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Thread: Have we hit the bottom?
Mar 25, 2009, 02:54 AM #31
Mar 26, 2009, 11:13 PM #32
a little late to this thread... but my $0.02
1) for a good background on the situation and to get a reasonably non-partisan view check out this video: http://www.chrismartenson.com/crashcourse
2) i dont know who else trades on here (i trade futures, f#ck stocks!!!), there is some great insight here: http://www.youtube.com/user/futuresanalysts
3) IMHO the world is at a tipping point. the US is a nation of debt spending, and increasing that debt as we just have will have signicant future repercussions. I cant imagine a scenario in which obama's policies work (and i like the guy!!) but we just have to wait and see. No one can predict the future, and anyone who thinks they know what 'will' happen is an assclown. Its like surfing, you dont know what the wave is going to do the day before you surf. you get out, assess it, catch a wave and react to its behavior. "peasants predict, kings react."
Last edited by windswellsucks; Mar 26, 2009 at 11:15 PM.
Just my .02
It was the companies giving credit to all these people who werent qualified for loans to buy things (mostly houses) that they couldnt afford.
Jus turn yo swag on.
Where i live i have yet to see the impact of our failing economy....ive been fortuante enough to have a really good life and my dad to have a job that although it was expected for his company to lose alot of buisness but his company has actaully been doing better than ever....seems alot of people are investing in industrial reality lately...much of his money that he has saved was not invested in more trustworthy positions than in stocks...it seems that many people have been cutting back on many things they do not need even though many people in my area hav enot lost their jobs or are taking lower pay...it seems they are jsut scared by rumors...also small buisness is always a risk...those buisnesses open and close all the time whether the economy is poor or not
Mar 27, 2009, 01:04 AM #36Member
- Join Date
- May 2008
- New Jersey
Here's my 3 cents.......... WHERES ALL THE ****ING SOUTH SWELLS THAT WE GOT LAST WINTER??????????
bull****. the small buisness I was with when it closed was over 30 years old. your trying to tell me that has nothing to do with the economy? How did it survive for thirty years?
the one I'm with now has been open for 35 and is at it's breaking point. How could they have both survived for so long but suddenly drop off to the point of no profit?
small buisness is a chance to a point, but both who've I've been with has a reputable name, quality product, and regulars..
pay rate has flatlined. Mine. My brother got a paycut, and he works for Budwieser. My sister unemployed, a bunch of friends out of work.
Don't get me wrong it is alot of hype, but it's still happening, to alot of people.