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Originally posted by Mercenary2007
i agree with that. But all the options that has been tried to at least slow it down to buy us time is failing, its not slowing fall its speeding up the fall.
i honestly think we are close to that line of last resort. the fed started dipping into the anti depression playbook yesterday but i think it was too little too late.
Yes the government should have stepped in 14 months ago before the snowball built up the steam it has now. now instead of dealing with a snowball we are dealing with an avalanche, the dow is dropping to levels we have seen in years,
then we need to look at our system and see what is working and what is completely out dated and come up with solutions to fix the outdated areas
Originally posted by grimreaper797
reply to post by lynn112
How do you know, the bailout hasn't even started yet. Thats like calling a batter at the plate out before he even took a swing.
Originally posted by Grumble
1) The stock market is a leading indicator of economic activity. What this is telling us is that the recession is coming, and it will be deep. We really probably have not been in recession up until the last month or so. But it is coming fast.
Originally posted by Terrapop
They have just stopped trading in Austria
All European indexes in free fall.
[edit on 10-10-2008 by Terrapop]