Economy/market

[skinnyman]

Tweethave you taken a look today??? down 600 points. How much worse shape could we be in, really?? Stuffing the matress looks better every day

[FUZO]

Tweetnancy pelosi is a idiot and lied to the american public. she said 2 weeks ago that there was a deal done,there never was a deal done. mccain came to the house while he suspended is campaign and brought 66 republicans to vote for it. when he started there was only 4 republicans to vote for it. and 40% of the democrats also voted nay to the bill. this goes to show you that nancy is a complete lieing *****

[daved150]

Tweetthis is fuked up! i mean, i knew it was fuked up, but the more you look into this thing, the more fuked it is!! we need that bail out. all these people on "main st" that are pushing their rep's against this really dont know wtf they are doing. next thing you know, everyone will be in bankruptcy!! small-med. size biz's cant get loans to do biz....it's all done!!!

[3Vandoo]

TweetBUY BUY BUY BUY!!!!!!!!!!!!!

[trip]

Tweetpelosi, rofmao

every country is leveraged to da friggin hilt, no one has any money too lend us, so what is the solution, roll out the printing presses, which means hyper-inflation

banks won't lend, cause they know everyone is leveraged too the hilt

and they are worried if they transfer money to another bank they will wake up and it will be gone, and they will have lost a ton of overnight money, and thus, then they are on the ropes


lotsa low interest rates
lotsa leverage leverage leverage
low gasoline, we got a worldwide economy built on 1.5 gas, and it's 4 bucks

the leverage and the credit bubble held it up for only so long

and away we go

[daved150]

Tweet

pelosi, rofmao

every country is leveraged to da friggin hilt, no one has any money too lend us, so what is the solution, roll out the printing presses, which means hyper-inflation

banks won't lend, cause they know everyone is leveraged too the hilt

and they are worried if they transfer money to another bank they will wake up and it will be gone, and they will have lost a ton of overnight money, and thus, then they are on the ropes


lotsa low interest rates
lotsa leverage leverage leverage
low gasoline, we got a worldwide economy built on 1.5 gas, and it's 4 bucks

the leverage and the credit bubble held it up for only so long

and away we go

i understand about 80% of what your saying here...whitch is about about 10%!!

you think they should pass the 700bil. bill or not?

[3Vandoo]

TweetActually you are quite wrong, and if the media would just shut the hell up, it would reduce the crisis. First it is not an economic crisis but a financial one that was very predictable. This is why, here in Canada never went into the subprime, because banks here predicted what just happened.

Now, the crisis is what. Well you have company A, that needs money, well they could finance their needs by themselves, but let the money get interest and loan instead. Company A, has already three morgages, loan A, their main, loan B, and the new one Loan C.

Loan C was given by the Fuzo Bank of America, since the FMA knows that this loan is a risk. But Fuzo Bank is in deep trust that the housing market is likely to go up and there no problems, everyone will pay, it will be good it is business as usual!

Now, the housing market crashed, well what do you expect, when house goes up without reflecting on the market price value. now since housing market and credit goes hand in hands it did affected banks.

Company A, signed a variable interest loan, so Fuzo Bank increases the interest, the housing crisis, bring less business.

Company A cannot pay loan 3, so they liquidate some of their active.
Fuzo bank already put an insurance on the loan, with Davesurance.
Davesurance subcribe to an insurance with another insurer on the policy with Fuzo and so on.

Now, since company A, said **** off to loan 3, Fuzo bank turns aruond to their insurer, therefore, the insurer turns around to their insurer and so on.

The cycle started, every must pay, but finally in the circle, there one link missing who cannot paid anymore.
________________

Was it creditable: YES!
What will happen: Main america will go back to good and lean financial principles, and be less in debt. There a lesson there, same as our grand parents learned 75 years ago or so.

Now

Will it get worst? NO
We are in a recession, well the US is... until spring or summer 2009.
in the middle of the recession and crisis as proven in 30 and 81 and 87, the market need a plunge of 30%, so we did today. What does it tell you!

The worst just passed by, and the good is coming. Now, Gold will go up since investors will need refuges, governmen stocks will be a secured investment, and in between 18-36 months you will see a large regain on the stock market.

What will happen, Korea, dubai, Japan and China will probably come to the rescue and invest massively in the US, dont forget, if the US dont run, they DIE!

Now, this will be beneficial to the market, it will flush out the idiots and weak, and other sectors in the manucfacturing will receive alot of funds in investment instead of going to finance company they would go to good ole producing american company!

time to buy, gold, lot LOT of potential growth

so yes it is a bad crisis, but this will flush out the weak, bring a more competitive and secure market, bring the average american more responsible for their finace.

So yes there light at the end of the tunnel and it is SHINNING!

[FUZO]

TweetWOW DAVE AND I HAVE BANKS,GO VANDOO,MOO MOO

[3Vandoo]

Tweet

WOW DAVE AND I HAVE BANKS,GO VANDOO,MOO MOO

Dude, if I be a billionaire right now, I would start a bank!

Do you wonder why Wal Mart is going to banking RIGHT NOW

[3Vandoo]

TweetAlso, yes it is bad not so THAT BAD!

People should stop referring to the crisis as bad as like 87 or 29, it is nothing like that.

some predict the next crisis will be the credit card, who knows....

A big slap in the face for the US and every average north american.

[trip]

Tweeti agree, we will consume less and save more, and it will take time

700 billion, they have already flagged it could be more

banks have taken 700 billion in losses, we add 700 billion of government money, and the total of non pay mortgaes is 2 trillion, we are still way short of the bill due

the good news is we are more open and upfront than most countries, and have more money, the balance will be reset quicker than anywhere else, it is becoming painfull that is for sure

and employment is still pretty good, so we have paychecks to pay off the debt

in a kiss analogy

Growth In Sales
leads too
Growth In Earnings

now, we got no growth, which means slower earnings

the problem is no on can forecast costs to any degree of confidence, so the risk is high

and the downside of slower growth multiplies the risk

all in all i'm like most in that i'm confused

different is that i have some knowledge of what's going on and how it works

[daved150]

Tweet

i agree, we will consume less and save more, and it will take time

700 billion, they have already flagged it could be more

banks have taken 700 billion in losses, we add 700 billion of government money, and the total of non pay mortgaes is 2 trillion, we are still way short of the bill due

the good news is we are more open and upfront than most countries, and have more money, the balance will be reset quicker than anywhere else, it is becoming painfull that is for sure

and employment is still pretty good, so we have paychecks to pay off the debt

in a kiss analogy

Growth In Sales
leads too
Growth In Earnings

now, we got no growth, which means slower earnings

the problem is no on can forecast costs to any degree of confidence, so the risk is high

and the downside of slower growth multiplies the risk

all in all i'm like most in that i'm confused

different is that i have some knowledge of what's going on and how it works

so, just let them fail. i understand the "reset" argument, but it will get worse. more foreclosures, more layoff's, more biz going under...how does MORE forclosure and MORE small biz loses help the situation? jobs are pretty good?...where exactly? look at the growing list of states with RISING un-employment. look at the growing list of forclosures. i see it around my neighborhood....these are family's we're talking about loosing there homes, not just statistics. there just numbers until they hit your family, your friends...i still have not heard a viable alternative

[Klash]

TweetHere's my thoughts.

This whole thing is a con.

The only pro-argument the politicians are offering us for this bill is:

The sky is falling and the media is propagating chicken little's voice. It's a good story (keeps people watching the news) and their all in the same boat. They will or they all know people who will lose their ass if their isn't a "bailout".

They claim if we don't do it there's going to be a lot of financial pain but admit there is going to be pain regardless. (vague and fear mongering)

The price tag of $700 billion was pulled out of Paulson's a$$; Bush justifies the $700billion because we have a big problem - so we need a big number. (extremely vague and insulting)

Those who oppose the bill are characterized, by those "in the know" (elitists), as "Main Street", who are too ignorant to understand that they will be hurt the worse. (more fear mongering)

They're are claiming we need to do this immediately before the economy collapses. This has been going on for months, why now? Ever since they've taken the chicken little position it's been almost two weeks. The hurry up and push it through, makes me think they want to get it through before people can inform themselves of what is going on - reminds me of the patriot act - we didn't come out to good on that.

The media is operating under the premise that the only thing to do is pass the bill and are only focusing on who is to blame for the bill not passing.

This bailout will only delay and prolong an inevitable economic pain and all the while making unelected leaders extremely powerful. Will this grow the economy, will there be more assets or is it just saturating the economy with more fiat currency to those on top end, who made risky investments.

My thought is Bush and the rest of the government have lots of buddies that are about to lose their a$$ on Wall street because they were over invested in risky sub-prime $hit but were enjoying the profits for the last 8 years. Now that they are about to lose their a$$, they're trying to fear monger "Main Street" to help.

Main Street is saying Phuck you, I'm will to endure the hard times, I can make it and Government & Wall Street can phuck off.

They will be ratcheting up the scare tactics within then next few days and try to get it through on Thursday.

[Klash]

TweetOh yeah, one more thing. The burden of proof is on those that say this will help. Prove it to me?

Paulson and Bush both are not giving any specifics - pure propaganda with mostly scare tactics.

[daved150]

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