The Dow fell 678 points today to 8,579.
Seventh consecutive day of big losses.
No sign of where the bottom may be.
Some 401k plans have lost nearly 40%.
GM shares down to 1950 level.
Global auto market on verge of collapse.
Banks failing all over the globe.
Fed may take control of banks.
Emergency G7 meeting called at whitehouse.

This is getting very scary.

breathe! the world isn't going to explode, we just might be heading for a depression, but I am already poor so doesn't matter to me.

our ancestors survived the depression. we will be fine. just dont try to rob my house or its an axe to the head for ya. lol. as long as there is a govt i keep getting checks and as long as i get checks i can eat,lol.

dont you worry, the Bush administration and/or the White House will try and acquire these/certain banks... hmmm they cant have an ulterior motive now can they???

You look really comfy in your chair! :)

exactly

how has the bailout help us broke folk and/or will it


what a crock

we need to use article 5 of the constitution

because

they are watching

like in the Conspiracy Theory

now I'm scared

It does look like a very comfy chair...

and besides we shouldn't worry about the depression, after all its the scientists playing with the Hadron Machine in Switzerland we need to watch out for ha ha

do i need to come to florida and comfort you fran

problem is they are trying to bail out the rich.....how about bail us out.... its going to be bad crime will escalate and Someone mentioned CHECKS>>>>>>????? if banks dont have money those checks are about as useful as another hole in your head....

Every time somebody from the Whitehouse speaks, the market crashes further.

I think we will be seeing a fascist dictator soon.

I may look comfy but I am squeezing this bottle very tightly.

I'm with you buddy.I'm 65 yrs old and i've been in a depression my whole life.The most money I ever made in one year was $30,000.00.The corporate crooks spend that much one night at the bar.

i feel ya hard time, the only reason im clearing 20,000 atm is from my disability,lol. stuff is gonna get worse beofre it gets better unless hollywood and athletes start getting taxed out the ass,lol. im serious too, theyre all over paid losers.

Wow. I am really feeling for you. I believe this is real, something big is going to happen. We will wake up one morning and the world will have changed drastically.

I think I am going to Costco and buy a few cases of spam and some sacks of rice! Just in case.

yup got 2 20 pound sacks of rice, 50 cans of veggies, and no small amount of ammo. i aint going down easy,lol

From what I understand, all that's really being accomplished by the bank bailouts is that it's keeping financial institutions able to keep extending credit, as if that was the sole object of the world's economies. The out-of-control extension and use of credit played a big part in getting us to this point. It just continues to enable Big Business to gobble up smaller businesses and keep workers in slavery by Fear Of Job Cuts.


Great for Wall Street (maybe), but not for Main Street.

I think the only way to stimulate the economy is to make things more affordable to the average worker with minimal or no use of credit. We've seen by the out-of-control fuel prices how easily the economy can be manipulated.

I'm also not amused at all by how the current administration still has refused all this time to admit we're in a recession.......

That's how it looks from my perch, I've given my opinion, and I step off my soap box for now.

I look at what's happening as though the economy has cancer and is now undergoing a sort of chemotherapy. The cancer has to be stopped, but their is no 'magic bullet' that can target just the cancerous _leveraged_ credit that's choking the lifeblood out of the system. So, even the 'good credit', the kind that provides businesses with operating capital (the lifeblood), has to suffer, too, until the cancerous credit and its root causes are suffocated.

You'd have thought we'd have learned from all the excesses in the past-- alas, like one wise person once said, "Those who don't learn from history are doomed to repeat it."

-Kerry O.

I think that all these experts in the US Gov't are throwing everything thay can think of at this meltdown and it continues to worsen.

And now it has spread world wide.

From what I can gather from watching the talking heads is that this is economy going to crash and burn. Nobody knows exactly when.

The losses will be tremendous.

It will affect everybody.

I agree. As soon as gas went up to $4.00 a gallon (it did here on Mother's Day - been rising and dropping ever since), I knew the economy was in a state of emergency. The cost of doing anything has become so high, we're basically heading 90 miles an hour toward a brick wall.

I know it's about more than fuel, but that's what flipped all the lights on for me.