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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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0 Members and 5 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided
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triffid

#1366
August 04, 2011, 02:16:43 PM
A much smaller minto wheel doing useful work.  http://www.youtube.com/watch?v=bs_OtCsDJoY
triffid

the_big_m_in_ok

#1367
August 04, 2011, 02:27:49 PM
Quote from: triffid on August 03, 2011, 06:34:36 PM
I plan to go into real estate in a big way as a base for my wealth.I have far more control over real estate than I do the stock market or interest rates.triffid
Speaking of which:  The American stock market was down sharply on Wed. & Thurs (8/3 & 8/4).  Europe is just as bad.  They have less flexibility to play money games on the large scale that we do.  And we're still connected to them.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

triffid

#1368
August 04, 2011, 05:52:31 PM
No big surprise as people start their fears anew.Afterall all that really happened was we had a bigger budget rammed down our throats.What? you won't get paid if we don't come to agreement they said to 50 million people on SS,etc.Nevermind the stock market reacted like this                                                                                                                  :Wall Street on Thursday had its worst day since the depths of the 2008-09 recession and financial crisis

, as fears mushroomed worldwide about the faltering global economy.

Nearly every major U.S. stock index now is in the red for 2011.

The numbers tell the ugly tale:

--- The Dow Jones industrial average (charted below) plummeted 512.76 points, or 4.3%, to 11,383.68, the lowest close since Dec. 9, 2010. The Dow now is off 1.7% year to date.

--- The Dow’s point drop was the largest since it fell 680 points on Dec. 1, 2008. The percentage drop was the largest since the 4.6% plunge on Feb. 10, 2009.

--- Percentage declines in other major indexes for the day: Standard & Poor’s 500, down 4.8%; Nasdaq composite, down 5.1%; New York Stock Exchange composite, down 5.4%; Russell 2,000 small-stock index, down 6%.

--- Year to date the S&P 500 is down 4.6%, Nasdaq is off 3.6%, the NYSE index is down 6.7% and the Russell has slumped 7.2%.

triffid

#1369
August 04, 2011, 05:54:23 PM
If I were buying stocks now would be the time to buy! When everyone else is selling!Cash is king!triffid
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