Author Topic: Poor economy?  (Read 2605 times)

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NT-OUTBACK

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Re: Poor economy?
« on: Nov 27, 2007, 12:22:03 AM »
Maybe I'm just not the optimist, but I see and can read the data and draw my own conclusions. This economy is heading into the toilet. I see no point in being in denial myself about the long term ramifications of bad loans, government debt, crumbling housing market, high oil prices, stock market that seems to lose 200 points a day lately like its no big deal. This subprime loan garbage and housing crap is going to make the aftermath in economic terms of 9/11 look like a cupcake compared to a wedding cake.

I also find it funny that the reserve is throwing billions of dollars in parachutes these days like it is nothing further depressing the dollar. I wonder what China thinks

 
 
 
 
 

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