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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (98466)11/9/2007 9:39:09 AM
From: Little Joe  Read Replies (1) | Respond to of 314118
 
Thank you so much for such a thoughtful and intelligent reply.

Little joe



To: loantech who wrote (98466)11/9/2007 10:17:33 AM
From: koan  Read Replies (1) | Respond to of 314118
 
Hi Tom. I am hearing the war has cost 700 billion and between 2 and 3 billion a week. 2 trillion best guess before war is over and of course who knows how high, high could really be.

And we are broke.

We also need to borrow 100 billion a month for the deficits and the world wants no more of our debt.

I recently posted: Jimmy Rogers said we owe 13 trillion and our debt is increasing at one trillion every 15 months.

Last, what happens when we go into a recession? Debt will skyrocket. China trade deficit was 30 billion just last month. One month. And our baby boomers will all need hip, and knee (@ 25K a pop-lol) replacements and other continuous patchwork-lol.

Our housing market is so bad Tom, very few in my business can even make a living. I am going to take the winter off and go south. I will be seeing my kids in a few weeks.

Maybe I can get that BBQ-lol?