… is exactly where the market was back in March when the S&P 500 hit 666. Everyone thought the world was coming unhinged, and well it was and still is. However, not everything comes tumbling down instantly.
With every play there are acts, and at some point the climax. Without the climax how can we have [...]
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Bonds, bonds, bonds… United States Government bonds ARE the safest investment in the world besides cash. Right? They are aren’t they? I mean they are backed by the taxing power of the United States Government so they have to be. Well, sure you will get your money back at a measly 2.x% these days. Isn’t [...]
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Christmas is past, New Years on the horizon, hope for change lingers in the air like a slow moving mist. 2008 will go down in the history books. Oh it was memorable, but like a lemon is bitter. Collapse oh what collapse the economy is fine. Bush reassured us that the fundamental of the economy [...]
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13 Oct, 2008
Posted by: gauntlett In: Bailout
If I had to place a bet on who would win… The major banks or the taxpayer… The BANKS win!! Hooray the institution is saved! Round after round of talks end in someone getting bailed out or should I say supported or prevented from failing so the whole economy doesn’t come tumbling down. The markets seems to be happy [...]
26 Sep, 2008
Posted by: gauntlett In: Bailout
Ironic that WaMu’s collapse happens to coincide perfectly with this bailout proposal trying to be hurriedly pushed through Congress. It will for sure pass now <that was my take last night><now we are seeing major hiccups in the process (thankfully)>. We have been sold out by various individuals in the United States Government. Very unfortunate [...]
23 Sep, 2008
Posted by: gauntlett In: Bailout
TURMOIL, FEAR, CRISIS, PANIC, COLLAPSE, SAVING THE ECONOMY, BAILOUT, CONTROL… Notice the progression from left to right. A few bumps in the road lead to an eventual bailout with control obtained due to matters rushed in a state of panic. Do people act rationally when they are paniced? NO Generally, they look for a solution. Someone [...]
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23 Sep, 2008
Posted by: gauntlett In: Bailout
I’m attempting to grapple everything going on apart from my disgust… and come up with a couple scenarios. Any help will be appreciated.
Overall economic trend:
- Economy is sliding deeper into a recession
- Housing prices continue to fall
- The dollar’s short-term value is undecided, and long term looking weak
- Unemployment rising
- Prices falling
- Interest rates falling
Present [...]
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