US Stock Market goes into free-fall over oil prices - Mercedes-Benz Forum

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post #1 of 35 (permalink) Old 06-06-2008, 02:10 PM Thread Starter
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US Stock Market goes into free-fall over oil prices

Last look it was down 406 points to 12,100 range. Another 200 point drop and all the gains of the phony Bush economy will be totally wiped out.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

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post #2 of 35 (permalink) Old 06-06-2008, 02:18 PM
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But hey, at least we have 275% inflation in the oil and food sectors to keep the numbers up.

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post #3 of 35 (permalink) Old 06-06-2008, 02:25 PM
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There goes my retirement down the tube.
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post #4 of 35 (permalink) Old 06-06-2008, 02:30 PM Thread Starter
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The retirement savings of middle class Americans is the Golden Egg of the world. Looks like the egg is about to crack.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #5 of 35 (permalink) Old 06-06-2008, 02:41 PM
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Yes, 401k is a dangerous pyramid scheme
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post #6 of 35 (permalink) Old 06-06-2008, 02:42 PM
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death by bunga bunga!
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post #7 of 35 (permalink) Old 06-06-2008, 02:55 PM
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well, I was up 4.76% yesterday. I figure all that and more is gone today.

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post #8 of 35 (permalink) Old 06-06-2008, 02:59 PM Thread Starter
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This one is a bad one. We are about to see a general devaluing of the US economy. You simply can't sustain the kind of transfer of wealth we are engaged in.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #9 of 35 (permalink) Old 06-06-2008, 05:13 PM
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Quote:
Originally Posted by FeelTheLove View Post
This one is a bad one. We are about to see a general devaluing of the US economy. You simply can't sustain the kind of transfer of wealth we are engaged in.
To put it in perspective, the unemployment in Deutschland is 7% + same as France
and that's a record low (!)
So it's not a bad one as far as jobs in total.
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post #10 of 35 (permalink) Old 06-06-2008, 05:20 PM
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but we're winning, aren't we? :/



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