junkies are so used to 15% return on their money (abnormal return) during the last 20 years, and credit is so rampant (effect seen in housing market), that the only thing to keep the junkie going was another injection. Bernanke? must have flopped on pressure..He must have known better. At best he is postponing.
I just hope that inflation doesn't hit WITH recession down the road. If you have a contracting economy and inflation you usually have a depression, and that's not very good.
2007-08-17 15:26:23 · 7 answers · asked by Anonymous in News & Events ➔ Current Events
especially in such a global economy. But don't worry, when everyone goes crazy and sells, go and buy in at around 10,000...it will rebound fast....I am betting on a simple recession, nothing as pessimistic as a global collapse, although it could happen.
its 10% correction, I don't know what its now, but once it corrects that will be key time to buy in...as I said, prob around 10,000 if it falls that low. Give it till next year to get all the crazy racketeering and time do its thing.
2007-08-17 15:28:30 · update #1
the question is...is the american economy comparable to a junkie...or is there another theory/model at this point in time?
2007-08-17 16:08:38 · update #2
Soup and bread lines here you come. The neo-cons looted as much of America's wealth and possible and like parasites, they will leave it to die.
2007-08-17 15:31:30 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The market is already making the correction right now...the cut in the rate today helped the jumpers take a breath and the market settled. I don't think you will see 10,000 again unless we were to have another event of 911 proportions. The sub-prime lending scheme has to cycle out and people who were stupid have to take their lumps...no government bailout. Consumer confidence is very high right now so with some tweaks here and there I think we can keep inflation in check...I feel bullish!
2007-08-17 15:36:16 · answer #2 · answered by Scooter McAsscrackin 3 · 0⤊ 0⤋
I am really surprised how long this shell game has lasted. In this global economy with all the jobs going overseas America can hardly even be considered an industrialized nation anymore. Use your house as a bank account and keep the economy going don't worry the bottom will never fall out.
2007-08-17 15:44:35 · answer #3 · answered by Anonymous · 0⤊ 1⤋
not good indeed, but it is coming anyway, 2008 will be the mother of all recessions.
2007-08-18 19:18:01 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Don't you get it man? You need to move to France!
2007-08-17 15:30:10 · answer #5 · answered by Joey Michaels 4 · 1⤊ 1⤋
What is your question?
2007-08-17 15:49:45 · answer #6 · answered by Bibs 7 · 1⤊ 1⤋
Say what???
2007-08-17 16:12:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋