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View Poll Results: Does the economy suck?
Yes
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No
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Quit hounding me you poll monkey! (twikoff)
7
5.43%
Voters: 129. You may not vote on this poll

Is The Economy Going To Hell In A Handbasket? - Pt III

Old 07-10-08, 04:19 PM
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Is The Economy Going To Hell In A Handbasket? - Pt III

yep...

like Alice Cooper...

the economy is going to hell...

discuss...
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Old 07-10-08, 04:22 PM
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Things are going great. But don't take my word for it, ask anybody at my country club. Well, any of the members anyway.
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Old 07-10-08, 04:29 PM
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This isn't "going in a handbasket," this is "the basket." Or something.
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Old 07-11-08, 07:10 AM
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This should have been another poll. I like to see how the opinions have changed, or maybe they're still the same.
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Old 07-11-08, 07:33 AM
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Originally Posted by VinVega
This should have been another poll. I like to see how the opinions have changed, or maybe they're still the same.
my bad...

i noticed from like 16,000 or so views and like 800 posts there had barely been 100 or so votes?... so i figured why do the poll...

add a poll to this thread...

or close this sucker, and start part three with a poll man...

i thought the title was catchy... yes?? no??
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Old 07-11-08, 07:40 AM
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Originally Posted by Dr Mabuse
i thought the title was catchy... yes?? no??
I like the title.
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Old 07-11-08, 07:47 AM
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Originally Posted by Dr Mabuse
my bad...

i noticed from like 16,000 or so views and like 800 posts there had barely been 100 or so votes?... so i figured why do the poll...

add a poll to this thread...

or close this sucker, and start part three with a poll man...

i thought the title was catchy... yes?? no??
It is catchy. I do have to criticize your comparison to Alice Cooper though. The economy is no where near as awesome as Alice Cooper. Any comparisons between the two must be ignored.
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Old 07-11-08, 07:57 AM
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Originally Posted by orangecrush18
It is catchy. I do have to criticize your comparison to Alice Cooper though. The economy is no where near as awesome as Alice Cooper. Any comparisons between the two must be ignored.
it was a direct reference...

Link...
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Old 07-11-08, 09:02 AM
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Anyone see Fannie Mae and Freddie Mac this morning?
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Old 07-11-08, 09:14 AM
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Heehee.
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Old 07-11-08, 09:27 AM
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Originally Posted by Dr Mabuse
it was a direct reference...

Link...
This doesn't change my position.
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Old 07-11-08, 09:31 AM
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Originally Posted by Venusian
Anyone see Fannie Mae and Freddie Mac this morning?
And oil almost hit $147.
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Old 07-11-08, 10:22 AM
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Originally Posted by Venusian
Anyone see Fannie Mae and Freddie Mac this morning?
White House said they will help out but the shareholders can eat cake
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Old 07-11-08, 10:25 AM
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Yikes. Like I said in part II of this thread. Fallout from Fannie Mae or Freddie Mac may have profound, extensive implications......especially for banks and future homeowners. This might be the punch that puts our economy on the canvas.
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Old 07-11-08, 10:26 AM
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ony reason fannie and freddie are private corporations are that the government needed to balance the budget a few decades ago and sold them off. before that they were government entities and the housing market was just fine in the good old days
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Old 07-11-08, 10:36 AM
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Some reports are saying a bailout of $500B to $1T may be needed. Wow. They better start firing up those printers at the federal reserve. How much longer will it be before we start seeing people make speculative runs on their banks.....ala Northern Rock.
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Old 07-11-08, 10:40 AM
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I'm a big whiner so I voted yes.
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Old 07-11-08, 10:43 AM
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wonder if someone is dusting off the RTC charter
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Old 07-11-08, 11:06 AM
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Originally Posted by wabio
Some reports are saying a bailout of $500B to $1T may be needed. Wow. They better start firing up those printers at the federal reserve. How much longer will it be before we start seeing people make speculative runs on their banks.....ala Northern Rock.
A trillion dollars?

I'm amazed that the credit card companies aren't being affected more. If people can't pay their mortgages, how are they paying their credit cards?
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Old 07-11-08, 11:19 AM
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Originally Posted by Tracer Bullet
A trillion dollars?

I'm amazed that the credit card companies aren't being affected more. If people can't pay their mortgages, how are they paying their credit cards?

They are. From all the news I've been reading balances of unsecured debt and bankruptcies are on the upswing, although the increase has been somewhat stymied by the temporary rebate checks. Sentiments are.....people are offsetting the rising costs of food and fuel through Visa. It's hard to say whether the uptick in bankruptcies is due to the same reasons though, or a result of the increase in foreclosures.

http://www.sharewatch.com/story.php?storynumber=506
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Old 07-11-08, 11:20 AM
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Originally Posted by Tracer Bullet
A trillion dollars?

I'm amazed that the credit card companies aren't being affected more. If people can't pay their mortgages, how are they paying their credit cards?

most people behind on their mortgages are trying to pay the credit cards because they are viewed as a necessity. if you get foreclosed on, you can always find another place to live
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Old 07-11-08, 11:22 AM
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I'm getting a ton of "0% INTEREST!!!" and similar cc offers in the mail. The cc companies seem pretty desperate.
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Old 07-11-08, 11:52 AM
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I threw away almost 50 of those that have been piling up earlier this week.
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Old 07-11-08, 11:54 AM
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Originally Posted by wabio
Yikes. Like I said in part II of this thread. Fallout from Fannie Mae or Freddie Mac may have profound, extensive implications......especially for banks and future homeowners. This might be the punch that puts our economy on the canvas.
damn right...
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Old 07-11-08, 11:54 AM
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Originally Posted by Tracer Bullet
And oil almost hit $147.
it broke $147 today...
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