Lifestyle > Train of Thought

Recession is about to get WORSE

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Matty:
well as long as people are still losing jobs, that's the reality of it. 'jobless recovery' eh...

same goes for fact we have negative real interest rates. take the cpi number away from the base interest rate and money is losing purchasing power. and the official cpi number is garbage anyway. quite a bit of inflation out there at the moment imo...supermarket prices are a good indicator...

best to just buy actual yielding/solid currencies and/or precious metals with any savings, unless one fancies to dabble in the dreaded stock market - not so bad the world over, but another kettle of fish altogether...

virtuoso:

The trouble is the weight of money can drive stocks in whatever direction they choose to. This is economic warfare and every none rich person is the casualty of this,make no mistake about that. As for commodities, I would love to say I have the money to invest in havens, but the reality is I don't. You are right though, through the interest rates, they are literally robbing us blind of our own money, never mind our future tax money.

Matty:
wish i had the money to buy some gold or something. i first told my parents to buy gold about 4 years ago, took 2 years for that recommendation to be listened to.

i'm starting up a silver coin collection at the mo, cheap enough to get into and i can accumulate a reasonable amount of nice silver over a period of time...

ThaRealSupreme:

--- Quote from: IRAN iz Gangsta! on March 19, 2010, 03:00:13 PM ---prisons are now releasing inmates to save on costs....which means more jobless criminals in the streets...and u know they sure as hell wont get jobs in this economy




--- End quote ---

Hell yea and employers are already treatin' people with bad credit like they're felons.

you gon always be my latin queen bitch:
you asked for a change...lol

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