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Originally Posted by $5 submissions
The Dow acts as the ultimate "Truth-O-Meter" to all the "big plans" and "expectant announcements" floating around. So far, it's not looking good.
Another thing: I just watched the scariest shit ever--Goldman Sachs' Hong Kong/Asia head noting that while Japan's crisis was due to business expenditures which account for 12% of their GDP, the US' crisis is at the consumer end which accounts, at its height, for 72% of GDP. There's no "Japanese Lost Decade" comparison according to him. The US crisis is DRAMATICALLY going to be worse. All those stimulus bills didn't do dick in Japan.
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It is not going to be pretty.
We are just watching congress pay their buddies before the ship goes down.
Quote:
Originally Posted by Daddy Big Nuts
democrat?
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He was replaced by a democrat