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ATWDLimited (< 20)

October 2008

Recs

5

Credit Markets and a Quick Reflection onthe past months

October 16, 2008 – Comments (1)

Wow, this market has been brutal, but it has been coming for 5 years now, and we all knew it was inevitable, at least I hope. This past year has been interesting, between huge gains and lightning fast losses. Fellow Americans, we are in bad times, they say we are not in "recession" but 2002-2008 GDP growth was weak, while core inflation, thats with out food or energy grew faster. Thats a negative wage growth and a contraction in a real dollar value of the Us economy. Not only that but consumer prices grew. What is that, that means we are not growing, but actual contracting according to the real value of GDP. Please, cheap imports are unsustainable and will rise in order to keep profit margins, oil and energy are going to continue to rise to counter inflation, retail is going to slow because Us wages are not growing relative to the actual value of the dollar, State governments are raising taxes left and right to make up for budget shortages, personal debt is to large to sustain as paying off debt with a shrinking paycheck occurs, Dems want to tax more, and the governments debt is going out of control due to inflation and overspending, Illegals who are now out of work as unemployment rises and there is less need for them will suck more and more of the federal money and state money on welfare, and most importantly we will have to face the coming hardship. Together, we must work to repair this system and set the American dream free from the shackles of government.  [more]

Recs

14

Told You So: Why the Austrians are Right and the Keynsians are full of ****

October 06, 2008 – Comments (4) | RELATED TICKERS: GLD , GE , XOM

Financial Crisis and Recession

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