World Economy

TonySmith · 11-22-2010, 06:46 PM

I know there is no way around it, but this world economy is making investments nose dive. 90% of my investments down today because concerns over Irelands elections and they may be needing a bailout. Give me a break.

Ashcan Bill · 11-23-2010, 09:39 AM

Portugal is next, probably early next year, with Spain lurking in the background. And bear in mind the bailouts are only band aids. The underlying problems still need to be solved.

Meanwhile we're running our own printing presses full speed.

I'm a little wary of the markets right now.

mosesbotbol · 11-23-2010, 10:14 AM

Yes, the PIGS are going to put the hurt in a lot investors. Then again, this is a huge opportunity. All depends on your perspective.

CigarNut · 11-23-2010, 10:20 AM

Quote:

Originally Posted by Ashcan Bill

Portugal is next, probably early next year, with Spain lurking in the background. And bear in mind the bailouts are only band aids. The underlying problems still need to be solved.

Meanwhile we're running our own printing presses full speed.

I'm a little wary of the markets right now.

[RANT]
It's a real problem when the people won't pay for the government services that they (the people) have demanded the government provide...

Roads, transportation, garbage pick-up, etc., are not entitlements!

I wish we could just say to these people "you dug the hole, you figure out how to fill it in -- we have our own problems" but that won't happen...
[/RANT]

Ashcan Bill · 11-23-2010, 10:36 AM

Quote:

Originally Posted by mosesbotbol

Then again, this is a huge opportunity. All depends on your perspective.

Absolutely!

Commander Quan · 11-23-2010, 10:45 AM

Quote:

Originally Posted by CigarNut

[RANT]
It's a real problem when the people won't pay for the government services that they (the people) have demanded the government provide...

Roads, transportation, garbage pick-up, etc., are not entitlements!

I wish we could just say to these people "you dug the hole, you figure out how to fill it in -- we have our own problems" but that won't happen...
[/RANT]

This is only a small portion of the problem. The ponzi scheme that the Gov't is running is the big problem.

Subvet642 · 11-23-2010, 11:13 AM

CigarNut · 11-23-2010, 11:16 AM

Quote:

Originally Posted by CigarNut

[RANT]
It's a real problem when the people won't pay for the government services that they (the people) have demanded the government provide...

Roads, transportation, garbage pick-up, etc., are not entitlements!

I wish we could just say to these people "you dug the hole, you figure out how to fill it in -- we have our own problems" but that won't happen...
[/RANT]

Just to clarify -- I was referring to the various European countries that are on the verge of going broke... Many people refuse to pay their taxes thinking its voluntary, and then get angry when the government(s) are forced to cut back on or eliminate services...

icehog3 · 11-23-2010, 11:20 AM

And we're done here.

11-22-2010, 06:46 PM	#1
TonySmith Feeling at Home Join Date: Oct 2008 Posts: 653 Trading: (1)	World Economy I know there is no way around it, but this world economy is making investments nose dive. 90% of my investments down today because concerns over Irelands elections and they may be needing a bailout. Give me a break.

11-23-2010, 09:39 AM	#2
Ashcan Bill Ol' Dude Join Date: Oct 2008 First Name: Bill Location: Henderson, NV Posts: 1,901 Trading: (6)	Re: World Economy Portugal is next, probably early next year, with Spain lurking in the background. And bear in mind the bailouts are only band aids. The underlying problems still need to be solved. Meanwhile we're running our own printing presses full speed. I'm a little wary of the markets right now.

11-23-2010, 10:14 AM	#3
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: World Economy Yes, the PIGS are going to put the hurt in a lot investors. Then again, this is a huge opportunity. All depends on your perspective. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

11-23-2010, 11:13 AM	#7
Subvet642 Bilge Rat Join Date: Nov 2009 First Name: Darren Location: Torpedo Room Bilge Posts: 2,997 Trading: (13)	Re: World Economy __________________ *"Man's mind is his basic tool of survival. Life is given to him, survival is not." -John Galt*

11-23-2010, 11:20 AM	#9
icehog3 Admiral Douchebag Join Date: Oct 2008 First Name: Tom Location: Clermont, Kentucky Posts: 71,440 Trading: (60)	Re: World Economy And we're done here. __________________ Thanks Dave, Julian, James, Kelly, Peter, Gerry, Dave, Mo, Frank, Týr and Mr. Mark!