President Bush acknowledges risk of recession. - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 11 Old 01-18-2008, 10:56 AM Thread Starter
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President Bush acknowledges risk of recession.

http://news.yahoo.com/s/ap/20080118/...onomy_stimulus

dun dun dunnnnnnnnnnnn
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post #2 of 11 Old 01-18-2008, 03:16 PM
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Fuel prices is a big reason IMO. The housing thing pisses me off because the wife wants to move into a bigger house ASAP. All the idiots that got in over their heads makes it harder even for the guy who never misses a payment to get a good loan.

There are so many things combined that are working against the economy. We'll rebound so it's not all doom and gloom. It's the weathering of the storm that takes it's toll on the people least prepared or unable to get ahead and set aside funds. I hope the US turns it around and I know it will. WE all hope for as soon as possible.
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post #3 of 11 Old 01-21-2008, 10:49 PM Thread Starter
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I wonder what the market is going to look like tomorrow!
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post #4 of 11 Old 01-21-2008, 10:54 PM
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It's gonna go down because the media scared all the sheep.

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post #5 of 11 Old 01-22-2008, 12:10 AM Thread Starter
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Quote:
Originally Posted by OctaneZ28 View Post
It's gonna go down because the media scared all the sheep.
Well it was already declining last week, and europe was hit kind of hard today. (monday)
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post #6 of 11 Old 01-22-2008, 04:52 AM
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Once the stocks take a dump the smart investors will start snatching them up. Then everyone gets on the train until it's time for another market adjustment.
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post #7 of 11 Old 01-22-2008, 06:08 AM
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Gonna leave my stocks the way they are for now, give myself a limit on how much I'm willing to lose, then start transfering the rest into a stable fund if it starts getting real bad. Not an expert on this stuff, but same thing happened with me in the 01 crash, ever one panics an sells off leaving you to buy cheap, then when the market rebounds you make out like a bandit.
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post #8 of 11 Old 01-22-2008, 08:55 AM Thread Starter
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Fed slashes key rate to 3.5%

http://money.cnn.com/2008/01/22/news...ion=2008012210

biggest cut in over 20 years
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post #9 of 11 Old 01-22-2008, 10:27 AM
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The interest rate cut seems to have helped some.
Market is down today, but only like 1%, so that's not bad.

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post #10 of 11 Old 01-24-2008, 12:02 AM
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The interest rate cut was a bandaid. Along with it came over a 2% reduction of the value of the dollar vs the euro. Keeping interest rates artificially low is what causes the financial problems we are having right now. Even Alan Greenspan (former head of the federal reserve) said that keeping the rates low is what is causing the current financial bubbles.

grrrrr


It is REALLY gonna suck for our generation if we don't do something about this real soon. I am NEVER gonna get a house at this rate.

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