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Re: ~MulaGreen~ post# 141126

Friday, 08/05/2011 11:29:19 AM

Friday, August 05, 2011 11:29:19 AM

Post# of 660232
US economy is weak....people are still not over loosing their half or more of their 401k 3 years ago, jobs are not being created, we are not creating any products to sell to other countries, houses are not being built, we are still promoting outsourcing to other countries, unemployment is running out for many, and to top it all off...our financial situation and several other countries finances are almost close to bursting the "bubble"

My wife works at a major bank, they sent an email a week ago to all employees explaining what the process was if the government did not come to an agreement about the debt situation and how to handle clients that wanted to withdraw all their money...this is only one of several emails they have received this year concerning the actions of the government and how it will affect the bank and clients. These emails are coming weekly on how to handle clients in a major situation. They are sending these emails because one of these times something is going to happen where the employees are going to have to be prepared.

Not trying to be a pessimist, but the reality is we are on the edge right now...much more so than in 2008 imo. A big drop in the markets would put us right back into the same situation or worse than 2008. Panic selling starts again and we are in trouble.

"I'm just a kid with adult responsibilities"

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