The economy is going to hell

Have you ever been to hell? It's not nice

Just so you are prepared, more and more people will lose their jobs along with increased inflation, possibly hyper inflation. By the end of 2009 or thestart of 2010 it will be really bad, a lot worse than it is now. If you have a substantial amount of money, buy either gold bars or gold coins to counter the inflation. That will secure your assets.

Oh and if you still have stocks, sell them fast. We don't have a gold standard to rely on this time, so expect terrible inflation.

You can quote me on this 6-7 months from now

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

KG86

Every man for him self :p

You can't just wait for your stocks to decrease in value. China is interesting though as they still have a rather substantial yearly growth

[QUOTE="KG86"]

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

Dark-Sithious

Every man for him self :p

You can't just wait for your stocks to decrease in value. China is interesting though as they still have a rather substantial yearly growth

The monetary system is killing us all!

[QUOTE="Dark-Sithious"]

[QUOTE="KG86"]

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

Dr_Brocoli

Every man for him self :p

You can't just wait for your stocks to decrease in value. China is interesting though as they still have a rather substantial yearly growth

Umm, no. You do know why the economy fell to it knees?

The time for discussing this on forums has ended. *grabs shotgun*Time forsome good ol' fashioned lootin'.

The economy's not good, but it'll rebound sometime.

S'all cool G's...

I'm 15 8)

[QUOTE="Dr_Brocoli"][QUOTE="Dark-Sithious"]

Every man for him self :p

You can't just wait for your stocks to decrease in value. China is interesting though as they still have a rather substantial yearly growth

Dark-Sithious

Umm, no. You do know why the economy fell to it knees?

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

KG86

How will unemployment and inflation both increase? There will not been an increase in inflation without an increase in employment unless there is a supply shock of some kind. -Sun_Tzu-

The gov. is spitting money into the market, thus increasing inflation.

In times like this, selling all your stocks would be a stupid idea. If anything, because of the low prices, you should be buying stocks. That way, when the economy gets better, your stocks increase, and then you can sell them for a profit.

[QUOTE="KG86"]

I don't know much about economics but isn't everybody selling their stock going to make the economy worse?

Bourbons3

Taking your money out of the bank if you're not going to spend it on anything is stupid yes. But selling your stocks now is the wise for you as an individual to do.

The market is going to rebound, but the stimulus bills aren't really helping the economy, even short term it's not that great, and in long term, it is going to increase inflation and devalue your assets.

Let's say there's 10.000X in circulation and you have 1000 X, so you have 10% of all the money, then the Gov decides to spit in another 10000X to stimulate the economy, then you still have your 1000X, but you only have 5% of the total money.

In times like this, selling all your stocks would be a stupid idea. If anything, because of the low prices, you should be buying stocks. That way, when the economy gets better, your stocks increase, and then you can sell them for a profit.

Legendaryscmt

The thing is, the economy isn't going to get better anytime soon. And the stocks can go lower, they can go all the way down to 0, and then you're ******

I have faith that the market will self correct despite the irresponsible government spending. It won't stop them from taking credit though.

pretty sure most ppl know thisNSR34GTR

Apparently not.

A lot of people think all the stimulus bills will suddenly kick start the economy, which simply won't happen. The economy will rebound, but not artificially

I have faith that the market will self correct despite the irresponsible government spending. It won't stop them from taking credit though.

DaBrainz

Yes it will, but it will take some time, maybe a decade or more. But as long as gov are spending inflation will skyrocket. USA has spent more than their 2008GDP in stimulus bills. If you don't think this will result in inflation, well then have fun in your bubble

Have you ever been to hell? It's not nice

Just so you are prepared, more and more people will lose their jobs along with increased inflation, possibly hyper inflation. By the end of 2009 or thestart of 2010 it will be really bad, a lot worse than it is now. If you have a substantial amount of money, buy either gold bars or gold coins to counter the inflation. That will secure your assets.

Oh and if you still have stocks, sell them fast. We don't have a gold standard to rely on this time, so expect terrible inflation.

You can quote me on this 6-7 months from now

Dark-Sithious

[QUOTE="DaBrainz"]

I have faith that the market will self correct despite the irresponsible government spending. It won't stop them from taking credit though.

Dark-Sithious

Yes it will, but itwill take some time, maybe a decade or more. But as long as gov are spending inflation will skyrocket

[QUOTE="Dark-Sithious"]

Have you ever been to hell? It's not nice

Just so you are prepared, more and more people will lose their jobs along with increased inflation, possibly hyper inflation. By the end of 2009 or thestart of 2010 it will be really bad, a lot worse than it is now. If you have a substantial amount of money, buy either gold bars or gold coins to counter the inflation. That will secure your assets.

Oh and if you still have stocks, sell them fast. We don't have a gold standard to rely on this time, so expect terrible inflation.

You can quote me on this 6-7 months from now

MetallicaKings

You mean I haven't seen the upturn? But wait, more and more people are losing their jobs, so a slight temproarlyupturn on the Dow Jones is insignificant

Is AIG's shares still cheap as chips?

The economy might go to hell.. But for those with a stable job, wouldn't times become better?horgen123

Well, if we assume that you can keep your job regardless of the economic situation, then times would still get worse due to inflation, at least in the beginning.

Poor economic growth will eventually lead to deflation, unless the Gov does something stupid again.

It's temporary and it will surely go up again. No doubt about it. All countries are investing in their own economy, like China, who has invested about 12% of their GDP into their economy to stimulate consumption within their country, since the export has decreased, because the US is their most important customer, when it comes to exports and we know the US story so we won't be expecting a lot, if the US aren't healing their economy. But they will rise again, along with the help of Obama.Lance_C

Yes it is temporary, but it will still take some time

Don't worry. World War III will jumpstart the economy and everything will be fine again (aside from the radioactive fallout). :|

Don't worry. World War IIIwill jumpstart the economy and everything will be fine again (aside from the radioactive fallout). :|

Stesilaus

Could be, I actually believe WW3 is near, very near, but that's just my opinion which is not based on facts or observable informationso I'm not going to argue for it.

Either way imagine this, more and more people lose their jobs, those who lose their jobs will get reduced or zero income, and at the same time, prices increase due to insane gov. spending.

You earn less, and your buying power is reduced.

I predicted in an earlier thread that the Dow Jones would rise in all of April, and it is still on the rise. And as before, by the end of April, or mid May it will start to fall rapidly again, I predict.

Amateur predictions btw

But here is the thread which I made the April "prediction"at least I've guessed right so far.

The economy always end up fixing itself.

If the Great Depression when nobody knew what economy is ends up fixing itself, I'm pretty we'll be alright

999realthings

[QUOTE="Stesilaus"]

Don't worry. World War III will jumpstart the economy and everything will be fine again (aside from the radioactive fallout). :|

Dark-Sithious

Could be, I actually believe WW3 is near, very near, but that's just my opinion which is not based on facts or observable informationso I'm not going to argue for it.

Either way imagine this, more and more people lose their jobs, those who lose their jobs will get reduced or zero income, and at the same time, prices increase due to insane gov. spending.

You earn less, and your buying power is reduced.

I predicted in an earlier thread that the Dow Jones would rise in all of April, and it is still on the rise. And as before, by the end of April, or mid May it will start to fall rapidly again, I predict.

Amateur predictions btw

Speaking of troubling predictions ...

Didn't a Russian commentator recently predict that the United States would collapse within a year or two? Everybody scoffed at him, of course, but now Texas is talking of seceding! :shock:

Oh and if you still have stocks, sell them fast. Dark-Sithious

[QUOTE="Dark-Sithious"]

[QUOTE="Stesilaus"]

Don't worry. World War III will jumpstart the economy and everything will be fine again (aside from the radioactive fallout). :|

Stesilaus

Could be, I actually believe WW3 is near, very near, but that's just my opinion which is not based on facts or observable informationso I'm not going to argue for it.

Either way imagine this, more and more people lose their jobs, those who lose their jobs will get reduced or zero income, and at the same time, prices increase due to insane gov. spending.

You earn less, and your buying power is reduced.

I predicted in an earlier thread that the Dow Jones would rise in all of April, and it is still on the rise. And as before, by the end of April, or mid May it will start to fall rapidly again, I predict.

Amateur predictions btw

Speaking of troubling predictions ...

Didn't a Russian commentator recently predict that the United States would collapse within a year or two? Everybody scoffed at him, of course, but now Texas is talking of seceding! :shock:

Well, he has been saying this for almost a decade I think, I find it highly unlikely, as USA has vast amount of natural resources and a highly integrated gov.

A bad economic state isn't necessarily going to cause a nation wide revolt, and People believe the gov. is doing their best to save the economy. And if he thinks the gov will simply collapse I wonder on what grounds.

Lol, Russia will collaspe far before Britain or the USA will, thats for sure

Kill the fed, kill the old bastards in congress, old fools have been in there long enough, we need fresh blood with fresh ideas, not all this old people crap with their old primitive ways.

[QUOTE="Dark-Sithious"]Oh and if you still have stocks, sell them fast. duxup

Who said anything about making money? You could wait out the month at least as the dow is on the rise, but after that I'd reccomendselling to prevent LOSS.

This is an advice to prevent loss.

You should have sold your (not sayng you have stocks)stocks a long time ago, but we can't really go back in time can we?

[QUOTE="duxup"][QUOTE="Dark-Sithious"]Oh and if you still have stocks, sell them fast. Dark-Sithious

Who said anything about making money? You could wait out the month at least as the dow is on the rise, but after that I'd reccomendselling to prevent LOSS.

This is an advice to prevent loss.

[QUOTE="Dark-Sithious"]

[QUOTE="duxup"] So did you just catch on to this whole economic crisis now? That is the worst stock advice I've heard yet. You don't make money selling after you already took losses. duxup

Who said anything about making money? You could wait out the month at least as the dow is on the rise, but after that I'd reccomendselling to prevent LOSS.

This is an advice to prevent loss.

You sell to prevent further loss, the market will still go even further down. If youare convincedthe economy will suddenlyrebound, then sure keep your stocks, but if you believe this is a slight spike before the rollercoaster really starts to pick up pace, sell.

Companies can go bankrupt :|

[QUOTE="duxup"]

[QUOTE="Dark-Sithious"]

Who said anything about making money? You could wait out the month at least as the dow is on the rise, but after that I'd reccomendselling to prevent LOSS.

This is an advice to prevent loss.

Dark-Sithious

You sell to prevent further loss, the market will still go even further down. If youare convincedthe economy will suddenlyrebound, then sure keep your stocks, but if you believe this is a slight spike before the rollercoaster really starts to pick up pace, sell.

Companies can go bankrupt :|

well i'm not worry at all. i received a $300,000 bonus recently , soon to see returns on 2 more events this quater. i gain another brownstone town house, buying tax debts for ppl who can't pay their own taxes pays off extremely well . i either get the 18% interest or the house, win win every time but i usually sell it for a bigger profit and buy more. and i still have my first litte biz of teaching preschoolers ( in daycare centers ) to use computers...... but i basically retired it to a family member....i dont need to lug around 20 old laptops any more. theres money out there....but you wont find it here.

[QUOTE="Dark-Sithious"]

[QUOTE="duxup"] No it is advice to prevent any chance of a profit. If you gave that advice 14 months ago it would have been worth while. Now? You don't save money by selling after you take a loss. I don't know if you noticed but the market has been down for a bit now.

duxup

You sell to prevent further loss, the market will still go even further down. If youare convincedthe economy will suddenlyrebound, then sure keep your stocks, but if you believe this is a slight spike before the rollercoaster really starts to pick up pace, sell.

Companies can go bankrupt :|

Lulz, I told people to sell their stocks7 months ago. And if you still haven't sold them, sell them. If you're planning to keep your stocks for 5-10 years, then yes it would seem logical to keep them, but I would still recommend selling. And ofc I always knew companies can go bankrupt, I don't think you got the point. The point is, your stocks value can decrease to zero and then it doesn't matter if you plan to sit on those for 100 years, that money is gone.

Your insults won't change anything.

Don't worry, there will be another massive world war to boost the economy again. Trust me.

[QUOTE="duxup"][QUOTE="Dark-Sithious"]

You sell to prevent further loss, the market will still go even further down. If youare convincedthe economy will suddenlyrebound, then sure keep your stocks, but if you believe this is a slight spike before the rollercoaster really starts to pick up pace, sell.

Companies can go bankrupt :|

Dark-Sithious

Lulz, I told people to sell their stocks7 months ago. And if you still haven't sold them, sell them. If you're planning to keep your stocks for 5-10 years, then yes it would seem logical to keep them, but I would still recommend selling. And ofc I always knew companies can go bankrupt, I don't think you got the point. The point is, your stocks value can decrease to zero and then it doesn't matter if you plan to sit on those for 100 years, that money is gone.

Your insults won't change anything.

Most people running the US goverment are idiots anyways

[QUOTE="Dark-Sithious"]

[QUOTE="duxup"] Companies can go bankrupt? Did you just recently run across economic news for the first time or something? You're timing and arguments make it seem so. You're talking about timing the market. Most any sane investor will tell you that plan will only result in disaster. If you're investing for the long haul (like most investors) there is no reason to sell at this point.duxup

Lulz, I told people to sell their stocks7 months ago. And if you still haven't sold them, sell them. If you're planning to keep your stocks for 5-10 years, then yes it would seem logical to keep them, but I would still recommend selling. And ofc I always knew companies can go bankrupt, I don't think you got the point. The point is, your stocks value can decrease to zero and then it doesn't matter if you plan to sit on those for 100 years, that money is gone.

Your insults won't change anything.

Strawman arguementas you guys always scream on this forum. I didn't say it makes sense to keep them, I wrote it would SEEM logical to keep them which strongly implies it isn't.

Rather than attacking my sell your stocks advice which is logical considering the premise of my claims, you should rathertry to attack my claims that the economy is going to hell as that is highly debatable. As my stock advice makes perfect sense in a scenario where the economy really takes a beating, and the Jow Dones goes drastically down compared to now.

So let's say you have some stocks now, then the market experience a sudden "crash" and a lot of companies goes bankrupt, so a certain amount of your stocks is(likely to be)rendered useless if you have invested in various stocks, if you have invested in just one company you can risk losing it all. A lot of people will also lose their jobs and be forced to sell their stocks, and if their stocks is at an all time bottom they'd be really ***** and wish they had sold their stocks before.

I hope you're not thinking, if you invested X millions in lets say 1933 your investments would have followed the Dow Jones rather precisely and you would have made a huge profit. That's not the case, as many companies went bankrupt and new ones emerged during 1933-2008, and to have made money you would have to be an active specculant.

Which brings me back to my stock point, specculating when the stock market is on the fall is not a good idea (assuming we haven't hit rock bottom)

[QUOTE="duxup"][QUOTE="Dark-Sithious"]

Lulz, I told people to sell their stocks7 months ago. And if you still haven't sold them, sell them. If you're planning to keep your stocks for 5-10 years, then yes it would seem logical to keep them, but I would still recommend selling. And ofc I always knew companies can go bankrupt, I don't think you got the point. The point is, your stocks value can decrease to zero and then it doesn't matter if you plan to sit on those for 100 years, that money is gone.

Your insults won't change anything.

Dark-Sithious

Strawman arguementas you guys always scream on this forum. I didn't say it makes sense to keep them, I wrote it would SEEM logical to keep them which strongly implies it isn't.

Rather than attacking my sell your stocks advice which is logical considering the premise of my claims, you should rathertry to attack my claims that the economy is going to hell as that is highly debatable. As my stock advice makes perfect sense in a scenario where the economy really takes a beating, and the Jow Dones goes drastically down compared to now.

So let's say you have some stocks now, then the market experience a sudden "crash" and a lot of companies goes bankrupt, so a certain amount of your stocks is(likely to be)rendered useless if you have invested in various stocks, if you have invested in just one company you can risk losing it all. A lot of people will also lose their jobs and be forced to sell their stocks, and if their stocks is at an all time bottom they'd be really ***** and wish they had sold their stocks before.

I hope you're not thinking, if you invested X millions in lets say 1933 your investments would have followed the Dow Jones rather precisely and you would have made a huge profit. That's not the case, as many companies went bankrupt and new ones emerged during 1933-2008, and to have made money you would have to be an active specculant.

Which brings me back to my stock point, specculating when the stock market is on the fall is not a good idea (assuming we haven't hit rock bottom)