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Originally posted by TXMACHINEGUNDLR
Sure is SELL SELL SELL! dump all your stocks! get out while you can...the SKY IS FALLING........Please sell your stock so I can buy it cheap JK no the only bottom falling out anyplace is within the DNC....and that is GOOD news!
Originally posted by PokeyJoe
Im not trying to insult anyone on here, so dont take this the wrong way...
It would serve a lot of people in this forum to take a few college level economics classes. The recessions are unavoidable. They happen when the economy gets too big for its britches and evens its self out. Do people not remember that before the boom times of the Clinton terms, America was in a recession. The Great Depression lead to great booms in the economy. It is call cyclic recession. We have prosperity, then we have not so good times. Then from that we have prosperity and so on and so forth. Now, mind you I am not an expert in economics, but I have had 3 college economics classes and 2 finance classes.
I wasnt alive yet, but what about lines at the gas stations in the seventies and things like that. America will be alright. Its not just Bush's fault. He is very short sighted for not thinking anything is wrong, but its not all his fault. The market just has a way of working its self out....its almost like it has a mind of its own. Please actually research the Great Depression and things like the Dust Bowl. I dont think it will get that bad. I dont think people know how bad things actually were during the Depression.
Im not saying everything is hunky dory, just that there are too many paranoid people here Buy stock in the oil companies....they seem to be doing pretty well these days.
Anybody know the unemployment rate? That is a very true telling of the economy. I believe the depression had something like 30 percent unemployment....I think we are around 5 percent. The sky isnt falling yet, Chicken Little.
[edit on 17-3-2008 by PokeyJoe]
Originally posted by pexx421
I agree, the "college economist" is pretty foolish. If you read why bernanke bailed out bear/stearns with 200billion of our tax dollars, you see they felt if they didnt our whole financial system would collapse!!! thats what they said! Secondly, its not just an american depression we are talking about here, its a collapse of financial systems all over the world. Also as stated above, americans in city's nowadays have no idea how to procure basic needs when our system collapses...how many in big cities will be able to grow food, hunt, etc?? I live in a desert right now, but im moving to a more temperate area just because when i can no longer pay my utilities (and im a hospital worker and well off) I at least wont have to worry about exposure threat and can put all my concentration on hunting/fishing to provide.
Make no mistake, all the "stimulus package" and other incentives you see being tried are the last death throws of a dying system....and the rich are scrambling for securities themselves by changing their dollars to euros and other currency....so we should all be too. Several countries no longer trade oil in dollars and have switched to euros, and many countries are dumping their dollars as well. These are never good signs, and im sure they are not just doing it for gits and shiggles.
In the United States, this new tipping point will translate into a collapse of the real economy, final socio-economic stage of the serial bursting of the housing and financial bubbles (1) and of the pursuance of the US dollar fall. The collapse of US real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down massively (2),...
Towards a nationalisation of parts of the US banking system
If the Fed continues to act as it has been doing, its next « great intervention » could be to nationalise part of the US banking system! Indeed it has already started taking upon her the bad balance sheets of a growing number of the country's financial institutions…