I feel that he is wrong on this one, at least to the degree he is predicting. At least I hope... _________________ I7 2600K
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Thu Nov 13, 2008 4:48 pm
ByPaSS
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Joined: 20 Mar 2003
Posts: 116
Location: OKC, OK
Same, but it makes sense. Taxes must become more onerous, and government spending must be reigned in. Also, manufacturing needs to be brought back to the US. The US needs to be fiscally responsible, and quit squandering the wealth of our progeny. The people of this country have become way too materialistic with an affinity for avarice.
Thu Nov 13, 2008 5:42 pm
LightningCrash
Smile like Bob, order your free LC today
Joined: 03 Apr 2003
Posts: 5020
More likely than not? No
Likely? Depends on your definition
ie If I live in an apartment building, there are 16 units accessible from my unit's foyer, and I hear somebody out in the middle of the foyer say "This is the one, let's kick the door in and do this", then I would feel that it is likely that my door is about to be kicked in, even if it's just a 1 in 16 chance.
I've said before that I give this about a 10% chance of zooming past the Great Depression, I still think that's a reasonable risk assessment today.
Thu Nov 13, 2008 8:02 pm
Shinare
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Joined: 17 Mar 2004
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Location: Up your butt with a coconut!!
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Fri Nov 14, 2008 11:01 am
LightningCrash
Smile like Bob, order your free LC today
Joined: 03 Apr 2003
Posts: 5020
oh hey, look at that, the SPY is falling
and the Dow
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