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Stock_Surfer

02/20/09 9:08 AM

#19743 RE: nyjfan #19742

the sky is falling the sky is falling...lmfao
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waggett

02/20/09 9:14 AM

#19744 RE: nyjfan #19742

I suspect that the really smart people know the bottom is going to fall out and there isn't anything we can do about it. Wall Street had a housing orgy and, with the blessing of our Government, threw the rule book out the window. Now that the bubble has finally burst the Government is trying to stop the price corrections that are demanded by the nature of our free market system, and unfortunately in typical fashion their solution is to throw all of our children's money at the problem and hope it goes away.

This problem came about because we created and spent money that didn't exist, essentially naked shorting the United States. Now that we have to cover the short we're doing it by creating and spending more money that doesn't exist. Eventually the Asian markets will get tired of this and stop buying our debt, and that my friends is when the teetering merry-go-round we're riding will finally grind to a halt and the depression will begin.
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Matt Dillon

02/20/09 9:21 AM

#19746 RE: nyjfan #19742

California as said prior had very little reserve funds for their pension and health care plans. What is even worse is the medical for retirees on top of this. I can show you status sheets from 2006-2007 of all states regarding pension plans ans saved money for that, saved funds for state workers along with health care benefits to be owed.

Some have seen my posts prior....

North Carolina
Georgia
Florida

...are the best states to retire from simply because they were able to keep and build their obligations and future considerations instead of diping into every year until they can no longer pay.


I can check the backgroud of these states but believe Tenneesse or Kentucky is in the worse shape of all them.