# anyone paying attention to the economy going down the fucking shitter? **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [January 23, 2008, 6:11am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987 "2008-01-23T06:11:51Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 6:11am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/1 "2008-01-23T06:11:51Z")
The Fed cut interest rates yesterday by 3/4th of a percent in an emergency session. They usually only cut rates by 1/4 percent, and it’s a big deal if they do that. We’re in big trouble. Here’s a neat video if you’ve got a few minutes. ---
**Author:** ![dyingwish](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dyingwish/32/6041_2.png) [@dyingwish](https://forums.speedlife.net/u/dyingwish)\ **Post date:** [January 23, 2008, 6:34am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/2 "2008-01-23T06:34:21Z")
The Dow took a major hit yesterday morning (within 5 minutes of trading being open it fell almost 500 points!!) Even with the outrageous cut, traders were actually happy to recover about half of that fall, by the close of session. This is a classis case of “holy shit gentlemen, we gotta scramble”, except with a generous helping of fail on their part. Too little too late and somewhat misguided ---
**Author:** ![starboy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/starboy/32/5985_2.png) [@starboy](https://forums.speedlife.net/u/starboy)\ **Post date:** [January 23, 2008, 6:39am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/3 "2008-01-23T06:39:09Z")
that scares me more then the thread about us all dieing. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 6:47am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/4 "2008-01-23T06:47:10Z")
> [@1994 lt1 vett overheating issue](https://forums.speedlife.net/t/1994-lt1-vett-overheating-issue/34522/11): > > The Dow took a major hit yesterday morning (within 5 minutes of trading being open it fell almost 500 points!!) Even with the outrageous cut, traders were actually happy to recover about half of that fall, by the close of session. This is a classis case of “holy shit gentlemen, we gotta scramble”, except with a generous helping of fail on their part. Too little too late and somewhat misguided my roommate up here is the commodities trader for the natural gas producer I work for. He says that we’re pretty much fucked unless someone does something drastic. He was a big Giuliani supporter until I showed him some shit about Ron Paul. He LOVES his economic policy and is now a supporter. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 6:47am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/5 "2008-01-23T06:47:45Z")
> [@Never consider living here....](https://forums.speedlife.net/t/never-consider-living-here/34519/14): > > that scares me more then the thread about us all dieing. it should. They say this could be far worse than the market crash that started the great depression. ---
**Author:** ![berad](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/berad/32/5953_2.png) [@berad](https://forums.speedlife.net/u/berad)\ **Post date:** [January 23, 2008, 6:49am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/6 "2008-01-23T06:49:31Z")
Good time to buy… ---
**Author:** ![Swarzkopf](https://avatars.discourse-cdn.com/v4/letter/s/7feea3/32.png) [@Swarzkopf](https://forums.speedlife.net/u/Swarzkopf)\ **Post date:** [January 23, 2008, 6:49am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/7 "2008-01-23T06:49:49Z")
Eh…I think history has shown repeatedly that: -In times of recession/depression, Keynesian policies work to recover the economy. -In times of prosperity, fiscal conservatism (and, lower taxes) work to continue the boom. ---
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [January 23, 2008, 6:50am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/8 "2008-01-23T06:50:23Z")
> [@signing up for school..need advice](https://forums.speedlife.net/t/signing-up-for-school-need-advice/34520/6): > > The Fed cut interest rates yesterday by 3/4th of a percent in an emergency session. They usually only cut rates by 1/4 percent, and it’s a big deal if they do that. We’re in big trouble. Here’s a neat video if you’ve got a few minutes. > > [http://www.youtube.com/watch?v=cGNeCARNKuA](http://www.youtube.com/watch?v=cGNeCARNKuA) That first quote is awesome, TJ was so smart. “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 6:53am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/9 "2008-01-23T06:53:29Z")
> [@What would you do? ver. MikeRi24](https://forums.speedlife.net/t/what-would-you-do-ver-mikeri24/34509/31): > > Eh…I think history has shown repeatedly that: > > -In times of recession/depression, Keynesian policies work to recover the economy. > -In times of prosperity, fiscal conservatism (and, lower taxes) work to continue the boom. only problem with that is the government is the one that fucked the economy up this time. :hs: ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 6:55am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/10 "2008-01-23T06:55:01Z")
> [@Since we are on the subject of renting.....](https://forums.speedlife.net/t/since-we-are-on-the-subject-of-renting/34527/3): > > That first quote is awesome, TJ was so smart. > > “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” I like Gerald Ford’s take on it: “A government big enough to give you everything you want is a government big enough to take from you everything you have.” ---
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [January 23, 2008, 6:55am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/11 "2008-01-23T06:55:13Z")
And the Transformers score in the background, haha…I love it. ---
**Author:** ![Jeff95TA](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeff95ta/32/5935_2.png) [@Jeff95TA](https://forums.speedlife.net/u/Jeff95TA)\ **Post date:** [January 23, 2008, 7:05am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/12 "2008-01-23T07:05:45Z")
Looks like a good time to refinance for the 2nd time. That’s my glass-is-half-full view of the situation. My 401k glass is half empty though at the moment. Luckily(?) I’m not retiring anytime soon though, so I can ride it out. ---
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 23, 2008, 7:09am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/13 "2008-01-23T07:09:09Z")
> [@F.S 327ci 450hp](https://forums.speedlife.net/t/f-s-327ci-450hp/34526/5): > > Looks like a good time to refinance for the 2nd time. That’s my glass-is-half-full view of the situation. My 401k glass is half empty though at the moment. Luckily(?) I’m not retiring anytime soon though, so I can ride it out. I agree 100%…hell if you have extra $$ pump it into your 401K or other investments. This is the time to buy. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 7:31am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/14 "2008-01-23T07:31:47Z")
> [@bics56"](#): > > I agree 100%…hell if you have extra $$ pump it into your 401K or other investments. This is the time to buy. um… how would pumping your money into the stock market when it’s on the brink of collapse a wise decision? ---
**Author:** ![starboy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/starboy/32/5985_2.png) [@starboy](https://forums.speedlife.net/u/starboy)\ **Post date:** [January 23, 2008, 7:39am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/15 "2008-01-23T07:39:52Z")
> [@A few of us going to Lancaster Tuesday,](https://forums.speedlife.net/t/a-few-of-us-going-to-lancaster-tuesday/34464/17): > > um… how would pumping your money into the stock market when it’s on the brink of collapse a wise decision? x2 ---
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 23, 2008, 7:41am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/16 "2008-01-23T07:41:20Z")
> [@A few of us going to Lancaster Tuesday,](https://forums.speedlife.net/t/a-few-of-us-going-to-lancaster-tuesday/34464/17): > > um… how would pumping your money into the stock market when it’s on the brink of collapse a wise decision? This is not the end of the world, the market will be fine. Look back when the market was worse in 03 if you would have bought a ton then you would have made a lot of $$ by now. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 7:47am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/17 "2008-01-23T07:47:24Z")
> [@My Big Block S10 / RANT](https://forums.speedlife.net/t/my-big-block-s10-rant/34179/33): > > This is not the end of the world, the market will be fine. Look back when the market was worse in 03 if you would have bought a ton then you would have made a lot of $$ by now. well hopefully it will rebound, but its going to go down a LOT more before it starts to come back up. ---
**Author:** ![77rednecktruck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/77rednecktruck/32/5966_2.png) [@77rednecktruck](https://forums.speedlife.net/u/77rednecktruck)\ **Post date:** [January 23, 2008, 7:48am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/18 "2008-01-23T07:48:19Z")
> [@If you could go back](https://forums.speedlife.net/t/if-you-could-go-back/34471/53): > > well hopefully it will rebound, but its going to go down a LOT more before it starts to come back up. so wait till it just starts to come up and buy a shitload, it’s simple. 🙂 ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 7:50am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/19 "2008-01-23T07:50:58Z")
> [@Since we are on the subject of renting.....](https://forums.speedlife.net/t/since-we-are-on-the-subject-of-renting/34527/6): > > so wait till it just starts to come up and buy a shitload, it’s simple. 🙂 🤣 ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 23, 2008, 7:51am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/20 "2008-01-23T07:51:35Z")
holy shit, the market is taking a nose dive! BUY BUY BUY!!! 🤣 [Next page](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987.md?page=2)