How Low Can It Go?

[saden1]

This information is not new to me but I wonder what would happen to the DOW if we let companies go out of business instead of bailing them out.

[CRedskinsRule]

Originally Posted by saden1

This information is not new to me but I wonder what would happen to the DOW if we let companies go out of business instead of bailing them out.

Just like how many licks it takes to get to the center of a tootsie roll tootsie pop - The world may never know

[saden1]

Originally Posted by CRedskinsRule

Just like how many licks it takes to get to the center of a tootsie roll tootsie pop - The world may never know

That was a rhetorical question, we actually do.

Construction companies eliminated 104,000 jobs. Factories axed 168,000. Retailers cut nearly 40,000. Professional and business services got rid of 180,000, with 78,000 jobs lost at temporary-help agencies. Financial companies reduced payrolls by 44,000. Leisure and hospitality firms chopped 33,000 positions.

An economy built on consumption cannot withstand for long high unemployment. Once an economy collapses there is no quick fix, it takes years to start a successful business to re-employ the unemployment. Of course that all depends on investor confidence and the credit market, no one likes losing money and no one can start a successful business without being able to borrow.


The economy is organic, it can sustain damage, it can heal by itself, but I suspect applying an ointment, even if it's a placebo, is better than going all natural.

[CRedskinsRule]

Originally Posted by saden1

That was a rhetorical question, we actually do.



An economy built on consumption cannot withstand for long high unemployment. Once an economy collapses there is no quick fix, it takes years to start a successful business to re-employ the unemployment. Of course that all depends on investor confidence and the credit market, no one likes losing money and no one can start a successful business without being able to borrow.


The economy is organic, it can sustain damage, it can heal by itself, but I suspect applying an ointment, even if it's a placebo, is better than going all natural.

and mine was an answer in jest from a long lost commercial reference.

[saden1]

Originally Posted by CRedskinsRule

and mine was an answer in jest from a long lost commercial reference.

We're even.

[CRedskinsRule]

Originally Posted by saden1

We're even.

BUT I wanna win!!!!!