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Originally posted by Hillbilly123069
DC releases the annual job reports tomorrow. You already know what that is going to look like. That will cause another nose dive.
Originally posted by kdog1982
Get a clue,USA!
bring home all the troops from these false wars
that are just filling the pockets of the rich contractors.
I live right down the road from Fort Knox,our big gold reserve here in the US.
I bet you one silver bar that there is nothing there anymore.
Originally posted by AeonStorm
reply to post by OuttaTime
I can understand the drop in the global markets .... however .... GOLD AND OIL dropped? ..... This goes against everything that i believe when it comes to investing.
Are things to a point where the only possible safe investments is directly related to food, shelter, and warmth? If so what companies should we be looking at for major gains and which companies are going to tank?
Peace and Respect,
Originally posted by Dystopiaphiliac
reply to post by AeonStorm
Why should gold have any value? It only has value because it's F****** shiny. To a logical mind the only thing that should have value is food, shelter and warmth.
TOKYO/WASHINGTON (Reuters) - China and Japan called for global cooperation on Friday after a financial market rout signaled fear that Europe's debt crisis is spinning out of control and the U.S. economy is in danger of another recession.
French President Nicolas Sarkozy will discuss financial markets with German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodriguez Zapatero on Friday, Sarkozy's office said in a statement.
The U.S. Federal Reserve holds its next policy-setting meeting on Tuesday, and economists say there is little more it can do to try to spur growth.
IHS Global Insight said there was now a 40 percent chance the United States could slip into recession.
The U.S. jobless rate has risen for three consecutive months, and another increase would send a strong recession signal, Goldman Sachs said.
Update A sea of red on financial markets wiped about $55 billion off the sharemarket on the worst day in more than two years as fears of another global financial crisis spooked investors.
The Tell thinks this is pure coincidence, but Britain’s Telegraph newspaper reported Friday morning that Italian prosecutors have raided the local Moody’s and Standard & Poor’s offices “over allegations that the ratings agencies were involved in ‘anomalous’ movements in domestic share prices.”
LONDON (MarketWatch) -- European stocks slumped in early trading Friday, extending a global selloff amid mounting worries over economic growth and high levels of sovereign debt.