Comments on: The Financial Crisis A-Z

By: BG

BG — Wed, 12 Nov 2008 00:45:56 +0000

Ole swinging Richard is already flaccid and is too stupid to know it. He will realize he has also lost his manhood the next time he tries to use it.

This bailout nation stuff is totally out of control. Whatever happen to the cleansing effect of the business cycle?

By: ButtoMcFarty

ButtoMcFarty — Wed, 12 Nov 2008 00:43:22 +0000

http://www.youtube.com/watch?v=KUBVTVLKf9g

By: Ethel-to-Tilly

Ethel-to-Tilly — Wed, 12 Nov 2008 00:34:40 +0000

I’ve had 3 different friends in the past week ask me my advice “now that the worst is over” whether I think this is a good time for them to go into the market and buy Apple. To me, this tells me that we are a long way from the bottom. The average person who isn’t paying much attention, unless they have been directly affected, thinks it was just a temporary bump in the road.

What is it with everybody’s fascination with Apple anyway?

By: mhm

mhm — Wed, 12 Nov 2008 00:30:25 +0000

I don’t know if L or V shaped recession, but oil won’t be cheap for long. Nothing to do with peak oil or demand but political instability in the offing.

By: wunsacon

wunsacon — Tue, 11 Nov 2008 23:59:14 +0000

I’d like to think my last comment was downright nutty. Please tell me why I’m wrong.

If the rest of the country continues “sending good money after bad” in failed businesses (e.g., GM, F), it seems we’re just continuing to dig the hole we’re in already.

Oh, regarding sentiment, 7-in-10 Americans think Obama’s team will turn the economy around. Although I voted for him (because he is “the more competent socialist”), I don’t think he’s going to do much (especially not by continuing the batty policies already put in motion). So, there’s an “opportunity” here for hopes to be dashed next year. Perhaps that will mean “another leg down”.

By: wunsacon

wunsacon — Tue, 11 Nov 2008 23:51:32 +0000

I’m not sure why the rest of the USA can’t go the way of Detroit and Ohio. Detroit and Ohio lost manufacturing jobs overseas, over the course of 20+ years. Well, we’ve been shipping white-collar jobs overseas for the past 12 years. As goes Detroit, so goes the nation?

By: ButtoMcFarty

ButtoMcFarty — Tue, 11 Nov 2008 23:41:51 +0000

Go ask somebody who lives in Wilmington, OH if we are in a depression.

Go ask my friend who lives in STL, a board certified medical physicist who got laid off last week, if we’re in a depression.

Go ask someone who is trying to sell cars or boats for a living if we’re in a depression.

Real people, not folks with trading portfolios and home offices, are getting squeezed like never before.
And it appears to just be accelerating at the moment.

A lot of folks are hanging by a thread.
One paycheck from losing it all.

It’s all fun and games until shit starts to burn and elites start getting attacked.

By: Darkness

Darkness — Tue, 11 Nov 2008 23:38:43 +0000

I was out at my local big mall today, looking for computer parts. It was a zoo, reminded me of christmas eve. In contrast to the week before the election when it was a crypt. I am suspecting the retail numbers will look a little better this month.

By: ButtoMcFarty

ButtoMcFarty — Tue, 11 Nov 2008 23:31:23 +0000

“It can not be a depression. ”
JB

“Ignorance is preferable to error, and he is less remote from the truth who believes nothing than he who believes what is wrong.”

Thomas Jefferson

By: Mannwich

Mannwich — Tue, 11 Nov 2008 23:29:09 +0000

I meant “the majority of people don’t think a “Depression” is coming………

jmborchers – you may be right here but I just can’t see how this recession won’t be really bad. Call it what you want but it’s going to be really bad. Sometimes the crowds ARE right for a little while anyway.