As the Economic Crisis deepens, what will the repurcussions be?

latenia · 06-10-2008 06:48PM

tipp86 wrote: »

Just dont pay off the loans which in turn will bust the banks hence no debt

The bank's debts will be sold off as assets to people who may not be as patient as your local friendly bank manager in getting their money back.

Volvoboy · 06-10-2008 07:11PM

latenia wrote: »

The bank's debts will be sold off as assets to people who may not be as patient as your local friendly bank manager in getting their money back.

+1

dr.bollocko · 06-10-2008 07:24PM

I was thinking of going out for Hallowe'en as negative equity.
Now that'll frighten the fanny mae right out of you.

Heroditas · 06-10-2008 07:30PM

Well I have no debt bar the mortgage which is fixed until 2010. No other loans and no overdrafts or credit card debt etc..... saving like mad for the last while for the wedding next year so kinda used to living frugally anyway!

God only knows what the mortgage interest will be like in 2010 though. :eek:

andrew · 06-10-2008 07:32PM

dr.bollocko wrote: »

I was thinking of going out for Hallowe'en as negative equity.
Now that'll frighten the fanny mae right out of you.

And I'll go as Fannie Mae, and everytime I shout 'BAILOUT!' someone has to throw me a can of beer. Preferably someone dressed as 'The Fed.' Oh wow...so many possibilities!

ninebeanrows · 06-10-2008 07:33PM

The DOW is Down 747.17 (7.24%)

Astonishing figures

Overheal · 06-10-2008 07:40PM

-723.60

its fluctuating a bit.

shenanigans1982 · 06-10-2008 07:40PM

Weathercheck wrote: »

The DOW is Down 747.17 (7.24%)

Astonishing figures

C'mon you gotta be more sensationalist than that....something along the lines of "The Catastrophic fall of the Dow on Black Monday has resulted in the Apocalypse....THE APOCALYPSE IS COMING!!!!!!!!!!"

ninebeanrows · 06-10-2008 07:50PM

shenanigans1982 wrote: »

C'mon you gotta be more sensationalist than that....something along the lines of "The Catastrophic fall of the Dow on Black Monday has resulted in the Apocalypse....THE APOCALYPSE IS COMING!!!!!!!!!!"

I will do that when if it were to hit -1000, because then it would be truly
unreal and scary.

Kernel · 06-10-2008 07:54PM

All this talk of stocks and shares etc. What I want to know is, how much is a T-Bone steak in Shanahans 'on the green' now?

Daithi McGee · 06-10-2008 08:01PM

shenanigans1982 wrote: »

C'mon you gotta be more sensationalist than that....something along the lines of "The Catastrophic fall of the Dow on Black Monday has resulted in the Apocalypse....THE APOCALYPSE IS COMING!!!!!!!!!!"

The apocalypse started a while back. See sig.

I will embrace the new changes. Society and human kind in general has lost it way. I have a gun so bring it on

antodeco · 06-10-2008 08:01PM

Same prick as a kilo of crack. Hahaha, bone and crack. Giggidy

minxie · 06-10-2008 08:03PM

Daithi McGee wrote: »

The apocalypse started a while back. See sig.

I will embrace the new changes. Society and human kind in general has lost it way. I have a gun so bring it on

are you looking for any recruits??? :pac:

OPENROAD · 06-10-2008 08:08PM

On the plus side Oil continues to fall, lowest since Feb.

Overheal · 06-10-2008 08:10PM

Gawker Media Group wrote:

Jim Cramer, host of CNBC's "Mad Money" and dedicated yelling enthusiast is apparently no longer content to behave strangely on his own television program, so he's taking the crazy to the Today Show.

In our latest episode, Cramer tearfully informs Ann Curry that the time has come for some of you who are dabbling in the stock market to make a hasty retreat. If you're going to need access to your money in less than 5 years... sell! No matter what.

What Jim is trying to say, through the tears, is that if you're planning on needing your money within 5 years — you shouldn't be investing in individual stocks.

“I don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market,” Cramer told Curry. “I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”

RUN FOR YOUR LIVES!!!

minxie · 06-10-2008 08:10PM

OPENROAD wrote: »

On the plus side Oil continues to fall, lowest since Feb.

true,, but they arent passing that drop on to
us mere mortals..:mad:

Daithi McGee · 06-10-2008 08:13PM

minxie1 wrote: »

are you looking for any recruits??? :pac:

lol no. I meant the greek bit about Armageddon has begun!

Did you not get the memo? It has been circulating for quite sometime...

dr.bollocko · 06-10-2008 08:23PM

antodeco wrote:

Same prick as a kilo of crack. Hahaha, bone and crack. Giggidy

:eek::D

Agamemnon · 06-10-2008 08:45PM

Darragh29 wrote: »

Don't tell me that $700,000,000,000,000,000,000,000,000,000,000,000 we were all debating on here last week has been blown already!?!?!

Sorry 'bout that.

I thought that lap dancer genuinely liked me. Manipulative bitch! :mad::mad::mad::mad:

towel401 · 06-10-2008 10:48PM

lap dancers don't genuinely like anyone

simu · 06-10-2008 11:01PM

Kernel wrote: »

All this talk of stocks and shares etc

What has happened to love and cares (etc) ???

As the Economic Crisis deepens, what will the repurcussions be?

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