So are we better off today then we were 4 months ago?

Discussion in 'General Discussion' started by NOBama, May 21, 2009.

  1. NOBama
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    NOBama Senior Member

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    Just curious to know if anybody thinks we’re better off today then we were 4 months ago.
     
  2. Xenophon
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    Xenophon Gone and forgotten

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    Worse, alot poorer as a country now.
     
  3. manu1959
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    manu1959 Left Coast Isolationist

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    guess it depends who you are....if you are an illegal alien that has defaulted on your home loan car loan and credit card loans and you are a member of a union you may well be set for life......if you own the company that this guy works for you are probably screwed.....

    as for me....nothing has changed .....

    flat is the new up baby.........
     
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  4. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    I should neg rep you for depressing me, but you are right.
     
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  5. manu1959
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    manu1959 Left Coast Isolationist

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    it is sad really.....
     
  6. Bootneck
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    Bootneck Diamond Member

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    How can we better off? We're all four months closer to death! :eek:
     
  7. JW Frogen
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    JW Frogen Gold Member

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    Last edited: May 22, 2009
  8. TofuDog
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    TofuDog BANNED

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    With a black man at the white house, I bet that the carpets are in better shape than they were 4 months ago.
     
  9. editec
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    editec Mr. Forgot-it-All

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    I am.
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    but with flat being the new up, and inflation on our doorstep from the near decade of deficits and as far as the eye can see, on future ones,

    that flat is going to be a DOWN in real purchasing power due to inflation that is DESTINED to hit us....if you got money saved already, you can make a mint just by putting it in to CD's at much, much higher returns....my parents during Carter I believe, got 20% interest rates paid just on CD's...they had a couple of hundred thousand saved going in to this high inflationary period and came out with over a million, just from the high yields they were getting....

    hmmm, I wonder if one shouldn't buy a house, 30 year fixed at the 4.75% they are offering and then borrow against it and put that in to 10-15% yielding CD's when inflation hits? getting the tax write off for the house mortgage, higher interest on secured cd's?

    ohhhh, but that would only work if you had equity in your house, I suppose....or else you could not borrow against it with a second mortgage....hmmm, never mind....
     

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