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Old 11-19-2008, 11:00 AM
 
Location: SoCal
316 posts, read 654,704 times
Reputation: 69

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30 Reasons For Depression 2.0 By 2011

(Source) MarketWatch
http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?guid={B28B49B5-EFD1-4941-B57E-A2BA1545BA09}



Redeeming the time, because the days are evil. Eph 5:16
FirstWatch
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Old 11-19-2008, 12:12 PM
 
16,434 posts, read 20,152,144 times
Reputation: 9564
I'll give you President Hoover's explanation for 25% unemployment : "The reason the rate of unemployment keeps rising is that every day more and more people are out of work."
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Old 11-19-2008, 02:13 PM
 
Location: SoCal
316 posts, read 654,704 times
Reputation: 69
Quote:
Originally Posted by jetway777 View Post
30 Reasons For Depression 2.0 By 2011

(Source) MarketWatch
http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?guid={B28B49B5-EFD1-4941-B57E-A2BA1545BA09}



Redeeming the time, because the days are evil. Eph 5:16
FirstWatch
CHARTS PREDICT DOW TO FALL TO 6400 IN LESS THAN A MONTH!!!
Charts Predict: Dow 6,400 in Less than a Month - Economy * Europe * News * Story - CNBC.com
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Old 11-19-2008, 03:09 PM
 
12,869 posts, read 13,687,615 times
Reputation: 4453
the dow took an ugly fall again today. i see that they are asking for help for wall street workers now, so you know things are getting bad.
Conn., NY, NJ Seek Aid For Wall Street Workers -- Courant.com
i have to say that i find it annoying that they might get 12,500 to "hold them over". i don't see why they don't get unemployment just like anybody else who gets laid off.
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Old 11-19-2008, 03:23 PM
 
5,332 posts, read 8,852,764 times
Reputation: 7643
Yes, there is unemployment benefit. They should get that like everybody else.

Man this bailout thing is turning this country into a welfare state -- one decidedly in favor of Wall Street, I might add.
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Old 11-19-2008, 03:35 PM
Rei
 
Location: Los Angeles
494 posts, read 1,671,654 times
Reputation: 233
Quote:
The governors say the emergency grant would allow the states to give each laid-off worker $12,500 to help them find jobs and relocate, and provide them with other services.
I don't think $12,500 is enough nowadays...
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Old 11-20-2008, 06:36 AM
 
3,283 posts, read 4,832,158 times
Reputation: 753
Quote:
Originally Posted by jetway777 View Post

what an absolute load of tripe. it really irks me when the misinformed blame the lack of regulation for this mess. if the risk/reward balance wasn't distorted by government guarantees, we wouldn't be in this mess. when the govt guarantees risk, banks behave irresponsibly. it's not rocket science.

if i tell you to go to vegas with your college money and i guarantee to make good your losses what will you do?
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Old 11-20-2008, 07:06 AM
 
3,283 posts, read 4,832,158 times
Reputation: 753
Quote:
Originally Posted by Bideshi View Post
I'll give you President Hoover's explanation for 25% unemployment : "The reason the rate of unemployment keeps rising is that every day more and more people are out of work."

the thing is that the 'new deal' was only a momentary respite. in 1937 we were back in recession 3 years into the new deal. that is what's going to happen here. obama is going inject trillions into this economy via his infrastructure stimulus. bridges, roads, airports, mass transit, energy generation projects are going to be put in place. some of it will prove useful, much of it will be a total waste of money. employment numbers will stabilise and perhaps even go up. in 5 years when everything is said and done, then what?

imo, all government stimulus, distorts demand. this creates massive mal investment. eventually the government runs out of bullets and can no longer stimulate the economy by createing credit, borrowing from overseas and printing money.
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Old 11-20-2008, 09:01 AM
 
2,197 posts, read 6,923,149 times
Reputation: 1698
Quote:
Originally Posted by floridasandy View Post
the dow took an ugly fall again today. i see that they are asking for help for wall street workers now, so you know things are getting bad.
Conn., NY, NJ Seek Aid For Wall Street Workers -- Courant.com
i have to say that i find it annoying that they might get 12,500 to "hold them over". i don't see why they don't get unemployment just like anybody else who gets laid off.
Maybe we should all write letters asking for funds to help us "adjust" to the losses in our retirement accounts and pensions that the financial services industry precipitated.

Let them get a taste of reality. I'm sure they'll agree it bites.
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Old 11-20-2008, 09:22 AM
 
Location: Norman, OK
32 posts, read 80,058 times
Reputation: 26
Quote:
Originally Posted by Bideshi View Post
I'll give you President Hoover's explanation for 25% unemployment : "The reason the rate of unemployment keeps rising is that every day more and more people are out of work."
Sounds like something Bush would say.
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