But we will see...but I say in 6 months we will be back with gains at 6% per week.
CJ
Re: Recession comin
Member #: 39257
Registered: 7/12/2005
Posted:
43
Name:
Chuck Jones
Name:
Chuck Jones
Company:
GCJJ Splicing &Technacal
Occupation:
Cable Guy
Location:
Anchorage Alaska
Don't panic, yes we are into a recession(two quarters in a down turn) But people the percentages of reduction are low and will remain low. The picture that people seem to paint is that a recession is a depression. The biggest reason we even had a depression in the 30's was that there was a run on the banks. Please remember that the reduction in the flow of money is what a depression is. Your money, peoples money, there is no such thing as the banks money. Usually when stocks go down bonds go us interest on savings account will be expected to go up( to entice monies back into the banks) relax your fears on money. The tighter you become with monies the more worthless your assets become. Those who stay in the game through the slow down usually emerge on the other side gaining greater position. The run up in prices we've experienced in the past was expected to be followed by a period of stabilization, which would indicate a correction was needed. I BELIEVE the American economy is flexible and lucid.
But we will see...but I say in 6 months we will be back with gains at 6% per week.
CJ
But we will see...but I say in 6 months we will be back with gains at 6% per week.
CJ
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