I am seeing the stock maket plunge today so much like the one in 1987. I lost everything. I was in real estate. I wonder just what is going to happen.
2007-08-09 11:40:56 · 9 answers · asked by Anonymous in Politics & Government ➔ Government
Actually it's down just over 387 points but it's "down" to a wopping 13270.68!!!! You call that a plunge? Ten years ago it was below seven thousand for crying out loud. That means we're up almost ONE HUNDRED PERCENT since then. And my IRAs are up even more than that. If you hadn't bailed out of the market in 87 you'd likely be rich today. I'm more liberal than conservative but at least I can research the stock market with an open mind. Jeez lady. I didn't vote for Bush but his tax plan means I'm paying fewer taxes than at anytime since I began working over forty years ago. More people own houses than ever before in history and even with recent upswings, interest rates are near an all time low. Throw in unemployment at 4.6% and I'm sitting here wondering what you are down on the consevatives about. Hell ten years ago we considered 6% to be full employment for crying out loud.
2007-08-09 11:56:16 · answer #1 · answered by Anonymous · 0⤊ 2⤋
Prediction: shortly after Bush leaves office, the United States will experience its worst economic depression in history, which - of course - will create a domino effect that will cause a global financial disaster.
Prediction: you will see the Republican party make a lame, mediocre attempt at winning the '08 elections. It will be advantageous for them to let the Democrats be in office when the depression strikes because Americans always blame the sitting administration for such economic catastrophes. Then the Republicans can come back strong in '12, promising to revitalize the nation's economy.
Think I'm wrong? Print this out and save it until December, 2008! -RKO- 08/09/07
2007-08-09 11:56:01 · answer #2 · answered by -RKO- 7 · 1⤊ 1⤋
It dropped sharply again? Isn't this like the third or fouth plus time it has dropped sharply in the past week? Not good.
Edit:
"Material items mean nothing to this government. They are in a fight for souls. The economy falling into global depression would make them happy. It would scare the common citizen into giving up more of his constitutional rights and freedoms.
Beware of this deception and put your values into seeking truth."
You are wrong. Anarchy would consume the U.S. because the common worker wouldn't be able to survive, while the rich would still be doing well. The common worker would feel like a slave. There would end up being an overthrow of power.
***
"That means we're up almost ONE HUNDRED PERCENT since then"
Ever hear of inflation? Good inflation is bull crap. The percent you are looking at is an illusion. Its something you see that isn't real.
***
"Stock Market Plunges Following China Decline"
Isn't it rather odd that the stock market plunges are following China? We owe China so much money in debt that China could easily destroy the U.S. economy by converting the debt from American dollars to the Yen. It is possible that China is gradually doing the conversion in hopes that it won't collapse the world economy like it would if it were to convert all the debt value in one feel swoop.
2007-08-09 11:49:10 · answer #3 · answered by Anonymous · 1⤊ 2⤋
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2016-05-16 00:05:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Material items mean nothing to this government. They are in a fight for souls. The economy falling into global depression would make them happy. It would scare the common citizen into giving up more of his constitutional rights and freedoms.
Beware of this deception and put your values into seeking truth.
2007-08-09 11:53:24 · answer #5 · answered by Chaoticfreedoms 3 · 1⤊ 1⤋
I agree with RKO posting 100%
2007-08-09 13:52:50 · answer #6 · answered by fullyunderstand 2 · 1⤊ 1⤋
Do you realize how depressing you lefty morons are? It's the dumbocratic Congress that is plunging us into the depths, financially and every other way.
2007-08-09 12:06:52 · answer #7 · answered by gunrrobot 2 · 0⤊ 4⤋
YES
BUT WE LEARN FROM THAT
GIVE IT TIME IT WILL BE CORRECTED SO HOW I AM SURE.
AMERICA HAS THE EYES OF THE PEACOCK WE DIVE DEEP IN THE OCEAN OF GOD BEAUTY IF YOU DESCEND TO THE UTMOST DEPTHS THER YOU WILL FIND THE GEM OF LOVE PEACE FAITH
2007-08-09 14:24:21 · answer #8 · answered by moon goddess 2 · 0⤊ 3⤋
Ha! It's very clear to me that you have no idea what you are talking about.
2007-08-09 11:58:15 · answer #9 · answered by Anonymous · 0⤊ 4⤋