Oprano Adult Industry Forums - View Single Post - What changes are you making due to economy?

Hell Puppy · 10-07-2008

I keep preaching how dumb the average American is.

We're losing any sense of independence, and we have a true herd mentality now. We saw it here in Atlanta for the last month when the herd got spooked because stations were running out of gas.

Suddenly they are filling up everything they own and topping off as soon as there's room to hold more. What happens? A minor shortage now becomes a major shortage and a self fulfilling prophecy.

One thing that is very different from now versus 1929 so far is we have not had a real run on the banks yet. People are moving money around, especially those who have over the FDIC insured $100K. The feds tacked on raising that to $250K in the big bailout bill.

So far we haven't seen people make a run on the banks and want it all in cash. If that happens we're looking at a depression.

Same thing can happen to stocks, if people panic and run for cash, it'll keep tumbling. I still think what we're seeing this week is a lot of hedge fund redemptions as a result of the bail out bill. I wouldn't touch a margin with a 10 foot pole right now.

10-07-2008	#22
Hell Puppy Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 6,523	Re: What changes are you making due to economy? I keep preaching how dumb the average American is. We're losing any sense of independence, and we have a true herd mentality now. We saw it here in Atlanta for the last month when the herd got spooked because stations were running out of gas. Suddenly they are filling up everything they own and topping off as soon as there's room to hold more. What happens? A minor shortage now becomes a major shortage and a self fulfilling prophecy. One thing that is very different from now versus 1929 so far is we have not had a real run on the banks yet. People are moving money around, especially those who have over the FDIC insured $100K. The feds tacked on raising that to $250K in the big bailout bill. So far we haven't seen people make a run on the banks and want it all in cash. If that happens we're looking at a depression. Same thing can happen to stocks, if people panic and run for cash, it'll keep tumbling. I still think what we're seeing this week is a lot of hedge fund redemptions as a result of the bail out bill. I wouldn't touch a margin with a 10 foot pole right now.