 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to supergirl
Re: Merril Lynch = Idiots said by supergirl:Actually, since people used their credit cards in record numbers during Christmas, that was pretty much a recessionary attitude. It might, but it isn't uncommon for us to break the bank with credit cards around this time. In fact, if we decided to actually spend our personal assets without resorting to borrowing, then we would be in a depression.
said by supergirl:Oil and food prices are most of inflation. But, with the housing bubble getting popped, a recession is inevitable with Americans in record credit card debt, and debt in general. Well the way I see it, the housing bubble only screws the banks. That is why they are pushing so hard for a government bailout while disguising it as "relief" for people who will lose houses that they should not have bought in the first place. These people still probably have jobs and will most likely move back into housing that they can afford and continue with their lives... unless of course they worked for one of the banks.
said by supergirl:Hate to rain on your parades, a recession will benefit Republicans in November NOT Democrats since people will vote with their wallet. True. Bill Clinton was only able to capitalize on the 1992 recession because Ross Perot was in the race.
said by supergirl:The Fed will have to lower rates again. One can hope! 
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Only SHATNER is Kirk. |
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| Actually, I've been in on discussions about a recession coming for two months. And, I've gotten newsletters from Wall Street hoping we're not in one already.
The Fed will have to lower rates since oil as inflation isn't really inflation but wild speculation by the same idiots involved in the subprime mess, and another bunch of idiots speculating trying to make a buck at the average American's expense.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl |
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pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | said by supergirl:The Fed will have to lower rates since oil as inflation isn't really inflation but wild speculation by the same idiots involved in the subprime mess, and another bunch of idiots speculating trying to make a buck at the average American's expense. Unfortunately, as long we continue to not exploit our own energy resources, speculators will continue to be able to exploit an unnecessarily tight energy market.
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Only SHATNER is Kirk. |
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