Greenspan warns of U.S. recession risk
- Thread starter buddy
- Start date
Is he trying to say those huge tax breaks for the wealthy just are not working when deficits and the debt keeps on climbing? Is there one fawking Republican in this country that knows how to balance a budget? Is there one out there that could actually put the country first and not their greedy little friends. Ah what the hell you get what you vote for. They prey on nitwits and this is what ya get. People cry all the time about there taxes being high or their property taxes being high well this is the reason. You get a bunch of pigs who want all the money to go to a select few while bankrupting the country it has a tickle down effect.
"Green Spin"
"Green Spin"
Translation..."The serious money has already been made.'
Now lets trash market values so we can reload as the public gets it hung up their asses"
By any other name....still B.S.
"Green Spin"
Translation..."The serious money has already been made.'
Now lets trash market values so we can reload as the public gets it hung up their asses"
By any other name....still B.S.
i must be wierd because i never listen to or worry about what these experts have to say about the economy. i do my own thing in my own little world & have been doing okay....
it's all boooosh!
it's the joooooos!
halliburton!
rumsfield!!!!!!
bwahahahahahahaha!...the greedy corporate pigs lose a little of their filthy lucre!....
arrrrrrggghhhh!!!!!
/spytheweb
it's the joooooos!
halliburton!
rumsfield!!!!!!
bwahahahahahahaha!...the greedy corporate pigs lose a little of their filthy lucre!....
arrrrrrggghhhh!!!!!
/spytheweb
keith olbermann/"apparently caused by the survival of dick cheney"......
seriously,though folks.....:SIB
historically, doesn't the market go both up and down?....isn't it unrealistic to expect stocks to only increase in value until the end of time?...
just a thought...
seriously,though folks.....:SIB
historically, doesn't the market go both up and down?....isn't it unrealistic to expect stocks to only increase in value until the end of time?...
just a thought...
Most people are the same. But for those whose livelihood rely all those economic and market indices - they are freaking out a little right now. There's no attractive place to put your money at the moment.
The shocking thing today was how much we were effected by China. ....And no sector was safe! It was a clean drop accross the board, with no bargain shopping at the close. Kinda scary.
father and son:..again,not my area of expertise,but,this thing with china could get ugly......
seems like we really ****ed up by overconsuming china's stuff and underproducing anything of our own...
i mean,we don`t produce nary a thing anymore.....our "wealth" isn't backed up by anything... very, very bad.....
thanks nafta...
by the way, the only republican candidate who addresses this issue as a main concern in his platformis duncan hunter.....
not sure about the dems...maybe somebody can fill us in....
There have been many Dems on the protectionist/anti-outsurce/anti-offshore/pro-union side, and people like Lou Dobbs screaming for FAIR trade, but they are squashed by the momentum of rampant globalization and free trade.
This is probably just a hiccup on the globalization trail, but it could be kind of a long hiccup with a few hard lessons learned. A market correction has been overdue.
This is probably just a hiccup on the globalization trail, but it could be kind of a long hiccup with a few hard lessons learned. A market correction has been overdue.
Wish I had bought some market index puts....talk about calling that one..................oh well
down 4% is a huge news story ?....
hell, howard dean's stock fell 80% after one scream........
:brows:
hell, howard dean's stock fell 80% after one scream........
:brows:
Actually Greenspan was misquoted--I believe --however blood bath anyway--was not a pretty day
but believe it was way over sold-and spent most of afternoon buying--maybe should have waited.
One of Greenspans reasons for maybe possiblity of recession in future was all good things must come to an end--maybe so but not this dramatically--
As economist Ed Yardeni calculates things, the current economic expansion has lasted 63 months so far vs. 57 months for the previous 10 cycles since 1945. So by historical standards, this expansion is long in the tooth.
Time will tell--will be lots of people reconsidering things tonight.
but believe it was way over sold-and spent most of afternoon buying--maybe should have waited.
One of Greenspans reasons for maybe possiblity of recession in future was all good things must come to an end--maybe so but not this dramatically--
As economist Ed Yardeni calculates things, the current economic expansion has lasted 63 months so far vs. 57 months for the previous 10 cycles since 1945. So by historical standards, this expansion is long in the tooth.
Time will tell--will be lots of people reconsidering things tonight.
Remember back a few days prior to 9-11 the stock market fell for no apparent reason. I hope this does not signal a repeat.
http://finance.yahoo.com/q/hp?s=^DJI&a=07&b=28&c=2001&d=08&e=11&f=2001&g=d
http://finance.yahoo.com/q/hp?s=^DJI&a=07&b=28&c=2001&d=08&e=11&f=2001&g=d
Last edited:
on that note stevie another correlation --came out today consumer confidence was highest since Aug of 2001.
http://articles.moneycentral.msn.com/Investing/JubaksJournal/ChinasMeltdownNoSurprise.aspx
""The Shanghai market's correction wiped out $100 billion in value, but investors should have seen it coming.
The DOW market drop was entirely in response to the Chinese Shanghai market drop which was entirely due to the gov't finally putting the breaks on the rapid speculation (which was largely benefiting party cadres and connected managers). The Hong Kong market dropped only slightly, the DOW dropped on a panic reaction. The smart money will be snapping up bargains tomorrow morning.""
you pays your money and you takes your chances.....
""The Shanghai market's correction wiped out $100 billion in value, but investors should have seen it coming.
The DOW market drop was entirely in response to the Chinese Shanghai market drop which was entirely due to the gov't finally putting the breaks on the rapid speculation (which was largely benefiting party cadres and connected managers). The Hong Kong market dropped only slightly, the DOW dropped on a panic reaction. The smart money will be snapping up bargains tomorrow morning.""
you pays your money and you takes your chances.....
Considering how much we owe China, thanks to the administration borrowing to fund their agenda...I think not only was it an expected correction (which there should be more, common sense would say), but worrisome for many. We are far more tied to the performance - or lack thereof - of Chinese finance than we ever have been.
And if their economy goes in the tank...hmm...where can they try to make some money back? Hello, U.S.? Can you please make a payment on your account?
And if their economy goes in the tank...hmm...where can they try to make some money back? Hello, U.S.? Can you please make a payment on your account?
seeing as how it's the biggest drop since 9/11....yeah, kind of a big deal.
Last edited:
