View Single Post
      01-30-2008, 11:03 PM   #26
Bobby_Light
Major
Bobby_Light's Avatar
United_States
65
Rep
1,352
Posts

Drives: E36 M3
Join Date: Aug 2007
Location: SoCal

iTrader: (14)

This is not fear. This is reality. Americans are real arrogant when it comes to alot of things. The insurmountable strength of the dollar seems to be one. Standard of living will go down and then people will finally start to realize the situation we're in.

I understand your point about a world economy, but the US is literally going bankrupt. We cannot pay back our debt. The world markets are not as confident in the dollar as in the past. I don't really like the idea of foreign interests owning american assets.

A telling video
http://www.forbes.com/markets/2008/0...markets12.html

GDP not looking good. Employment does.
http://www.forbes.com/markets/2008/0...markets12.html

Don't want to hijack a thread. Economy discussion over. Back to getting started with stocks.
Appreciate 0