Off Topic

The spot for anything on your mind outside of Notre Dame athletics

On this Board 7
Record: 2477 (2/6/2013)

Online now 747
Record: 6507 (2/14/2012)

Boards ▾

Post a New Topic
Back to Topics
Sigs off
My boards ▾
Jump to a board I follow

You have no favorite boards.
Follow board
Follow board

Follow This Topic
5 votes needed to rate this Topic
Pages: 1 | Refresh

Ohh boy, markets will be down @ 15% Monday AM

- Reply
- Quote
- Rate Up Rate Down
21 months ago

If your not on a government pension...or on a very rare private sector pension...and your hopes were for the market or your home value....your now totally Fubared.

United States loses AAA credit rating from S&P - Yahoo! News

Read 'United States loses AAA credit rating from S Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.
news.yahoo.com
Bud71
- 5 stars
  Rating: 82
  374 votes total
- (1501)
- 30 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

Maybe 20 - 25% ?
Bud71
- 5 stars
  Rating: 82
  374 votes total
- (1501)
- 30 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago
3 time POTW, member since 2006, MLWTI: 4-3
irishyoung
- 5 stars
  Rating: 83
  4280 votes total
- (21603)
- 30 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

I don't think it'll be quite that bad. The expectations have already led the market to drop in the past week, this wasn't that big of a shock to the folks with the big money on the line.
jpv121
- 5 stars
  Rating: 95
  225 votes total
- (339)
- 21 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

You are right...it may not be that bad. However, no offense jpv, but I guess I don't give a rat about the folks with the big money. I know that when I ran credit card programs, approving a credit card with debt ratio's over @ 45% was very dangerous. 65% and your looking at about a 30% chance of losses, if not a bankruptcy.
The US is rapidly approaching 100%. I hate to see all the liberal pundants brushing this off as "not that big a deal." I don't care if S&P got the mortgage backed security right or wrong, it's irrelevant now. Heck, the government gets things wrong virtually all the time.

This post has been edited 2 times, most recently by Bud71 on 8/5/2011 at 11:07 PM

World Debt Clocks

Real Time World Debt Clocks
www.usdebtclock.org
Bud71
- 5 stars
  Rating: 82
  374 votes total
- (1501)
- 30 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

Here's today's latest success story....the U.S. Post Office....again.
My guess is that these guys are actually executing reasonable business processes. Aside from mail deliveries stacking up for Saturday delivery (OT?), I'm not sure there are huge reenginerring saves here.
So, that spells the usual culprit. Wages, benefits, pensions. Are these guys worth that much more than the minimum wage guy who gets canned or who's company closes...and he has to look for a new job every few years? No pensions there.

This post was edited by Bud71 on 8/5/2011 at 11:08 PM
Bud71
- 5 stars
  Rating: 82
  374 votes total
- (1501)
- 30 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

markets.
they're down they're up.
people sell, people buy.
there's a crisis followed by tranquility.
the whole GD scenerio is engineerd by those who have money who by these actions will have even more money.
Ted Nugent for President.
Run the ball. Stop the run. You win, or lose, up front.
Coach_Clancy
- 4 stars
  Rating: 65
  710 votes total
- (1752)
- 29 months
- Send Message
- Follow User
- Ignore User
- Reply
- Quote
- Rate Up Rate Down
21 months ago

Where or where is Matty when we need him?
--- he had the magic touch, but now he is gone.
Come back Matty...Obama needs you.
6yardsitko
- 2 stars
  Rating: 23
  1179 votes total
- (1939)
- 29 months
- Send Message
- Follow User
- Ignore User

Post a New Topic
Back to Topics
« Previous Topic
Next Topic »
Boards ▾

Rockne's Roundtable

The place for Irish fans to engage in hardcore discussion about Notre Dame athletics

Under the Dome

Talk with Irish fans from around the globe about college football's most storied program

Off Topic

The spot for anything on your mind outside of Notre Dame athletics

Irish Ticket Exchange

The place for Notre Dame fans to trade and exchange tickets

Off Topic

The spot for anything on your mind outside of Notre Dame athletics

Rockne's Roundtable

Under the Dome

Off Topic

Irish Ticket Exchange

Ohh boy, markets will be down @ 15% Monday AM

United States loses AAA credit rating from S&P - Yahoo! News

Bud71

Bud71

irishyoung

jpv121

World Debt Clocks

Bud71

Bud71

Coach_Clancy

6yardsitko

Post Reply

Rockne's Roundtable

Under the Dome

Off Topic

Irish Ticket Exchange

Notre Dame

247Sports

Features

Resources

Connect