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It seems to be a vicious cycle. The economy goes bad and people get laid off. Bills pile up, credit scores take a hit and you are trying to find work. But businesses won't hire because of either the economy, your credit score or both. And all of this leads back to Wall Street and the Federal Government.
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@Hendo1974 i agree. we ARE in a depression. and no one realizes it.
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How about the introduction of the internet & day-trading to market? It was commonplace by the mid 90's which is when the market really took off. So now you've got your average Joe and professional day-traders adding money and perceived value to the market. You're also starting to see some major volatility; easy access, up-to-the-second market news with a common voice of fear / optimism amplification & the emergence of common trading strategy.
Did shareholders give the market one big bad loan?
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I am shocked that CBS actually aired something that blamed the government and government enabled & favored businessmen! Holy cow, there is hope. Peter Schiff & Ron Paul have been talking about this for the last few years. WATCH "Peter Schiff was right" on YouTube.
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?????// NO BUSH..........IDIOTS
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6.2% annual rate...
Oh! Fucking YES, IT CAN GET WORSE, MUCH WORSE! This is not a recession or a deep recession but actually a DEPRESSION!The average joe doen't realise it yet but will in 2 years time!
Hendo1974 2 years ago 3
Most countries are fucked uo one way or another. The only thing we can do is blame all parties involved instead of blaming Obama in every single article or video. Before you blame know who did what and why. If youwant to see an example of idiotic hate go to any Yahoo article about the economy or foreign affair.
Rickymexmex 1 year ago