and this is supposed to be a great depression?

[Willie99]

The Commerce Department says the gross domestic product, the measure of all goods and services produced within the U.S., fell at a 0.3 percent annual rate in the July-September quarter, rather than 0.5 percent the market expected.

-----------------------------------------------------------------------

How resilient is this great economy of ours? Taking a beating like a fixed tag team wrestling match, rigged by the officials, cheating by the refs, manipulated by the enablers, and still kicking.

 

[D2bets]

Yep. We are as a whole an old blue chip stock. Not going to get big time growth, not going to get big time lack of growth. Buy low, sell high. Markets overreact both ways to blips to bursting bubbles. Intermediate-term prospects have seen better times though, but valuations are good now.

 

[fletchisrhsm]

The Commerce Department says the gross domestic product, the measure of all goods and services produced within the U.S., fell at a 0.3 percent annual rate in the July-September quarter, rather than 0.5 percent the market expected.

-----------------------------------------------------------------------

How resilient is this great economy of ours? Taking a beating like a fixed tag team wrestling match, rigged by the officials, cheating by the refs, manipulated by the enablers, and still kicking.

Willie, this is where you have been very wrong about, for a long time now. The debt is out of control and the spending is just as bad. Now you also have the FED fanning these flames and you still want to point to this "resiliency"? Like your view on the DOW, i have one for the macro economey and my view is that someday this will all come crashing down and if we continue to "prop" it up like we are doing and continue to allow the FED to steal wealth through inflation, interest and money manipulation then we are kidding ourselves to think that it could ever be "resilient". It was you who said we are having a bush boom, it was you who said there is nothing wrong with the FED and it was you who said we wont have a recession. Your a CPA. That is the scary part. But that leads me to two conclusions. either you are ignorant to the danger or you have voluntary put partisan blinders on? Either way if people like you cant see this danger, then how is your average American who takes his financial problems to going to? Stop letting down America Willster, open your eyes.

 

[fletchisrhsm]

The Commerce Department says the gross domestic product, the measure of all goods and services produced within the U.S., fell at a 0.3 percent annual rate in the July-September quarter, rather than 0.5 percent the market expected.

You forget the rest...

The Commerce Department reported that the gross domestic product, the broadest measure of economic health, fell at an annual rate of 0.3 percent in the July-September period, a significant slowdown after growth of 2.8 percent in the prior quarter.

 

[DarrylParsons]

There is general consensus among experts that stock market movements are leading indicators for GDP. Since the markets went down in late Sept., it's not exactly a wonder that the Jul-Sep GDP number has not reflected much of it.

 

[tiznow]

the fun begins in q4

shit hit the fan in a big way at the very tail end of q3

as for "depression" who knows

but not gonna be a fun global recession that much i know

by the way keep your eye on the dollar

dollar didn't take off in a big way till very end of q3 too

strong dollar = bad for GDP
weak dollar = good for GDP

:grandmais

 

[Willie99]

Willie, this is where you have been very wrong about, for a long time now. The debt is out of control and the spending is just as bad. Now you also have the FED fanning these flames and you still want to point to this "resiliency"? Like your view on the DOW, i have one for the macro economey and my view is that someday this will all come crashing down and if we continue to "prop" it up like we are doing and continue to allow the FED to steal wealth through inflation, interest and money manipulation then we are kidding ourselves to think that it could ever be "resilient". It was you who said we are having a bush boom, it was you who said there is nothing wrong with the FED and it was you who said we wont have a recession. Your a CPA. That is the scary part. But that leads me to two conclusions. either you are ignorant to the danger or you have voluntary put partisan blinders on? Either way if people like you cant see this danger, then how is your average American who takes his financial problems to going to? Stop letting down America Willster, open your eyes.

Fletch, your ilk has been wrong for 75 years and counting. No offense dude, but I'm simply not very concerned about yet another prediction of doom and gloom. We have hiccups, big fucking deal. Ask someone who knows what a great depression looks like, I think they'll get a kick out of you.

 

[fletchisrhsm]

Fletch, your ilk has been wrong for 75 years and counting. No offense dude, but I'm simply not very concerned about yet another prediction of doom and gloom. We have hiccups, big fucking deal. Ask someone who knows what a great depression looks like, I think they'll get a kick out of you.

funny you should say that. I have two grandparents that are in the upper 70's who were raised towards the end of the great depression and came from family's who saved over borrowed. Honestly Wullster they are not laughing. My grandmother lost just under 25K (i know not much to big investors but alot to someone who is retired) in the Lehman fiasco and this was a woman who was a CFO for Amsco before it got bought up by Steris corp, so its not like she doesn't have an idea what she is talking about. Shes considers herself a "Republican" but voted for Ron Paul in the primary's. Wullster you can continue to put the wool over your eyes but the fact of the matter is none of these bills have came yet. you have a giant and ever increasing trade deficit, you have giant increasing national debts, constant budget deficits and the eventual entitlement bomb, not to mention the impending credit card crunch and the list goes on and on. We need serious fiscal change or we are in trouble, you can be optimistic as you want, but the truth is what it is. What is the interest rate now 1%?

:lolBIG:

 

[BossTown]

The Commerce Department says the gross domestic product, the measure of all goods and services produced within the U.S., fell at a 0.3 percent annual rate in the July-September quarter, rather than 0.5 percent the market expected.

-----------------------------------------------------------------------

How resilient is this great economy of ours? Taking a beating like a fixed tag team wrestling match, rigged by the officials, cheating by the refs, manipulated by the enablers, and still kicking.

The foreclosure problem is going to significantly worsen in 2009.

 

[Willie99]

My god fetcher

soup lines

meals of bread a water

card board cities

Hoovervilles

25% unemployment at it's peak, double digit unemployment for 10+ years

the market lost 89% of it's value

Please, just stop

hno:hno:hno:hno:hno:hno:hno:

:lol:

 

[Mistermj]

funny you should say that. I have two grandparents that are in the upper 70's who were raised towards the end of the great depression and came from family's who saved over borrowed. Honestly Wullster they are not laughing. My grandmother lost just under 25K (i know not much to big investors but alot to someone who is retired) in the Lehman fiasco and this was a woman who was a CFO for Amsco before it got bought up by Steris corp, so its not like she doesn't have an idea what she is talking about. Shes considers herself a "Republican" but voted for Ron Paul in the primary's. Wullster you can continue to put the wool over your eyes but the fact of the matter is none of these bills have came yet. you have a giant and ever increasing trade deficit, you have giant increasing national debts, constant budget deficits and the eventual entitlement bomb, not to mention the impending credit card crunch and the list goes on and on. We need serious fiscal change or we are in trouble, you can be optimistic as you want, but the truth is what it is. What is the interest rate now 1%?

:lolBIG:

LOL...then tell granny to take a 50% hit on her SS...cuz thats the type of thing its going to take.

Good luck! :lol:

If that isn't acceptable...then the only solution is economic growth.

Things are quite managable with growth....grow or die.

 

[fletchisrhsm]

LOL...then tell granny to take a 50% hit on her SS...cuz thats the type of thing its going to take.

Good luck! :lol:

If that isn't acceptable...then the only solution is economic growth.

Things are quite managable with growth....grow or die.

Debt is money. You cant escape it. The biggest deter to growth is overwhelming debt. And i dont think she gets SS to be honest, i could be wrong.

 

[fletchisrhsm]

My god fetcher

soup lines

meals of bread a water

card board cities

Hoovervilles

25% unemployment at it's peak, double digit unemployment for 10+ years

the market lost 89% of it's value

Please, just stop

hno:hno:hno:hno:hno:hno:hno:

:lol:

Willie, so your saying that cant happen again right????

:lolBIG: :lol: :think2: