[ms] · Est. May 2002
One durable person. One social graph. Many communities—and every way people speak, share, listen, write, gather and remember.
Re: Sell. Sell. Sell.
I will be honest, I don't really know all that much about the stock market and how the values rise and fall so drastically...
For those of you that understand the stock market....what are the odds that this will be like the 1929 crash? And if it is like the crash of 1929, will the results be as drastic?
Re: Sell. Sell. Sell.
[quote=DancingQueen;655909]I will be honest, I don't really know all that much about the stock market and how the values rise and fall so drastically...
For those of you that understand the stock market....what are the odds that this will be like the 1929 crash? And if it is like the crash of 1929, will the results be as drastic?[/quote]
odds are conditional.
extremely high odds of complete failure if congress cant stop the pissing contest, and doesnt pass this. if no action is taken.. well think of it like this.. in the half hour anteceding the bill failure, the worlds economy lost 5% of its value. in 30 minutes. think about that. 30 minutes and roughly 1/20..and thats only because the US markets shut at 4 pm. like i said b4, stay up late, go to any major site like boomberg, marketwatch or any news agency, and watch where the asian indexes go.
extremely low, if the US congress passes the bill or a foreign governemnt does what the US should do (china leading candidate as they have more to lose than anyone money wise)
Re: Sell. Sell. Sell.
folks. read the other thread starting at page 6
its all in there.
Re: Sell. Sell. Sell.
[FONT=Helvetica][COLOR=white]88 ... " Do you think they continue to act that way after the last three weeks? ... " [/COLOR][/FONT] [COLOR=white][/COLOR] [COLOR=black][FONT=Helvetica][COLOR=white]Greed works wonders my friend.[/COLOR] [/FONT][/COLOR]
Re: Sell. Sell. Sell.
Gawd I love you Sean.
Re: Sell. Sell. Sell.
i know. i got that racy text back in the day, FFS your married bro
dom, close thread plz. force ppl to read some facts and principles b4 asking questions.
i have literally been writing about this all day, between internal memo's, a massive article for a long island local indy, and a huge effort here.
close, and continue there. this is GYY.
the rest is there. from head to toe.
Re: Sell. Sell. Sell.
haha. I still say let them burn.
Re: Sell. Sell. Sell.
do you plan on making money as an indpendent business owner in the next decade? if so, a new perspective is needed.
Re: Sell. Sell. Sell.
[FONT=Helvetica][COLOR=silver]Frankly I may be an elitist in this mentality, but I do not agree with the world economy. It robs the average man ... hence the famous paper chase, corporate greed and corruption. Plus the numerous third world issues it has caused the deportation of cheap and outside labor. [/COLOR][/FONT]
[COLOR=black][FONT=Helvetica][COLOR=silver]I want change, and I believe a complete failure will result in this. With all markets being impacted we are on a verge of a new dawn. A reverse centralization of sorts. Our whole world is one solid bubble, one pop and here we go, there are no barriers, buffers or protection. One epic checkmate and we are all done. My best analogy is our food industry … it has gone to such a extreme that contamination can cause an epidemic. Isolation is key. One plant screwed ... not all.[/COLOR] [/FONT][/COLOR]
[COLOR=silver]Does that make sense?[/COLOR] [COLOR=silver]I don't want a saving grace. I want change.[/COLOR]
Re: Sell. Sell. Sell.
[quote=asdf_admin;655921][FONT=Helvetica][COLOR=silver]Frankly I may be an elitist in this mentality, but I do not agree with the world economy. It robs the average man ... hence the famous paper chase, corporate greed and corruption. Plus the numerous third world issues it has caused the deportation of cheap and outside labor. [/COLOR][/FONT]
[COLOR=black][FONT=Helvetica][COLOR=silver]I want change, and I believe a complete failure will result in this. With all markets being impacted we are on a verge of a new dawn. A reverse centralization of sorts. Our whole world is one solid bubble, one pop and here we go, there are no barriers, buffers or protection. One epic checkmate and we are all done. My best analogy is our food industry … it has gone to such a extreme that contamination can cause an epidemic. Isolation is key. One plant screwed ... not all.[/COLOR] [/FONT][/COLOR]
[COLOR=silver]Does that make sense?[/COLOR] [COLOR=silver]I don't want a saving grace. I want change.[/COLOR][/quote] better vote for Palin then :)
Re: Sell. Sell. Sell.
negative. I don't like hunting for my steak.
Re: Sell. Sell. Sell.
the change you think of will lead to more deaths than ww2 and ww1 combined. complete and utter chaos. war on the global scale, and not the US type war where we warn them and act as humane as possible. war on the level of the nazi's and the crusades vs the islamic expansion into the western end of the middle east/eastern europe. complete and utter disregard for life, power grab after power grab. innocents dying by the millions. loss of all vital necessities including food and water. shutdown of all global trade, not only money, but previously mentioned food and water. think of what would happen to africa and middle east if they lost access to the basic commodities like livestock, grain, wheat, fruits. if you dont live on a coastal region, say goodbye to fish. you can also count on the shutdown of utilities, and i do beleive it gets pretty cold in oregon around january. let alone the rockies, canada, russia, etc. think of just the basic things like how many people would die in the summer months without electricty and water, you can count on anyone over 65 who isnt in great health dying. denial of medications because they have to be diverted to teh military, like steel was in the 40's etc etc
and dont think for a minute that if it truly hit that scale, the progressed nations, and the middle eastern nutballs would hold back on things like anthrax, mustard gas, and the shit they dont even tell us about.
i.e. someone better step the fuck up, and the only groups on the stairs to the podium are the US and chinese governments.
Re: Sell. Sell. Sell.
survival of the fittest sean.
Re: Sell. Sell. Sell.
simply put to you..
is boo fit enough to survive if you and the wifey are in trouble?
Re: Sell. Sell. Sell.
in a perfect world ... yes. But let's face it Sean if the worse would happen. I am going to the mountatins. I am not going to stick around.
Re: Sell. Sell. Sell.
^^Thats what I was thinking. . . A sleeping bag, a gun and some beenz is all I need.
Re: Sell. Sell. Sell.
The thing I was thinking about is. . . the fact that the failure of the Bush administration to get approval for this bill from congress has done huge damage to the stock market in its own right. The 700 billion were hyped up as the solution the problems of the economy and now they are not coming so ppl are understandably panicking. This should have been anticipated.
Re: Sell. Sell. Sell.
Does this mean that we should not be buying anything except food and gas? There are some books and music I was going to buy on amazon. Should I hoard my money instead?
Re: Sell. Sell. Sell.
books are fine ... you can burn them when it gets cold. :lol:
Re: Sell. Sell. Sell.
Good I have enough books to cover me for a few weeks of winter here, then I can burn the bookcases. It might end up like The Day After Tomorrow around here. :)
Re: Sell. Sell. Sell.
[COLOR=black][FONT=Helvetica][COLOR=white]Yep. It's a pretty scary time. The backbone of capitalism is being challenged.[/COLOR] [/FONT][/COLOR]
Re: Sell. Sell. Sell.
I don't know about anyone else....
but I'm buying. :D
Re: Sell. Sell. Sell.
....the next round ?
Re: Sell. Sell. Sell.
[quote=thesightless;655911]odds are conditional.
extremely high odds of complete failure if congress cant stop the pissing contest, and doesnt pass this. if no action is taken.. well think of it like this.. in the half hour anteceding the bill failure, the worlds economy lost 5% of its value. in 30 minutes. think about that. 30 minutes and roughly 1/20..and thats only because the US markets shut at 4 pm. like i said b4, stay up late, go to any major site like boomberg, marketwatch or any news agency, and watch where the asian indexes go.
extremely low, if the US congress passes the bill or a foreign governemnt does what the US should do (china leading candidate as they have more to lose than anyone money wise)[/quote]
Ok so if everything crashed or almost crashes, a repeat of 1929 in inevitable?
Like someone mentioned above, do we need to start hoarding our money and keeping it away from the banks? Should we stop buying anything but food and gas?
Not really understanding any of this is kinda scary...:what
Re: Sell. Sell. Sell.
^ invest in buying lands?!
Re: Sell. Sell. Sell.
This housing/financial/credit crunch reminds me..... My thanks go out to Thesightless and Devon for steering me in the right direction when I bought my house last November. Fixed rate mortgages are good....ARM's bad. I am not sweating this economic situation yet, but I don't want to loan out my money without being protected.
Re: Sell. Sell. Sell.
The news this morning said that 1.2 trillion dollars was wiped off the books yesterday. Just amazing....
Re: Sell. Sell. Sell.
[QUOTE=asdf_admin;655968][COLOR=black][FONT=Helvetica][COLOR=white]Yep. It's a pretty scary time. The backbone of capitalism is being challenged.[/COLOR] [/FONT][/COLOR][/QUOTE] YES!! I been watching this and thinking this is what it looks like when capitalism fails. !! It's shocking to see the free market crying out for government support. All those industries whose creed has been the survival of the fittest. They have kept saying letting markets forces set the agenda , well I think I agree with them now. Maybe we do need a huge shakeout.
This talk of the 700b just being a cap, don't you think they will be working out ways to grab as much of this as possible .?? Where are the safeguards??? Why the mad tearing hurry?? It has been built up that it has to be done immediately , it's a perception brought about by media and probably the fact that an election is coming up. A perception is deciding the world outcome. It's ridiculous. !!
Re: Sell. Sell. Sell.
its shit your pants scarey time!!!
Re: Sell. Sell. Sell.
[QUOTE=DancingQueen;656045]Ok so if everything crashed or almost crashes, a repeat of 1929 in inevitable?
Like someone mentioned above, do we need to start hoarding our money and keeping it away from the banks? Should we stop buying anything but food and gas?
Not really understanding any of this is kinda scary...:what[/QUOTE] Global realities are so different now it couldn't be the same as 1929. I don't think anyone really understands it properly. There are so many conflicting views. One side of me even thought that this was a last ditch stand by Bush not to go down as the president who bankrupted America.
Maybe we should look micro instead of macro for a moment. How much is it affecting us personally. ??
I keep thinking why are these unregulated businesses who ran their businesses so poorly getting all this money, when ordinary people are getting nothing, they will still loose their homes. ??
Ron Paul is going to be on in a program here shortly. Should be interesting.
Re: Sell. Sell. Sell.
[quote=Shpira;655958]^^Thats what I was thinking. . . A sleeping bag, a gun and some beenz is all I need.[/quote]
I'm sure he will be pleased to assist :mullered:
Re: Sell. Sell. Sell.
sorry if this is a dumb question but what happens if my building society go under as they effectively own my house - i may have been paying back my mortgage for 8 years but there's 17 left so they own more of it than i do ? it always used to be that the chances were someone bigger will gobble them up and things carry on but no-one can be sure of that any more - where does the debt go if there is no bail-out or buy out??
hmmm :roll:
Re: Sell. Sell. Sell.
[quote=DIDI;656072]Maybe we should look micro instead of macro for a moment. How much is it affecting us personally. ?? [/quote]
well my money doesnt go anywhere as far as it used to. i'm cutting back on everything and still have problems reaching the end of the month. which never happened before!!! :what
there's uncertainity in the workplace, people are being let go, companies going under.
its pretty shitty!!!
Re: Sell. Sell. Sell.
and you're in italy dhar yeah? uk media constantly praise the spanish systems so what are they doing right that we are not?
Re: Sell. Sell. Sell.
france pays half my rent:RockOn:
Re: Sell. Sell. Sell.
[quote=tiddles;656135]france pays half my rent:RockOn:[/quote]
so if you pay half mine and i promise to give some to france some time in the future when i've got it we'll all be square yeah???? wow - i like it better than the old system already
Re: Sell. Sell. Sell.
I really feel for the poor bastards in the southeast. This on top of the gas crisis must really make them feel like the world is going to end.
Re: Sell. Sell. Sell.
@ dancing queen
no. if anything, we need to return the liquidity to the marketplace. all this is based on a giant sell off of stock which lead to the massive shortages of cash on hand.
to put it better... i have been using this...
remember the movie"its a wonderful life".. how all the people ran up to jimmy stewart and demanded thier money ?? thats called a bank run.. that's what happened in 29.
today, the safe from jimmy stewart's bank is the stock holdings of these companies, as they are not operating on the township level, but on the global level. people ran the bank by selling stock based on a monster over-reaction of thinking the banks were holding a ton of bad debt, well they arent, it is literally less than one %, and furthermore what the media isnt telling you people, is that the bad debt is ensured by the Federal Housing Association anyway, and now the FHA is planning on buying bad debt and sitting on it, allowing the debtors to pay it back at a cheaper rate and longer term, still making a profit. it was the investing public that demanded that the bonds these loans are collateralized to be paid in full, and hold a better performance.
and to clear things up further. sub prime lending is MASSIVE. bascially it is any mortgage underwritten above 95% of home value, for anyone with a 620 or lower mid score of the 3 reporting bureaus in the US, any ARM, anything mortgaged above 417600. (which, accounts for pretty much every home in lower NY, california, any coastal state, florida etc)
Re: Sell. Sell. Sell.
^^^ Thanks for the info Sean!
Between speaking with you and someone at work, I have a pretty good understanding about how this all ties together now....hopefully things continue to climb back up like they did today
Re: Sell. Sell. Sell.
still doesnt mean my wages go as far as they once did!