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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.
I always do well in a recession, and I always buy some. I save lots, and don't use needless credit. Going to be some great deals on home improvement stuff. Wish the Fed would stay out of lowering rates. That won't cure US problems. People need to stop buying needless cwrap on a credit card or finance plan.
[1 point]4 years ago by Mags59ReplyEdited 4 years ago by Mags59
Yah gotta buy 'em and hold 'em for the long term...forget the short variances..it's the person who buys for the long term is the one who makes it (I buy funds only)
The market is down. I will have to hold. My return on paper was 27% two months ago and is about 3% presently. That's down 24%. Shite! If I could afford to buy, I'd be doing so.
[1 point]4 years ago by HauliReplyEdited 4 years ago by Hauli
China
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.
I always do well in a recession, and I always buy some. I save lots, and don't use needless credit. Going to be some great deals on home improvement stuff. Wish the Fed would stay out of lowering rates. That won't cure US problems. People need to stop buying needless cwrap on a credit card or finance plan.
You can not "time" the market. The trick is to be well diversified, and rebalance once or twice a year.
And I agree, people and companies should not be bailed out of their own mistakes. It will only make it worse in the long run.
Yah gotta buy 'em and hold 'em for the long term...forget the short variances..it's the person who buys for the long term is the one who makes it (I buy funds only)
The market is down. I will have to hold. My return on paper was 27% two months ago and is about 3% presently. That's down 24%. Shite! If I could afford to buy, I'd be doing so.