Too late, we closed the border.meatloaf231 post=18.71691.733634 said:Well, time to move to Canada.
Now I bet you wish you hadn't screwed us over on soft lumber eh? Eh? Ha!
No one messes with our lumberjacks
Too late, we closed the border.meatloaf231 post=18.71691.733634 said:Well, time to move to Canada.
Yeah, those lumberjack comandos will mess you up. They will mess you up bad.Imitation Saccharin post=18.71691.733661 said:Too late, we closed the border.meatloaf231 post=18.71691.733634 said:Well, time to move to Canada.
Now I bet you wish you hadn't screwed us over on soft lumber eh? Eh? Ha!
No one messes with our lumberjacks
Yeah, you also have to take into account the housing and construction sectors. When those take a hit, the chips start to fall.Hardest hit area's will be the manufacturing sector, which is already on its way to the crapper.
Whoa...that's heavy stuff.needausername post=18.71691.733775 said:My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
LOL, it'd be great if they just changed that to "YEP" just to fuck with people.bad rider post=18.71691.733436 said:BTW www.hasthelargehadroncolliderdestroyedtheworldyet.com if you want to keep tabs on it
You're Aunt is a dude?needausername post=18.71691.733775 said:My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
Man, forget Canada, I'm going to Mexico: The last place in the hemisphere I can still feel rich.meatloaf231 post=18.71691.733634 said:Well, time to move to Canada.Delta4845 post=18.71691.733438 said:Truer words never spoken...bluemarsman post=18.71691.733368 said:We are so screwed.
The Fed's why we're here in the first place. If they'd have some damn sense and maybe prop up a regulation or two. Or maybe, just maaaaaybe bump up the interest rates to slow down all the speculators(you know, in order to prevent something like the dot-com bubble which just busted a just a few years earlier? How did no one see this?). The fact is, the banks fucked us over, the Fed fucked us over, and worst of all, we fucked ourselves over.Eldritch Warlord post=18.71691.733774 said:Call me an optimist but this is exactly why the Fed exists, we'll be fine if the sheep don't panic too bad.
No... she was staying with a friend of the family, who is a guy.jim_doki post=18.71691.733923 said:You're Aunt is a dude?needausername post=18.71691.733775 said:My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
on topic:
the US dollar is pretty much the benchmark for the Aus dollar, so if this goes down, we go down too.
Is there anything i, as a bank customer, can do?
i see...needausername post=18.71691.733950 said:No... she was staying with a friend of the family, who is a guy.
"They missed some" on purpose. You can't bail out every institution. After having to step in to save Fannie Mae and Freddie Mac, it makes sense for the Federal Reserve to step back for a while (for what it's worth, I think the Bear Stearns bail-out was probably a mistake, but I can see how it might've made sense at the time). The financial services industry needs to lose some of its bloat. That means stuff will get worse before it gets better. But the alternative -- entangling American taxpayers even more than they are already entangled -- is far worse. Let the investors swallow the loss for a change (unfortunately "investor" does include "regular person with a 401k," so the situation still sucks).Mathew952 post=18.71691.733353 said:America lost 700 BILLION dollars yesterday.The entire stock market lost 4.4 percent of it's worth. Why? remember all of those banks that got bailed out a while back. They missed some. and one just went bankrupt.
lol maybe it thought this place was so screwed up already it would hit mars insteadElephantGuts post=18.71691.733362 said:Well maybe if that damn meteor would hurry up and blow up the Earth we wouldn't be having this problem right now...
Very true, but that's life. We're stuck between a rock and a hard place, so we're going to have to make the best out of a shitty situation.Alex_P post=18.71691.733977 said:"They missed some" on purpose. You can't bail out every institution. After having to step in to save Fannie Mae and Freddie Mac, it makes sense for the Federal Reserve to step back for a while (for what it's worth, I think the Bear Stearns bail-out was probably a mistake, but I can see how it might've made sense at the time). The financial services industry needs to lose some of its bloat. That means stuff will get worse before it gets better. But the alternative -- entangling American taxpayers even more than they are already entangled -- is far worse. Let the investors swallow the loss for a change (unfortunately "investor" does include "regular person with a 401k," so the situation still sucks).Mathew952 post=18.71691.733353 said:America lost 700 BILLION dollars yesterday.The entire stock market lost 4.4 percent of it's worth. Why? remember all of those banks that got bailed out a while back. They missed some. and one just went bankrupt.
-- Alex
To borrow a page from maths, it's time to start canceling out our like terms!The Spilly post=18.71691.734044 said:The problem is almost everyone in the western world is in debt. Credit cards, car payments, etc etc etc. The world is just starting to realise that they've sold everyone their products but nobody has the money to pay them back...