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1929

The key point is value in real terms after inflation. Factoring in true (not the BS reported) inflation the $10k from 1987 is now worth ?????? certainly not $130k. The other factor is investment age. If you were close to retiring in 1987 and starting to pull down your investment savings you...

Hmmm are current markets looking like the lead up to the 1987 crash? The crash on October 19, 1987, a date that is also known as Black Monday, was the climactic culmination of a market decline that had begun five days before on October 14th. The DJIA fell 3.81 percent on October 14, followed...

The more I look into this Davos event the more it looks like all of Wall Street and our "leaders" will actually be there this week! That is if they aren't over there already getting in some skiing or hangover from all the partying that goes on there. This is no joke there may be no "leaders"...

:p

This time the same major Banks are so deep in the hole they are begging to SWFs in China, Singapore, & middle east to invest/save them.

Most of the worlds top businessmen and leaders are heading to Davos this week for the annual World Economic Forum. Great timing! http://www.weforum.org/en/events/AnnualMeeting2008/index.htm

Too true.

Watch our leaders in panic mode tomorrow.

Selecto. My thought is that as folks get tight for cash they will sell their unused stuff and similarly look to eBay to buy used or lower cost new items. Hell my wife has already traded down to Walmart. However, she was at the mall today and reported it was very quiet and sales everywhere.

AAAAAARGGGGHHHHHHH.......no wonder he traded up.

I had a dream.....will EBAY prosper with increased business as the economy slows and everyone starts selling their unwanted stuff on online?

Nice rate........only issue is every house in town is worth less than last year.....my 20% equity is now 0%......neighbours 39% equity is now 19%......:( Should add PMI is dead. Bank isn't interested in less than 20%down.

Friggin house of cards.....what's a few hundred billion here and there....in the old days you had to raise taxes and issue war bonds to fund wars. Not nowadays ya just print...

Really what are the rates on offer?????? No don't tell me they are 2/28 ARMS.... 0% down.....100% finance....

It's the same old story. The guy becomes successful businessman and decides to trade up to the new model.....aka. trophy wife. Generally, trophy wife is blond and good in the sack; next favorite is the mail order asian and very obedient wife. New wife is happy as long as she has gets...

Yeah Ben looked like he hadn't slept in a week. Bags around eyes ....many late nights.

Reaver thanks for the stock picks!

Buy casino stocks or any "vice stocks" just before checks arrive.....$800 will see slots before anything else :) remember those FEMA cash cards. Hell forget about checks why don't they just send every american a precharged cash card! I'm investing in manufactuers of currency paper and...

Totally agree Kin2. Ben just inherited what the previous Fed Chair created. Actually I hope Ben will take the correct approach to the problem....hold or raise rates. The new President will have the same problem of inheriting what GWB has created.