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alstry (36.27)

Heart Failure

Recs

11

September 15, 2008 – Comments (5)

Roubini: 

This is indeed the most severe financial crisis since the Great Depression and occurring at a time when the US is falling in a now severe consumer led recession. The vicious interaction between a systemic financial and banking crisis and a severe economic contraction will get much worse before there is any bottom to it. We are only in the third inning of a nine innings economic and financial crisis. And the only light at the end of the tunnel is the one of the incoming train wreck.

I know people are not standing in line waiting for food or selling apples for a nickel.......yet.

Let's get one point clear....after this weekend it is becoming more and more obvious to the skeptics that this is the worst financial crisis since The Great Depression.....AND we are still in the early stages.

For those of you still seeing things still rosey......money is the blood of the economy and financial institutions is the heart that pumps the blood throughout the economy.  Think of other industries as other parts of the body...some more significant than others.

Sure your liver can presently filter fine, your lungs clear, and you GI tract sending stuff through like a well oiled machine....but if your heart fails....eventually the entire body will know and everything fails.

The question now is that pain in the left side of the chest simply muscluar stress.....or is that tingling down the left side of the arm symptomatic of something else???

So next time someone tells you its just a financial crisis....you may want to respond I guess its just a heart attack as well.

 

5 Comments – Post Your Own

#1) On September 15, 2008 at 2:13 AM, starbucks4ever (97.79) wrote:

If money is the blood of the economy, then the US economy suffers from hypertonia. A little bloodletting should make everyone happier.

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#2) On September 15, 2008 at 2:20 AM, kurtkalamar (< 20) wrote:

Don't worry, Cramer just called the bottom.  Guess everything is going to be ok...

 Yeah....

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#3) On September 15, 2008 at 2:35 AM, lquadland10 (< 20) wrote:

The blood of oil and control. Soon the riots will begin. More blood. All of this for control. Who funds these people? Oh yea the catholic church the Mormon church, the mosqus and temples and whatever large religious organization out there. I am thinking of becoming Quaker or Amish, although looking at the Salvation Army. I see by their balance sheet that the Salvation Army are the only ones that keep 10% and give away 90% The other ones keep 90% and give away the 10%. The Amish just help one another.  Ech.............

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#4) On September 15, 2008 at 3:01 AM, TheGarcipian (32.86) wrote:

Cramer's got a trust fund. His penance (and ours) is to give us comedic reprieve, and he's doing a fine job at that. WhaddaIhave? 42" of DLP telling me some really really bad news...

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#5) On September 15, 2008 at 8:21 AM, dinodelaurentis (78.80) wrote:

why all the doom and gloom?

i just got back from talking to the boys at the club and they spoke to the boys downtown who called the boys on the board and they said everythings fine.

uuummmmm, got to rush off boys, muffy wants to stop by the bank to access her deposit box and visit her mother's pearls...

G and Ts at 4 okay?

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