Financial Crash
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- BillGates
will it really happen??
i think there are some serious signs pointing to it. all market are going up and down and people are getting freaked out
maybe its time for me go cash out my actions.
- mg330
this thread is made all the more hilarious by the fact that when done reading, I see that it's by Bill Gates.
- capn_ron0
Holy Crap! Bill Gates is worried about the crash! I better get my two dollars outta the market then.
- k0na_an0k0
I know mg33. I saw that too. hahaha.
Actually, I'm loving this right now.
When I got let go from my full-time job their stock was at $27. Blah blah blah "Streamlinging" "Restructuring" "For the Future" bullshit and 2 days later the stock soared to $33 a share. It's highest ever. Motherfucker CEO to save his job, which his whole goal was to get the stock to $30 a share, let 55 employees go so the stock could make the $3 jump to 30.
Yesterday it was $21.
HOW'S THAT STREAMLINING THING WORKING OUT FOR YOU CORPORATE BASTARD NOW!?
- k0na_an0k0
ps. don't worry. china will bail us out. haha.
- mrdobolina0
all signs point to depression right now, don't kid yourselves.
- dirtydesign0
i dRaW pIcTurEs
- JesseJensen0
Oh man, thank you. For that was more informing than three buckets of dough trying to raise one's bread.
- jaylarson0
this is a GREAT buying opportunity! the market is 80% psychological. people freak out too much.
- mrdobolina0
I love how people just act like there is absolutely no possible way that it could crash...
- mrdobolina0
I publish housing foreclosure notices at my job. They are at a higher volume than they have been since 84, a lot higher. This is a huge pre-cursor to recession, depression whatever name you want to call it. You cannot continue selling out the country and not expect to pay the piper.
- k0na_an0k0
i think a lot of that had to do with people buying houses they could not afford and having a difficult time selling their old house when interest rates were at an all time low. people started cashing out their equity and buying new cars n shit. then they come to find out their taxes for their new house that was twice as big as their old house is now twice as much.
build build build but who's going to fill em?
- Rand0
when it gets really low I'm gonna get out of my cash position
at last a chance to make up for the tech bust
- BillGates0
when it will crash
don't blame windowsjokes appart
all signs are showing a crising approaching, its now up to you to deal with it. believe it or not, its your choice
- BonSeff0
i dont get it though, your taxes are put into an escrow and rolled into a pmt, how could taxes be a surprise.
i put the blame on the banks, they took too many risks. itll level out.
its a serious buyers market now. investors will see the oportunities in the market.
- k0na_an0k0
bonseff. people who don't read the fine print actually think they can get a loan for $350,000 for 1400 a month. not including escrow taxes of course. that comes after the paperwork is done . kind of like sticker shock when buying a car with a window price of 10k. then after it's all said and done it's somehow 16k.
or, some peeps get into the arm for 2 years thinking they'll just refinance again, then when they get stuck with the massive new rate their screwed.
- BonSeff0
shady brokers
- mrdobolina0
the sub-primes and ridiculous arm loans are killing people. Was listening to Hartmann and he was talking about when filling out paperwork to get your mortgage some of these brokers were not researching proof of employment. They would let you state any income and approve the loans. Interest only loans, shit like that. Then, the government will bail these companies out just like they did with the savings and loans. But all you hear about are welfare queens, the people never get bailed out, but the corporations will, 2007 is a lot like 1987 in America.
- k0na_an0k0
shady brokers
BonSeff
(Aug 17 07, 13:44)absolutely
- mrdobolina0
plus as jobs drift away, people are forced to re-finance so that they can keep their homes. Imagine making 60 grand a year as a machinist, living your life, dope car, big house. Wham, job moves to Mexico. Try to find a new machinist job paying that money. Use all your savings staying afloat, then what? unemployment runs out, you are seriously underemployed at some job that pays 30 percent of what you made before. You re-finance, pull out your equity. pay payments at a high rate, and so on.
Cant always blame people for being stupid.