Hi ctophil,
This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.
I posted in another thread what I thought about the possible repercussions of nationalizing banks:
http://www.projectavalon.net/forum/s...ead.php?t=5195
Sorry to hear about your company.
Best regards,
Steve
Quote:
Originally Posted by ctophil
Hi everybody!
Today, the markets are rallying! Woohoo!! Everything will be just ok! Not...I'm tired of this ****. They keep trying to save the old system and making people like us look bad. "Uhh, you're just a doomsayer. The U.S. gov't will save us! It's such a resilient economy!" And then, people blame everything on me for the failure of my business, etc. *sigh* I'm so tired, everyone. We are obviously in a global collapse right now, and all these nations are taking ownership of banks left and right. Socialism across the U.S. and beyond is killing our society. But yet, there are still people who cares not and goes on with their "normal" lives. What am I to do?
-Phillip
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