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blackmsport · 5 August 2011, 06:16 AM

Watching the share markets globally dropped daily 2-3% last few days
Lloyd bank lost 3 bil last 6 mths
Italy may default

Gold 1640
Oil price drops

Signs of another recession

I am nervous lost my job last time for 3 months

Pray for luck this time

BamaBanker · 5 August 2011, 06:40 AM

US markets lost over 500 points just today and with the steady decline in the past 2 weeks has LOST every single gain for 2011 YTD.
My bank was seized by the Federal Reserve last time and forced me into early retirement and now my "nestegg" is tanking again.
Really scary stuff going on.

blackmsport · 5 August 2011, 08:06 AM

Lat time it was big banks that caused the crisis this time Goverments who absorbed su much debts for bailing them out that will cause the crisis

MortgageGuy · 5 August 2011, 08:47 AM

This is absolutely terrible and the worst part is I am not sure how this can be solved

rsg · 5 August 2011, 02:26 PM

Hanging on to cash and buying real estate until things stabilize.

blackmsport · 5 August 2011, 06:17 PM

Sea of reds today .... ASX dropped 4%

2careless · 5 August 2011, 09:20 PM

What can I do? I moved all my super to "cash" in July 1.

mtrunner · 5 August 2011, 11:05 PM

Definitely a scary time. The economy is in bad shape globally which makes matter worse. I just hope that my wife and I continue to stay employed! If you lose your job now it seems as though it is next to impossible to find another one. I feel so sorry for all the hard working people out there that were laid off and cannot find work when they are willing to do just about anything. Sad situation all around.

blackmsport · 7 August 2011, 11:42 AM

US now lost AAA rating

Dr. Robert · 7 August 2011, 12:09 PM

Don't worry.......that preacher/minister in Oakland, Calif. says the "rapture", end of the world as we know it, etc., etc. will happen Oct. 21st........so my advice is to have a big blow-out....party like it's 1999!
The end is near brothers & sisters......time to party & get down with your bad self.

blackmsport · 7 August 2011, 12:58 PM

I don't mind if it is a BIG BLAST, end of the world, everyone's gone

I just hate being unemployed for months and months and get depressed

That's what I really worry about

5 August 2011, 06:16 AM	#1
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	gfc round 2 Watching the share markets globally dropped daily 2-3% last few days Lloyd bank lost 3 bil last 6 mths Italy may default Gold 1640 Oil price drops Signs of another recession I am nervous lost my job last time for 3 months Pray for luck this time

5 August 2011, 08:47 AM	#4
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	This is absolutely terrible and the worst part is I am not sure how this can be solved __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

7 August 2011, 12:09 PM	#10
Dr. Robert 2024 ROLEX DATEJUST41 Pledge Member Join Date: Dec 2009 Real Name: Bob Location: U.S.A. Watch: 1655 Posts: 61,870	Don't worry.......that preacher/minister in Oakland, Calif. says the "rapture", end of the world as we know it, etc., etc. will happen Oct. 21st........so my advice is to have a big blow-out....party like it's 1999! The end is near brothers & sisters......time to party & get down with your bad self. __________________ Founder & Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

5 August 2011, 06:40 AM	#2
BamaBanker Banned Join Date: Jun 2009 Real Name: Jeff Location: Alabama, USA Posts: 212	US markets lost over 500 points just today and with the steady decline in the past 2 weeks has LOST every single gain for 2011 YTD. My bank was seized by the Federal Reserve last time and forced me into early retirement and now my "nestegg" is tanking again. Really scary stuff going on.

5 August 2011, 08:06 AM	#3
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	Lat time it was big banks that caused the crisis this time Goverments who absorbed su much debts for bailing them out that will cause the crisis

5 August 2011, 02:26 PM	#5
rsg "TRF" Member Join Date: May 2009 Real Name: Richard Location: California Posts: 1,092	Hanging on to cash and buying real estate until things stabilize.

5 August 2011, 06:17 PM	#6
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	Sea of reds today .... ASX dropped 4%

5 August 2011, 09:20 PM	#7
2careless "TRF" Member Join Date: Dec 2007 Location: Melbourne, AU Watch: Pepsi Posts: 4,370	What can I do? I moved all my super to "cash" in July 1.

5 August 2011, 11:05 PM	#8
mtrunner 2024 Pledge Member Join Date: Jan 2008 Real Name: Gary Location: Bozeman, MT Watch: 126508 Paul Newman Posts: 7,826	Definitely a scary time. The economy is in bad shape globally which makes matter worse. I just hope that my wife and I continue to stay employed! If you lose your job now it seems as though it is next to impossible to find another one. I feel so sorry for all the hard working people out there that were laid off and cannot find work when they are willing to do just about anything. Sad situation all around.

7 August 2011, 11:42 AM	#9
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	US now lost AAA rating

7 August 2011, 12:58 PM	#11
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	I don't mind if it is a BIG BLAST, end of the world, everyone's gone I just hate being unemployed for months and months and get depressed That's what I really worry about

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