US economy going down? Will it recover? - THE US Financial Crisis.

[EZRA]

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CHAD - was wondering, do you trade? If so, kumusta positions nimo today?

Goldman Sachs and Morgan Stanley are on the hot seat today. Both financial giants took big hits this past week lang (from a high of 44.65 last week to a low of 16.08 today) .. at same period of time, Goldman Sachs went down from a high of 173 of Sept 8 to a low of 97.78 today.

I talked about them last week sa akong previous post.. I should've put down some money where my mouth was - If I had more money in the market, shoulda made option puts on those companies. Haaahay!!!

[chad_tukes]

OT: @EZRA: no bro i don't (too young for it, lol). i'm not so into that stuff. i just read the news every morning. =)

[EZRA]

Good thing the FEDS bailout AIG for a staggering $85Billion. I guess AIG is just too big to FALL.

Too big and too important to everybody .... 100,000+ employees handling multi-million customers.

US economy is really in recession, the circumstances simply shows. We should be wary about this. At the same time, we should do something to prevent further damage to our economy. With the president's pronouncement, I'd like to think we can fight the battle against economic recession.

Our banks have prepared for it, news reports say. I guess we just really have to accept that we are affected because US is affecting the world. Nonetheless, we are not without any defense.

I sure hope Pinas banks are prepared for it `cause obvously the US financial institutions are slacking off in that department. The US is at the point where we can't even trust our neighborhood bank!

Humpty Dumpty sat on a wall.
Humpty Dumpty had a great fall.
All the king's horses and all the king's men
Couldn't put Humpty together again.

Any more news like this, everyone will go into panic mode gyud. God help us.

Dear, it's not over yet. Now we have Washington Mutual, Morgan Stanley, and Goldman Sachs to worry about - and much more to follow (and I sure hope I'm wrong).

[nItO/pIrEnA]

it will appear to be dying from a fatal wound, but it will recover fully...just like the beast in the apocalypse...hehehe

on the bright side, maayo ni para sa mga pinoy nurses sa tate, daghan na pud ug masakit tungod sa kaguol...dili gyud mahutdan ug pasyente ang mga hospital...hehehe

[EZRA]

Nito - when do you think the recovery is going to happen?

And why do you think nga maayo ni si mga Nurses sa states when their retirement funds are getting pummeled (401K, 403B, IRA, etc) ..

[chad_tukes]

lol, nito is just too optimistic. that's a good thing, though.

unfortunately, and to be realistic enough, nurses are not exempt from the craziness that is going on in Wall Street right now.

[EZRA]

Thing is - some people don't realize nga pordoy na ang Federal Reserve. This morning Treasury announced that it is going to issue a "special auction" of T-bills for the explicit purpose of adding to The Federal Reserve's balance sheet, murag na klaro nga hubas na gyud kaayo ilang bulsa.
(Bloomberg.com: Economy)

Unsaon ug di ma hubas... sa karon lang tuiga, The Fed had already used up almost 1 TRILLION for all these bailouts. Maytag ilang kwarta ang gi gamit ug bail aning mga kompanyaha, pero thing is - they're bailing out private companies with Joe Six Pack's tax dollars.

This was said centuries ago.. so true!!!

"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." -- Abraham Lincoln

[smurky]

while the average joe is busy worrying bout the economy, some businessmen see it as an opportunity coz they know sooner or later the economy will bounce back...

[smurky]

nia pay usa, i remember RObert Kiyosaki made a "bold" forecast
sa iyang "The Business School" book nga one reason maglisod
financially ang US is simply because kadtong world war babies nga karon
mga tigulang na, maoy usa sa mokaon sa US budget pinaagi sa pension
og retirement benefits... pagkadaghan baya nila...

it reminds me of Germany who's engrossed worrying how to manage
the alarming ratio of its young citizens vs. the old ones. mas overwhelming ang ratio
sa mga katigulangan... gamay na lang gani ang working force (young ones) the taxes they pay
are only eaten up by the government expenses (heavily concentrated pa gyud sa mga veterans)...

sakto ba ko? mura naman hinoon ko naglibog... hehehe..

[EZRA]

while the average joe is busy worrying bout the economy, some businessmen see it as an opportunity coz they know sooner or later the economy will bounce back...

Why wait when you can ride the bear market? .. There are different ways of playing the market regardless of the trend of the economy.

And.. you're right, the retiring baby- boomers are siphoning up social security.. That's another reason why the fed can't keep on bailing failing companies. Unsa naman tawn ang mabilin?