yeah, my dad is buddy buddy with the author somehow. been meaning to read it myself.
warning : we're heading to a recession
- Thread starter LordOpie
- Start date
Hey LO - how have those stock shorts been working out lately? 
from original post...Hey LO - how have those stock shorts been working out lately?
I am a genius.
Lest we forget, Genius.
I sent them an email.Lest we forget, Genius.
My stocks went up quite a bit. A large portion of them are in a corporation with a huge financial division, just a financial division that didn't **** up.
Let's face it - most non-retarded lenders didn't get too much into that mess.
Sub prime borrowers. It means lending to people who can't afford the loan. Is it really a shock to people that it came to this?
They were wrapped into bundles with low risk loans and so it brought the security (I think thats the word) to an A rating. The theory was that the low risk would offset the high risk and they had a formula for it all (an untested one). There was an article that explained why it was having an impact on the stock market, it has nothing to do with bank stock going down....it has everything to do with hedge funds.Let's face it - most non-retarded lenders didn't get too much into that mess.
Sub prime borrowers. It means lending to people who can't afford the loan. Is it really a shock to people that it came to this?
Our economy's trouble in lower class bull****. Small businesses are thriving, the middle class is making money like never before, product sales are through the roof despite high prices, and and quality of living is going up across the board. Anyone that thinks our debt and spending have anything to do with the shape of the economy is clueless. Small business runs this country. Not to mention any smart investor could make more money now than anytime in the last 50 years.
I'm trying, its been about two months since I read it.Find me that article - because it appears to be mistaken.
Small businesses may employ much of the country but to say they run it is ridiculous. If people have that kind of access to government funds they almost by definition cease to run small businesses.
What in the motherfvck are you talking about? The middle class is in the ****tiest position it's been in since before the term "middle class" was coined.
a debt to income ratio of 126% isn't good?? I'm confused :huh:
But they got more stuff! And they need more stuff! And they want more stuff!
GIVE ME MORE STUFF!!
But they got more stuff! And they need more stuff! And they want more stuff!
GIVE ME MORE STUFF!!
I don't know if it's really for more stuff now. When you have kids you have daycare or loose your job, that's 800-1000/month right there. vaccinations, co-pays, growing clothing, gas higher, milk higher,dollar sinking- conservatives make all the basics more so the middle class has to work harder and the old money controlling the basics reap the dividends. working families are like sheep to be fleece, but many don't know to get their money out of a country going to war and inflating their debt.
Thank God congress voted to increase the debt ceiling last week, that will really add value to the dollar in combination to the fed making more money for bad bank loans, which by the way has never been done before.
One thereory is to create a perceived crisis so global players can sell us citizens on the Amero, but that's a pretty crazy rumor in my opinion.
Bull$hit. Everybody is still keeping up with the Joneses. Two new cars, a boat, a couple jet skis, mobile phones for every f**king person in the house, a big plasma TV, iPods for ever family member, a 3500 sq foot house with a bedroom for every f**king person in the house...
Life is short, filled with stuff.But they got more stuff! And they need more stuff! And they want more stuff!
GIVE ME MORE STUFF!!
I've seen it both ways. I have some friends that finance to the gills to get all the big toys, but I have other friends who struggle paycheck to paycheck with two kids. Some of the problems are self-inflicted with over spending on luxury items, but the big problems is the lack of wage increases. With inflation going up up (wasn't it around 4 points last year?) and wages not, we all in effect make less money each year.
Is that really what it is??? I knew the national debt was large, but I didn't know it was that big
What in the hell is wrong with Washington? 
It's the gays fault? I knew there was a conspiracy!!
Quiet in here today. Guess everyone is on the phone to their broker.
So far things are that bad. Only about 1.5% down for the day and my three biggest investments are actually up, only a smidge but up.
I'm afraid to look 
Sweet, I only lost a couple grand since yesterday.
Where?!?!?!?
I think this is the correction that we needed. But I can't understand the Fed dropping rates again. Seems irresponsible to encourage consumers to spend more and go further in debt while further weakening the dollar globally. But, I'm no economist..I'm only a weak minded consumer who likes to pay his bills and make sure there is $$ in the bank to cover checks written.
not sure if i agree to the implied causality, but maybe something more subtle may be at hand? again, i'm projecting, so i see it as: rate goes down. stock price goes up (or is at least buoyed). i sell stock. i pay off debt.
my take on the typical american is (s)he does not equate accruing cc debt as equal to spending. seems to me if one is inclined to saddle up more debt, a little thing like a recession won't slow them down much. just take a peek in the lounge for some prime examples from our fiscally-impaired community.