The economy is gonna collapse next week!

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[ARCHIVED THREAD] - The economy is gonna collapse next week!

71-Hour_Achmed

Joined Apr 2001
Posts
EE 0% (0)

WA, USA

Posted: 8/3/2001 1:19:30 PM EDT

[Last Edit: 8/3/2001 1:29:25 PM EDT by 71-Hour_Achmed]

Are we f*cked or what? [:D] [url]http://dailynews.yahoo.com/h/nm/20010803/bs/markets_crash_dresdner_dc.html[/url] Some quotes:

``The revisions to productivity next week will undoubtedly leave Mr. Greenspan looking very foolish,'' it said. ``Investing in the U.S. miracle will in retrospect be seen as a sick joke. The markets will be forced to confront this harsh reality on August 7,'' DrKW Global Equity Strategist Albert Edwards wrote. ``Make a date in your diary! The U.S. 'new paradigm' will then be officially revised away! The risks of an equity crash are high,'' he added.

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My take on it: his bank must have shorted a bunch of stocks, and the market has been going sideways or up, costing them a fortune. JMHO, but unless the "revisions" wipe out eight years of solid growth, his statements are pretty ludicrous. (Edited to make the link active. --71HA)

Stealth

Joined Jun 2001
Posts
EE 0% (0)

OR, USA

Posted: 8/3/2001 1:36:51 PM EDT

Originally Posted By 71-Hour_Achmed: My take on it: his bank must have shorted a bunch of stocks, and the market has been going sideways or up, costing them a fortune. JMHO, but unless the "revisions" wipe out eight years of solid growth, his statements are pretty ludicrous.

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Jeeeeeez, predictions from a "leading German-based investment bank". Kind of like those hypesters and nay-sayers at raging bull or silicone investor, but on a larger scale. Yea, I think they shorted as well, and are attempting to unbury themselves. If you talk to 10 different economists, you'll get 15 different predictions.

Imbroglio Joined Jan 2001 Posts EE 0% (0) USA	Posted: 8/3/2001 11:12:39 PM EDT Woo hoo! It is going to be "Patriots: Surviving the Coming Collapse" for real! I need to buy another box of .22 and .38!

Ranman223 Joined Feb 2001 Posts EE 100% (15) IN, USA	Posted: 8/4/2001 7:15:13 AM EDT I need to go buy another brick of .22 for the big show down .

HeavyMetal Member Joined Feb 2001 Posts EE 100% (4) WV, USA	Posted: 8/4/2001 7:55:57 AM EDT Excuse me, I think I am going to sneeze.....ahh...ahh...ahh...ch..bullshit..oo......
	I suppose it is possible to convey more ignorance with less words, but I doubt I will ever see it in my lifetime.--Bohr Adam

[ARCHIVED THREAD] - The economy is gonna collapse next week!

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