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Listen up all you nitwits who think the everything is fine as long as the Dow is up for the week. When Warren Buffet speaks, the real money experts listen - he is the financial barometer that really steers Wall Street. All the young hotshots out there fresh off getting your Series 7 certificate probably scoff and don't even bother to get off their cell phones to hear what the Wizard of Omaha has to say. There is nothing more dangerous than a young trader/finance "expert" - while they think their shit don't stink, their bosses, you know the guys who make the BIG BUCKS, listen to every word coming from the hallowed mouth of Mr. Buffet.So, what does Warren think? We're in a recession!
Wow George Bush, $600-$1200 bucks! Did you think of that all by yourself? Of course not, but you'll take credit for this latest half-assed attempt to stabilize the US Economy. This so called Stimulus Package is less than what the US spent in Iraq this year and it's supposed to keep us from recession? How is giving us a rent check going to stop the slide? Most people I know eligible for this "refund" have little or no money invested, they can't afford it. I'd say put it in the bank but with the dollar so weak there is no guarantee that it won't evaporate in the next few years.
Well the first test of the Presidential election is over, and pundits like Tim Russert are ready to call the race for Barack Obama and Mike Huckabee. The way they are talking on the news this morning you'd think it was the last primary, not the first caucus. Once again the media is hyping this thing up to overblown proportions, that is until the New Hampshire Primary.Take a look at Hillary's situation - Russert and others are saying that losing in Iowa is a "huge Blow" to her chances. How? Look back to the 1992 Presidential Race: Bill Clinton did not even campaign in Iowa (Tom Harkin's
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Mar 4 09:12 am
I've heard that the US economy is already in big trouble and there's nothing we can do to make the situation better. I can't help to think it's all Bush's fault.
I disagree. For years the US markets fluctuated based upon "greenspeak" -whatever Alan Greenspan was thought to have said. News, rumors and what guys like Buffet say are very important factors on the daily boards. Case in point: the price of oil is sky high on speculation by investors - the US actually does not have a shortage in oil reserves currently. All it takes is these commodities guys to panic to raise prices to all-time highs.
The Price of $$s falling day by day, US Economy is in a dangerous condition currently. I fear they will have more fall in their economy and the affect will be clearly seen in the Asian Market.
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I've heard that the US economy is already in big trouble and there's nothing we can do to make the situation better. I can't help to think it's all Bush's fault.