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-   -   Bye Bye Banks and Wall Street (http://74.208.121.111/LoT/showthread.php?t=8568)

Isaac 10-13-2008 08:19 PM

Yeah but let's see if it can maintain that 936 points.

Somehow I doubt it.

Kevy Baby 10-13-2008 08:25 PM

Quote:

Originally Posted by Isaac (Post 245819)
Yeah but let's see if it can maintain that 936 points.

Somehow I doubt it.

It'll be pretty topsy turvy for a while, mostly rising a bit before the election, then dropping a bit after the election. After that, it will slowly rise again.

I personally believe we have, for the most part, seen the worst of it.

Isaac 10-13-2008 08:33 PM

Ummmm.....working for an auto finance/ general banking company, I can't agree with you on that one.

Kevy Baby 10-13-2008 08:52 PM

I didn't predict it was going to be good for everyone, just overall.

And my predictions are based on my own gut feeling: no empirical data was sullied in the making of this prediction. I could be way off base.

Isaac 10-13-2008 09:01 PM

From what I've been told, there won't be a positive change in the economy til 2010

wendybeth 10-13-2008 11:34 PM

Headline from the Washington Post:

U.S. Forces Nine Major Banks To Accept Partial Nationalization




Nice. So, how's that capitalism thingy supposed to work again? Yeah, things are really looking up here.

Morrigoon 10-14-2008 09:06 AM

Well, our nation's early history includes attempts to create a national bank.

Kevy Baby 10-14-2008 10:02 AM

Quote:

Originally Posted by wendybeth (Post 245842)
Headline from the Washington Post:

U.S. Forces Nine Major Banks To Accept Partial Nationalization




Nice. So, how's that capitalism thingy supposed to work again? Yeah, things are really looking up here.

So are you saying that capitalism is a total failure?

JWBear 10-14-2008 10:19 AM

The version we are using now, yes.

tracilicious 10-14-2008 10:20 AM

The Daily Show had an interesting guest on last night. I forget her name, she wrote a book about the Great Depression (or as Jon says, the first Great Depression). She said she thinks it can still be avoided as long as taxes aren't raised. She also mentioned that the volatility of the stock market is a really bad sign. And she said Lyndon Johnson is the root cause of our current troubles.


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