Complete Collaspe of US Financial Market Soon?

[Michigan CG]

"The sky is falling, the sky is falling!"

 

[Greg Bell]

"The sky is falling, the sky is falling!"

I agree...see avatar...quick ,buy some beans and Ammo..

 

[Karl]

"The sky is falling, the sky is falling!"

Tim that's so old & used!! Many on here said that when the "Black Helicopter" Brigade was saying the "BOOM" would create the largest housing market fall ever seen in what use to be known as the U.S.A. (The U.S.A. has been sold just not a released story yet) Well the "BOOM" did what the B.H. Sqaud said it would. BUT!! The sky didn't fall!!! just about everything else related to the U.S. Economy did, but the sky is still doing OK~ In fact the Sunset is beautiful here!!

 

[Hamlet]

BUT!! The sky didn't fall!!! just about everything else related to the U.S. Economy did, but the sky is still doing OK~ In fact the Sunset is beautiful here!!

Yeah, I hear the sky was beautiful after the Great Flood too. Wasn’t there a real pretty rainbow? Too bad everything else was underwater…

 

[Michigan CG]

Tim that's so old & used!! Many on here said that when the "Black Helicopter" Brigade was saying the "BOOM" would create the largest housing market fall ever seen in what use to be known as the U.S.A. (The U.S.A. has been sold just not a released story yet) Well the "BOOM" did what the B.H. Sqaud said it would. BUT!! The sky didn't fall!!! just about everything else related to the U.S. Economy did, but the sky is still doing OK~ In fact the Sunset is beautiful here!!

I am not saying things aren't bad, but it is not like we (USA) will be bought out by Toyota in the next six months.

1979, terrible economy, no respect from many other countries, Iran had hostages. Interest rates were at 16%. THE SKY IS FALLING!

1980 Reagan takes over. Inauguration day Iran releases the hostages. Interest rates balloon to almost 18%. THE WORLD IS ENDING. Reagan gets interest rates below 10%. Everybody is happy.

1988 Bush 1 takes office, nothing spectacular until Dessert Storm.

Four years later Clinton has a balanced budget with a Republican congress (bipartisan politics wins finally), and the national deficit is going down. THE WORLD IS GREAT!

Terrorists start striking, the 2000-01 DOTCOM crisis hits, THE SKY IS FALLING! (again).

Four years later the building industry cannot put up houses quick enough to satisfy demand. Entrepreneurial profit rises to 40% in some markets, interest rates are at the lowest in history, but variable rates are popular now too, EVERYTHING IS GOOD.

2006-08 foreclosures are rampant, 1% of houses are in some sort of foreclosure process (that includes EVERY SINGLE 30 DAY LATE NOTICE), 5% of homes in SE Michigan, parts of California, suburban Phoenix, many Florida areas and other parts of the country are seeing higher rates of foreclosure activity. The dollar has lost 20%, Toyota is the largest auto company in the world now. THE SKY IS FALLING!

Ford is trading below $6, GM is around $10, Applebee's has lost 1/4 of its market value, NAFTA is taking American jobs.....THE SKY IS FALLING!

It is all cyclical. Americans will adapt, and they need to. 90% of Americans drive to work by themselves. In Europe it is below 60%. Americans own on average 2+ cars per household, in Europe it is 1.

Things will change and life will go on. The sky is not falling, it is another cyclical bump in the road. The above is only the last 30 years.......

 

[Lloyd Bonafide]

Ford is trading below $6, GM is around $10, Applebee's has lost 1/4 of its market value, NAFTA is taking American jobs

Ford and GM concern me, but who gives a crap about Applebee's?

 

[SANDY]

Like all those fraud cases that were going to come out in June!!! A mere pebble in the road-not even a bump. Oh Hum!!!!!!! Same as it ever was!!!!

 

[Charles West]

Hey LA Woman, Jack Miller just gave a four hour presentation at one of my investor clubs. Great guy, must be near or over 70 and wouldn't stop talking, a real gold mine of ideas.

 

[LA Woman]

Jack Miller is getting up there in years, so everytime he is speaking, his meetings are jammed. He knows his stuff, has been in the bus forever and he is a great guy.

 

[LA Woman]

Hey LA Woman, Jack Miller just gave a four hour presentation at one of my investor clubs. Great guy, must be near or over 70 and wouldn't stop talking, a real gold mine of ideas.

Hey, which investors group? PM me, maybe we are part of the same group? Its very grand.