Posted on 01/20/2009 4:02:07 PM PST by MindBender26
Cannot post due to sourcing issues, but the compendium of financial news wires is very specific. On a day when markets are usually up on hope and anticipation, they are down to record lows worldwide.
It will get MUCH worse.
Oh yes, CHANGE we can believe in
Builders are going out of business every day. Their vendors are next. Then the banks who provided interim construction financing get the homes under construction and have to pay to finish them and a realtor to sell them.
Tough times ahead.
Yes, but do you continue contributing to your 401K? I’ve seriously questioned it... especially if he goes through with taking those over as well. Excuse me... let me rephrase that. If I’m asked to “involuntarily donate” my 401K to Dear Leader, that is.
When slavery was abolished many of them went to D.C. looking for “Mr. Lincoln”. They thought he would take care of them. Not much has changed in 150 years.
I wonder why this is not the front page of every news organization? If it were McCain taking the oath today I think it would be.
Go here and you’ll see the first cards have already fallen. Scary times ahead.
-332.13
There is no way out even if there`s a future bump it`ll only be with borrowed money on borrowed time:
http://ca.youtube.com/watch?v=4n3g5lUgkWk&feature=channel_page
.
.
.
I suspect that before it's over, the state won't matter--every city will be Detroit.
The guy represents risk and downside. At any moment he can get you know whatted and the streets will run red with blood before nightfall.
Who in business can get excited about those prospects? And he couldn’t even pull off the Oath. President Barack Hussein Oathbumbler.
The money always talks and it aint saying nice things about the Messiah.
I know long term totally solid businesses that tanked. Locked up and shut down. Its not good. We have a friend who owns a business. Company went under and stiffed him for 75,000. Even worse much of his business came from the company that went under.
Yep - market plunges . Both Kennedy and Byrd become ill . And the swearing in was goofed up . Not an auspicious first day .
“... I’ll be saying it in the post office line, to the docs office to the mechanic waiting room etc”
You’ll have to because the msm where most “Americans” think they get their facts ain’t gonna say it.
I think that’s great advice you gave her. Some are too concentrated investment wise, that’s the vibe I’m getting.
I don’t own much ind. stock right now, but what I do, it’s down bad. OTOH, it is a great teacher - happy I didn’t put everything on that stock, ouch. I cashed out of equities prior to recent unp easantness.
I was convinced that I must own that sector, and it did go up, but I didn’t cash in any of it. “I’m so smart, hang on to _that_. :) I’m down 1900 bucks on a 2400 investment. Not much in the big picture there. But I own those shares... The markets come back - every time - tho I ain’t Rip Van Wink e.
I mean, here’s a good example. When gas was 4.00 a gallon, Obama’s only problem with it was that it had gotten there too fast. Things are going to happen, and he’s going to crow about it being a necessary phase. This guy has cultural revolution on his mind, and if people starve or freeze, that’s just an unfortunate externality on the way to the Greatest Good for the Greatest Number.
And my colleague was pissed at me today for being bummed about the moron in chief.
Ummm... because when the corporations lose their customers and collapse and default on these bonds... they will be worthless, too. Better to be in short govt bonds or gold or Swiss Francs right now.
Yes, but the reason the bonds are paying those numbers is because they might go tits up, correct? I’m just sayin’. Chasing interest is what caused the recent nonsense! Imagine being retired, trying to find a decent interest rate that is “safe”. They THOUGHT they were safe, too.
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.