The United States is Finished!

Quote from CStar:

I won't argue with your insight that this is a bearish period but I think you are taking it too far into that direction at this present course of time. The equalizer will be an eventual downturn in the European housing market and hopefully a downturn in the Chinese economy, which according to recent growth reports is already happening. This should help equalize the dying dollar as long as all the chatter that has finally reached the Fed to quit relying on rate cuts and do something proactive with the government to help fix bad loan policy holds together. I thought the next rate cut Tuesday would be 1/4 point but I just heard a news flash they did an emergency cut sometime today, Sunday in the U.S. That makes sense to me, because it will give investors some time to digest it over night. I think Wall Street tomorrow will retreat another 200 points, as I really feel they were anticipating a 3/4 point cut on Tuesday. Hopefully, somewhere around 11,400 will be a bottom in the next 30-days.

I'd like to see the Euro trading at about 1.43 by May and I hope that by the end of the year the Fed can get the Fed Rate up to 4.00% to equalize this commodity inflation they have brought us into with these reckless cuts. Not cutting would have only caused Wall Street to stagnate but I feel the panic cuts caused financial insecurity that did even more damage to Wall Street and real damage to commodity inflation and the devaluation of the dollar.

If anyone else agrees or disagrees with my take on this, I'd like to read what you have to write about concerning this subject.

Pete
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We have more doom and gloom in our country than yours- no doubt. We are weak and cowardly and we fear things before they happen.
 
Quote from Landis82:

And what does this "thread" have to do with Trading?
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Its a metaphysical outburst from the lollipop factory from someone surrounded by white coats and burly nurses- hence its significance cannot be discounted.
 
Quote from midlifeguy:

Seriously, what is our future? We got rid of all the higher paying jobs to China, India etc...we are in massive debt, Thanks BUSH!, and have a free falling dollar.
The amount of job losses yet to come here in the next few months is going to be staggering. It literally will be in the millions. Our banking system is basically worthless. Mark everything to market and Citigroup, Lehman, Merrill etc are worthless.

Housing will not recover in our lifetime. The demographics of an aging population do not support 4 and 5 bedroom homes. This will be a minimum 20 year bear market.

Bush and Cheney have fleeced the public of their savings with the high oil prices. Hope they are happy.
They cannot take it with them.

We are seriously doomed as a Country. I can see Dow re-testing post 9.11 lows around 7400 and
the Nasdaq falling below 1000.

The Depression has just begun.
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IF this land was only populated by cowards and weaklings like you we would have been finished 200 years ago when we set foot and took over this continental real estate from Indians. (Never underestimate a White man).
 
never underestimate a white man you say?

OMG , you have no business trading in this market, this isn't about race you dumb s hit. If anything, white folks did this to the market and lets see if they can get themselves out of the pile of s hit
 
Quote from Mercor:

All those job are you say we sent overseas are all working to provide the US markets.....In a meltdown...the USA will be able to survive even if we have to close our country from any international involvment. We have food , fuel, assets, innovation, we can survive but in a much smaller economy.

It is the rest of the world that will collaspe...just think if suddenly there was no military keeping the shipping lanes open or supporting international treaties...you don't think Iran or North Korea or Russia would hijack and extort this situation.
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you sir should be running for the president, you got my vote, a refreshing reflection on USA
 
Quote from midlifeguy:

Seriously, what is our future? We got rid of all the higher paying jobs to China, India etc...we are in massive debt, Thanks BUSH!, and have a free falling dollar.
The amount of job losses yet to come here in the next few months is going to be staggering. It literally will be in the millions. Our banking system is basically worthless. Mark everything to market and Citigroup, Lehman, Merrill etc are worthless.

Housing will not recover in our lifetime. The demographics of an aging population do not support 4 and 5 bedroom homes. This will be a minimum 20 year bear market.

Bush and Cheney have fleeced the public of their savings with the high oil prices. Hope they are happy.
They cannot take it with them.

We are seriously doomed as a Country. I can see Dow re-testing post 9.11 lows around 7400 and
the Nasdaq falling below 1000.

The Depression has just begun.
More...

So let me get this straight, it sounds like you are saying:

1. Bush forced all the American companies to outsource to foreign countries.

2. Bush somehow magically took control of the commodities market and made oil skyrocket or perhaps you are suggesting that Bush has powers over nature and forced Katrina to hit Louisiana causing the initial oil shortages.

3. Bush made the construction companies build more houses than there were buyers, made the banks lend money to people that couldn't pay it back to try and get the excess houses sold, he made the borrowers default on these loans, then he made Ben Bernanke print more money to try and bail out the banks. (THIS is why the economy is doing poorly and the dollar is weakening)

Seriously Bush is not a good President but he doesn't control the price of oil any more than he controls the price of Microsoft Windows. He doesn't control the weather, earth quakes, tsunamis, the amount of houses that get built, who banks loan money to, etc.

PS....THE SKY IS FALLING!
 
Quote from Maverickz:

So let me get this straight, it sounds like you are saying:

1. Bush forced all the American companies to outsource to foreign countries.

2. Bush somehow magically took control of the commodities market and made oil skyrocket or perhaps you are suggesting that Bush has powers over nature and forced Katrina to hit Louisiana causing the initial oil shortages.

3. Bush made the construction companies build more houses than there were buyers, made the banks lend money to people that couldn't pay it back to try and get the excess houses sold, he made the borrowers default on these loans, then he made Ben Bernanke print more money to try and bail out the banks. (THIS is why the economy is doing poorly and the dollar is weakening)

Seriously Bush is not a good President but he doesn't control the price of oil any more than he controls the price of Microsoft Windows. He doesn't control the weather, earth quakes, tsunamis, the amount of houses that get built, who banks loan money to, etc.

PS....THE SKY IS FALLING!
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You can't say Bush DID any of this, but he sat idly by while it all happened.

Just what has he done in the last 7 years?

- allowed 9/11 terrorist attack, despite warnings that Bin Laden was a major threat. Everyone agrees that he didn't want to hear about terrorists before 9/11.

- gave a speech saying if you weren't with 'us' then you were against 'us'.

- gave a speech telling everyone to go shopping.

- invaded Iraq.

- gave a speech telling everyone to go shopping.

- gave a tax cut to the rich, trying the 'trickle down' theory yet again.

- gave a speech telling everyone to go shopping.

- played guitar while New Orleans was being destroyed.

- gave a speech telling everyone to go shopping.

- gave a speech saying the economy was 'shtrong', several times.

- gave a speech telling everyone to go shopping.
 
everyone with half a brain knows bush is an idiot. But, what's scary is that he was voted for a 2nd term by the american public, what does that say about america?
 
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