Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Phanuthier · 11-10-2008, 01:34 AM

http://www.reportonbusiness.com/serv.../Business/home

So, thoughts on this? I've bought in a few, but I keep holding back because I see CPI dropping, jobs keep getting cut (240k jobs lost last month), and so on. If the auto industry tanks, this would be niche market part 2 going down the tube this recession. Another niche market, the high tech - in the past 2 weeks, there have been major layoffs all around, and some companies have started to do more unpaid time off to cut costs. Projects are getting cut all around. All this bailout money they are throwing at this recession doesn't seem to be working, nor should it since we aren't just talking about paper losses anymore. AIG, BS, GM... a trillion here, a trillion there, sooner or later, we're going to be talking about real money.

So, how does this type of news affect the short term and long term projections of the health of the USA economy?

11-10-2008, 01:34 AM	#408
Phanuthier Franchise Player Join Date: Feb 2002 Location: Silicon Valley Exp:	http://www.reportonbusiness.com/serv.../Business/home So, thoughts on this? I've bought in a few, but I keep holding back because I see CPI dropping, jobs keep getting cut (240k jobs lost last month), and so on. If the auto industry tanks, this would be niche market part 2 going down the tube this recession. Another niche market, the high tech - in the past 2 weeks, there have been major layoffs all around, and some companies have started to do more unpaid time off to cut costs. Projects are getting cut all around. All this bailout money they are throwing at this recession doesn't seem to be working, nor should it since we aren't just talking about paper losses anymore. AIG, BS, GM... a trillion here, a trillion there, sooner or later, we're going to be talking about real money. So, how does this type of news affect the short term and long term projections of the health of the USA economy? __________________ "With a coach and a player, sometimes there's just so much respect there that it's boils over" -Taylor Hall