Regardless of what the Bush administration would like everyone to believe, the US is indeed on the verge of a recession.
The cause of this future rough period in the nation's economy is the credit bubble, which caused the housing bubble. The sub prime mortgage situation was a result of the combination of easy credit, and greedy lenders.
I have heard that the Fed is planning on lowering rates as needed. This is NOT the solution to the problem. The problem in the first place was easy credit, and artificially low rates. Lowering rates will just complicate the problem, and cause further damage in the future.
The companies that fail because of the subprime crisis should sink or float on their own, without government hand outs. Support from the government sends the message that poorly run businesses do not have to deal with the consequences.
Therefore, I believe that the majority of stocks will likely decline in 2008. I would advise putting money in state bonds/government insured savings accounts, and other things that will provide interest without the risk of stocks.
When the market bottoms, it will be advantageous to be in cash to take advantage of the perfect buying opportunity.
Bush created more terrorists than he managed to kill.
He killed more civilians than terrorists...
Each of those civilian's have families if they also weren't killed. Don't those families now have more reasons to hate the US than they did before the invasion of Iraq?
Wouldn't it now be easier for a terrorist organization to recruit those individuals?
He used fear as a political instrument to accomplish his agenda.
Terrorist - a person who terrorizes or frightens others - a person who tries to frighten people or governments into doing what he/she wants by using or threatening violence.
Couldn't the definition of terrorist be applied to Bush?
United States
Hisx1nc's Recent Comments See all 8
Regardless of what the Bush administration would like everyone to believe, the US is indeed on the verge of a recession.
The cause of this future rough period in the nation's economy is the credit bubble, which caused the housing bubble. The sub prime mortgage situation was a result of the combination of easy credit, and greedy lenders.
I have heard that the Fed is planning on lowering rates as needed. This is NOT the solution to the problem. The problem in the first place was easy credit, and artificially low rates. Lowering rates will just complicate the problem, and cause further damage in the future.
The companies that fail because of the subprime crisis should sink or float on their own, without government hand outs. Support from the government sends the message that poorly run businesses do not have to deal with the consequences.
Therefore, I believe that the majority of stocks will likely decline in 2008. I would advise putting money in state bonds/government insured savings accounts, and other things that will provide interest without the risk of stocks.
When the market bottoms, it will be advantageous to be in cash to take advantage of the perfect buying opportunity.
Just my two cents.
Bush created more terrorists than he managed to kill.
He killed more civilians than terrorists...
Each of those civilian's have families if they also weren't killed. Don't those families now have more reasons to hate the US than they did before the invasion of Iraq?
Wouldn't it now be easier for a terrorist organization to recruit those individuals?
He used fear as a political instrument to accomplish his agenda.
Terrorist - a person who terrorizes or frightens others - a person who tries to frighten people or governments into doing what he/she wants by using or threatening violence.
Couldn't the definition of terrorist be applied to Bush?
Ya, horrible question.
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A) Horrible question or B) The Opposite of Fantastic question