In a van?
Posted on 10/03/2008 1:34:02 PM PDT by goldstategop
Dear Forbes.com readers:
This will turn out to be the worst financial crisis since the Great Depression and the worst U.S. recession in decades.
I first said so in August and, since I wrote those words, financial and economic conditions have deteriorated further--and severely. Stock prices are sharply down and there is a risk of a market crack. Interbank and credit spreads are wider than ever since the beginning of this crisis, Lehman Brothers (nyse: LEH - news - people ) and Merrill Lynch (nyse: MER - news - people ) are gone, and soon enough Morgan Stanley (nyse: MS - news - people ) and Goldman Sachs (nyse: GS - news - people ) will need to find a larger partner with deep pockets or they risk getting into severe trouble.
(Excerpt) Read more at forbes.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
You know Goldstate, I think we are going to see small business rise to the forefront out of all of this, to me “yes” the Dow will get pummeled, but I also think that Govt views International Companies as more important then they perhaps are in fact.
Now is not the time to burden them with mandates and healthcare burdens, small businesses are a bit more agile when they are not shackled by that.
USSA
They did this to protect themselves and their buddies.
Thieving crooks and those are the nice words I am thinking.
Did you see the press conference after the vote? If the democrats claiming complete control of America and it’s financial institutions doesn’t crash the market nothing will.
They are already priming the American Sheeple for more Government Goodies.
Here’s a selection of headlines in the past 3 hours:
“Rescue Package May Not Fully Thaw Credit Markets”
“Therefore, any rally from Fed actions will be short lived.”
“Buffett: $700B Bailout may not be big enough”
“A continued correction in credit supply, fiscal receipts, investment, employment and consumer balance sheets is inevitable.”
“Experts say government’s approach comes up short”
“Bailout plan could be a disaster”
MER is gone? That’s odd...my office was still there when I got to work this morning.
You may be right. My small business doesn’t run on credit. We are light and agile, we can pare back our expenses to a bare minimum if need be, and we’ll weather this.
In a way, it's rather nice, yet scary.
Anyone else notice anything strange of this nature?
The things this guy talks about are weeks old.
All he does is whine without any solutions. What is the point of this article?
Its ridiculous.
I saw Nancy on the tube today patting democrats on the back over passing this bill, not a kind word about republicans who helped, her minion even put the blame on “The failed policies of the Bush Administration” etc.
Then I heard her use the phrase that means ruination for the country, she said it was,”Another victory for the American people”, now when I heard that I knew we were screwed!!!
Oh yeah, they were all lauding Barny Franks, showering acolades on him, and he is one of the ones RESPONSIBLE
for the whole mess...
In a van?
My business has no debt. The building was paid for as we built it with our own hands. Our inventory was laid in as we could afford to buy it, mostly at clearance and off season prices. We have to pay for the lights and insurance only.
This financial mess was visible years ago and we prepared for it.
Lucky for me, I'm in my grandfathers house ( all paid for, so is the van), so I ain't got a horse in this race.
On my drive to work each day at the same jon for 9 years, the traffic got progressively worse. I started leaving at 6:45 to beat the traffic. The summers always had less traffic on this hwy, but just like the seasons, with the start of school, traffic was always heavy. This year, the lack of traffic has been amazing. I leave later and later and still the traffic is light. Less trucks for sure, but also generally less total traffic volume.
I think a lot of people turned away after the vote. Nancy and Barney’s little speech should strike fear in the hearts of all Americans who actually care about America. They practically claimed total ownership and control of America’s financial institutions.
What exactly do you do at this jon?
I love this. The US is about to have a recession, and Canada is having a banner year just to our north!
A self manufactured depression is what we’re in store for thanks to the media.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.