Recession

elSicomoro · 03-22-2001, 09:20 PM

I don't remember where I was reading this...ah yeah! It was in an issue of Newsweek. They were talking about how some of the younger people that have been recently laid off don't know what it's like to look for a job in a "regular" economy.

I still don't think we're in a bad spot just yet. Let's face it...what we saw over the last 5 years was unusual. Everything was go-go-go don't stop. Now, we're putting the breaks on a bit...and some people have been thrown off. (I for one am glad my money is not in the stock market just yet.) The REAL investors KNEW that this was going to happen. True, I'm sure that everyone has lost some money with the past year's stock market. However, the true investor was there for Black Monday in 1987. They were there during the recession of the early 90s. They'll be here when the dust settles on the activities of this week. I think the NASDAQ has finally come back to Earth and hopefully, the Dow has as well. (Although, I think the S&P is a better gauge of the economy than the Dow.) Things could get worse though if Dubya is so hell-bent on this damned tax cut that is really more trouble than it's worth.

I wonder what Greenspan and his wife talk about after hours. Does he say things like, "God, why oh why did I raise rates last year? Stupid stupid stoopid!" Furthermore, I would imagine that his finances (along with his wife Andrea Mitchell's) are the most carefully watched out of anyone else in the US. After all, he IS in a precarious situation.

03-22-2001, 09:20 PM	#2
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	I don't remember where I was reading this...ah yeah! It was in an issue of Newsweek. They were talking about how some of the younger people that have been recently laid off don't know what it's like to look for a job in a "regular" economy. I still don't think we're in a bad spot just yet. Let's face it...what we saw over the last 5 years was unusual. Everything was go-go-go don't stop. Now, we're putting the breaks on a bit...and some people have been thrown off. (I for one am glad my money is not in the stock market just yet.) The REAL investors KNEW that this was going to happen. True, I'm sure that everyone has lost some money with the past year's stock market. However, the true investor was there for Black Monday in 1987. They were there during the recession of the early 90s. They'll be here when the dust settles on the activities of this week. I think the NASDAQ has finally come back to Earth and hopefully, the Dow has as well. (Although, I think the S&P is a better gauge of the economy than the Dow.) Things could get worse though if Dubya is so hell-bent on this damned tax cut that is really more trouble than it's worth. I wonder what Greenspan and his wife talk about after hours. Does he say things like, "God, why oh why did I raise rates last year? Stupid stupid stoopid!" Furthermore, I would imagine that his finances (along with his wife Andrea Mitchell's) are the most carefully watched out of anyone else in the US. After all, he IS in a precarious situation.

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