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Here comes another recession

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Old Aug 6, 2011 | 10:37 AM
  #31  
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Originally Posted by white_n_slow
Just a mutual fund that roughly follows the S&P

Well, that's idiotic.
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Old Aug 6, 2011 | 10:39 AM
  #32  
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It would be silly to blame any one person for this.
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Old Aug 6, 2011 | 11:15 AM
  #33  
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I blame God.
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Old Aug 6, 2011 | 08:35 PM
  #34  
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God is dead.
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Old Aug 7, 2011 | 01:58 AM
  #35  
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Originally Posted by BetterBob
I blame God.
really?
Originally Posted by TheOtherDave™
God is dead.
I wanna hear your version.


The son of god = the sun of god
The sun of god = the son of god

God is.... according to the tod.......?


I love this shit.

Last edited by Chefboiali; Aug 7, 2011 at 03:10 AM.
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Old Aug 7, 2011 | 06:06 AM
  #36  
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i wonder how much the government would save if they cut everybody's salary by 25%.... of course thats the last thing they would do.
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Old Aug 7, 2011 | 06:17 AM
  #37  
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Originally Posted by dubcac
Nobody lost any money unless they're selling their stocks or cashing out retirements today.
I have an ancillary retirement fund that I used to buy a few stocks when the market was down a few years ago. I have been unwinding positions of one of the stocks since it was up 300-400% over the past two years. Once the market settles I will reinvest.

As far as the economy goes, I consider myself to be very lucky. I have a great job with growth potential in the financial services field. The Bank I work for got out of the toxic CDO market a few years before the market burst and has been solid the past few years. They did not take any TARP money and was not a part of any government bailout. And that is why their rating is now better than the United States :happysad:
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Old Aug 7, 2011 | 09:13 AM
  #38  
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What bank? o: PM if want.
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Old Aug 7, 2011 | 04:27 PM
  #39  
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Originally Posted by Chefboiali
really?


I wanna hear your version.
I'm not sure I can recite it all, or that I should. h:

That said, I think:
a) Gandhi was right. Our modern-day Christians (at least the ones with political clout) are so very much unlike the Christ they claim to praise.

b) America simply could not lead the world in bio-tech and medical science without becoming more secular.
Long ago, we acknowledged our power and asserted our right to challenge the natural order of the world.
I'm glad we did, but as with everything, there are unintended consequences.
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Old Aug 7, 2011 | 05:13 PM
  #40  
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Originally Posted by BetterBob
Ah, a lot of GOP bashing going on in here.

It's not like we just reached 100% of GDP as debt, and the major credit rating agencies were warning that we need to put it down to 75% by 2015 or they will cut our credit rating... and then we spent 7 trillion more in the next 10 years.

yeah, the GOP is totally saying cut spending just to be obstructionist. also, they are racist.
The GOP bashing is warranted because, just like their Democratic counterparts, they failed Economic Mistakes 101.

In 1937 FDR, seeing the US economy beginning to come back up from the Great Depression, proposed a massive cut in government spending, reasoning that most of the alphabet agencies he created to combat the Depression would no longer be needed. The GOP majority in both houses of Congress went along with it.

The result: the country slid back into a deep recession which it didn't snap out of until we entered WWII.

Those who forget history are doomed to repeat it.

Last edited by sids1045; Aug 7, 2011 at 05:16 PM.
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