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Economy about to NOSEDIVE!!!

 
Genius el Menius
User ID: 243840
Canada
06/01/2007 04:59 PM
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Economy about to NOSEDIVE!!!
I have just concluded that the North American economy is about to nosedive within 3 months. Everyone is broke. The cost of eveything is going up.

Many small businesses are on their last legs as consumer spending is drying up fast.

Spending has really slowed. When spending slows, the game is over here in North America.

The game is over.
Stock Market Crash dead ahead.
Dollar Crisis dead ahead.
Real Estate crash dead ahead.

Your only chance of financial survival is if you own gold and silver.

People who have become very wealthy from Real Estate are about to go bankrupt. The vast majority of people who are heavily into real estate have over-extended themselves at the bank.

Blah blah blah, blah blah blah.
ºEATº (OP)

User ID: 243840
Canada
06/01/2007 05:11 PM
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Re: Economy about to NOSEDIVE!!!
The OP is a genius.
Coffee in the morning. Tea in the afternoon.
Anonymous Coward
User ID: 196270
United States
06/01/2007 05:12 PM
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Re: Economy about to NOSEDIVE!!!
3rd quarter starts the fun
Anonymous Coward
User ID: 196270
United States
06/01/2007 05:16 PM
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Re: Economy about to NOSEDIVE!!!
this quarter might see growth of 2-2.5% then when the mortgage resets start to hit in October WATCH OUT!!!!
Anonymous Coward
User ID: 60359
United States
06/01/2007 05:21 PM
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Re: Economy about to NOSEDIVE!!!
The economy will crash and the stock market will hit new highs. There is a time and a place for reverse logic.
Anonymous Coward
User ID: 196270
United States
06/01/2007 05:31 PM
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Re: Economy about to NOSEDIVE!!!
They will dump the market as well
Anonymous Coward
User ID: 236162
United States
06/01/2007 05:34 PM
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Re: Economy about to NOSEDIVE!!!
I have just concluded that the North American economy is about to nosedive within 3 months. Everyone is broke. The cost of eveything is going up.

Many small businesses are on their last legs as consumer spending is drying up fast.

Spending has really slowed. When spending slows, the game is over here in North America.

The game is over.
Stock Market Crash dead ahead.
Dollar Crisis dead ahead.
Real Estate crash dead ahead.

Your only chance of financial survival is if you own gold and silver.

People who have become very wealthy from Real Estate are about to go bankrupt. The vast majority of people who are heavily into real estate have over-extended themselves at the bank.

Blah blah blah, blah blah blah.
 Quoting: Genius el Menius 243840


The US has been broke since the 1970's when we went off the gold and silver standard and began goosing the economy with credit.
Anonymous Coward
User ID: 196270
United States
06/01/2007 05:35 PM
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Re: Economy about to NOSEDIVE!!!
Dow at new high!!! Everything is well!!! I smell 1929.
Anonymous Coward
User ID: 245356
United States
06/01/2007 05:37 PM
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Re: Economy about to NOSEDIVE!!!
The OP is a genius.
 Quoting: ºEATº


Do you really think you are..
screwball
Anonymous Coward
User ID: 244370
United States
06/01/2007 05:37 PM
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Re: Economy about to NOSEDIVE!!!
The OP is a genius.
 Quoting: ºEATº


lol
bill shitters

User ID: 74018
United Kingdom
06/01/2007 05:40 PM

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Re: Economy about to NOSEDIVE!!!
i have been covering for this evetuality
The retired thread killer


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we come in peace shoot to kill
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BeijingComm NCCCPC

User ID: 245126
United States
06/01/2007 06:32 PM
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Re: Economy about to NOSEDIVE!!!
Virtually every square inch of private real estate in America is mortgaged.

Sadly, I believe the small businesses will drown first because they are more in debt and have virtually no power compared to the giant corporations. They also have more exposure to real estate.
bill shitters

User ID: 74018
United Kingdom
06/01/2007 06:37 PM

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Re: Economy about to NOSEDIVE!!!
i saw the end when the coalition of the un willing bailed in Iraq and PM climb in a serious fasion
The retired thread killer


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we come in peace shoot to kill
[link to au.youtube.com]

I can not talk TO aliens but do listen to the anally probed
Tlalpecoatzin (Thoth)

User ID: 245385
Mexico
06/01/2007 07:09 PM
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Re: Economy about to NOSEDIVE!!!
What do you plan to about the mobs?
Key to the ages: [link to z14.invisionfree.com]

Man must give birth to himself every day. -Gabriel García Márquez
Anonymous Coward
User ID: 218101
United States
06/01/2007 07:15 PM
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Re: Economy about to NOSEDIVE!!!
Virtually every square inch of private real estate in America is mortgaged.

Sadly, I believe the small businesses will drown first because they are more in debt and have virtually no power compared to the giant corporations. They also have more exposure to real estate.
 Quoting: BeijingComm NCCCPC


About 1/3 of all private homes are owned free and clear. You could do it too.
Anonymous Coward
User ID: 166146
United States
06/01/2007 08:43 PM
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Re: Economy about to NOSEDIVE!!!
I thought that this shit hole was going toes-up years ago but the fucking BANKSTERS keep pulling rabbits out of their hats.The way people are buying SUV's,going out to eat and generally buying shit amazes me, and I can't wait to see it all crash just to see these assholes living high on the hog get the fucking they so richly deserve!!!!
Anonymous Coward
User ID: 208168
United States
06/01/2007 08:45 PM
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Re: Economy about to NOSEDIVE!!!
iamwith
BeijingComm NCCCPC

User ID: 245126
United States
06/02/2007 02:30 AM
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Re: Economy about to NOSEDIVE!!!
That seems high. Do you have a link? More houses are being mortgaged everyday.

And no, for most people being free and clear can't be done under this system. Most people don't have half a million dollars to buy a home with cash. Even if they do, it probably makes more sense to get a loan.

About 1/3 of all private homes are owned free and clear. You could do it too.
 Quoting: Anonymous Coward 218101
They'll print more.
User ID: 221016
United States
06/02/2007 03:37 AM
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Re: Economy about to NOSEDIVE!!!
They'll just continue what they've been doing since they stopped publishing the m3.

[link to en.wikinews.org]

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