Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
Recession is officially declared, but interest rate cuts cause the dollar to fall further and CPI inflation goes over 4%.
I agree with this. I think Fed will cut interest rates, like it or not!! Runaway inflation is too scary but what are we going to do about it? I feel so sorry for the middle class in this country that is literally being raped by this government and it’s fiscal policies!!
hahaha, this is GREAT! I liquidated ALL my holdings when the market was at 13500 and people were saying I was crazy because the DOW was going to 15k, GREED is NEVER good!! As Kenny R says you’ve got to know when to fold ’em 😉
If I had not sold, my portfolio would’ve been 10% down already and my hunch is that it has a lonnnng way to go down in 2008. There may be mini rallys but I think it will never peak again and the long term trend is way down, we have so much negative news to come in 2008, ARM resets, foreclosures, credit card defaults, credit crunch, inflation, more job losses, recession etc. etc. etc.
hahaha, this is GREAT! I liquidated ALL my holdings when the market was at 13500 and people were saying I was crazy because the DOW was going to 15k, GREED is NEVER good!! As Kenny R says you’ve got to know when to fold ’em 😉
If I had not sold, my portfolio would’ve been 10% down already and my hunch is that it has a lonnnng way to go down in 2008. There may be mini rallys but I think it will never peak again and the long term trend is way down, we have so much negative news to come in 2008, ARM resets, foreclosures, credit card defaults, credit crunch, inflation, more job losses, recession etc. etc. etc.
hahaha, this is GREAT! I liquidated ALL my holdings when the market was at 13500 and people were saying I was crazy because the DOW was going to 15k, GREED is NEVER good!! As Kenny R says you’ve got to know when to fold ’em 😉
If I had not sold, my portfolio would’ve been 10% down already and my hunch is that it has a lonnnng way to go down in 2008. There may be mini rallys but I think it will never peak again and the long term trend is way down, we have so much negative news to come in 2008, ARM resets, foreclosures, credit card defaults, credit crunch, inflation, more job losses, recession etc. etc. etc.
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