Turmoil in financial markets, FED cuts 3/4 in emergency move

[sonar732]

With having a family of 5, I'm looking forward to seeing what the president and congress come up with regarding their economic stimulus plan.

SHOW ME THE MONEY!!

[XabbaRus]

Well from everything I have been reading this shouldn't be happening. The US govt knows the situation, Bush signed of on a package of measures the other day which should do some good, but it seems the investment market has assumed it won't happen which it has, ignored it and sold off.

So I say buy some stocks sit tight and things will be better in a couple of months.

[JSLTIGER]

I liked the CNN graphic this morning that read "Market Meltdown." Puh-leaze... it's pretty minor right now, especially if you want to compare it to the likes of the Great Depression.

[AVGWarhawk]

This was a long time coming. No matter, Bush will give out $700.00 checks to everyone and all will be well.

[SUBMAN1]

Hmm. Might be a good time to buy some preperty to those who might be interested. Cheap rates! You might make a boatload if you hang on to it for a few years at little expense to yourself!

-S

[STEED]

According to our great leader Gordon Brown we are in the green and looking good to ward of any recession.

So people of Great Britain stand by for a cut in the interest rates and spend your money like crazy, just like you did under Tony Blair.

BTW if you go in the red make sure it's over £75,000 and your debt will be a write off.

[GlobalExplorer]

Worldwide growth rates of 2-10% every year .. this cannot go on forever. If judas brought his 30 silver coins to the bank and received 5% interest rate, after 2000 years he would own 7,17 e+43 or
7173306613840656827838347127298700000000000 coins. I think this way mathematics can invalidate the concept of constant growth (that the current system is based upon). It could mean that a big crash is necessary from time to time, maybe roughly every 100 years.

I don't think this is the big crash, but there are signs that it might come in the next decades.

[SUBMAN1]

Originally Posted by GlobalExplorer

Worldwide growth rates of 2-10% every year .. this cannot go on forever. If judas brought his 30 silver coins to the bank and received 5% interest rate, after 2000 years he would own 7,17 e+43 or
7173306613840656827838347127298700000000000 coins. I think this way mathematics can invalidate the concept of constant growth (that the current system is based upon).

I don't agree. You forgot to factor in inflation, which would rise at a faster rate considering everyone invested like that. Problem is, only a few invest like that, so inflation need not rise to accomidate. This invalidates your mathmatics.

-S