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News Thread

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Hazybear
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Re: News Thread « Reply #6360 on: August 06, 2011, 12:54 PM »
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I agree.  Who would have thought 25 years ago the Chinese government would be telling the American government to sort out their debt problem!  The world is about to change!

Anyone else fancy taking up learning Chinese. They own Greece and an increasing share of Europe and also the majority of the US pretty much Smile World domiation by controling debt
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Littlebuddha
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Re: News Thread « Reply #6361 on: August 06, 2011, 12:56 PM »
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I agree but what currency is going to be used instead of the US Dollar.?
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Caz
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Re: News Thread « Reply #6362 on: August 06, 2011, 01:47 PM »
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I agree.  Who would have thought 25 years ago the Chinese government would be telling the American government to sort out their debt problem!  The world is about to change!
It's been changing for some time now Iris.......and not for the better!
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Iris
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Re: News Thread « Reply #6363 on: August 06, 2011, 01:49 PM »
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It is fascinating and worrying to know what the final outcome will be
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Caz
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Re: News Thread « Reply #6364 on: August 06, 2011, 02:14 PM »
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Not good!
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iamabritt
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Re: News Thread « Reply #6365 on: August 06, 2011, 02:22 PM »
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The american government both parties have been spending money like a drunken sailor.Now these chickens have come home to roost. it's very bad In all their talk about the debt ceiling they did nothing to curb spending in meaniful way and this is the result.
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Mark
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Re: News Thread « Reply #6366 on: August 08, 2011, 08:49 PM »
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3.39% drop on FTSE is huge... how long will this go on for?!?! Frown

Some absolute bargains to be had on the stock market though as some companies are being valued below their tangible assets.

 
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iamabritt
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Re: News Thread « Reply #6367 on: August 08, 2011, 08:51 PM »
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3.39% drop on FTSE is huge... how long will this go on for?!?! Frown

Some absolute bargains to be had on the stock market though as some companies are being valued below their tangible assets.

 
Not too long i hope,i know it useually goes back up but in the mean time........yiks. shocking
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Mark
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Re: News Thread « Reply #6368 on: August 08, 2011, 08:53 PM »
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Yeah, history shows there's no need to panic sell but damn it, this is depressing.
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iamabritt
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Re: News Thread « Reply #6369 on: August 08, 2011, 09:26 PM »
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I watched Obama today in the rose garden,he rather reminded me of the captain of the Titanic,saying in can't sink. I think we are on our way down Mr President.They have all kicked the can down the road waiting for someone else to do what has to be done. Cut spending tackle entitlements and revamp the lop sided tax system.48% of americans pay no taxes.
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tennis_girl
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Re: News Thread « Reply #6370 on: August 08, 2011, 09:32 PM »
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Where the hell did you get that statistic?
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iamabritt
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Re: News Thread « Reply #6371 on: August 08, 2011, 10:36 PM »
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Where the hell did you get that statistic?
I here it all the time on the news.
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tennis_girl
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Re: News Thread « Reply #6372 on: August 08, 2011, 10:42 PM »
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Yeah, unless I see that in print, I'm inclined to believe otherwise.
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iamabritt
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Re: News Thread « Reply #6373 on: August 08, 2011, 10:44 PM »
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Yeah, unless I see that in print, I'm inclined to believe otherwise.
The wall street journal has a piece on it i also did a search on google .
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blueberryhill
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Re: News Thread « Reply #6374 on: August 09, 2011, 07:55 AM »
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Cheer up Mark, Warren Buffet said.." Be fearful when the markets are greedy and greedy when the markets are fearful" so get your millions out from under the bed and buy, buy, buy Wink
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