[Armageddon]

link
They probably received their warning alread. The dollar crash is underway and they are cashing out and running.

[Armageddon]

sorry, i hate these long url's ( or whatever you call them ) as much as you do, I just dont know how to shrink them down.

[TheTurtle]

I fixed it for you.

To enter a shortened url while in "Post a reply" mode, simply click the 4th icon from the left on the second row (the green globe setting on what looks like a blue chain) to post a short url. It will ask you to enter the url and then ask you to input a name (your choice) for that link (I used the clever name "link" in my fix ).

[lateStarter]

Wouldn't you if you were in the same position and you knew what you apparently know as evidenced by your being here? I know I would. I think we are seeing the same thing on a corporate level, where owners are only too willing to unload their soon to be worthless heaps of scrap metal and dung. I hope they are investing the profits in something worthwhile...

[Dreamtwister]

$this->bbcode_second_pass_quote('lateStarter', 'I') hope they are investing the profits in something worthwhile...

[lateStarter]

$this->bbcode_second_pass_quote('Dreamtwister', '')$this->bbcode_second_pass_quote('lateStarter', 'I') hope they are investing the profits in something worthwhile...

[firestarter]

"Analysts say a take-the-money-and-run flight from their own companies signals a growing lack of confidence in the economy's future course, as well as fears of a possible global meltdown if the Iraq crisis escalates across borders."


Hmmm. Betcha they're just as worried about the U.S. scaling back in Iraq and all those off budget dollars that have primed the economy for the past three and half years going bye bye, and along with it the artificial health of the domestic economy.

[ashurbanipal]

Question is, will this be the meltdown, or just a recession? My guess is the latter, but we will see.

[Armageddon]

with the amount of personal debt by the average american consumer, we are entering unchartered waters. I am not optimistic at all.

[Doly]

$this->bbcode_second_pass_quote('armegeddon', 'w')ith the amount of personal debt by the average american consumer, we are entering unchartered waters.

[greenworm]

I'd do the same, heck, I am doing the same. I watched two energy sector goliaths in the past two weeks report earnings. One shot nearly 20 points, the other flat, lost 3 points in overnight and just about made it back to it's starting point. Both had monster quarters-- the difference you ask. The first company is Russian, second American.

[TommyJefferson]

$this->bbcode_second_pass_quote('ashurbanipal', 'Q')uestion is, will this be the meltdown, or just a recession? My guess is the latter, but we will see.

[Armageddon]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('armegeddon', 'w')ith the amount of personal debt by the average american consumer, we are entering uncharted waters.

[PrairieMule]

With the cashouts mentioned above I think the writing is on the wall.

I think we are headed for a recession and things will be like TJ described above. I can remember growing up in Houston and looking for a job in the summer of 1987. Once I filled out a application at Toys R Us and remember seeing it go on top of a pile of applications an inch thick.

Since I can not stop what may come down the road I keep myself sane and balanced by looking ahead and preparing. Right now I am into year 2 of a 5 year plan to start a 2nd income in cattle but if I get laid off, I plan to switch fields to Agriculture related. In fact next March I am taking a 2 hour continuing ed class at Texas AM called Intro to Cattle and Pasture Management.

I think when you look at all the vaiables we have the possibility for a possible depression but not 100% MadMax anarchy.

[Armageddon]

The housing market is going to bring all this down too.
THe US housing market is different this time - it's worse
The problem is that when the housing market or the broader economy turns down, delinquencies (late payments) and default rates on subprime mortgages shoot up. And that seems to be what’s happening now. Investment bank UBS reports that nearly 4% of subprime mortgages issued and bundled into MBSs this year are 60 days or more behind on their payments. While that may not sound too alarming, it’s the highest rate in over a decade - almost one percentage point higher than in the 2001 recession - and the economy as a whole isn’t even officially in trouble yet.
These delinquencies don’t bode well for the performance of this crop of MBSs in years to come. Typically, delinquencies and defaults pick up from year three of an MBS’s life; high delinquencies in year one are generally a sign that higher-than-usual defaults can be expected later on (because people who struggle to meet payments from the off are likely to struggle even more in subsequent years). That means that many investors who have bought subprime MBSs may soon find high default rates eating into their returns.

[TITAN]

I have thought this ever since Bill Gates and Warren Buffet did whatever it was they did...

I'm drunk...

[Armageddon]

I like your Bush quote. But remember this one ?

Bush , " Fool me once, shame on me, fool me twice shame on .... If you get fooled, you cant get fooled again "

LOL, he's such a twit

[Armageddon]

http://www.doodie.com/george_bush_polit ... mation.php

Here are some of Bush's funniest quotes. Go to start, then click on a star on the flag, and each star has a different quote. Very funny stuff.

[Daculling]

I tried to reply to titan but now he is on my ignore list cause I'm drunk as well... work it out tomorrow.