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NYMEX Crude Oil (Light) ........................121.20 5.64 NYMEX NYH RBOB Gasoline (Globex) ...... 3.0421 .1318

Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!

SELL SELL SELL

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Current Poll Results

How bad are the current economic problems?

A bump in the road.4 %4 %4 % 4.62% (192)
Somewhat Serious, but they can be readily overcome7 %7 %7 % 7.06% (293)
Serious - Storm clouds are brewing15 %15 %15 % 15.27% (634)
Very Serious - going to mean hardship for some24 %24 %24 % 24.11% (1001)
The beginings of the crash31 %31 %31 % 31.55% (1310)
Clean out your bank account now while you can.17 %17 %17 % 17.39% (722)

Total Votes: 4152


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"How bad are the current economic problems?" | Login/Create an Account | 11 comments
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Re: How bad are the current economic problems? (Score: 1)
by celticoil (criley@hotmail.com) on Monday, January 28 @ 11:22:50 PST
(User Info | Send a Message) http://www.diecastairplanesandwaterlineships.com

May I offer this very educational link that I found listed on the fiendsuperbear page:
http://www.cornerstoneri.com/comments/TrillionDollarSecret.htm

Explains bank derivatives and such to the layman (that's me!). The banks may be in more trouble than anyone will admit. But, as with all these things, we'll have to wait and see... However, I put my vote on the last tick. I'd put money down, but can't because, as with most USA'rs, I don't have a dime to spare!


Re: How bad are the current economic problems? (Score: 1)
by heroineworshipper on Monday, January 28 @ 14:27:47 PST
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U'd never guess anything was wrong in Silicon Valley. 5% housing inflation, 10% rent inflation, Web 2.0 boom.



Re: How bad are the current economic problems? (Score: 1)
by Michigan (aaronwissner [at] yahoo {daht} com) on Tuesday, January 29 @ 00:21:10 PST
(User Info | Send a Message) http://valuesystem.livejournal.com

Just a note on the "clean out your bank account". If your bank is anything link mine, you can only take out $5,000 in cash at a time... not that many have that much available on demand, but something worth keeping in mind.


Re: How bad are the current economic problems? (Score: 1)
by TreebeardsUncle on Friday, February 22 @ 02:13:33 PST
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Well.
I voted for serrious. Think it will take a couple years for the problems due to excessive leveraging to play out. Still have several years before PO makes its impact felt though.

g


Re: How bad are the current economic problems? (Score: 1)
by anarky321 on Saturday, February 23 @ 17:28:39 PST
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the powers that be are going to delay this crash for as long as is humanly possible (and possibly even longer)

the crash is coming, hard its just hard to say how soon it will hit, but once it does , its going to hurt just about everyone

best thing i can recommend is learn to live without buying loads of stuff now, so life doesnt have to teach you later

consumerism as we know it today is going to get squeezed hard


Re: How bad are the current economic problems? (Score: 1)
by Pops (Pops@TheOzarks.com) on Monday, February 25 @ 20:42:05 PST
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I'm thinking assess your situation, consult the 5-rules thread and come up with a plan.

Or sit there and fiddle.


Re: How bad are the current economic problems? (Score: 1)
by heroineworshipper on Friday, February 29 @ 21:48:30 PST
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It definitely feels like a lot of money is getting created without any production. The day spas, political consultants, energy consultants, Web 2.0 effects consultants, twinky routers, orange juice delicatessens & other completely worthless businesses R still making tons of money with no customers.



Re: How bad are the current economic problems? (Score: 1)
by patience on Thursday, March 06 @ 21:53:24 PST
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I voted to clean out your bank account now, based on the lack of knowledge as to which banks are in trouble, especially the smaller ones who could be at risk from construction loans. I agree that the ultimate crash will take a while to play out, maybe after elections, but maybe before.


Re: How bad are the current economic problems? (Score: 1)
by alokin on Sunday, March 09 @ 23:33:30 PDT
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I didn't vote, because the poll doesn't tell you if it refers to the US or to the worldwide economic.
(US- centered way of thinking!)


Re: How bad are the current economic problems? (Score: 1)
by Magus on Friday, March 14 @ 07:37:30 PDT
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It is my understanding that they (the U.S. and the worlds) economies are so intertwined that if the U.S. fails, isn't the rest of the world bound to follow it over the cliff?


Re: How bad are the current economic problems? (Score: 1)
by Ex_MislTech on Saturday, June 14 @ 18:52:19 PDT
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This is inline with the first comment made by Celtic Oil, the government is going to force the banks to put this back on their public balance sheets.

http://www.ft.com/cms/s/0/33cab6b4-31d1-11dd-b77c-0000779fd2ac.html?nclick_check=1

This will of course cause some problems for the banks as the article says, and loans will dry up for some of the banks due to the fact of what Celticoil says in his post.

This is just proof that what he said in the first comment is already coming home to roost.

I am amazed that they are allowed to remove these transactions from their books in the first place.

It smells like Enron all over again.
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