Poll: Are US officials too optimistic about the economy?

[TDMVPDPOY]

Ah, monetarism. Australian reserve bank still has some string to play with.

Those were the days.

too bad the big4 banks down here are wankers when it comes to complying the recommendations from the reserve......so far they are doing well though, even with low forecasts, a profit is always profit, better than no profit.

[Winehole23]

I did the same thing by starting up my government TSP. I can't imagine stocks can drop THAT much more... right?

Get out of equities for the next two years is the Jim Cramer advice. Let that sink in. Mad Money guy said get out and get cash positions. For two years.

[TDMVPDPOY]

Get out of equities for the next two years is the Jim Cramer advice. Let that sink in. Mad Money guy said get out and get cash positions. For two years.

yeh keep cash if ur not going to invest, just wait if this gets more ter, then certain investments you been eyeing to purchase could become a bargain.....like a property or some since prices continue to fall....

[SnakeBoy]

Too late, TDMVPDPOY. GDP was down 6.2 in the 4th qtr. The US savings rate recently reached a seven year high.

Your chart doesn't cover a large enough time frame to show where we are headed. We'll get back to 7-8%. The contraction (err..correction) is just getting started.

[Winehole23]

The contrast with the debt e is illuminating, SnakeBoy. Nice.

[TDMVPDPOY]

oi snakeboy

thats because you got the jones wannabes spending more than what they earn....doesnt help when you have easy money from plastic cards which can up personal debt if not managed properly. I see a majority of that debt could be in the form of student loans or mortgage loans debt.....

[Wild Cobra]

Investing into the teeth of the storm. Bold, WC.

Buy low, sell high...

[Winehole23]

WSJ: 20% chance of a depression.

[LnGrrrR]

WH23, I don't make enough money (active duty military) to worry aobut losing all my cash... just taking a small, relatively safe bet.

And Cramer can kiss my ass

Besides, I'm military, so if stuff really hits the fan, I'm on the side with guns... lol

[Winehole23]

WH23, I don't make enough money (active duty military) to worry aobut losing all my cash... just taking a small, relatively safe bet.

And Cramer can kiss my ass

WH23 endorses this sentiment.

Besides, I'm military, so if stuff really hits the fan, I'm on the side with guns... lol

[Winehole23]

We'll get back to 7-8%.

It's already at 5%.

[TDMVPDPOY]

It's already at 5%.

we going backwards down here atm....govt still trying to sugarcoat to avoid recession......cant avoid it when other countries are in recession, and australia relies to much on its exports for trade ....i doubt any other fukn westernize country produce domestically anymore....fkn outsourcing es

[Winehole23]

we going backwards down here atm....govt still trying to sugarcoat to avoid recession......cant avoid it when other countries are in recession, and australia relies to much on its exports for trade .

Sugarcoat? That seems familiar.