Sell. Sell. Sell.

[asdf_admin]

Re: Sell. Sell. Sell.

Yep. It's a pretty scary time. The backbone of capitalism is being challenged.

[palmer]

Re: Sell. Sell. Sell.

I don't know about anyone else....





but I'm buying.

[Kamal]

Re: Sell. Sell. Sell.

....the next round ?

[DancingQueen]

Re: Sell. Sell. Sell.

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)

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...

[Shiva]

Re: Sell. Sell. Sell.

^ invest in buying lands?!

[hobbes2oo]

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.

[hobbes2oo]

Re: Sell. Sell. Sell.

The news this morning said that 1.2 trillion dollars was wiped off the books yesterday. Just amazing....

[DIDI]

Re: Sell. Sell. Sell.

Yep. It's a pretty scary time. The backbone of capitalism is being challenged.

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. !!

[Dhar_2]

Re: Sell. Sell. Sell.

its shit your pants scarey time!!!

[DIDI]

Re: Sell. Sell. Sell.

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...

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.

[Huggie Smiles]

Re: Sell. Sell. Sell.

^^Thats what I was thinking. . . A sleeping bag, a gun and some beenz is all I need.

I'm sure he will be pleased to assist

[bobjuice]

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

[Dhar_2]

Re: Sell. Sell. Sell.

Maybe we should look micro instead of macro for a moment. How much is it affecting us personally. ??

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!!!

there's uncertainity in the workplace, people are being let go, companies going under.

its pretty shitty!!!

[bobjuice]

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?

[tiddles]

Re: Sell. Sell. Sell.

france pays half my rent