Financial crisis affecting you?
James
house, are you affected? I feel the price of oil more than the fall
of Lehman Bros. and AIG.
Rod Speed
> Unless you work in the finance industry or just bought an overpriced house, are you affected?
You will be if we end up with another great depression.
> I feel the price of oil more than the fall of Lehman Bros. and AIG.
For now.
clams_casino
If you own any stocks and are retired or near retirement, you're likely
screwed. Any money invested / saved over the past ten years has most
likely lost money, especially relative to inflation.
If you are in your 20's-40's, it could be an ideal time to sock away
money in a retirement fund, depending on your willingness to accept high
risk for potentially high rewards.
JonquilJan
> Unless you work in the finance industry or just bought an overpriced
> house, are you affected? I feel the price of oil more than the fall
> of Lehman Bros. and AIG.
It's going to hurt everyone - eventually. Even with the supposed bail-out
proposed - there will be repercussions down the line - and the lower you are
on the line - the harder it will hit.
JonquilJan
Learn something new every day
As long as you are learning, you are living
When you stop learning, you start dying
Rod Speed
>> Unless you work in the finance industry or just bought an overpriced
>> house, are you affected? I feel the price of oil more than the fall
>> of Lehman Bros. and AIG.
> It's going to hurt everyone - eventually.
Not necessarily, most obviously if the bailout works.
> Even with the supposed bail-out proposed - there will be repercussions down the line
Yes, but that wont necessarily hurt everyone.
> - and the lower you are on the line - the harder it will hit.
Thats not right either. Those entirely dependant on welfare and food stamps,
and they are the lowest on the line apart from the 'homeless' wont be affected
at all except that their entertainment will be disrupted by the bullshit etc.
JonquilJan
Rod Speed <rod.sp...@gmail.com> wrote in message
news:6k29h5F...@mid.individual.net...
Guess I'm concerned about my Social Security check. Wonder if that would be
impacted.
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>> JonquilJan <war...@imcnet.net> wrote
>>>> Unless you work in the finance industry or just bought an
>>>> overpriced house, are you affected? I feel the price of
>>>> oil more than the fall of Lehman Bros. and AIG.
>>> It's going to hurt everyone - eventually.
>> Not necessarily, most obviously if the bailout works.
>>> Even with the supposed bail-out proposed
>>> - there will be repercussions down the line
>> Yes, but that wont necessarily hurt everyone.
>>> - and the lower you are on the line - the harder it will hit.
>> Thats not right either. Those entirely dependant on welfare
>> and food stamps, and they are the lowest on the line apart
>> from the 'homeless' wont be affected at all except that
>> their entertainment will be disrupted by the bullshit etc.
> Guess I'm concerned about my Social Security check.
Sure.
> Wonder if that would be impacted.
Nope, not even if we see another great depression and I dont believe that will happen either.
The cost of the bailout is less than has been pissed against the wall in Iraq, perfectly affordable.
Not a patch on what was spent on WW2, the Marshall Plan and the
Cold War and Vietnam and the US clearly could afford all that fine.
Even if we do see another great depression, the effects on
someone like you wont be anything like the great depression was.
The most that might happen is stagnation like Japan saw for a decade recently when their
financial system imploded even more spectacularly than the US financial system may do.
What we'll actually see is a bailout very similar to the S&L fiasco
and few can even remember any significant downsides with that now.
JonquilJan
> JonquilJan <war...@imcnet.net> wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> JonquilJan <war...@imcnet.net> wrote
>
> >>>> Unless you work in the finance industry or just bought an
> >>>> overpriced house, are you affected? I feel the price of
> >>>> oil more than the fall of Lehman Bros. and AIG.
>
> >>> It's going to hurt everyone - eventually.
>
> >> Not necessarily, most obviously if the bailout works.
>
> >>> Even with the supposed bail-out proposed
> >>> - there will be repercussions down the line
>
> >> Yes, but that wont necessarily hurt everyone.
>
> >>> - and the lower you are on the line - the harder it will hit.
>
> >> Thats not right either. Those entirely dependant on welfare
> >> and food stamps, and they are the lowest on the line apart
> >> from the 'homeless' wont be affected at all except that
> >> their entertainment will be disrupted by the bullshit etc.
>
> > Guess I'm concerned about my Social Security check.
>
> Sure.
>
> > Wonder if that would be impacted.
>
> Nope, not even if we see another great depression and I dont believe that
will happen either.
that's good to know.
>
> The cost of the bailout is less than has been pissed against the wall in
Iraq, perfectly affordable.
I agree with that - the pissing away of funds in Iraq.
>
> Not a patch on what was spent on WW2, the Marshall Plan and the
> Cold War and Vietnam and the US clearly could afford all that fine.
I remember some of my life after WW2 - wasn;t bad at all. My parents were
not living high - but living comfortably - so of course I was as well.
>
> Even if we do see another great depression, the effects on
> someone like you wont be anything like the great depression was.
I wonder sometimes about people who consider my having only basic cable is a
sign of being 'poor'. As much as my physical condition allows - I am very
self sufficient - and would continue to be so. But would like to get
healthy enough to get some chickens.
>
> The most that might happen is stagnation like Japan saw for a decade
recently when their
> financial system imploded even more spectacularly than the US financial
system may do.
>
> What we'll actually see is a bailout very similar to the S&L fiasco
> and few can even remember any significant downsides with that now.
>
>
Perhaps it's because of all the media crying 'wolf' that people seem to look
at the doom and gloom outlook.
Rod Speed
>> Sure.
Yeah, it was fine.
> My parents were not living high - but living comfortably
Mine too, after both of them were involved in WW2 personally themselves.
> - so of course I was as well.
I wouldnt be here if it wasnt for WW2.
>> Even if we do see another great depression, the effects on
>> someone like you wont be anything like the great depression was.
> I wonder sometimes about people who consider
> my having only basic cable is a sign of being 'poor'.
Sure, some do.
> As much as my physical condition allows - I am very self sufficient - and would
> continue to be so. But would like to get healthy enough to get some chickens.
Yeah, animals can be a problem if there isnt anyone that
can look after them if thing go thru a bad patch health wise.
>> The most that might happen is stagnation like Japan saw for
>> a decade recently when their financial system imploded even
>> more spectacularly than the US financial system may do.
>> What we'll actually see is a bailout very similar to the S&L fiasco
>> and few can even remember any significant downsides with that now.
> Perhaps it's because of all the media crying 'wolf' that
> people seem to look at the doom and gloom outlook.
Its more that its so easy to sack people in the US that produces that effect.