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Fullblown Panic
kunstler.com ^ | January 21, 2008 | James H. Kunstler

Posted on 01/21/2008 7:12:51 PM PST by B-Chan

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To: durasell

He’s enroute now


81 posted on 01/21/2008 11:18:29 PM PST by abigkahuna (Step on up folks and see the "Strange Thing" only a thin dollar, babies free)
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To: kms61
We're in a moderte recession ... have been for eleven months now. Unless the media can generate what the democrats need for election panic, moderate is as far as we will slip.
82 posted on 01/21/2008 11:20:38 PM PST by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: hiredhand

BTTT


83 posted on 01/21/2008 11:21:44 PM PST by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. ©)
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To: Eyes Unclouded

MUMBAI, India — Trading was halted in Indian stock markets Tuesday as shares dived on opening with the benchmark index plummeting 9.5 percent.

The 30-company benchmark index of the Bombay Stock Exchange, the Sensex, fell 1,716 points, or 9.5 percent, to 15,888 points seconds after the market opened.

On the rival National Stock Exchange, the 50-share S&P Nifty index was down 630 points, or 12 percent, at 4,578 points.

Markets fell to 10 percent mark and were shut down for an hour.


84 posted on 01/21/2008 11:24:29 PM PST by BurbankKarl
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To: TonyInOhio
Remember, making people think the economy is bad is very good in an election year. If you're a Democrat.

It worked very well in '92 and seems to be working this year. Only people should be careful of what they wish for they just might get it. A world wide recession would be the bane of many political parties and nations.

85 posted on 01/21/2008 11:28:28 PM PST by fella (Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
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To: fella

It’s going to be an interesting day...


86 posted on 01/21/2008 11:31:17 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: B-Chan

The Rats had better remember that when times are hard it is not possible to tax a people into prosperity.


87 posted on 01/21/2008 11:34:36 PM PST by fella (Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
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To: BurbankKarl

Hari Kari, Tora Tora Tora

88 posted on 01/21/2008 11:34:44 PM PST by BurbankKarl
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To: fella

This is all Pelosi’s fault. W announced $800 checks for every man, woman and child, and she dicked around and caused this.


89 posted on 01/21/2008 11:36:37 PM PST by BurbankKarl
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To: greccogirl

Get this and get this well: You haven’t lost any money unless you sell your interest(s). Just leave it there, and stop fretting. This is a natural January on calendar, unfortunately, there’s a war in OUR country going on. We don’t need bullets in our war, just words and deeds.

I can’t wait until gold gets to about $1500 an ounce. I’ll just sell it, and make the money the foolish people are putting into that commodity and scaring this Country.

Damn gold bugs.


90 posted on 01/21/2008 11:39:05 PM PST by Slip18 (Fred Thompson for POTUS 2008)
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To: Slip18

Dow futures down 650 points overnight as I type this.


91 posted on 01/21/2008 11:41:04 PM PST by SupplySider
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To: OKIEDOC

I agree with you on Fred Thompson, but even if the Beastie wins, four years will not kill us.


92 posted on 01/21/2008 11:42:34 PM PST by Slip18 (Fred Thompson for POTUS 2008)
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To: abigkahuna

Methinks a lot of people looking for entertainment in tomorrow’s market are going to be disappointed. Armani clad brokers won’t be raining down on Wall Street. There won’t be panic in the streets. America won’t plunge into a vast wasteland of lawlessness where roving gangs cruise around the empty interstates in really cool looking cars.


93 posted on 01/21/2008 11:43:43 PM PST by durasell (!)
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To: SupplySider

I dont think it will be as bad here....I think big money will buy up shares after a couple of hours.


94 posted on 01/21/2008 11:43:48 PM PST by BurbankKarl
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To: BurbankKarl

With the RATs it is always the party first before the people or the nation. Hummmmmm kind of sounds like the time soviets.


95 posted on 01/21/2008 11:45:05 PM PST by fella (Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
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To: B-Chan

IF “global markets” are falling, it’s their own fault for listening to CNN, believing that a demonRAT is going to win the election (Hillary’s “cures” for the “bad” economy scared me too, I must admit...), OR doing their part to artificially hold up the value of the Euro (can you say ‘argentina’?).

As for myself? I think they will recover, just as ours will, although I don’t believe they will ever be as healthy as we are. Call it nativism if you will...

For those who made bad mortgage loans to those they KNEW couldn’t pay- learn to enjoy this kick in your greedy little pants. Perhaps you will learn from it. Everything has an up side.


96 posted on 01/21/2008 11:58:05 PM PST by 13Sisters76 ("It is amazing how many people mistake a certain hip snideness for sophistication. " Thos. Sowell)
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To: B-Chan

Another good way to go. Or just pay off your home.

I’m sounding like “Let them eat cake.” Please excuse me. There are too many people out there that need their government to make up their minds. Use your own brain that God gaveth to you.


97 posted on 01/22/2008 12:02:50 AM PST by Slip18 (Fred Thompson for POTUS 2008)
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To: Slip18
Did you watch the debate tonight, Gawd almighty waht a buch of Shiite brains.

The camera did a back shot of the candidates as they were speaking.

As my deceased dad used to say, Hillary’s butt is at least a couple of tree hugging Axe handles wide.

Hillary has to be the cause of poor old Willy Jeff's heart failure.

Can you imagine the amount of heart rendering psychological energy expended trying to mount that old fat butted arrogant better than thou babe. Yuk...spitooy

Her and Obama remind me of the old saying:
Jack Obama Sprat could eat no fat and Biliary could eat no lean.

Those three prove without a doubt that the Democrats have got to be the largest group of asinine ignorant lying anal brains ever assembled in a political party.

Look out fly over America, the liberals are a fixin to give you an enema of Salz and Castor oil that will last for at 4 years of living by socialist rules in their cesspool. Just the lowly red state wannabe opinion of a Democrat debate watcher on CNNP.

98 posted on 01/22/2008 12:03:32 AM PST by OKIEDOC (Kalifornia, a red state wannabe. I don't take Ex Lax I just read the New York Times.)
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To: durasell

(Pssst ..Lord Humongus is at the gate ax’ing for ya)


99 posted on 01/22/2008 12:03:47 AM PST by investigateworld ( Abortion stops a beating heart.)
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To: Eyes Unclouded

I think you’re right.


100 posted on 01/22/2008 12:06:13 AM PST by Slip18 (Fred Thompson for POTUS 2008)
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