Posted: 3/13/2008 9:47:20 AM EDT
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So how do people see us getting out of this: o Housing market recession/depession o Capital markets seized up o Dollar plummeting o Oil/gold/commodities soaring o Inflation going up o Equities falling o Hiring going down big time o GDP dropping, probably going negative Q1 Trying not to be too negative, but it seems like an awful lot of crap to deal with at once. |
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They probably cannot all be dealt with at the same time. The housing market needs to come down so I would let it fall. High home prices only help the government and people who own investment homes anyway. The dollar going down sucks but it is causing exports to increase which we really need to lower the trade deficit. High oil prices will result in lower usage and hopefully more domestic drilling. It would be nice to tell OPEC we no longer need you. Long term the government needs to cut their spending by a massive amount and stay out of the energy markets, health care, and other private businesses. Their stupid ethonal plan is screwing everyone except corn growers. Why we just can't all use the same gas with no additives is beyond me. Just standardizing gas would lower the price a lot. Every market has a custom blend mandated by the EPA now. |