Anybody else finding today's financial news less than reassuring?

[conuly]

Anybody?

Comments

[apocalypsos.livejournal.com]

The only financial news I've read in the last few months that's reassured me somewhat was the news report I read today that said people who got their tax returns through direct deposit and those whose Social Security numbers end in low digits (for example, 03 or 05) should get their rebates bright and early. I'm both, so I should have mine by May 2, according to the article. \o/

[rantinan.livejournal.com]

well, frankly hell yes.
lets be ubar blunt here. 5 years ago when i predicted an ubereconomic downturn by 2010 i was doing so on the skyrocketing price of oil ALONE.
I'd honestly thaught the oil spike would have supressed the golbal economy by now, becasue if a self educated hack could work out the dangers of unrestricted lending then so could the business graduates in charge of dolling out the bucks.
Apparently, i was completly, totaly, INSANELY wrong.
It;s actualy pritty dificult to get my head arround just how wrong I was. But seing the write down on Bearn Stienes nails it home. If a bank can drop to 1/4 of its list value in 3 days, we are in for som very "intersting times" economicaly indeed.
Days like this i give thanks for my government job

[tsukikage85.livejournal.com]

What news?

[cumaeansibyl.livejournal.com]

Yeah, I was just having a discussion with my husband about it, and it was one of those discussions that included "let's ask the Mormons for stockpiling tips" and "maybe we should buy a gun."

Now I think that's probably a little paranoid, since I don't think we're going to have marauding hordes of looters in the suburbs of Kalamazoo even at the worst of things, but you know, we're worried, of course we're worried. I'm a rank amateur at this sort of thing but even I can tell that something's very wrong with our economy, propped up as it is by easy credit and insane loan terms.

[wakasplat.livejournal.com]

It's been less than reassuring a long time before today.

[interactiveleaf.livejournal.com]

You were still hoping for reassurance?

Oh, silly, silly, optimistic conuly.

[threeoranges.livejournal.com]

Just read this before spotting your post:

http://www.smirkingchimp.com/thread/13499#comment

Only thing that really surprises me in that article is the mention of the homeless being able to "sell" their plasma. (I thought blood stocks were a matter of donation since the AIDS/hepatitis scares?) But yes, I've been hearing similar predictions for ages, and seeing them inch closer to reality gives me no joy at all. Some of the comments to that article are REALLY scary, such as the one about foreclosures.

[ciara-belle.livejournal.com]

I am definitely not reassured. The latest financial news is just another straw on the pile of "I don't think I can do my PhD here next year".

[liannas-mom.livejournal.com]

Only for about this whole year....I think the financial industries are going to crash by the end of this year....scary.

[apocalypsos.livejournal.com]

The only financial news I've read in the last few months that's reassured me somewhat was the news report I read today that said people who got their tax returns through direct deposit and those whose Social Security numbers end in low digits (for example, 03 or 05) should get their rebates bright and early. I'm both, so I should have mine by May 2, according to the article. \o/

[rantinan.livejournal.com]

well, frankly hell yes.
lets be ubar blunt here. 5 years ago when i predicted an ubereconomic downturn by 2010 i was doing so on the skyrocketing price of oil ALONE.
I'd honestly thaught the oil spike would have supressed the golbal economy by now, becasue if a self educated hack could work out the dangers of unrestricted lending then so could the business graduates in charge of dolling out the bucks.
Apparently, i was completly, totaly, INSANELY wrong.
It;s actualy pritty dificult to get my head arround just how wrong I was. But seing the write down on Bearn Stienes nails it home. If a bank can drop to 1/4 of its list value in 3 days, we are in for som very "intersting times" economicaly indeed.
Days like this i give thanks for my government job

[tsukikage85.livejournal.com]

What news?

[cumaeansibyl.livejournal.com]

Yeah, I was just having a discussion with my husband about it, and it was one of those discussions that included "let's ask the Mormons for stockpiling tips" and "maybe we should buy a gun."

Now I think that's probably a little paranoid, since I don't think we're going to have marauding hordes of looters in the suburbs of Kalamazoo even at the worst of things, but you know, we're worried, of course we're worried. I'm a rank amateur at this sort of thing but even I can tell that something's very wrong with our economy, propped up as it is by easy credit and insane loan terms.

[wakasplat.livejournal.com]

It's been less than reassuring a long time before today.

[interactiveleaf.livejournal.com]

You were still hoping for reassurance?

Oh, silly, silly, optimistic conuly.

[threeoranges.livejournal.com]

Just read this before spotting your post:

http://www.smirkingchimp.com/thread/13499#comment

Only thing that really surprises me in that article is the mention of the homeless being able to "sell" their plasma. (I thought blood stocks were a matter of donation since the AIDS/hepatitis scares?) But yes, I've been hearing similar predictions for ages, and seeing them inch closer to reality gives me no joy at all. Some of the comments to that article are REALLY scary, such as the one about foreclosures.

[ciara-belle.livejournal.com]

I am definitely not reassured. The latest financial news is just another straw on the pile of "I don't think I can do my PhD here next year".

[liannas-mom.livejournal.com]

Only for about this whole year....I think the financial industries are going to crash by the end of this year....scary.