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DOW below 10,000 for the first time in 4 years (pg. 3)
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| diggerz |
| quote: | Originally posted by elFreak
if you had the cash to expand it would be unwise considering you seem to not be in a position to take gambles. Save the investing for when you are more financially secure. Greed is what got everyone ignoring the fact that sustainable exponential growth was impossible in the first place.
you seem smarter than that. |
well, in the US (with such a potential and productive group of sectors - labour & service, technological, scientific et al) sustainable exponential growth is possible with moderate government intervention.
what got the economy into this mess were not the decisions of 'regular' ordinary people with nine to five's, but of those who wanted to live 'beyond their means', and the banks and institutions who lent and borrowed excessive amounts of financial assests that in reality they couldn't afford.
The economy is entering or has entered a 'recession' period, while there might not be exponential growth at least there will be 'some' growth. this economy is not coming down so easily, jason. your hopes of seeing america fail will not come to reality, at least not in my lifetime. that i assure you.
there is no place like america...no place |
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| fbgdavidson |
| quote: | Originally posted by verndogs
it's bargain hunting time |
I don't know how many times I've heard this since July '07!
Dollar cost averaging helps spread your risk, plus perhaps buy a little extra on big down days (like today). |
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| elFreak |
| quote: | Originally posted by diggerz
well, in the US (with such a potential and productive group of sectors - labour & service, technological, scientific et al) sustainable exponential growth is possible with moderate government intervention.
what got the economy into this mess were not the decisions of 'regular' ordinary people with nine to five's, but of those who wanted to live 'beyond their means', and the banks and institutions who lent and borrowed excessive amounts of financial assests that in reality they couldn't afford.
The economy is entering or has entered a 'recession' period, while there might not be exponential growth at least there will be 'some' growth. this economy is not coming down so easily, jason. your hopes of seeing america fail will not come to reality, at least not in my lifetime. that i assure you.
there is no place like america...no place |
where did i say i wanted to see america fail? It is not in the best interests of my wallet. You are coming to conclusions on my stance by reading into things that are not there.
as far as there being no place like america, i agree. (albeit maybe not for the same reasons and as a positive.) I have no hate for America, only disdain for policies that negatively affect people who are not citizens. This has absolutely 0 to do with the people of America (in general).
if sustainable exponential growth is indeed possible, i challenge you to find 1 instance of this happening in ANY country, at ANY time in history. Time travel is also possible.;) It just has never happened right?
I personally do not believe something to be possible until it has been proven and achieved at least once. |
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| elFreak |
| their growth is too recent and there is absolutely no proof that the chinese economy will never stop growing. |
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| Sunsnail |
| well of course it has to slow down eventually |
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| elFreak |
| therefore making continuous exponential growth a phenomena that has not been achieved , and a possibility only to those who get greedy way beyond reasonable expectations. |
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| Allied Nations |
| china will implode eventually... all the polution and working conditions will backfire on them big time |
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| gehzumteufel |
| quote: | Originally posted by Allied Nations
china will implode eventually... all the polution and working conditions will backfire on them big time |
And lack of water and incessant pollution of their water system are creating unsanitary water tables. |
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| Allied Nations |
| whats a water tablet? |
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