Who/what do you think the Republicans are going to blame for this economic collapse?
I mean I have never seen such fear in people's eyes and voices as we are seeing on the cable financial news channels as I do today. Even Warren Buffett.
2007-08-16 03:12:18 · 17 answers · asked by Mezmarelda 6 in Politics & Government ➔ Elections
He was also once spotted on a Carrier letting us know the mission was accomplished.
2007-08-16 03:52:27 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Exactly what economic collapse are you talking about? If you are referring to the slide the stock market has been on because of the sub-prime mess, then you know nothing about the stock market, ecomonics or Warren Buffet for that matter.
The stock market is doing what it alsways does. Historically speaking the stock market is almost always lower in August/September than it is in April/May. This year is NO exception just becasue over that last several months it seemed like the market could not go down. In fact the slide lower is usually more orderly and starts earlier but that does not change the fact that this is normal for this time of year.
Secondly the ecomony is going along just fine. Inflation is in check, interest rates are low, job creation is steady, unemployment is at/near historically low levels, GDP is steady. The economy could not be doing better.
As for Warren Buffet he is BUYING more companies for his portfolio becasue the prices have come back down to more reasonable levels. He was on CNBC this morning(8/16) talking about how he has not seen any appreciable decline in consumer spending in his retail holdings which include a furnature store, a clothing manufacture, and a fast food resturaunt just to name a few.
2007-08-16 09:17:06 · answer #2 · answered by GMP 2 · 0⤊ 2⤋
REALLY? That fearful Warren Buffet just bought nearly NINE MILLION shares of Bank of America common stock. Maybe he's not too scared of the economy, and he's smart enough to pick up a bargain that's currently yielding well over a 5% dividend. Got about 1300 shares of that myself.
As for the current correction in the stock market (worldwide, not just in the U.S.), it is well known to be a direct result of many STUPID and GREEDY individuals overextending themselves and then defaulting on their adjustable rate mortgages. That's not President Bush's fault. What happens is that other citizens, who have worked and saved all their lives and who have invested conservatively, will now see their tax money go to bail out these fools and the mortgage lenders who are being bankrupted as a result.
2007-08-16 03:32:38 · answer #3 · answered by senior citizen 5 · 2⤊ 0⤋
It's always a treat to watch the stock market channel. The way they tout the product is a lesson to Madison Avenue. What fool would lend more than the property is worth, oh wait our government let that happen.
Next in line to tank will be the credit card companies, if people can't pay their mortgages credit cards are next.
2007-08-16 04:12:20 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Dems administration congress we at the instant are not in a recession human beings could have seen this coming and took notice There are cycles to each thing in life, that is one. If each and all the gloom doomers could awaken and give up attempting to pilepersistent the U. S. citizen into mass hysteria, issues could slowly return to everyday. Unemployment continues to be low.
2016-10-10 08:34:47 · answer #5 · answered by boice 4 · 0⤊ 0⤋
I think he meant the global ecomony, which is still sound. At present it's just a jitter - it could get worse, but it's not TOO bad at the moment. But if everyone panics it WILL mean a recession.
I don't like Bush at all, but I can see where he was coming from on this.
2007-08-16 03:24:15 · answer #6 · answered by Mordent 7 · 1⤊ 0⤋
How do you quantify "panic?" It will be the spending and saving habits of Americans which determine the direction of the economy. This is why no one can accurately predict the economy right now . . . it is in the hands of the consumer. I agree, I think people are overly spooked right now and this could potentially lead to disastrous outcomes. My advice . . . watch Wal-mart and Target. Wal-mart demographic for lower middle American and Target for higher . . .
2007-08-16 03:20:53 · answer #7 · answered by CHARITY G 7 · 2⤊ 0⤋
Try and borrow money if you have good credit. An individual or small business can virtually forget borrowing right now because the ones with the money to lend are scared to death. Our national debt continues to climb. The stock market has taken a dump 5 days in a row and may do it again today.
Oh yes, sir, this is a good economy. (sarcasm)
It will be interesting to see the neocon spin on this one.
2007-08-16 03:21:52 · answer #8 · answered by Anonymous · 2⤊ 3⤋
It's beautiful. Carry trades unwinding, Dollar strengthening, stock market getting to a sustainable level...I can't wait for the trade deficits to come out this month - it's gonna be ugly.
But the best part is...I'm blaming Cavuto.
2007-08-16 03:22:31 · answer #9 · answered by ? 6 · 0⤊ 1⤋
More people own their own homes than ever unemployment is lower than ever wages are higher than ever what you have is a consorted attempt by the liberal press and the DNC to propagandize you into believing in doom and gloom the latest polls show 95% of americans are happy with their situation but that everyone thinks everyone else has it bad if 95% have it good where is the bad? Wake up folks. Liberalism is not your friend. Look what it has done to other countries and if it is so good why do people from socialistic countries flock here?
2007-08-16 03:22:31 · answer #10 · answered by littletwin2000 2 · 3⤊ 3⤋
What economic collapse are you referring to? You mean the fluctuations in the market from the Sub-prime loans in the US and the tightening of credit? That's not a collapse and the rest is doing extremely well.
2007-08-16 03:19:05 · answer #11 · answered by booman17 7 · 4⤊ 2⤋