DOW drops below 11,000 - Mercedes-Benz Forum

 
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post #1 of 7 (permalink) Old 07-15-2008, 09:04 AM Thread Starter
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DOW drops below 11,000

Well, looks like the Republicans have finally done it - lax government regulation, runaway Bridge-To-Nowhere debt, disastorous unneeded foreign wars, the US economy is starting to look a lot like Enron:

Dollar sinks to record low against the euro - Jul. 15, 2008

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 #2 of 7 (permalink) Old 07-15-2008, 09:20 AM
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But we are winning...Jay, can you come to the rescue?
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post #3 of 7 (permalink) Old 07-15-2008, 10:07 AM
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Jay is going to clear all this up with his unbiased point of view that will show us all how narrow minded and easily led we really are. He just rides that way.
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post #4 of 7 (permalink) Old 07-15-2008, 10:12 AM
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Jay is going to clear all this up with his unbiased point of view that will show us all how narrow minded and easily led we really are. He just rides that way.
You mean like this?

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post #5 of 7 (permalink) Old 07-15-2008, 10:14 AM
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Oh thesus
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post #6 of 7 (permalink) Old 07-15-2008, 11:42 AM
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10,846! [-3188 off October's highs] Yikes. Glad it found some traction. That would hurt if it became tomorrows starting point.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #7 of 7 (permalink) Old 07-15-2008, 11:45 AM
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10,846! [-3188 off October's highs] Yikes. Glad it found some traction. That would hurt if it became tomorrows starting point.
Nice one.
Here is the a bwot truism. Not everything is as bad as bear would make it sound
and you know the other


-----------------------------------------------------------------
http://news.yahoo.com/s/ap/20080715/..._ge/oil_prices
Oil prices plummet $8 on spreading economic fears

By ADAM SCHRECK, AP Business Writer 42 minutes ago

NEW YORK - Oil prices plunged Tuesday as worries about the nation's economic health moved to the fore and OPEC warned that high pump prices are likely to erode global demand for crude

Last edited by mlfun; 07-15-2008 at 11:56 AM.
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