......do you guys have this freakin econimic crisis or not???????????????? Do you feel it?

 Propaganda here in Canada "smells bad". But if it "got" you, it'll get us soon for sure, as Canada is basically the 51st big state, no matter what Canadians think...

 

 

vse stocki i fundy ruxnuli i lejat kak p'yaniy mujik pod zaborom. So yeah, in that sense we feel it. :(

 

Nu i benzin dorogoi. Vchera zapravilas', $77 bye-bye.

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Dow Jones is higher now than it was in early 2006.  How spoiled are we?  Lowest unemployment among industrialized nations, cheapest gas, not even a recession (officially), meaning GDP (economic expansion) is still occuring.  Real estate, even if it drops another 20%, that just erases a few years of overbuying, and does nothing to long-term trends.

 This is why I love America.  You spoiled bastards, actually cry about something like this.  The world wishes it had your problems.

 

 

 

 

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"Я это понимаю на рациональном уровне, но не могу принять на эмоциональном" --Бизнесмен Борис Березовский

I am not worrying. I just opened Scottrade and looking to buy some piece of Wachovia while it is cheap.

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you should have done it a week ago.. its up 100% :) 

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"Я это понимаю на рациональном уровне, но не могу принять на эмоциональном" --Бизнесмен Борис Березовский

It is still cheap. I am looking long term. It should be around $30 in a year or two.

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agreed.  I'd say more.

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"Я это понимаю на рациональном уровне, но не могу принять на эмоциональном" --Бизнесмен Борис Березовский

I do think we have hit bottom.  We can start climbing back out of this mess.  of course most of us can't take advantage of the rebound, cuz we have always been pushed down by The Man and have little Net Wealth to invest.  Those INvestment Bankers that lost 80% of their wealth only have a few hundred million dollars left in net assets.  Sad really.

About all the rest of us proletariat scum can do is vote in Obama for President and watch him tax the Naked Short Sellers, the Hedge Fund arbitrage f*ckers and so on....lol

I have come to learn that capitalism is no different than communism.  A privileged few control the system, and the rest of us eat cake.

God Bless Karl.

Ich Bin ein Gothamer.

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"Hearts will never be practical until they can be made unbreakable."

Слова неудачника.

 

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Bottom? Oh no As Bart Simpson says "Watch out, radioactive man!"

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My guess it will start bottoming out closer to the end of the year.

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God help us.   Here in the retail business, activity is still off around 50% in my area.   We are having business closures all over our area up here (in Dalton, Ga)   Situation stinks.  Agree with 412.  I think we will see a bottom around the end of the year.  If not,  I'll be looking for a job.

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Make each day count to improve yourself and those around you

ya, not bottom yet...  I'd say a year away from it. It'll go up for a while after new pres is in, no matter who it will be, then will go down again before it'll go up on a new bubble...

'cause, it's all this economy is capable of - bubbles... no real things no more...

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- Независимость - это когда в 20-й раз наступаешь на одни и те же грабли, а русские уже ни при чем....

I don't know what kind of "bottom" you guys are expecting.. Are people going to get 20% raises on Jan 1, 2009?  There are 2 economies now (Kerry was right), what Mkgilstrap is describing - discretionary spending and consumer confidence, how are you going to bottom that in 6 months with consumer debt growing, and earning power not keeping up with inflation?   Especially in food, energy, and non-discretionary consumables. 

Don't forget about the $120 billion cut in US personal income in 2009 due to the idiotic tax rebates we are getting in 2008.

As far as the other economy, it never officially corrected enough to use the word "bottom".  In fact if you get something that "looks" like a recovery of some sort in 2009, KGBman is right - expect a real recession to follow.   There's nothing to recover from - US corporate profits are the highest they've ever been, minus the financial sector.  That (financial sector) will recover bigtime.  GDP never contracted - its standing at a historic record and growing every quarter.

What "bottom"?

 

 

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"Я это понимаю на рациональном уровне, но не могу принять на эмоциональном" --Бизнесмен Борис Березовский

here's how it works....things level off, then drop again, things level off, then drop again. and again and again.

Bottom is when you have stopped dropping and leveled and then start rising back up.

I thought we had hit bottom.  I was wrong.  Turns out when the numbers come out - things are gonna be worse than ever.  Over the next 60 days, watch the news...it's getting worse than ever.

Still dropping.

Still no bottom in sight....

A disaster.

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"Hearts will never be practical until they can be made unbreakable."