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Seriously? Who knew that being a kept man paid so well?But you know the best part? I know I work less than you and I'm pretty damn sure I make more than you. Chew on that, .
Me and the wife need to have some serious renegotiations.
But you know the best part? I know I work less than you and I'm pretty damn sure I make more than you. Chew on that, .
Seriously? Who knew that being a kept man paid so well?But you know the best part? I know I work less than you and I'm pretty damn sure I make more than you. Chew on that, .
Me and the wife need to have some serious renegotiations.
Well, that was nice while it lasted. Down 50 and dropping like a rock.
Crisis is serious but can be solved, IMF head says
By Rex Nutting, Marke ch
Last update: 10:09 a.m. EDT Oct. 9, 2008
Comments: 2
WASHINGTON (Marke ch) -- The global economic crisis is "very serious" but can be solved with quick, forceful and cooperative policies, the head of the International Monetary Fund said Thursday ahead of the fund's annual meeting.
"We are on the cusp of a global recession," Dominique Strauss-Kahn said, warning that the recovery would be very gradual, with the beginning of the recovery coming in late 2009.
The first priority is to restore confidence in financial markets, with recapitalization of financial ins utions essential, said Strauss-Kahn, the IMF's managing director.
"There is no way out" without boosting the capital of troubled banks, he said.
Stauss-Kahn said policy makers must make sure their actions are comprehensive, with clear objectives to assure public accountability. The public, which is taking on the risks on the downside, should share in the upside as well, he said.
No one country can solve this problem by itself, he said, urging the European countries in particular to work together. "Cooperation and coordination is the price of success," Strauss-Kahn said.
Strauss-Kahn said the Group of Seven has been well-coordinated for the past year, capped by Wednesday's coordinated rate cut by six major central banks. But he argued that the G7 process, no matter how good it is, can't fix what's become a global problem affecting at least 60 countries. End of Story
I'm already stocking up...
Luckily .308 Winchester isn't the most popular ammunition out there.
Just blew right through 9000 and still heading south. Down 3%+ just today so far...
Down another 1/2% just on a refresh. Headed for 8900.
just blew by 8900. down 4%. Still 40 minutes till close.
I predicted a 7,500 DOW.
Scary .
It blew by 8,800 too.
Wow. Its almost lost 50% of its value from its peak. Pretty god damn insane.
this is it. the end is happening right at this minute.
When is are the bargain hunters going to come in and stop this? Is the damn pessimism really this bad? The stock market is an indicator of economic health, but its also a good indicator of the psyche of a market and right now I think the only thing you can say is that its obvious how worried the investors are.
Its far from the end. The infrastructure of this country has not changed one bit in the past month. The true wealth of this country is still completely intact. That doesn't mean things aren't serious, but its something to remember in times like these.
my bad I meant the beginning of the end.
If I was a bargain hunter I would wait until it almost hits bottom. I think that is not happened yet. maybe friday.
I'm waiting for 8000.
(Although I might have to adjust that to 7000)
, I might go all in too if it hits low 7000s
The tough part is knowing when its hit bottom. Either way, the DOW will be back over 1200 within the short term future. So a smart investor could make a killing in the next 5 years or so.
You were saying you've been preparing for this so I'm assuming you're pretty liquid or close enough to make a lot of moves. I hope you make out like a bandit.I'm waiting for 8000.
(Although I might have to adjust that to 7000)
It's all in timvp's plan to eventually buy the Spurs.
I'm hoping for mass panic in the next week.
Original FSP members should get a box IMO. We should just take over the Baseline Bums and kick those old ers out.
Naw, who would I complain about then? I need my tractor jokes.
Although speaking of Holt, I wonder if he wishes he would have sold the Spurs last year. Given the current economy, the lowering enthusiasm of Spurs fans and the end of the Duncan era, the Spurs will probably drop in value pretty substantially within the next two years ... if it hasn't happened already.
Aw, . I didn't hear about this place initially. For a couple of weeks I was wondering where all the quality posters went to until I got the email from LJ.
naw... you could save us from the Kidd or Bust II 2010 plan.
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