ichernomor Posted March 13 Report Share Posted March 13 What are you people talking about? Latest unemployment numbers were among the lowest in about 20 years. We can not possibly be in a recession if the economy is growing at 2-3% per year. Even the retail sales for January were revised upward and for February declined only a little bit. Yes, the stock market has fallen significantly. Yes, we have plenty of excess inventories. But it does not imply in any way that we are in a recession. There is no economic need for Fed to lower interest rated right now. The only reason I think they might do it is to bail out degenerate gamblers that bought CSCO at 60, YHOO at 100 and AMZN at 75. Stock market is not the only market out there. In fact, bonds and commodities are doing fine. The only sector getting hit hard is anything connected with technology. But it is healthy because now everything is trading where it should be trading and the stock market is where it should had been a year and a half ago.------------------Quitters never win and winners never quit! Quote Link to comment Share on other sites More sharing options...
mel-o-d Posted March 13 Report Share Posted March 13 Originally posted by petp: wanna bet?What's the bet? 2 rounds of drinks? Quote Link to comment Share on other sites More sharing options...
petp Posted March 13 Report Share Posted March 13 agreed. if fed cuts by 50, i owe you and pfloyd a drink. Quote Link to comment Share on other sites More sharing options...
PinkFloyd40 Posted March 14 Report Share Posted March 14 Originally posted by petp: wanna bet?yes------------------"People demand freedom of speech as a compensation for the freedom of thought which they never use" -Soren Kierkegaard"People who know little are usually great talkers, while men who know much say little." -Rousseau"One must learn to be a sponge if one wants to be loved by hearts that overflow." -Frederich Neitzsche 2-Brandie&Rob-11 Quote Link to comment Share on other sites More sharing options...
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