America's Financial Crisis

[gmd]

Re: America's Financial Crisis

Perhaps that is true. But at least the US still has those 3 things to fall back on once the "money bubble" evaporates. It is still one the top exporters in the world (if not the top) so if the rest of the world starts doing "better" than before, that will only help the US

Problem may be that since this is all just a high-stakes confidence game. If enough people see the US as a con-artist then the cost of doing business will erode any significant gains. I think if the US is to recover post a major recession/depression then it will be by turning back on globalization. (I am aware of how that type of thinking contributed to the 1st depression; i am talking about a recovery phase). Starting with the vast sums spent on military bases around the world and on an overwhelming offensive "defense" force.

[gmd]

Re: America's Financial Crisis

"America is bankrupt. How are these stupid candidates going to pay for all their programs they intend? These dumb voters never even think about these things, or how they were able to pass the bail out had it not been for the fact that they had to raise the cap on the national debt limit."

to use the drug addict analogy,
we need to hit rock bottom before we can recover.
based on that i recommend voting for the candidate that will squander the most money in the shortest period of time.

[Azad]

Re: America's Financial Crisis

Another 700 points lost today.
The feds bailed out the thieves and they were having a party.

" WASHINGTON -- Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy."

http://newsok.com/aig-execs-retreat-after-bailout-angers-lawmakers/article/3308574

Never in my life have I seen more fcked up people.

[crusader1492]

Re: America's Financial Crisis

My portfolio is down by 1/3 from it's high (which was about one year ago)...that's BAD.

I'd be curious to find out how any of you are fairing/

[yerazhishda]

Re: America's Financial Crisis

My portfolio is down by 1/3 from it's high (which was about one year ago)...that's BAD.

I'd be curious to find out how any of you are fairing/

As of 10/9...

BMY -$1688
FRE -$3700
MSFT -$898
GOOG -$697
PFE -$1032
AIG -$10558 ()

Of course this all at wallstreetsurvivor.com...so no worries.

[Azad]

Re: America's Financial Crisis

I lost 40% of mine when the tech. gave up 5 years ago. So I locked the remaining into 5.5% CDs for the next 7 years. Means nothing if the $ is worth to wipe one's but. Gold would have been best. Well, well, money never made anyone happy.

[Mos]

Re: America's Financial Crisis

american economy is fine, there more worse economies at stake there like our Armenian economy

[Armenian]

Re: America's Financial Crisis

My portfolio is down by 1/3 from it's high (which was about one year ago)...that's BAD. I'd be curious to find out how any of you are fairing/

When it comes to finances I'm a bit conservative and old fashioned. I was never one to trust the markets. I actually get very turned-off by Stock Market talk. However, for purposes of diversification, ten years ago I placed some money in stocks/mutual funds. Needless to say, I got into the Stock Market when it was at its height. I have not placed any additional funds into my portfolio since the year 2000. Today, my ten year old portfolio's dollar worth is approximately half of what it used to be in the year 2000. However, most of my modest financial wealth is in real estate, government bonds, bank CDs and overseas. My suggestion to all who have money to park or invest - 'diversify' your investments. Diversify in the truest sense of the term. Purchase precious metals, purchase government bonds, purchase strategic real estate, purchase Euros, etc...

[Azad]

Re: America's Financial Crisis

... modest financial wealth

I like the oxymoron.
Come on Armenian, just spit it out. You do sound wealthy, at least in knowledge.

[gmd]

Re: America's Financial Crisis

My portfolio is down by 1/3 from it's high (which was about one year ago)...that's BAD.

I'd be curious to find out how any of you are fairing/

31% this year alone.
at least i sold all my options last yr before the stock of the company i work at collapsed.