Posted on 08/07/2011 8:59:35 PM PDT by Nachum
I think Im 25%
Italy, not surprisingly, is going the way the TEA Party wanted to go here, a BBA and all. I would prefer a GAAP amendment instead for the US, no more hiding expenses "off ledger."
Greece is in the tank (with their long history of tax evasion and lax living, who would have thought it?), Spain blew their money on that financial sink hole of "green jobs," Ireland's banks played too fast and loose so it came back to bite them.
What a mess!
I just wish S&P had downgraded us last year, when it was all in the Dimwits hands. There would be no deflecting blame on the one group that was trying to AVOID this problem. As a fellow FReeper so eloquently put it, "It's like blaming the fire on the one who sounded the alarm."
I have a 22 long and a bolt 22 mag, I love the 22 mag. I need to buy more ammo for it.
Funny thing, Oil was $102 last time I filled up and gas was $3.57
Last Friday Oil was $86 and Gas was still $3.57
Looks like panic selling starting to happen in Asia, seeing 5% down now in a couple of markets.
Oil dropping is not good news, cuz it means that those that normally use the oil don’t see so much use on the horizon.
I think consumer spending is going to dry up even more if possible. No one in their right mind would spend money they could save right now.
Its the odd commodity that isnt going up isnt it?
Got to wait until my husband gets through with his surgery and off disability (thankfully, it's only a short recovery time - a few weeks). But with all the house repairs this year, it's really killed our "discretionary" income account. I would have rather dropped that 20K on gold. I'd be sitting pretty right now.
Hopefully our 401K and retirement accounts won't take too bad a hit this go round. We lost $20K in the last because it's controlled through the job. The other account is still chugging along, but the returns are down. Went from a high of 14% annual to 7% annual - still a LOT better than the bank!
Credit card debt went up last month. I’m sure most were just paying bills and hoping things get better. But I have to wonder if some weren’t getting cash advances to stuff in a sock or buy metals.
Where in Texas are you?
Gold and silver dropping a little. Large holders taking profits?
The one that fuels industry and transportation.
I am sorry to hear of your troubles. I hope Health and wealth are restored and I am pleased that the you have an account that is producing.
It was already at 3% down earlier this evening. I had to take a break from it all to celebrate my anniversary and remind myself what I'm fighting for.
5%. Worse than I thought, but what my husband predicted.
Tomorrow morning is fixin to be another bloodbath. Hope I'm wrong....
Unless you're spending money on goods that will be far more expensive next month. Gonna stock up on some bulk purchases this week. After all, my money is losing value sitting in the bank.
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