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Old 01-22-2008, 09:34 AM   #1
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Exclamation World Ends Today: Film At 11:00!!



OK, everybody just calm down. The Main Stream media says we are in a recession and we are not: A recession is two consecutive quarters of negative GNP growth and we have NOT had that.

Sure the banks are in trouble. They got greedy and stupid and made a couple million bad loans to people they should not have. Now the economic system is correcting that. It will work out.

After 9/11, the stock market "crashed"...but it recovered in 59 days.
The Stock market has made money 100% of the time in any 10 year span and 97%of the time in any 5 year span. Take a breath. When the market is down, that's when you buy. Keep funding your 401K and your Roth IRA. Relax. You're in K-mart and the blue light just came on.

The feds cut the prime 3/4 of a per cent today. That means nothing to you, unless, if and until the banks pass that along in rates, and they likely won't.

It is a good time to be out of debt. Cut up your credit cards if you haven't already.

Oil is down 13% from $100 a barrel, the President wants more tax cuts and just might get them, the Fed cut the prime. Spring is just around the corner, the weather and the economy will both improve over time.

Find a state park and go camping.

Gheeez...
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Old 01-22-2008, 09:52 AM   #2
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I agree!!! Everyone over reacts. At my age, life is good if you wake up, and I woke up this morning.

I live in Cut & Shoot, TX., just 50 miles north of Houston. The economy is really good here. If someone in the Houston area is not working, that means they don't want to or are too particular. I am self emplyed and last year was the best year I have ever had and this one seems to be following suit. Gee, just when I wanted to slow down and think about retireing. Guess I will wait another year. You know, then my 401K will be back up (grin).

Thanks for the roport.

By the way, I used to be active in the weather watch volunteer program. Have had too many close encounters with tornadoes. Your posting on tornado preparedness was very good. Keep up the great work.

Yep, go camping. I use every excuse I can get to take the RV out. Visit relatives and friends, go to Wal-Mart, and yes, even to my business meetings with customers.

Happy camping,
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Old 01-22-2008, 11:43 AM   #3
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The Sky is Falling!!!!!


The company I work for has seen the best growth in the past year since it started 25 years ago. We hired over 1000 new employees in 2007 and continue to grow 1-08.


So where is the problem? Personally I have seen better times but I have also seen much worse in my life and I will make it.

Car = paid for
Camper = paid for
Golf cart = paid for
Land in TN = paid for


Cost of living = SUCKS!

House and truck financed and only 1300.00 in credit debt. Credit card debt could go tomorrow as well as the truck if I had to.

CD's GOOD
401 K is stable

Mike.
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Old 01-22-2008, 12:05 PM   #4
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Gentlemen
I just got out of bed
the reason why, I stayed up from 2 am to 9 am to watch the overseas markets, and the restraint they had plus the bounces the asian markets got hit with, when AMERICA sneezes everyone gets a little spittle on em.
it to shall pass,
oh and when i felt like i was dozing i watched the dem debate X3

my 401 is solid and is BUYING
BUY BUY BUY




shoot it allowed me to retire pretty comfortable at 42
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Old 01-22-2008, 01:05 PM   #5
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Well Its official.


channel 3 news Memphis at noon today said we were "trying to recover from the recession".


So I guess I need to close all of my accounts and put my money in my matress.
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Old 01-22-2008, 01:41 PM   #6
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Quote:
Originally Posted by MRimmer View Post
only 1300.00 in credit debt. Credit card debt could go tomorrow

Mike.
Get the sissors out and cut those suckers up!



Don't make me come up there!

Radio
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Old 01-22-2008, 01:57 PM   #7
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LOL

They are one card in the safe and not used in months. One card cut up and gone. I carry one on business travel for emergencies now.

Quote:
Originally Posted by Radio View Post
Get the sissors out and cut those suckers up!



Don't make me come up there!

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Old 01-22-2008, 05:22 PM   #8
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World Ends Today!

Good News and Bad News.

The good news is the world ends today!

The bad news is, I forgot to tell everyone yesterday!
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Old 01-22-2008, 06:30 PM   #9
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LOL


Good one!!!!!

Quote:
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Good News and Bad News.

The good news is the world ends today!

The bad news is, I forgot to tell everyone yesterday!
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Old 01-23-2008, 08:29 AM   #10
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I went out this morning and the sky, remarkably, was right where the Good Lord left it.

Amazing. That little chicken gets it wrong every time.
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