"Recession is just entering its most difficult phase.” Standard & Poor’s - 4/15/2009

[hayman]

Quote from S2007S:

commercial mortgages

and

credit card delinquencies

These 2 are the next wave of problems to enter wallstreet, new lows on all indexes will surely be the case.

Agreed, but add 2 more to the list:

1) Private College Tuition Delinquincies. It's just a matter of time before a lot of these Private Universities go belly-up;

2) The Health Insurance Industry. No on can afford these ridiculous premiums any more.....that industry is in shambles.

 

[S2007S]

Quote from hayman:

Agreed, but add 2 more to the list:

1) Private College Tuition Delinquincies. It's just a matter of time before a lot of these Private Universities go belly-up;

2) The Health Insurance Industry. No on can afford these ridiculous premiums any more.....that industry is in shambles.

Totally agree, havent really taken time to read up on either of those 2 areas yet but will do so. Private Universities are definitely going BYE-BYE.

 

[ralph00]

Quote from RiceRocket:

Things are about to get much worse. I personally know quite a few people that are about to go bankrupt and will not be able to pay their payments on anything by the end of the month.

May is going to be the beginning of a summer from hell for the US economy. All that bailout money should have been going to re-capitalize small businesses, not the banks.

If the government thinks the banks are too big to fail, just wait until they find out what happens when small businesses go under en mass. It was the small and medium sized business community that was really too big to fail.

Were you the guy who made the "buy" call on US Bonds back in October/November? If I didn't say it then, that was a great f-ing call.

 

[Eliot Hosewater]

Quote from GCSICLRBC:

Hey ByLo,

Thanks for sharing the story of your buddy.

He made a high income but evidently didn't know the diff. between an asset (pays you) & a liability (you pay for it).

He prob. owns a lot of negative cash flow RE, & not enough money in gold, silver, margin accounts (futures), CTA mgd. futures & the like.

Best lesson from RICH DAD, POOR DAD is the difference between the two.

Anyhow, thanks again for sharing

By your (and RDPD's) definition then gold and silver are not assets. you buy and hold and hope they go up. Also if you hold the physical then you have costs.

 

[Wallace]

doesn't Florida have a large problem that being a none income tax state
that relies on sales tax income it's going down the tube since that revenue
has declined massively and continues to dry-up
property taxes for one are likely to rise significantly which would only add
to their realestate problems