Holy Moly! Guess that's another few years to retirement! Now I'll have to work till I'm 140 instead of only till I'm 120 !
Seriously, I heard from a friend that it's at a five year low. That's still post - "Internet Bubble".
I don't disagree that it may go down more, as you say, and that it will bounce back.
Guess we have to get back to fundamentals, and not wild speculation. I continually invest in my business, even if banks don't. A lot of us "little guys" and gals will continue to do that, best we can.
I fear what's yet to come. I seen, last night on TV, that this bailout wasn't enough and the economy will continue to suffer unless more is done, i hope they are wrong, but something tells me they aren't.
I'm no economist or financial expert so if I'm not understanding something I do apologize. From everything I've read and heard on various news outlets, the "bailout" is a longterm "savior" and will not affect anything in the shortterm.
Some things I did read on various news sites online however were saying that this bailout has the potential to significantly decrease the value of the dollar and pushing retail prices way up in the future. I've never heard that from the mainstream media however. Has anyone else read or heard this? I'm going to have to dig up the stories I read as I don't remember them offhand to post links to.
Well the Dow Jones was at 7,114.78 on Monday. My guess was 6,500.00. Not too bad for a guess. I have a feeling we're right about at bottom now. Maybe another 300 point drop but that's all.
They say the Dow should go up today, we'll see I guess.
I'm no economist or financial expert so if I'm not understanding something I do apologize. From everything I've read and heard on various news outlets, the "bailout" is a longterm "savior" and will not affect anything in the shortterm.
Some things I did read on various news sites online however were saying that this bailout has the potential to significantly decrease the value of the dollar and pushing retail prices way up in the future. I've never heard that from the mainstream media however. Has anyone else read or heard this? I'm going to have to dig up the stories I read as I don't remember them offhand to post links to.
The reasoning for prices going up in the future is the money supply increase = too much money chasing too few goods = inflation. Does make it easier for us to 'pay ourselves back' to repay the deficit spending. When the (inevitable, IMHO) inflation starts, best to own real property.
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