Lifestyle > Train of Thought
STOCKS....
LAXCENTRAL:
I THINK I SEE WHERE YOU'RE GOING WITH IT...
SEE THE THING IS WE WONT REALLY RECOVER FROM THIS MESS UNTIL 2011
WE WILL SEE IMPROVEMENTS FROM LATE JAN OR MID FEBRUARY 2010
Matty:
depends if the american government keep trying to prop up all these failed banks and companies. biggest credit bubble in the history of the world, biggest expansion of the money supply through all these 'stimulus' packages and no gold standard to stop them printing money. the single reason it hasn't collapsed already is because foreign governments are still buying america's debt.
at this rate the situation will still be in steady decline by your 2011 date and inflation will really be starting to rear its head. check out these quotes from 1929/1930 to see what the politicians were saying back then, sounds remarkably similar to what we're hearing today.
http://groups.google.com/group/total_truth_sciences/browse_thread/thread/028e69ba1097b924
TraceOneInfinite:
--- Quote from: LIGHTS on June 04, 2009, 09:26:53 PM ---INVEST IN FORD... BUY FORD NOW
SINCE GM IS GONE.... OUT OF BUSINESS....
LOTS OF INVESTORS ARE GOING TO PUT MONEY IN FORD...
WITHIN A MONTH FORD STOCKS WILL DOUBLE
--- End quote ---
So what's the latest on GM then? Did it officially fold up? Does that mean Obama is going to be blamed for the bail-out? Not that I have a problem with that because I don't believe in government controlling business.
LAXCENTRAL:
I DONO IF GM OFFICIALLY FOLDED
BUT THEIR TICKER IS REMOVED FROM LOTS OF TRADING STATIONS
BECAUSE THEIR STOCK IS LESS THAN 20 CENTS A SHARE NOW
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