Bailout? Or an economic plan that might work!!!

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Postby parrysurf » Fri Oct 10, 2008 1:11 am

:shock: and dismay :!:


Page 3 where will this end!!!
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Postby Hang11 » Fri Oct 10, 2008 5:41 am

parrysurf wrote:Page 3 where will this end!!!


Somewhere near the very bottom and potentially the end of capitalism.

Paulson has devoted his entire academic career to studying the depression of the 30's. He's clearly sh1tting himself, and prepared to do anything to turn the disaster round, which probably tells you what he thinks is happening.
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Postby tomcat360 » Fri Oct 10, 2008 6:16 am

Hey how's the econ in NZ looking? What a great excuse for me to go to the land of my dreams...
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Postby Hang11 » Fri Oct 10, 2008 6:45 am

tomcat360 wrote:Hey how's the econ in NZ looking? What a great excuse for me to go to the land of my dreams...


Not as bad as the US, stock market has done what every other one has, but the banks aren't looking too dodgy yet! Plenty of jobs. The kiwi $ has fallen off a cliff this week, so it will be real cheap for you to visit 8)

I'm living in Queenstown at the moment, plenty of floor space if you do decide to do it, but 3 hours from the nearest wave.
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Postby oldgrom » Fri Oct 10, 2008 1:01 pm

YEEEEE HAAAWWWWWW LOOK AT THAT MARKET ! ! ! Yes indeed headed into depresion of the 30's but with a lot larger population this time. Wow from the looks of finacial dismay that bailout plan fixed everything ! !
Do I even want to see the next plan to come forward ? ? ?
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Postby parrysurf » Sat Oct 11, 2008 2:34 pm

next plan.......let the market find it's own bottom with out politically motivated bail plans.......they apparently don't work.


The market is only reaching for its bottom ahead of the housing crunch...it's nature is to fill the void or remove the fat above the bottom.

Monday will be crucial....we will know if the bottom is here or if there is some more pain to come.

I will be buying some stock next week!!! Best chance of our lifetimes. 8)
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Postby oldgrom » Sat Oct 11, 2008 3:50 pm

HA HA HA HA HA greed or necesity of retirement taking a kick in the sac when market hit the floor buy buy buy buy some fake money and wait a bit :thumbs:
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Postby parrysurf » Sat Nov 22, 2008 3:24 am

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Postby maxine814 » Sat Nov 29, 2008 3:06 am

I really don't know about any type of bail out plan working or not working. I know something has to be done to where it will not hurt the American people while doing it. I just pray with the new President elect that there will be some changes that will relieve this economic disaster. I know it will take a while before we really see it, I just hope the American people realize that and dont start blasting him out right away because the change has not happened as soon as they expect.
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Postby oldgrom » Sun Nov 30, 2008 6:43 pm

The President holds no power to any bailout plan and are not the responsable level of govt. Congress on the outher hand......
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