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Old 10-09-2008, 08:47 PM  
petegz28 petegz28 is offline
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World Markets Crashing!!!!
Markets are crashing across the board right now...

Tokyo -10.6%
Singapore -6.9%
Australia -6.8%
Hong Kong -7.9%



This is starting to become some real scary stuff.
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Old 10-09-2008, 09:35 PM   #16
'Hamas' Jenkins 'Hamas' Jenkins is offline
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I would think that Treasuries would be the way to go.
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Old 10-09-2008, 09:36 PM   #17
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Originally Posted by talastan View Post
The first thing anyone should do is to get themselves some emergency cash on hand, and then start getting rid of debt and stay out of debt. You can save/invest a whole lot more when you're not giving your money to someone else. Thanks Dave Ramsey!!
Except that in times of hyperinflation your preexisting debt will end up costing you much less.
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Old 10-09-2008, 09:36 PM   #18
Amnorix Amnorix is offline
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Originally Posted by irishjayhawk View Post
Donger the oil shill will be in to tell me off but I find it amazing:

Dollar continues downward, markets are crashing, and panic has set in financially and yet gasoline is going DOWN.

Pretty hard not to conclude they have gouged the living hell out of people for a good 7 years.
In a bad economy all commodity prices go down, and oil especially as it's tied into a host of products that get used alot less in a down economy, including gas of course.
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Old 10-09-2008, 09:48 PM   #19
ClevelandBronco ClevelandBronco is offline
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Next Tuesday could be a great time to buy.
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Old 10-09-2008, 09:48 PM   #20
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I wonder if Americans, who may/will find themselves homeless, began congregating in the numerous Bushvilles?
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Old 10-09-2008, 10:06 PM   #21
Braincase Braincase is offline
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Originally Posted by ClevelandBronco View Post
Next Tuesday could be a great time to buy.
The Rothschild's are way ahead of you.
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Old 10-09-2008, 10:08 PM   #22
ClevelandBronco ClevelandBronco is offline
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The Rothschild's are way ahead of you.
They should be if they have any sense.
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Old 10-09-2008, 10:12 PM   #23
Braincase Braincase is offline
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They should be if they have any sense.
Watch "The Money Masters'. pretty dry, but amazing.
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Old 10-09-2008, 10:19 PM   #24
ClevelandBronco ClevelandBronco is offline
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Originally Posted by Braincase View Post
Watch "The Money Masters'. pretty dry, but amazing.
I have no idea what you're talking about.

Play the market when it's down and ride it back up.

I'm getting back in on Tuesday unless I see something I don't expect on Friday or Monday.
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Old 10-09-2008, 10:40 PM   #25
Lonewolf Ed Lonewolf Ed is offline
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Savings accounts look pretty good right now. Put your money in a bank not in market.
My savings acoount with its whopping .5% interest rate is a joke.
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Old 10-09-2008, 10:47 PM   #26
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I'm in physical pain here. I should've listened to my parents and just blown my money on sloe gin and fast women.
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Old 10-09-2008, 11:01 PM   #27
Mr. Flopnuts Mr. Flopnuts is offline
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We need another bailout!!!
Pelosi wants to print us all up some more paper. Or money, as it's called in the suburbs.
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Old 10-09-2008, 11:03 PM   #28
Mr. Flopnuts Mr. Flopnuts is offline
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Except that in times of hyperinflation your preexisting debt will end up costing you much less.
Exactly. If you have a bunch of bills right now and you're not facing garnishment, or any other form of involuntary recovery, sit on it for awhile. Believe it or not, right now it looks like a "good investment".
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Old 10-09-2008, 11:06 PM   #29
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I'm in physical pain here.
I think it is time for a "How much physical pain would you endure to make this go away" thread.
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Old 10-09-2008, 11:09 PM   #30
Smed1065 Smed1065 is offline
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Originally Posted by irishjayhawk View Post
Donger the oil shill will be in to tell me off but I find it amazing:

Dollar continues downward, markets are crashing, and panic has set in financially and yet gasoline is going DOWN.

Pretty hard not to conclude they have gouged the living hell out of people for a good 7 years.
Its the value of the dollah.
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