"The Coming Depression"

[billbeater]

Here is a site that we may have to take note of as times worsen. hno:

http://www.thecomingdepression.blogspot.com/

 

[Dilrod]

30% unemployment here we come

 

[billbeater]

read with caution, or take zoloft before reading, very depressing economic content
:drink::drink::drink::smoking::smoking::smoking::hump::hump::hump::shocked::shocked::shocked::think2::drink:hno:hno:hno:uke1::notme::wierdo::coke::coke::coke:

 

[eek.]

The financials could still go up over the next year or so.

In the national interest, they should Nationalise the banks, especially the retail sector.

:grandmais

 

[roadreeler57]

Could happen... Saw an article in I think it was gopusa E-mail about the military gearing up for possible civil unrest in this country... It sounded so gloomy I did'nt want to post it I prefer to look at the bright side so as not to get depressed or worry about it.

 

[pubguy]

 

[billbeater]

We gotta love seeing the casino bizness go down in flames! :toast: i guess stealing isnt so easy anymore....

In this market, the larger the fortune, the farther the fall.
Casino mogul Sheldon Adelson was on top of the world he spent his life amassing a mega-fortune in conventions and casinos--was worth $28 billion.
Since the beginning of 2008, LVS shares have plummeted 95%, erasing $24 billion from Adelson's fortune.
Following Adelson in the loss column is America's second-richest man, Warren Buffett. The Oracle of Omaha (who held the title of world's richest man in March) lost $16.5 billion as shares of Berkshire Hathaway (nyse: BRK - news - people ) fell 28% this year.
Software visionary Bill Gates was America's third-biggest loser; he watched his shares of Microsoft (nasdaq: MSFT - news - people ) decline 45%, wiping $12.3 billion off his personal balance sheet in 11 months.
Rounding out the top five biggest losers: investor Kirk Kerkorian and Google (nasdaq: GOOG - news - people ) Co-founder Larry Page, who each lost $11.9 billion. Page's Google shares shed 59% of their value this year.

Kerkorian lost billions in his casino, oil and auto stakes. His largest holding, MGM Mirage (nyse: MGM - news - people ), is down 87% since January. He also recently disclosed he sold a significant portion of his shares of Ford at a loss.

Stephen Schwarzman's 234 million shares in Blackstone Group (nyse: BX - news - people ) were worth $5.2 billion 11 months ago. The stock has fallen 72% since then, reducing the value of Schwarzman's stake to $1.5 billion--a loss of $3.8 billion.
Wesley Edens, co-founder of hedge fund Fortress Investment Group lost 1 billion his shares are worth less than $100 million.