8.33 Trillion lost in the Stock Market

Discussion in 'Economy' started by user_name_guest, Oct 9, 2008.

  1. user_name_guest
    Offline

    user_name_guest Member

    Joined:
    Sep 19, 2008
    Messages:
    704
    Thanks Received:
    43
    Trophy Points:
    16
    Ratings:
    +43
    This past year. Over half of our GDP. Wow.
     
  2. Inferno
    Offline

    Inferno boatwoman

    Joined:
    Aug 15, 2008
    Messages:
    417
    Thanks Received:
    40
    Trophy Points:
    16
    Location:
    the river styx
    Ratings:
    +40
    It's not fixin to get better soon. The rest of the global markets are in the tank as well.
     
  3. AllieBaba
    Offline

    AllieBaba BANNED

    Joined:
    Oct 2, 2007
    Messages:
    33,778
    Thanks Received:
    3,648
    Trophy Points:
    0
    Ratings:
    +3,650
    That's the problem with globalization.
    It doesn't work. Everyone gets screwed.
    Time to batten down the hatches, produce our own goods and increase industry.
     
  4. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,581
    Thanks Received:
    3,193
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,167
    Holy fuck! I agree with Allie!!!!
     
  5. Iriemon
    Offline

    Iriemon VIP Member

    Joined:
    Apr 2, 2009
    Messages:
    2,745
    Thanks Received:
    99
    Trophy Points:
    83
    Location:
    Miami
    Ratings:
    +99
    It wasn't all just lost. Trillions are sitting in bank accounts and CDs and Treasuries, waiting until greed overcomes fear again.
     
  6. mash107
    Offline

    mash107 Active Member

    Joined:
    Dec 24, 2008
    Messages:
    570
    Thanks Received:
    82
    Trophy Points:
    28
    Ratings:
    +82
    Why not just an embargo around your city and have your city produce everything? That'd make you super rich.

    No, free trade isn't what caused this at all... it might be that gov't spent all the people's money for wars and welfare?
     
  7. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    The Return of Jesus Christ is Imminent!!!
     
  8. ItsFairmont
    Offline

    ItsFairmont Member

    Joined:
    Apr 2, 2009
    Messages:
    303
    Thanks Received:
    49
    Trophy Points:
    16
    Ratings:
    +49
    That's what you get for handing your hard-earned money to a complete stranger, hoping he's somehow going to make a lot of money with it and send you some of the profit.

    Most American millionaires made their money the same way they did 300 years ago:

    LAND.


    You buy it on margin (or even better, get the struggling homeowner to finance it to you), and then it grows in value.


    Just don't buy land when people say "real estate is hot."


    Buy real estate when people tell you it's a bad deal.


    Think about it.
     
  9. Iriemon
    Offline

    Iriemon VIP Member

    Joined:
    Apr 2, 2009
    Messages:
    2,745
    Thanks Received:
    99
    Trophy Points:
    83
    Location:
    Miami
    Ratings:
    +99

    Buy low sell high. Pretty easy. Folks should be buying now. But so many sell low and buy high.
     
  10. ItsFairmont
    Offline

    ItsFairmont Member

    Joined:
    Apr 2, 2009
    Messages:
    303
    Thanks Received:
    49
    Trophy Points:
    16
    Ratings:
    +49
    I sold my home in California in 2005 at the peak of the market and people said I was crazy.

    They said, "the market is hot. Now is not a good time to sell. In a year or two you'll see."

    I sure did. Yikes.


    Glad I got out of there.
     

Share This Page