speaking of which, I wonder how long a bullet lasts? Does gunpowder "expire"
That causes concern.
There is one thing I haven't seen mentioned on here that worries me. The treasury yield went negative a few weeks ago. In simple terms, this is what it means:
I loan you $10, you pay back $5 and both parties are happy. It wasn't quite 50%, more like a fraction of a %, but still. Bad news. It is caused by a distrust of banks...meaning that multi-millionaires are so afraid of bank collapse they would rather have no/negative yield rather than risk putting in in a bank. We are not quite at the point where people remove money from the bank, stick it in a vault, and have someone stand in front of it with a bazooka or something...but still.
I am thinking this run-up is going to cause something worse than inflation; which is deflation. If the credit crisis was really going to cause inflation, there would be a run-up in the price of oil (as oil is a hedge against inflation), the lowering price based on lowered demand only makes sense if there is a threat of deflation.
Another cause for concern is that the price of credit default swaps (the other shoe to drop that will make the mortgage crisis look like someone out in BFE was late on their cable bill) for the US debt is increasing. In layman's terms....people are betting that the United States will go bankrupt...with huge payoffs if they do.
Some say put your money in gold or other minerals...however, I wouldn't. If any of you remember the LA riots after those police were exonerated from beating Rodney King, gold wouldn't have done you much good. If shit truly hits the fan, a bar of gold is worthless unless you plan to flee. (Just my opinion, of course)
Yes and No. I have found myself delaying purchases thinking the doom and gloom of economic crisis will force them to lower prices.
I would like to hear more input from people who were adults during the 80s. They will know more about what to do than others. However, most of the adults I know that could tell me either were poor, didn't follow the market, didn't give shit, where doped up or something.
528hz
10+ year member
Everything'sMiscellaneous
Well...I guess we're just going to really have to open up our borders now to compensate for all the "money" the FED is about to create out of thin air in order to balance out the supply and demand of our "surplus" of currency, huh?
Bring in some more populous to spend, spend, spend...
Bring in some more populous to spend, spend, spend...
The dollar is doing better because we are better positioned in economic crisis than other countries....
Next year is going to be fun to watch China fall apart.
How? There are no jobs for them? I rate construction growth by the number of hispanics I see at Chinese resturants. Their numbers are down.
DBfan187
5,000+ posts
Supa's mom was here!
http://www.cnn.com/2008/US/10/03/eviction.*******.attempt/
Banana Balls
5,000+ posts
Banned
What an ugly *** house.
azimuth
5,000+ posts
funded*by*soros
yeah. i predict a 7000 point DOW by january. congress and bush is smart
:
azimuth
5,000+ posts
funded*by*soros
i wonder if they can cut interest rates to -1. cause it appears to be all that's left.
At this rate it'll be 7k long before January. Can't wait to see what the holiday retail sales reports look like around christmas //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gifyeah. i predict a 7000 point DOW by january. congress and bush is smart
Don't knock Bush...he is the bestest //content.invisioncic.com/y282845/emoticons/cool.gif.3bcaf8f141236c00f8044d07150e34f7.gif
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