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bsrsharma
Participantrb_engineer,
The credit crunch, its impact on home buying, bankruptcies of mortgage lenders with attendent unemployment of thousands, distress among home builders etc., are all strong indicators of downturn. But when the largest low end retailer has problem meeting expectations, I think we are in severe distress. What you are seeing is the result of households running out of spendable cash flat out. Obviously, it will take a while to restore normal spending pattern again. Since consumer spending is 2/3 of economy, the jump from Wal-Mart’s distress to general Economic distress is pretty easy. I am fairly confident in predicting a recession before middle of 2008.
ParticipantI think today marks the start of a Recession
When Wal-Mart customers start reducing their consumption, tough times have arrived. Since this is the mid-point of Q3, there may or may not be a shrinking of GDP for Q3. If so, the official declaration has to wait till April 1, 2008. (Two back to back quarters of -ve growth).
ParticipantI think today marks the start of a Recession
When Wal-Mart customers start reducing their consumption, tough times have arrived. Since this is the mid-point of Q3, there may or may not be a shrinking of GDP for Q3. If so, the official declaration has to wait till April 1, 2008. (Two back to back quarters of -ve growth).
ParticipantI think today marks the start of a Recession
When Wal-Mart customers start reducing their consumption, tough times have arrived. Since this is the mid-point of Q3, there may or may not be a shrinking of GDP for Q3. If so, the official declaration has to wait till April 1, 2008. (Two back to back quarters of -ve growth).
ParticipantWaMu is a safe place for CD's?
If it is less than 100K, sleep well. If WaMu implodes, you have bigger problems than getting a check from FDIC.
ParticipantWaMu is a safe place for CD's?
If it is less than 100K, sleep well. If WaMu implodes, you have bigger problems than getting a check from FDIC.
ParticipantWaMu is a safe place for CD's?
If it is less than 100K, sleep well. If WaMu implodes, you have bigger problems than getting a check from FDIC.
Participantinvestigate every transaction
FBI Full Emplyoment Program?
Participantinvestigate every transaction
FBI Full Emplyoment Program?
Participantinvestigate every transaction
FBI Full Emplyoment Program?
Participantat USAA they have a high yield checking acct. These both pay 5-5.25% right now
USAA (= United Services Automobile Association) investments may not be FDIC protected.
Participantat USAA they have a high yield checking acct. These both pay 5-5.25% right now
USAA (= United Services Automobile Association) investments may not be FDIC protected.
Participantat USAA they have a high yield checking acct. These both pay 5-5.25% right now
USAA (= United Services Automobile Association) investments may not be FDIC protected.
ParticipantI have large deposits in SDCCU
Notwithstanding anything anyone may advice here, my advice is simple. Chop it up into 100K blocks and spread around different institutions (in FDIC protected accounts). At least that is what I am going to do. Don't analyze those numbers too much. They mean nothing when the underlying asset class is of seriously suspect value.
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