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Originally Posted by b2pilot186
(Post 574868)
We're all doomed!...Doomed I tell ya! Sheesh guy, have a little optimism...This country has bounced back from worse. People on this board were predicting the doom of this industry because of rising oil prices. Some dingaling even predicted $300/barrel oil and has since quietly slunk off in embarassment. NO ONE on THIS board has the slightest clue what the economy will look like in 3 months.
B2P |
Originally Posted by TimoC
(Post 574870)
Prediction for next 3 months...BAD to WORSE.:eek:
B2P |
Don't despair guys. I know of a man who immigrated to the US from Kenya as a child and despite having a zero balance in his debit account just seven short years ago and never in his life holding a nine to five job, he has managed to gain employment in a very high executive position. He is many times a millionaire now and even has several private jets.
Hard work and honesty can get us where we want to go!:) |
Originally Posted by b2pilot186
(Post 574868)
We're all doomed!...Doomed I tell ya! Sheesh guy, have a little optimism...This country has bounced back from worse. NO ONE on THIS board has the slightest clue what the economy will look like in 3 months.
B2P I agree that predicting what the domestic/global economy might look like 3 YEARS into the future is murky, but the 6 different publications I read each week ALL AGREE the recession/depression only deepens over the next 3 MONTHS. Morgan Stanley this week is warning of a DEPRESSION significantly worse than the 1930's. Given the economic data and the 6-month lag any stimulus requires to become apparent (Econ 101), I am personally ABSOLUTELY CONFIDENT in predicting our economic situation will look WORSE in 3 months! Call me an idiot if you wish. Joe |
Originally Posted by Avg Joe
(Post 574898)
Wow!
I agree that predicting what the domestic/global economy might look like 3 YEARS into the future is murky, but the 6 different publications I read each week ALL AGREE the recession/depression only deepens over the next 3 MONTHS. Morgan Stanley this week is warning of a DEPRESSION significantly worse than the 1930's. Given the economic data and the 6-month lag any stimulus requires to become apparent (Econ 101), I am personally ABSOLUTELY CONFIDENT in predicting our economic situation will look WORSE in 3 months! Call me an idiot if you wish. Joe |
Originally Posted by jungle
(Post 574897)
Don't despair guys. I know of a man who immigrated to the US from Kenya as a child and despite having a zero balance in his debit account just seven short years ago and never in his life holding a nine to five job, he has managed to gain employment in a very high executive position. He is many times a millionaire now and even has several private jets.
Hard work and honesty can get us where we want to go!:) |
Just keeping checking the ol' 401 K balance.:eek:
Mine's down about 39 percent. Could be worse at 0. |
How about we wait and see, that's all we can do! We can't control this mess! Avg Joe, your a bit to negative for my taste and Jungle maybe you should got back to photography cause I really like your pictures!
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Originally Posted by Shaggy1970
(Post 574908)
How about we wait and see, that's all we can do! We can't control this mess! Avg Joe, your a bit to negative for my taste and Jungle maybe you should got back to photography cause I really like your pictures!
Thanks Shaggy, bring this up in three months and we can open the time capsule and see what's what. I hope you have a good laugh at my expense. |
Originally Posted by jungle
(Post 574913)
Thanks Shaggy, bring this up in three months and we can open the time capsule and see what's what. I hope you have a good laugh at my expense.
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