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Depression ahead, prepare for stock rout: SocGen

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posted on Jan, 16 2009 @ 09:30 AM
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Originally posted by ravenshadow13
How does an economy "implode"?


Essentially if the west stops buying Chinese crap products the economy will collapse. It's far to reliant on exporting.




posted on Jan, 16 2009 @ 09:47 AM
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Yeah the economy is currently on life support. The government gave the banks billions today so the DOW wouldn't drop below 8000. How much longer will it be possible to keep proping it up like this? I say just let the companies who have poor business practises fail and let the market find a bottom, a real one. There is no way I will be venturing back into the stock market until this happens, these government funded dead cat bounces do nothing to make me more confident.



posted on Jan, 16 2009 @ 10:02 AM
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This reminds me of the song the group ABC sang called "How To Be A Millionaire" and they end with the words "I have seen the future, and I can't afford it."

I read today how the lawmakers are trying to drive up the cost of milk by eliminating the dairy herds. What the $#!+...Isn't $4 a gallon milk already high enough?



 
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