Quote:
Originally Posted by slapass
I think most people would agree we are on the upswing.
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Neither one. Nothing has been solved. If anything we they set us up for a more trouble in the near future, mark my words. Your "most" people are who? Just because wall street is getting back to its game doesn't mean anything. I think these people you refer to are to short sighted to see the bigger picture.
People are still losing jobs and the number of unemployed continues to grow.
People are still losing their homes.
Banks aren't lending any of that money they got in the bail out, as a matter of fact some of them simply just closed doors. Last I check 130 banks failed and closed their doors in 2009 and others were consumed by other banks. The ONLY reason we didn't fall into another depression is because of the number of banks we have. The more their numbers decrease the greater risk we have of a real disaster like the Great Depression. Especially since the dollar is weak, foreign governments want to stop trading in the US dollar.
I don't see a crisis having been averted. I see only the passing first wave of the tsunami that is coming.

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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01