It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The U.S. is weighing two dramatic steps to repair ailing financial markets: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits.
If the two moves come to fruition they would mark the government's most extensive intervention yet in the financial system, as officials ponder increasingly far-reaching measures to stem the sprawling crisis.
Originally posted by TH3ON3
reply to post by LowLevelMason
You are insane if you think this is no causew for great concern. I say get at least enough money out to last a year! Stock up on every necessity you can, and then when the shtf, it's dufuses like you who will come begging for water, or something to eat. Dufuses in denial!
Frankly, I thought the drama and fear-mongering about another Great Depression was ridiculous in the first place. The same financial news anchors and Wall Street analysts that constantly gurgled about the market's resilience and strong fundamentals at the top, and all the way down, suddenly shifted to warning about Depression, economic meltdown, and bread lines - bread lines! - when they saw a big bucket of money that would only become available if the public was scared out of its gourd. Now you'll hear the same chatter until the Fed cuts rates again (which it almost has to do simply to maintain credibility, because the effective Fed Funds rate - which is hovering below 1% - is already so much lower than the 2% target). Call me cynical. This Depression talk is just outrageous - especially from people who didn't have the slightest sense that any of this was coming.
Dr. John Hussman is the president and principal shareholder of Hussman Econometrics Advisors, the investment advisory firm that manages the Hussman Funds. He holds a Ph.D. in economics from Stanford University, and a Masters degree in education and social policy and a bachelors degree in economics from Northwestern University. Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan. In the mid-1980's, Dr Hussman worked as an options mathematician for Peters & Company at the Chicago Board of Trade, and in 1988 began publishing the Hussman Econometrics newsletter. Virtually all of Dr. Hussman's liquid assets are invested in the Hussman Funds.
Originally posted by LowLevelMason
YOU buy the fear mongering, I'll listen to the experts.
Originally posted by anachryon
You do that!
In the meanwhile, why not let people DISCUSS the economic crisis on ATS, which happens to be a DISCUSSION BOARD....y'know, where discussions normally take place?