Recession Official

 
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Old 12-03-2008, 01:12 PM   #41
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Re: Recession Official


2 negative quarters of GDP. banks still are'nt lending..why,because there balance sheets suck and they are worried about being adequately funded. this is a very bad recession that will be protracted. hate to see what the inflation rate will be in 10 years when we have to pay for all the friggin money the fed is pumping into the system. then again,the fed has no choice.

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Old 12-03-2008, 05:40 PM   #42
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Re: Recession Official


Quote:
Originally Posted by MALCO.New.York View Post
A calculated monetary crisis creates a situation where the Government has the Resources to offer such a "Bailout". Once the Money has been offered and then doled out, the Government then "Owns" those that they "bailout".
They privatize the profits, and socialize the losses.
I wonder if I can hitchhike to D.C. and ask for a bail-out with no business plan or repayment terms in mind if my company goes tits up next year...
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