So Much For The Bailout....

Well the bankers got their money before the bottom fell out. At least now we know why they rushed it.

Originally posted by Karlhungis
Well the bankers got their money before the bottom fell out. At least now we know why they rushed it.

Well, I'm relieved that the fatcats are safe, phew!

Time to prepare for tomorrow, this prediction doesn't look so farfetched anymore.

Dow is -288..Dropped after I posted this.

Okay, is it NOW time to panic or what?


Please if you can and are willing to do so, please keep us posted.

Black Monday.

October 6th 2008.

Originally posted by ModernDystopia
Black Monday.

October 6th 2008.

That could be.... it sure looks like a rough start. Man, this is depressing.

reply to post by ModernDystopia
I wonder what tomorrow will be called??

Makes you wonder. And these were the good old days.

As of right now, the dow futures are only down -237. At least it isn't in free fall.

America get ready for a major war that is the one sure way to kick start the markets all resource stocks will go through the roof as well military arms, medical, vehicle manufacturers, clothing, and component manufacturer shares will go up dramaticlly the worlds demand for alot of things will obviously go up

The Bank Holiday rumors are getting stronger and stronger. I hope it doesn't start today, but I'm fearing a holiday is inevitable at this point.

Oh yes, we are living in interesting times!

Time magazine has coined the term Depression 2.0, how quaint
Time

and the Telegraph has more doom and gloom

Germany takes hot seat as Europe falls into the abyss

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

Source

Bloomberg is talking about massive deflation

As Federal Reserve Chairman Ben S. Bernanke and his global colleagues fight the worst financial crisis since the 1930s, one danger is looming larger by the day: deflation.

With asset markets tumbling, commodity prices plunging the most in 50 years and banks keeping a tighter grip on credit, the ingredients for a sustained period of falling prices are coalescing. While inflation is still a concern for many policy makers only months after oil and food prices peaked, the risk is their patchwork of rescue and stimulus packages will fail, and prices will start to fall throughout the broader economy.

``The ghost of deflation could be dragged out of the closet again in coming months,'' says Joerg Kraemer, chief economist at Commerzbank AG in London.

Bloomberg

And some folks are just coming right out and saying it
STOCK MARKET CRASH ALERT


Interesting times, indeed!

Can't say that a lot of us 'uneducated' and 'uniformed' laypersons didn't see this coming.

Those in positions of power are so out of touch with the real people in this country that they don't realize that we are rather astute when it comes to these kinds of things.

They've just deluded themselves into actually believing that they're waaaaay smarter and infinitely more intelligent than us average 'Joe Sixpack' types.

Go figure.

Funny thing is that, as the top percentile of the wealth in this country continues to consolidate, those pork swilling bastards in the house and senate are going to end up on the outside looking in and will realize in a 'what goes around, comes around' fashion that they (as are we) were nothing but the vechicle that enabled the rich to get richer.

Kinda like that 'Trading Places' movie . . . their social experiment will turn around to bite them in the ass provided we band together and force an end to this stupidity.

reply to post by redhatty


So did we just bypass recession all together? I am still trying to figure out how we went from a "fundamentally strong" economy to the worst financial disaster of our times? Is this just more crazy liberal propaganda?

[^sarcasm]

Originally posted by mullet35
America get ready for a major war that is the one sure way to kick start the markets all resource stocks will go through the roof as well military arms, medical, vehicle manufacturers, clothing, and component manufacturer shares will go up dramaticlly the worlds demand for alot of things will obviously go up

That is certainly a scary possibility. I kind of feel like it is almost inevitable at this point.

^^^^^

It almost seems business cycles are measured in hours as opposed to decades.

If this does send the world into great deppression 2.0 and marshall law is declared in america there going to want to really protect those fat cats with their multistory penthouse apartments that the U.S government help them to keep

reply to post by Karlhungis

If you read the article by Time and the Telegraph, you'll see that they are both talking hard recession. It also helps explain some of the emergency with the Bailout bill, International Banks are facing margin calls on their dollar backed investments.

The whole world is affected here, not just the US.

This will either be an opportunity to remove the big bankers control, or succumb to a new system they are just waiting to implement.

Either way, it's an interesting ride!

reply to post by Karlhungis


Hello Karl, The prediction for tuesday about a major collapse, if this comes to pass, How will it start? Is it when the U.S stock markets open tuesday mornin?

Originally posted by redhatty
reply to post by Karlhungis

 

If you read the article by Time and the Telegraph, you'll see that they are both talking hard recession. It also helps explain some of the emergency with the Bailout bill, International Banks are facing margin calls on their dollar backed investments.

The whole world is affected here, not just the US.

This will either be an opportunity to remove the big bankers control, or succumb to a new system they are just waiting to implement.

Either way, it's an interesting ride!

Here in Ireland, i was listening to a radio broadcast dismornin and they say we are officially in a recession.