Black People : This is the Economy that McCain tells us is Strong

Discussion in 'Black People Open Forum' started by river, Sep 15, 2008.

  1. river

    river Watch Her Flow MEMBER

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    Right
    http://www.latimes.com/business/la-fi-mainbar16-2008sep16,0,2406358.story

    With banks closing, the real estate market in a shambles, food and gas prices sky high what else has to happen before people say enough?

    So much buffers the average US citizen from the economic woes of the nation. The wolf has to be stomping in our foyer before we even know he's in town.
     
  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa!




    river,

    So true, America is the Fall before Rome with 53 Trillion in debts and promises! But answer me this, when will you become my Friend, officially?

     
  3. river

    river Watch Her Flow MEMBER

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    It's a done deal, brotha
     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    river,

    Thanks, I really appreciate that! Sorry about the delay, catching up on the Politics.

     
  5. Jahari Kavi

    Jahari Kavi Well-Known Member MEMBER

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    more reason to get out of u.s.a. asap.....................
     
  6. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    Remember those threads talking about a Doomsday almost four years away?

    Well I maked my calendar 09-08-08 and have been tracking financial markets since. Starting with Ike and the effect on gas prices even as the price of crude ahs fallen to about 92 dollars a gallon.

    Asian markets also fell into freefall after us markets closed this evening. Washington Mutual stock now listed as "junk status" and this is the country's largest S&L. There are only two financial sectors up this year. Real estate and Bear market.

    So when politicians talk about the strength of the us economy keep in mind they are talking about two sectors and ignoring the rest.
     
  7. river

    river Watch Her Flow MEMBER

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    And Real Estate is just barely making it. That's why all those banks closed because of mortgage problems. I'm not clear but maybe Real Estate and mortgage are two different things but how far can one be behind the other?
     
  8. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    Its not just the mortgage/banking industry. Lehman Brothers, AIG, Morgan Stanley, Washington Mutual. Its also stock brokerage firms, insurance, foreign investment such as Barclays. The GLOBAL economy is in crisis all around.

    Just look at prices for crude oil now down to about $92.
     
  9. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    One more thing...I have been following the performance of REIT funds. Real estate is one of only two sectors up this year along with BEAR MARKET.
     
  10. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa!

    Good info, thanks and big ups to posters

     
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