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As you all know the downturn we are operating in is more severe and global than anything we have seen before. No company is immune to its effects. I want to take this opportunity, today, to write to you about how we will manage such an important leadership transition, and why I am convinced that today our company is not only well-positioned financially and competitively, but is on the cusp of a new phase of growth. Remember, we began priming ourselves for a weakening economy over a year ago.
We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered. Many people will be under extreme pressure and many companies mortally wounded. Our competitors will be sorely tempted to take the easy beat, to reduce quality in the search for immediate dividends.
Let me be very clear about our company: where others might step back from their commitment to their viewers, their users, readers and customers – we will renew ours.
Originally posted by Hypntick
As long as they're not saying "lowest level since 1937" i'm not gonna go insane yet.
When that happens though.....look out
Originally posted by xbranscombex
10$ says it'll be in the 6k range tomorrow.
Originally posted by Uniceft17
The markets have really been going down here lately, I think things are really gonna start hitting home with alot of Americans when April comes around. The stocks predict and anticipate how the market is gonna be in the forseeable future and they have been hit hard recently, so it's fair to say that here in the next several weeks things are probably going to start snowballing out of control even more.
Originally posted by DEEZNUTZ
"Babylon, Babylon the Great will fall" or something like that. My friends in the US and I mean that, I've been to almost every state. I fear that your country is going to cease to exist as you've grown to love her. I just think 8 years of huge deficit spending on top of what the Federal Reserve has loaned out with your backing has destroyed any chance of survival for your economy.
Let's be honest, your growth over the last decade has been fuelled by financial scandal after scandal after scandal. Not to mention the Fed creating bubbles every 7-10 years ruining retirement plans, small businesses, you know the average Joe/Jane.
Originally posted by Leo Strauss
There is another similar thread on this subject and I will make my prediction public!
Dow 5000 bottom! If I am wrong I will return all of my bailout money! I promise. The Nikkei is tanking at this very moment and my money is Russian trading will be suspended again!
I believe Obama will be left with no choice but to nationalize, (socialism) for all you conservatives who got us into this mess, some major US banks. Perhaps a single bank to absorb all of the bad paper.
Another Bank VP friend of mine was laid off today and I could swear he does not understand what happened!!!! You see we were all soooooooooooooooooooooooo smaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaart a few years ago. Remember the "New Economy" it's different, you just don't understand, you're "old fashioned"!
See ya on the soup lines let's try to be nice to one another OK!!