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| The economy, is it good or bad. (Page 69/181) |
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84Bill
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OCT 10, 09:10 PM
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| quote | Originally posted by aceman:
The banks loaning the money DOES impact the economy.
The individual idiot getting the house in foreclosure barely makes any impact on the economy.
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That is a 100% bald faced contradiction.
READ
$3.42 billion for the value of securities backed by mortgages.
estment bank Merrill Lynch & Co. said Friday credit and mortgage woes
The banks got drunk and now they are suffering a hang over BECAUSE THEY EFFED UP!
Meanwhile back at the local drag strip the word of the day is "dont look down and everything will be just fine fine fine"[This message has been edited by 84Bill (edited 10-10-2007).]
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madcurl
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OCT 10, 09:13 PM
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The banks are getting bailed out due to sub-prime borrowers forced to buy PMI. I think that its the insurance companies are the one in trouble.
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aceman
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OCT 10, 09:15 PM
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I'll give you a moment to unfck your jibberish.
One's PERSONNAL economic strifes or good fortune DOES NOT automatically impact the country's economy.
One INDUSTRY'S economic strifes or good fortunes CAN automatically impact the country's economy.
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84Bill
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OCT 10, 09:15 PM
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And who do you supposed bails out the insurance companies?
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madcurl
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OCT 10, 09:17 PM
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| quote | Originally posted by 84Bill:
That is a 100% bald faced contradiction.
READ
$3.42 billion for the value of securities backed by mortgages.
estment bank Merrill Lynch & Co. said Friday credit and mortgage woes
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The major companies will use their loses as this years write during the next tax season. What they've racked in way more monies than their loses.
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84Bill
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OCT 10, 09:20 PM
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| quote | Originally posted by aceman:
I'll give you a moment to unfck your jibberish.
One's PERSONNAL economic strifes or good fortune DOES NOT automatically impact the country's economy.
One INDUSTRY'S economic strifes or good fortunes CAN automatically impact the country's economy. |
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Better than trying to unfck your bullshit.
You just cant comprehend the fact that because of this mortgage meltdown the ENTIRE global market is in upheaval.
You just cant comprehend the fact that because of this mortgage meltdown the DOLLAR is worth WAY less than before this cluster fck started.
You just cant get that the market IS OUT OF TOUCH with reality.
You dont understand that the SHEEP are being lead to believe that everything is fine when it isnt... ITS FCKED UP!
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aceman
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OCT 10, 09:23 PM
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You can't comprehend that the indicators are still showing that we ARE NOT in a recession or a depression.
THEREFORE, our economy IS NOT in the toilet.
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84Bill
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OCT 10, 09:25 PM
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| quote | Originally posted by madcurl:
The major companies will use their loses as this years write during the next tax season. What they've racked in way more monies than their loses. |
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Thats true.. but the end result is we are left with a dollar that aint worth didlysquat!
This is a direct result of the FED dumping money by the bucket load into the market to get the banks propped up.
We've just begun to see the fall out of all this fun and frivolous spending.. The fun part is cleaning up after the party. 
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madcurl
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OCT 10, 09:27 PM
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| quote | Originally posted by 84Bill:
And who do you supposed bails out the insurance companies? |
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The same as all other insurance companies during ecomonic or wide scale weather related issues. Some compaines fold, some are absorb, some die, and others regroup and live on to see another day. Just take a look at Florida. Not many insurance companies are currently in the "insurance" business.
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84Bill
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OCT 10, 09:28 PM
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| quote | Originally posted by aceman:
You can't comprehend that the indicators are still showing that we ARE NOT in a recession or a depression.
THEREFORE, our economy IS NOT in the toilet. |
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The "indicators" have been artificially propped up. If those props weren't added you'd be singing an entirely different tune right now.
We havent even begun to see the results of a weakened dollar yet... Fine fine fine.... 
America bought by China in repayment for trade debt
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