The U.S. Economy

Discussion in 'Off Topic' started by Armadillo of Doom, Feb 11, 2008.

  1. Armadillo of Doom

    aa Armadillo of Doom Group Founder, Lover of Pie

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    Edit 1: All you need to know http://www.youtube.com/watch?v=dE-L.../2008/02/12/wall-street-meltdown-–-the-video/

    I just had a very long and drawn-out conversation with my father about the general state of stuff. He pointed me to this article, which is a bit more gloom and doom than I usually subscribe to. Regardless, it's an interesting read. The similarities between right now and the years leading up to the Great Depression are startling. And for those who are so inclined; right now he is short stocks and a few bonds in all industries. That means selling now, and buying later at a lower price, thus making a profit. I personally am going long in gold, kindof. Three 2.8 ounce solid gold coins I got for my birthday last year. Hanging on to those babies for a long time. Again, this article is more doomsday that I generally accept, but it's just plausible enough to warrant a read. http://www.investorsinsight.com/otb_va_print.aspx?EditionID=651
     
    Last edited: Feb 14, 2008
  2. drp

    aa drp

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    the us economy is just a huge crazy roller coaster. im not too worried. good read tho.
     
  3. Scotland Tom

    Scotland Tom L6: Sharp Member

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    There is at least one major factor that separates this time from the Great Depression - FDIC insured banks.
     
  4. Armadillo of Doom

    aa Armadillo of Doom Group Founder, Lover of Pie

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