I think things will bounce back sooner than most expect.
Because: 1. We have many countries working together. 2. Fed / World banks are putting a lot of $$$ into the market. 3. We will be pulling out of the war soon. For many reasons. 4. If this was just a US problem we could have some problems, but the whole world is in this together. 5. New innovations in energy (generation, transition and storage) will drive the markets. Innovations drive markets. 6. The media. Once confidence improves word will spread quick and people will get back into the market sooner than in years past. 7. This may result in major changes (such as fairtax, it exposes the need for political change - congress). Get the jokers out of office.
I thought the crash was coming last year and have been 70% out of the market since then. I am a buyer in about 2-3 weeks.
Over the next few years we need real reform (Like Ron Paul Real).
If other countries devalue their currency by diluting it. Does not this help the US? It seems like Russia & the EU are doing the same thing we are. But what is the net effect? Global inflation?
On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed "the man who broke the Bank of England."
What is he planning next?? I have to give it to him he is one smart guy.
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Because:
1. We have many countries working together.
2. Fed / World banks are putting a lot of $$$ into the market.
3. We will be pulling out of the war soon. For many reasons.
4. If this was just a US problem we could have some problems, but the whole world is in this together.
5. New innovations in energy (generation, transition and storage) will drive the markets. Innovations drive markets.
6. The media. Once confidence improves word will spread quick and people will get back into the market sooner than in years past.
7. This may result in major changes (such as fairtax, it exposes the need for political change - congress). Get the jokers out of office.
I thought the crash was coming last year and have been 70% out of the market since then. I am a buyer in about 2-3 weeks.
Over the next few years we need real reform (Like Ron Paul Real).
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The Die Is Cast [View article]
Crisis can then mean "opportunity" in a time of "danger".
The key is finding the opportunities.
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On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed "the man who broke the Bank of England."
What is he planning next?? I have to give it to him he is one smart guy.
When It Rains, It Pours [View article]
newteevee.com/2008/09/.../
Do You Have the Guts to Buy? [View article]