economy is fine, and I think we should all trust our president. Are you people telling me that Bush is lying to me? because if he is aginst us, is he with the terrorists? I'm confused....

ok...

bottom line......we are in a recession, those of you who don't understand that, will soon enough. The sky isn't fallling, the economy moves in waves...a lot like the temperature of the Earth. The BIG problem I see is that our nation has nothing to offer. No cutting edge industry like the tech sector back in the 90s. We'd better think REAL hard about how to create new jobs, and a new industry or the American Empire is doomed. I suggest creating a sort of Manhattan Project for GREEN jobs. We need to be the leaders in the next big energy source. Otherwise, we are going to keep making the saudis, and big oil rich.....and you can see just how well that is working for us.....

[STFarmy]

Originally Posted by Holy Diver

bottom line......we are in a recession, those of you who don't understand that, will soon enough.

We actually technically aren't now. You need two quarters of negative growth for that. Last quarter, the economy, though very, very slightly. I agree that we might be headed to one, but we're technically not in one yet.

[mcgraw_wv]

Originally Posted by Holy Diver

We need to be the leaders in the next big energy source. Otherwise, we are going to keep making the saudis, and big oil rich.....and you can see just how well that is working for us.....

It is our Patriotic Duty, and part of our Universal Values to empower a country to build a 5 slope, 3 football length SKI resort in a DESERT that averages 100 degrees in the afternoon.

[maverick4]

stfarmy, don't believe the bs economic reports from the government.

go to youtube and google 'jim rogers'. this guy is the billionnaire investor who started the quantum fund with soros.

in multiple interviews over the past 5 days, he has flat out called out the american government on lying about the economy, which continues to fudge numbers to make it look like we are experiencing positive growth.

doesn't matter. those sheep who still buy into this government's bs, will be the ones holding all the turd when the mass media reports real news, at which point it will already be blatantly obvious

[QuiGon]

Originally Posted by mcgraw_wv

When do you warrant an "alarm"?

When the stock market drops 75% off it's peak, and when unemployment reaches 25% - both of which happened during the Great Depression. Until we get to that point, it's little more than a 75 year period of peaks and valleys.

Originally Posted by mcgraw_wv

At what point do you being to worry?

At what point would I worry..? If the market dropped 50% or unemployment reached 15%. Then I would worry we were experiencing a historically bad economy.

Originally Posted by mcgraw_wv

I mean it must be nice to live where no foreclosures are happening and there aren't any for sale or rent signs in your neck of the woods.

There's a "For Sale" sign on my own front yard. How does your foot taste...?

[mcgraw_wv]

Originally Posted by Obi-Wan

When the stock market drops 75% off it's peak, and when unemployment reaches 25% - both of which happened during the Great Depression. Until we get to that point, it's little more than a 75 year period of peaks and valleys.
At what point would I worry..? If the market dropped 50% or unemployment reached 15%. Then I would worry we were experiencing a historically bad economy.
There's a "For Sale" sign on my own front yard. How does your foot taste...?

So your not going to sound the alarm until we are already in a GREAT depression?

I can see why your house may have a for sale sign on it...