Worldwide recession very near?

Discussion in 'Economics' started by clambill, Mar 24, 2010.

  1. Portugal has been downgraded by Fitch which means Europe may face some difficulty trying to sweep problems under the carpet. This may mean one country after another being downgraded so lower markets in Europe then lower stock market in the US, Asia, lower oil, etc...

    blah, blah, blah, welcome to Lala Land?
  2. Lethn


    We already had one, who's to say there won't be another?

    Only a moron thinks otherwise, it's like with a hurricane, you're going to be in the centre for awhile and there will always be a few stupids who come out and end up getting blown apart by the rest of the hurricane instead of staying inside like they should or for instance with the media they try to convince everyone else that it's over and try to entice them out.
  3. I like how your post number was 666 when you wrote that.
  4. Doesn't a downgrade basically raise the interest rate these countries pay? If so, we can look forward to hedging with currency to USD and interest rate derivatives and a new round of making money hiding this or that debt.

    I don't know just putting a thought out there.
  5. Lethn


    lol :p

    The end is nigh!
  6. Run up an SPX chart with a 666 week MA..
  7. gucci


    Don't know much about the recession, but this is the best time to short this babe...:D
  8. marine


    I don't know about this ... I think eventually you might be right but nobody knows when it's going to turn. You could be like LTCM just a year to early.
  9. Lethn


    Once this weird rally ends that is when it will be the time to short, I've lost $100 twice and thankfully I've taken steps to prevent it this time.
  10. Ratings agencies are useless. The '08 crash taught us that. Portugal is no worse off now than they were a day or a week ago. Can't believe people still value what these agencies have to say.
    #10     Mar 24, 2010