Basically some major **** went down and it will continue into this week. Very scary with tons of terrified investors. Save your pennies!
Basically some major **** went down and it will continue into this week. Very scary with tons of terrified investors. Save your pennies!
Ummm.....or the 5 dollar a gallon gas........
lol
you mean the sky isnt falling anymore?Pull the bandaid off fast...get it over with.
BTW - Oil down to $95....(told you)
I like it. The market is regulating itself. Getting a mortage shouldn't be easy and the dollar is finally climbing and popping the commodity bubble.you mean the sky isnt falling anymore?
Oil should be down into the 70-80's where it belongs soon enough. Probably hit a few more speed bumps along the way but artificial market highs can only stay elevated so long.
Wall Street always evens out and delivers over time... just dont put all of your eggs in 1 basket and this will all be a memory soon enough.
Exactly!I like it. The market is regulating itself. Getting a mortage shouldn't be easy and the dollar is finally climbing and popping the commodity bubble.
The government finally drew the line in the sand and said no more bailouts with taxpayer money.
You mean after we get the bill for fannie mae, and freddie mac?The government finally drew the line in the sand and said no more bailouts with taxpayer money.
and Bear Sterns (29B) of losses covered by uncle sam (i mean US tax payers)You mean after we get the bill for fannie mae, and freddie mac?
its hard to say if this is for the better... a lot of people will be affected by these troubled firms and the long picture does not look good either, less wall street firms means less competition and could mean higher pricesIt's for the better, as the market will thrive on fewer, yet stronger financial institutions.
Can you tell me what would happen if Fannie and Freddie would fail and can you please let me know who gave Hank Paulson a blank check when it comes to Fannie and Freddie? Here is a hint..its not Republicans.You mean after we get the bill for fannie mae, and freddie mac?
The long term actually looks good.its hard to say if this is for the better... a lot of people will be affected by these troubled firms and the long picture does not look good either, less wall street firms means less competition and could mean higher prices
Oh no! Not PROFITS!!!btw, these wall street firms will always be greedy, they work for profits and they (wall street firms) demand profits from other companies as well as for them selfs
I realize the implications of major lenders going under, I was merely making the observation that this seems like the middle bell curve of gov. sponsored bailouts, not the end. Since you made the comment thatCan you tell me what would happen if Fannie and Freddie would fail and can you please let me know who gave Hank Paulson a blank check when it comes to Fannie and Freddie? Here is a hint..its not Republicans.
im glad that merril lynch got bought out, Lehman bro. should interesting though. The global investment community should jump at the chance to pick up their holdings.Originally Posted by J. Peterman
The government finally drew the line in the sand and said no more bailouts with taxpayer money
Anyone with an ounce of sanity shifted out of financials a long time ago.i feel sorry for the mum n dads who's superannuation (401K) plans have just gone tits up because their fund managers were heavily invested in the "safe" banks. It also has a trickle down effect on everyone. Their biggest shareholder is AXA.....there goes there pension plans...
They denied AIG as well about 2 hours ago which caused the market to plummet. The window seems to be closed.I realize the implications of major lenders going under, I was merely making the observation that this seems like the middle bell curve of gov. sponsored bailouts, not the end. Since you made the comment that
They tried all weekend..nobody wanted them.im glad that merril lynch got bought out, Lehman bro. should interesting though. The global investment community should jump at the chance to pick up their holdings.
They denied AIG as well about 2 hours ago which caused the market to plummet. The window seems to be closed.
They tried all weekend..nobody wanted them.
It has an enormous amounts of assets but the fact they went to the fed for short term financing spooked everyone. Then the $75 billion lending package got thrown around...AIG is getting 20b from its subsidiaries to stay afloat, for the time being.
If the Gov trys to back door funds to them through JP Morgan I think it will create more problems than it solves, in the future everyone will be looking for handouts.It has an enormous amounts of assets but the fact they went to the fed for short term financing spooked everyone. Then the $75 billion lending package got thrown around...
The problem with AIG is there is no transparency with them.
Which is why I like seeing them finally draw a line. This needs to happen.If the Gov trys to back door funds to them through JP Morgan I think it will create more problems than it solves, in the future everyone will be looking for handouts.
Thats because 10% of the country makes $10,000 a year, The average american isnt being affected by this, its the 30,000,000 americans that dont make any money that are.Hmmm with all this BS, food and gas prices rising, economy "down" etc...
I really haven't noticed anything or changed my lifestyle, I make $22,000 -$30,000/yr after tax.
21, single, no kids that I know of.
People are blowing this **** way out of proportion.
Hmmm with all this BS, food and gas prices rising, economy "down" etc...
I really haven't noticed anything or changed my lifestyle, I make $22,000 -$30,000/yr after tax.
21, single, no kids that I know of.
People are blowing this **** way out of proportion.
Thats because 10% of the country makes $10,000 a year, The average american isnt being affected by this, its the 30,000,000 americans that dont make any money that are.
Stagnation yes, but your average cubical worker still makes it to work everyday, there are janitors/food service workers etc, normal people making minimum wage, that cant afford to fill their car up, or consistently buy milk for their family.Sure they are. Whenever credit is inhibited as it is, you will see a stagnation across the board.
thats why you are not experiencing hardship. you have almost 0 liability in this world at this stage in your life. enjoy it.Hmmm with all this BS, food and gas prices rising, economy "down" etc...
I really haven't noticed anything or changed my lifestyle, I make $22,000 -$30,000/yr after tax.
21, single, no kids that I know of.
People are blowing this **** way out of proportion.
Well I'm happy with the money I'm making now at 21, I'm grateful for the way I'm living.This is a narrow way of looking at it.
Will it greatly effect you right now? No.
But with the current state of things don't expect your salary to rise anytime soon and in that time inflation will make the value of what you take home decrease.
When credit is tightened, it inhibits growth. Many companies simply cannot grow without access to credit which in turn stagnates wages, salaries, jobs, etc....
The silver lining in all of this is gas and food prices have dropped for the last 2 months and will continue to drop.
I don't believe in monogamy or marriage so there goes the wife/kids, not gonna buy a home until 40-50 because there's no point in having one if I'm gonna be traveling all the time.thats why you are not experiencing hardship. you have almost 0 liability in this world at this stage in your life. enjoy it.
But it sucks when you are managing a mortgage, kids, home repairs, etc... on a set income. If you really pay attention, yuoll notice that many staple grocery items are up 25-50%. When your 1 person on $30k... this is nothing. but a family of 4 on $50-60k/yr... suddenly you are spread pretty thin.
Also... imagine that you are in your 40's or 50's ... your life is soon to be dependent on your retirement funds. You only have so much time before retirement, so you need all of the best years that you can get. Economy hits a slump for 3-5 years??? There goes $50-$100k potential from your retirement fund... kinda changes everything.
I sure hope your right here, the gas prices and hyperinflation on everything else is outright killing me and mine.This is a narrow way of looking at it.
Will it greatly effect you right now? No.
But with the current state of things don't expect your salary to rise anytime soon and in that time inflation will make the value of what you take home decrease.
When credit is tightened, it inhibits growth. Many companies simply cannot grow without access to credit which in turn stagnates wages, salaries, jobs, etc....
The silver lining in all of this is gas and food prices have dropped for the last 2 months and will continue to drop.
I don't believe in monogamy or marriage so there goes the wife/kids, not gonna buy a home until 40-50 because there's no point in having one if I'm gonna be traveling all the time.
I turned down a job offer with a PMC for $176,000/yr, $80,000 tax free, paid vacation 2 weeks, etc.....
With Military combat experience and training I'm looking at at least $200,000/yr and MAX $400,000, that would be after 6 years in the Military.
Do that for 10 years.....I'm set
Unless I die then I don't have to worry about work :hammer:
its hanging on by a thread.....If AIG goes down tomorrow we are all F-U-C-K-E-D.
you are wrong, there is absolutely no control of whats gonig on at the moment. thats what the problem is.It is merely a chess game and we are the pawns / pieces. The game is played by the power brokers i.e. the major company owners and people in power that choose what to boost and what to drop. It is all about control.
Everything on Wall Street etc is done with a specific result in mind, which will happen since all the people with power work together to create the outcome...
The government, the companies do not care about you, they only care about controlling you and getting you to do what they need done!
I'll give you a guess, you may think it's conspiracy but when it is what is happening in a step by step process it's not...it's reality...one......world.......order.
Go get us some answers.I work for AIG in NY. Pretty damn tense around here..