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S&P 500
5,469.30
(
0.39%
)
US TECH 100
19,174.00
(
1.14%
)
Dow Jones
39,112.16
(
-0.76%
)
Brent Oil
84.58
(
0.46%
)
Bitcoin
61,922.74
(
0.19%
)
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Shizoku

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Shizoku

Re: tedwitt post# 503

Wednesday, 01/28/2009 12:18:38 PM

Wednesday, January 28, 2009 12:18:38 PM

Post# of 116863
oil had nothing to do with what happened to the economy. Adjusted for inflation oil is dirt cheap compared to prices of 20 years ago.

Banking and mortgage and housing industry did this to us. They were lending to anyone who was breathing. they went up a dramatic mountain and took the brakes off. When the inevitable happened they had no brakes and went down the other side of the mountain and at the same time gained momentum and took out everyone a long the way.

Shizoku

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