It seems to me that there is a big difference between a market crash and a depression. This current doom and gloom about the market is nothing more than doom and gloom really. The only ones that will actually 'lose' money are the ones tht decide to bail now with the prices down. That, on the other hand, seems to create a great buying oppertunity for those who are likely creating the doom and gloom, which is most likely what this is all about.
The core problem that existed with sub-prime, and the credit crunch it's created will likely be mostly offset by the 700 bil 'package'. That should restore liquidity to the banks, provided this foolishness doesn't lead to a bank run.
There is no doubt a slowdown or recession upon us that won't be good, but I don't see why it has to be very bad IF the doom talk can be brought under control. Two major election campaigns under way in north america right now are not helping. Here in Canada I'm watching the news nightly... and I see Dion and Jacka$s both spouting depression talk and taking cheap shots at the government in hopes of scoring political points by playing on peoples fear when their comments could have real results in generating fear. Both seem to me to be the most irresponsible type of fools that could ever hope to take office. Sitting here, it doesn't look any better to the south... It seems to me that recessions and depressons are self fulling profecies... based on fear, creating more fear and causing a chain reaction. Chill....
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