Interesting Economic Times - What is going on with the economy?

[randallg99]

Re: Interesting Economic Times - What is going on with the econom

What gets me is the people who, understanding how financially strapped this country is right now -- want to spend more money on more programs. Isn't that part of what got us here in the first place? Spending way more money than we take in....

If we're ever going to get the countries financial house in order, it needs to start with balancing the budget ASAP, and cutting all of these programs that are spending us into the poor house.

If the country had all this money sitting around in an emergency fund for this financial bailout, that would be one thing -- But we didn't, and again it had to be borrowed -- and again we're just defering the pain.

- Hakrjak

it's the least of all of the evils at this juncture...

the options are incredibly dismal . world markets were freezing. and hell, even US treasuries were selling like they were going out of style... the run to safety was unprecedented in our history.

lot's of good points on this thread-

people who made money during tumultuous times during the 1930s, 60s, 70s, 80s probably had a few things in common: they focused on what made them money and they pursued them... we have all talked about how we make more money and that's the key. just keep doing it but now use more prudent steps in analyzing deals, real estate, stocks and other investments. during the economic slowdowns, adjustments were made and opportunities became available to those who were looking.

the markets will most likely take another beating (just my opinion, of course)... it's pretty obvioius, right? now, if this is my conviction, why would I be long in the markets? that would be pretty stupid.... well, folks... many people keep their money in the markets during these crazy gyrations and then spice up their starbux latte with tears on Sunday when they read the NYTimes . reading some of these threads are probably not reassuring for those people. but it is for us. we know there is an opportunity. it's up to us to sieze them.

depending on one's forte, words like "recession" and "slow down" mean nothing.... they shouldn't because all they do is make you second guess and take your eye off the ball. there's a curve ball coming. be prepared.

 

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