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 Offline

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 Offline

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 Offline 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 Offline 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 Offline 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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