slimbruddah
Active member
Anyone else agree that a huge shit storm is coming? I smell depression, not recession.
So how about that Economy?
- Thread starter slimbruddah
- Start date
seeingstars
Member
i don't agree
and neither does the best investor of all timehttp://timesofindia.indiatimes.com/..._sense_Warren_Buffett/articleshow/3609825.cms
and neither does the best investor of all timehttp://timesofindia.indiatimes.com/..._sense_Warren_Buffett/articleshow/3609825.cms
slimbruddah
Active member
From article above.
"But most major companies will be setting new profit records 5, 10 and 20 years from now," he asserted."
Five years sounds like a long time to me.
"But most major companies will be setting new profit records 5, 10 and 20 years from now," he asserted."
Five years sounds like a long time to me.
seeingstars
Member
The only reason everyone thinks the market is going to fail is FEAR. If everyone would just calm down and figure out that the US government will not let it's economy fail, which it has proven with the 700 billion dollar bailout and what not, we would be fine.
That being said, our economy is too diversified to fail. We simply have our hands in too many things. If I was Canada I would be more worried because they have so much of their economy devoted to natural resources. That's why the Canadian dollar is devaluing- because raw materials are devaluing.
If you're smart you'll buy now.
That being said, our economy is too diversified to fail. We simply have our hands in too many things. If I was Canada I would be more worried because they have so much of their economy devoted to natural resources. That's why the Canadian dollar is devaluing- because raw materials are devaluing.
If you're smart you'll buy now.
VT_scratch
Active member
exactly. you would think the candadian $ would be doing better than the american $ but because they have so many natiral resources like gas trees etc and they sell a shitload to US, us isnt buying thus the canadian dollar not soaring
at least thats what i think..
at least thats what i think..
slimbruddah
Active member
Except the bailout has had no effect.
clive_bixby
Active member
bailout-confidence booster. everyone should just stop freaking the fuck out
Download-My-Apps
Active member
Firstly, we're not dependent on staples. And you don't think China and India aren't waiting to buy our exports when the states go broke?
Canada is much better situation the states, if it was up to me we'd already start selling to other countries other than the states. We've cut you guys way too much slack, the softwood lumber deal was a joke, not to mention California owes BC shit loads of money for electricity.
Canada is much better situation the states, if it was up to me we'd already start selling to other countries other than the states. We've cut you guys way too much slack, the softwood lumber deal was a joke, not to mention California owes BC shit loads of money for electricity.