Would you be in good shape if your income dropped 75%

Discussion in 'Wall St. News' started by Joab, Oct 15, 2007.

  1. Goog's potential is truly unlimited. This can be said for very few companies. A 2-4 trillion dollar market cap sometime in the next few decades isn't unrealistic.
     
    #11     Oct 15, 2007
  2. Jaxon

    Jaxon

    Better than 1987!

     
    #12     Oct 15, 2007
  3. Joab

    Joab

    Citigroup making new lows and poised to drop out the bottom of its recent range.

    :cool:
     
    #13     Oct 16, 2007
  4. TOM134

    TOM134

    Joab,

    1) You're right, the party is over.

    It's over because the 'slight of hand' politicians have been directing our attention away from our economic problems (foreign debt).

    ".....U.S. foreign debt now exceeds $6 trillion...."

    "....In other words, we're mortgaging our future to pay for today's "cheap" purchases! By using the dollars they collect to buy our debt, the Chinese are putting themselves in position to exert significant control over our economy....."

    http://www.suntimes.com/business/cu...7.savagearticle

    2) And now again they blame the poor economy on the poor people.

    It's the typical slight of hand trick: "look here". And while we look at where they pointed to, they are off doing something else behind our backs.

    They are the masters of distraction.

    In reality the most significant current risk to our economy is the incompetence of the current crowd in office.


    "Paulson Says Housing Is Likely
    To Adversely Affect Economy
    Treasury Secretary Endorses
    Standards for Mortgage Brokers,
    Expects More Declines in Housing Starts

    By DAMIAN PALETTA
    October 16, 2007 11:44 a.m.

    WASHINGTON -- U.S. Treasury Secretary Henry Paulson offered a sobering view Tuesday of the pressure the housing market was having across the country, saying the decline stood "as the most significant current risk to our economy...."

    http://online.wsj.com/article/SB119...s_us_whats_news
     
    #14     Oct 16, 2007
  5. Some here would just have the girls work a double shift if net drops 50%.
     
    #15     Oct 17, 2007