We are very close to a depression
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I've got a dime in the safe just in case.Comment -
How are we going to get out of this mess?Comment -
"We" aren't going to get out of this mess JJ....top economist say upwards of 35% unemployment and the fall of the dollar. JJ, how are you going to survive???Originally posted by jjgoldComment -
Two phrases:
"Time heals all wounds"
"This too shall pass"
May take alot of time however....Comment -
wont happen , too many people depend on the US trust me guys , I am not a big Obama fan but i think he will change it up a bit.Comment -
yeah, 10 years from now, we'll be all rightComment -
We are doing very well. I have a ton of cash under my matress.Comment -
at least gas is down to 1.69 in mcaleen tx. i have crazyl make script runs for me thru the border so all is not lostComment -
How about a citation pal?Originally posted by Outlawdino
Guarantee you this "economist" either isn't an economist or works at a community college in iowa.Comment -
I'd just move to another country. Canada or Britain are good.Originally posted by jjgoldComment -
Another topic on which you are clueless. Seen the FTSE lately?I'd just move to another country. Canada or Britain are good.Comment -
You should be happy that a white guy did this to us and not the low IQ black guy.Originally posted by jjgoldComment -
Originally posted by RogueJuror
I just saw Armageddon last night too, good movie.
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We will be ok. Keep spending within your means instead of hoarding cash. Keep money into the markets and all will be ok. Everyone is sitting on cash to see what happens to the stock market and GM.Comment -
it's all part of the business cycles. Just buy now and youll thank me in 5 years.Comment -
buy and hold is a myth and a joke...Comment -
I wouldn`t move to the UK it`s bad here like it is just about everywhere,things aren`t expected to get any better here till 2010.Government are promising more money will be made avaliable to get us out of this shit,but all that will do is make our debt even bigger and make tax bills bigger in the long run.Originally posted by treece
All i can say on it is hold on tight the ride is about to get very bumpy and for good measure i now have no work.
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dont worry vanman, you can go on the dole!!! happy days are here again.Comment -
That had to be the stupidest comment I have ever read about the market. The stocks have crashed more than the great depression 1st of all and the world is in such deep deep debt that we might never get out of. The unemployment rate has to reach like 40% first until we get out of this think, maybe in 5-10 years we possibly might see a decent economy again.Originally posted by DeuceComment -
jj, first of all your wrong on the stock declines. depression stocks went from 400 points on the dow to 40, thats right ONE TENTH at their nadir. so if you think we are going to match that we will have to go to 1400 points, one tenth of 14k.
40% unemployment? wow, there would be anachary in the streets.
most ecomomist see the US pulling out 3rd quarter of 2009. as much as everyone hates to hear this but bush and his crew have made all the right moves so far. obama is going to look very good.
no way 5-10 years rebound. impossible. it just isnt that bad. IMHOComment -
Unfortunately i can`t go on the dole as i`m self-employed,this is where our country sucks,but some imigrant can come to this country and can claim everthing going.Originally posted by wtf
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wow, did not know that, maybe you should move!Comment -
we are not anywhere close to a depression. If 2 of the 3 car companies go we would be close. But until then nope.Comment -
Invest for the long run. Buy quality companies w/ cash flush balance sheets, these will pay you a high yield and you get the upside of a rebound. Continue to spend on essentials, cut back slightly on discressionaries. Remember, we are at 7% unemployment, that means 93% of people in this country are still employed.
Final step: write your congressman/woman and implore him/her to let US automakers enter Chapter 11.Comment -
I you realize if govt did not do bailouts and continue to do bailouts we would be in a depression
GM is bankrupt and govt has to bail them out
We cannot continue to bail corps out because all it is doing is masking problems and we are getting deeper in the holeComment -
i pray we dont not bail out these dinosaurs called GM FORD CHRYSLER...three stooges. uaw members make 71 dollars an hour, do you all make that much?Comment -
It's sick. Let them fail. That is the best thing you can do for the economy: show everyone the bailouts are over and if you want to survive you better start working hard or innovating and not spending all your time lobbying the govt for a handoutComment -
Theinternationalforecaster.comOriginally posted by mathdotcomComment -
Mr. Chapman is 72 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas. Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
From 1962 through 1976 he specialized in South African gold shares. He and his family lived in Salisbury, Rhodesia (now Harare, Zimbabwe) and Johannesburg, South Africa from 1970 to 1973. During that time he did a great deal of further study into the South African mining industry.
Mr. Chapman belonged to The Traders Association for 25 years. He did all his own trading. During his South African years some was done directly through Johannesburg, but 95% was done through London brokerage firms. Hence, he has extensive contacts, both in London and on the Continent.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In 1976, after the Soweto riots, Mr. Chapman began buying North American shares exclusively for his clients. Up to that point only a handful of American and Canadian issues interested him, due to the high dividends the South African shares had paid out over the years. Between 1976 and 1988 his business surged from 1,000 to 6,000 clients, so the bulk of his business ended up being Vancouver Stock Exchange issues. For this reason he is very conversant with the quality of management, geologists, properties and traders on today’s North American scene. He is well known.
From 1976 to present he has spoke and given workshops at over 200 business conferences worldwide, and has been on radio and TV hundreds of times. Until his retirement he was always judged by the attendees to be one of the top three speakers and never once was lower than first in workshops due to his vast knowledge of the mining business and his grasp of worldwide financial markets and political scenes.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Not an economist. A stockbroker. Big difference.
Besides, noone can forecast properly what will happen in a year or more. The economy is too complicated. Macroeconomists' models, by their own admission, are sorely lacking.
The issues are over-hyped because the media need to get people's attention more and more and more. Things will be fine. Just let the big 3 fail and the U.S. will have achieved history.Comment -
DOESNT IT WORRY YOU AMERICANS THAT YOU PRESIDENTS NAME IS OBAMA CHANGE THE B TO A S AND YOU GET THE PERSON YOU ARE FIGHTING IN WAR
MAYBE OSAMA AND OBAMA ARE LONG LOST FRIENDS
<<<<<<<<<<<OBAMA AND OSAMA BAK IN THE DAY)
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What a moron you are aussie. And I am not a fan of Obama at all.
If his name were Tod, would you ardently support him because his name is one letter away from God?Comment -
Stupidest!!! LOLOL You mean Dumbest??Originally posted by jjgoldComment
