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Now I'm really worried as any time I have heard "already proven by economists" it will be proven incorrect!

Isn't that what started the last revolution.....and they say history never repeats.

Probably had options out of the money that he wanted to excercise. Bet he offered to do the segment....nice guy.

May we need to have blackhour ....I'd say 3-4pm.. Actually the current gyrations don't worry to much as we are still in August....wait until October that is the killer month based on history.

Where is that orange banner saying 800 points down from 14,000?

I think today is a black tuesday LOL. :)

Doesn't history show October to be a month of market corrections? What's the verdict on 2007?

Surely there must be lots of folks invested indirectly via 401k and IRA that must be saying time to redem in to something safe ....treasury bills? I see oil is under $70 this will hit energy stocks tomo, surely it will be a down day?

Scary stuff!

China just increased the rate. http://www.bloomberg.com/apps/news?pid=20601087&sid=ar8uC9E7ui_E&refer=home China Raises Rates for a Fourth Time This Year to Cool Economy By Nipa Piboontanasawat Aug. 21 (Bloomberg) -- China raised interest rates for a fourth time this year to cool...

I haven't heard the rumor but thy have no choice now. Credit crunch is bad....only thing is what does a rate cut do if nobody wants to hold MBSs?

I'm buying stocks in a paper company. Anybody know who makes the paper Ben will need to print the zillions of dollars on to get out of this mess?

When are they meeting?

Bank deposits are generally insured by the FDIC up to $100k. See link http://www.fdic.gov/ Check with your bank that they have FDIC insurance. However, mutual funds are seen as investments and technically are not covered.

Massive liquidity issues emerging in Money Market funds.....there is the equivalent of a run on the banks happening in the economy with hugh amounts of cash moving into treasuries. Capital preservation over yeild. http://www.bloomberg.com/apps/news?pid=20601082&sid=aFaB9JDhwpGw&refer=canada...

Ron. Check your money market holding. Vanguard report them for their funds. Prime Money Market is 20% treasury, balance is commerical paper etc.. If nobody wants commercial paper "prime or not" then that could be a problem. Bankers Acceptances 3.1% Certificates of Deposit 54.2%...

Sorry guys I own up it was my fault! I just moved all my IRAs from "prime money market" to "treasury money market" today....100% US government backed. Prime holding of AAA, AA and A doesn't mean anything if nobody wants commercial paper or investment ratings are bogus.

I agree with you. I have a neighbor who earns stacks as a VP with large fortune 500 company. He cannot get a jumbo mortgage for his new home he has just completed building after 9 months with a construction loan......interest rates on jumbo loans are through roof even if he could get the loan. I...

Atozcom.....that's what the Romans use to say about the slaves and other immigrants to Rome.. :) It's funny just how often history repeats.

I think so. I have noticed a marked increase in Immigration Customs Enforcement (ICE) vehicles in CT. They are actively raiding businesses and farms. Crops (tobbacco) are go to waste and rotting in the fields as the farmers cannot get pickers. White folks just don't want to do the back...