It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by T0by
Yesterday, the stock markets did horribly, most things were down.
Originally posted by T0by
Yesterday, the stock markets did horribly, most things were down. No reason for this was given on the news. Apparently it hasn't done this badly since 9/11.
I was wondering what peoples thoughts on this are, and what possible explanations could be?
And do some people know something that's going to happen that we dont?
I just find it very curious. Sorry if theres another topic on this already.
Originally posted by T0by
I mean with all the talk of something happening in america soon, people at the top whom are mostly likely involved with stocks are bound to know more details than us, and will act accordingly in the stock market to gain maximum benefit.
Originally posted by mrsdudara
Enkidu, your good. You just summed up all the topics on Ats in a few paragraphs.
Seriously though, people are just freaking out because they are wanting to raise the rates. I hear that intrest rates for houses is supposed to be up to at least 7% in August.
[edit on 8-6-2006 by mrsdudara]
Originally posted by Where2Hide2006
The Interest Rates are already at 7% for a fixed rate 30 year loan
The problem isn't Inflation... Its STAGFLATION... Look it Up! Its WAY WORSE!
Its what happens when the economy is in an Inflationary Period, and AT THE SAME TIME is Also going into a Cool Down Period then the FED would be "causing" a RECESSION ... because they would continue to raise rates to fight inflation and the falling dollar...which will make it MORE costly to corporations to borrow money...which they wouldn't be able to afford because their profits and production would already be down because of the cool off.