# 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:** 4
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 24, 2008, 8:12am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/61 "2008-01-24T08:12:44Z")
> [@The Bimmer is donezo, and I want to cry. (Pics PG. 5)](https://forums.speedlife.net/t/the-bimmer-is-donezo-and-i-want-to-cry-pics-pg-5/34544/11): > > Absolutely true. Variable rate? lawl. j/k. I did a 5 yr arm when I bought my house. It is a good plan for people buying starter homes and have plans of moving soon to upgrade. I know within two years or so I will want/need a bigger house once I start a family…so in my case it was smart to do and I saved a ton of $$ doing so. ---
**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 24, 2008, 8:19am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/62 "2008-01-24T08:19:32Z")
> [@The Bimmer is donezo, and I want to cry. (Pics PG. 5)](https://forums.speedlife.net/t/the-bimmer-is-donezo-and-i-want-to-cry-pics-pg-5/34544/13): > > I don’t think America has the balls to put a good candidate in office. Sadly I agree. The last one got his head blown off. > [@The Bimmer is donezo, and I want to cry. (Pics PG. 5)](https://forums.speedlife.net/t/the-bimmer-is-donezo-and-i-want-to-cry-pics-pg-5/34544/13): > > I told you what got Bush into office, people like me supporting him, because he was my best choice, that had a chance of winning. 51% to 48% is not that big of a gap. Had you and others like you gone the other way, Kerry/Edwards could be in control right now. (prob Edwards more so lol) > [@NYSpeed BBQ Cruise](https://forums.speedlife.net/t/nyspeed-bbq-cruise/34510/25): > > because he’s going to un-fuck all of the things that have been fucked over the last 50 years. :dunno: I dunno about that, we need to check ourselves first. > [@NYSpeed BBQ Cruise](https://forums.speedlife.net/t/nyspeed-bbq-cruise/34510/26): > > not saying this is the way it should be but…IMO you have to vote against the guy you don’t want over voting for the guy you do want. This is implied. ---
**Author:** ![kilmer420](https://avatars.discourse-cdn.com/v4/letter/k/d6d6ee/32.png) [@kilmer420](https://forums.speedlife.net/u/kilmer420)\ **Post date:** [January 24, 2008, 8:50am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/63 "2008-01-24T08:50:21Z")
OMG, the market fell one day, sell everything…then the next day what happens… :LOL: By Neil Irwin and Frank Ahrens Washington Post Staff Writers Thursday, January 24, 2008; Page A01 The stock market soared yesterday afternoon, capping a remarkably volatile day, as new efforts by key players in the U.S. financial system aim to raise enough cash to guard against some of the fallout of the credit crisis. The Dow Jones industrial average was down 326 points at lunchtime, then finished the day up 299 points, a 5.4 percent swing. For the day, the Dow rose 2.5 percent. Analysts attributed the turnabout to news that regulators are persuading banks to plow money into bond insurance companies, a crucial and troubled part of the world financial infrastructure. Bank of America said it will raise $6 billion, which would help it continue lending even after massive losses from loans tied to mortgages. ---
**Author:** ![Quik83Z](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/quik83z/32/6042_2.png) [@Quik83Z](https://forums.speedlife.net/u/Quik83Z)\ **Post date:** [January 24, 2008, 8:51am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/64 "2008-01-24T08:51:51Z")
> [@NYSpeed BBQ Cruise](https://forums.speedlife.net/t/nyspeed-bbq-cruise/34510/15): > > The confluence of the subprime market with the horrible inflation we’re suffering and the tremendous national debt we have is making a “Perfect Storm” of economic shittyness. 1. The cause of all the recent inflation can be traced down to one source: OIL PRICES 2. The whole “collapse of the subprime market thing” was Congress’s fault from the beginning. 3. The tremendous national debt is Bush’s doing for the most part, spending our money like a drunken sailor. However, you forgot the main reason for the recent crashing: Investors are so fucking afraid of a Democratic takeover of Congress & The Presidency because of the devistation that would be done to our economy, that they are getting out of the market in droves causing a gigantic sell-down. This whole mess can be summed up in one statement: We currently have NO leadership whatsoever in this country and none on the horizon…:crying: ---
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [January 24, 2008, 9:26am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/65 "2008-01-24T09:26:23Z")
> [@Boxing, anyone?](https://forums.speedlife.net/t/boxing-anyone/34546/5): > > 1. The cause of all the recent inflation can be traced down to one source: OIL PRICES You make some decent points but this one is a major overstatement. I think printing money out of thin air might be a pretty important contributor. ---
**Author:** ![imported\_showtime](https://avatars.discourse-cdn.com/v4/letter/i/51bf81/32.png) [@imported\_showtime](https://forums.speedlife.net/u/imported_showtime)\ **Post date:** [January 24, 2008, 9:27am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/66 "2008-01-24T09:27:55Z")
> [@C5 Hardend output shafts](https://forums.speedlife.net/t/c5-hardend-output-shafts/30696/3): > > You make some decent points but this one is a major overstatement. I think printing money out of thin air might be a pretty important contributor. yeah i think the price has to do with both the falling value of the dollar and the “actual” cost going up. ---
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [January 24, 2008, 9:31am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/67 "2008-01-24T09:31:15Z")
> [@Police Package Crown Vic FS/FT](https://forums.speedlife.net/t/police-package-crown-vic-fs-ft/33857/16): > > 51% to 48% is not that big of a gap. Had you and others like you gone the other way, Kerry/Edwards could be in control right now. (prob Edwards more so lol) Right, but my point was this… While you were supporting Kerry, and I was supporting Bush, we were ignoring other possibilities. And while we’re here, let’s compare Bush and Kerry… Yale grads…check Skull and bones members…check From wealthy and influential families…check They weren’t really all that different, but all this Dem/Repub, Liberal/Conservative nonsense had us fighting amongst ourselves over which one was better. When we all look past the labels and the polls, it’s easy to see the truth. It seems that Americans prefer the media induced alternate reality to the truth. ---
**Author:** ![imported\_showtime](https://avatars.discourse-cdn.com/v4/letter/i/51bf81/32.png) [@imported\_showtime](https://forums.speedlife.net/u/imported_showtime)\ **Post date:** [January 24, 2008, 9:36am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/68 "2008-01-24T09:36:12Z")
> [@C5 Hardend output shafts](https://forums.speedlife.net/t/c5-hardend-output-shafts/30696/4): > > While you were supporting Kerry, and I was supporting Bush & look where you helped get us…thanks:ugh: hind sight is always 20/20 ---
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 24, 2008, 9:39am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/69 "2008-01-24T09:39:10Z")
Market finished strong yesterday and is still climbing today…back up to 12,300 now. ---
**Author:** ![BlkP42E](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blkp42e/32/5938_2.png) [@BlkP42E](https://forums.speedlife.net/u/BlkP42E)\ **Post date:** [January 24, 2008, 9:39am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/70 "2008-01-24T09:39:19Z")
> [@The Bimmer is donezo, and I want to cry. (Pics PG. 5)](https://forums.speedlife.net/t/the-bimmer-is-donezo-and-i-want-to-cry-pics-pg-5/34544/6): > > Yup. You can see around here there are a lot of furniture stores closing because people don’t feel it is a necessity. I really think it will only get worse with retail. Sure we may buy when our tax checks come, but that is only for a short time. Look at how many homes are on the market. if I had 20% to put down I would totally buy right now! we’re in the process of restructuring ours from a 30 year loan to just a 15 year because of the dropping rates this week… going from a 6.375% 30 year to a 5.1% 15 year! going to save a shitload over the 30 year ---
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 24, 2008, 9:40am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/71 "2008-01-24T09:40:17Z")
> [@Yeah .. So i got a new job](https://forums.speedlife.net/t/yeah-so-i-got-a-new-job/34542/16): > > we’re in the process of restructuring ours from a 30 year loan to just a 15 year because of the dropping rates this week… > > going from a 6.375% 30 year to a 5.1% 15 year! > > going to save a shitload over the 30 year awesome…if you can afford the higher payment you will save a ton in the long run. ---
**Author:** ![BlkP42E](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blkp42e/32/5938_2.png) [@BlkP42E](https://forums.speedlife.net/u/BlkP42E)\ **Post date:** [January 24, 2008, 9:41am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/72 "2008-01-24T09:41:29Z")
> [@The Bimmer is donezo, and I want to cry. (Pics PG. 5)](https://forums.speedlife.net/t/the-bimmer-is-donezo-and-i-want-to-cry-pics-pg-5/34544/25): > > awesome…if you can afford the higher payment you will save a ton in the long run. it’s only $90 a month over what our current mortgage is to drop 15 years. ---
**Author:** ![imported\_showtime](https://avatars.discourse-cdn.com/v4/letter/i/51bf81/32.png) [@imported\_showtime](https://forums.speedlife.net/u/imported_showtime)\ **Post date:** [January 24, 2008, 9:43am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/73 "2008-01-24T09:43:43Z")
> [@FS: Snap-ON toolbox.........cheap](https://forums.speedlife.net/t/fs-snap-on-toolbox-cheap/34543/4): > > it’s only $90 a month over what our current mortgage is to drop 15 years. WOW…very nice, you will def. make out! we are re-doing ours in the next few weeks. ---
**Author:** ![bics56](https://avatars.discourse-cdn.com/v4/letter/b/47e85d/32.png) [@bics56](https://forums.speedlife.net/u/bics56)\ **Post date:** [January 24, 2008, 9:44am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/74 "2008-01-24T09:44:23Z")
> [@FS: Snap-ON toolbox.........cheap](https://forums.speedlife.net/t/fs-snap-on-toolbox-cheap/34543/4): > > it’s only $90 a month over what our current mortgage is to drop 15 years. humm…I am @ like 4.5 now with a 5yr ARM. Don’t plan on moving for another couple of years…so I bet by the time I move rates will be back up by then. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 24, 2008, 9:57am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/75 "2008-01-24T09:57:55Z")
I’m so glad I dont have any money invested in this shitstorm. and 🤣 @ everyone citing this bounceback. it’s not natural. the market is being manipulated. When weak markets get propped up by governments, you start to build a bubble. Eventually, that bubble will burst. The Fed slapped a band-aid on the hole in the bubble, but that just means its gonna get bigger. it will still eventually burst. When it does, you better watch the fuck out. ---
**Author:** ![imported\_showtime](https://avatars.discourse-cdn.com/v4/letter/i/51bf81/32.png) [@imported\_showtime](https://forums.speedlife.net/u/imported_showtime)\ **Post date:** [January 24, 2008, 10:34am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/76 "2008-01-24T10:34:21Z")
> [@New Accord 08 Coupe - Real Life Pics](https://forums.speedlife.net/t/new-accord-08-coupe-real-life-pics/22746/39): > > I’m so glad I dont have any money invested in this shitstorm. and 🤣 @ everyone citing this bounceback. it’s not natural. the market is being manipulated. When weak markets get propped up by governments, you start to build a bubble. Eventually, that bubble will burst. The Fed slapped a band-aid on the hole in the bubble, but that just means its gonna get bigger. it will still eventually burst. When it does, you better watch the fuck out. def. a short term stimulus…i think they are trying to hold on for 11 more months so they can dump the problem on the next administration. ---
**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\ **Post date:** [January 24, 2008, 10:47am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/77 "2008-01-24T10:47:38Z")
> [@Define Irony](https://forums.speedlife.net/t/define-irony/34535/10): > > def. a short term stimulus…i think they are trying to hold on for 11 more months so they can dump the problem on the next administration. it certainly seems that way. of course, they’re only making it much worse in the long run. It’s like a heroin addiction… Ohhhh yeeeahhhhhh Fed… yeah gimme another hit of that sweet black tar interest rate cuts… C’mon… just one more cut. Of course, you will eventually hit rock bottom, and quitting that shit cold turkey is going to be a real bitch. ---
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [January 24, 2008, 11:18am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/78 "2008-01-24T11:18:39Z")
> [@Define Irony](https://forums.speedlife.net/t/define-irony/34535/10): > > def. a short term stimulus…i think they are trying to hold on for 11 more months so they can dump the problem on the next administration. I doubt it will last 11 months, but time will tell. ---
**Author:** ![Bravada\_442](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bravada_442/32/5982_2.png) [@Bravada\_442](https://forums.speedlife.net/u/Bravada_442)\ **Post date:** [January 24, 2008, 11:53am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/79 "2008-01-24T11:53:31Z")
> [@Yeah .. So i got a new job](https://forums.speedlife.net/t/yeah-so-i-got-a-new-job/34542/3): > > darkstar comparing this downturn to the great depression is absurd, young people, its the time to buy up Listen, you let those of us with interesting and fact-based thoughts discuss and you go back to hanging drywall. kthxbye ---
**Author:** ![kilmer420](https://avatars.discourse-cdn.com/v4/letter/k/d6d6ee/32.png) [@kilmer420](https://forums.speedlife.net/u/kilmer420)\ **Post date:** [January 24, 2008, 11:55am UTC](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987/80 "2008-01-24T11:55:05Z")
> [@1994 lt1 vett overheating issue](https://forums.speedlife.net/t/1994-lt1-vett-overheating-issue/34522/22): > > it certainly seems that way. of course, they’re only making it much worse in the long run. It’s like a heroin addiction… Ohhhh yeeeahhhhhh Fed… yeah gimme another hit of that sweet black tar interest rate cuts… C’mon… just one more cut. > > Of course, you will eventually hit rock bottom, and quitting that shit cold turkey is going to be a real bitch. I agree with you, but our economy is so influential to the world and to many growing economies (i.e. China) they will continue to lend us money to stimulate our bubbled/borrowed economy. Hopefully, whoever is elected next as president will be much more fiscally conservative and by pulling troops out of Iraq, it will end up saving us not only lives, but money also. [Previous page](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987.md?page=3) [Next page](https://forums.speedlife.net/t/anyone-paying-attention-to-the-economy-going-down-the-fucking-shitter/194987.md?page=5)