Re: Dow Death Watch
 

[quote=saden1;699105]Germany is a socialist country with lots of social programs, I wonder why they haven't gone under. The Greek problem is two folds, decline in world wide shipping and tourism due to United States sub-prime crisis, and [URL="http://www.businessinsider.com/henry-blodget-greece-paid-goldman-300-million-to-help-it-hide-its-ballooning-debts-2010-2"]fraud[/URL] on the part of the Greek government with the help of Goldman Sachs to mask their real debt.[/quote]

The German economy isn't a great one to compare with, it's a force and can support a hefty government budget because it derives so much of its GDP from exports. It's a central and critical transportation hub for traveling throughout Europe. And its citizens are highly educated and specialized, something Greece and Canada don't quite match up against.

You're right about Greece's problems and how they got into the mess to begin with. But their government's spending was unsustainable given their economy. The broader economic crisis did kill their shipping and tourism industries, which represent such a large chunk of what they need. While Germany has been able to weather the storm because of the mere size and diversity of their economy, Greece got crushed, and couldn't sustain a government of that size.

In the case of the United States, we're running a bigger deficit (as a % of GDP) than Germany is. We're not at the Greek level by any means, but nations can't continue heading down that road, or the piper ends up getting paid a lot more later than it would take to pay him off today.

Re: Dow Death Watch
 

[quote=SmootSmack;699118]Firstdown? Paging Firstdown[/quote]

Yes FD can crash the stockmarket with just a click of his key board. Lets see we start talking about drilling for oil and we have a disaster and now they are talking finance reform and we have this. The thing in time square was just a diversion so we would not tie the two things together.

Re: Dow Death Watch
 

were you on the Warren commission?

Re: Dow Death Watch
 

Market surging back today thanks to the European Union's decision to back the Greece package. Hope nobody sold last week during the swings.

Re: Dow Death Watch
 

sorry fellas but im really hoping the stock market tanks for awhile so i can build up some savings then jump back in when stocks are at a low value and ripe for the picking.

Re: Dow Death Watch
 

[quote=over the mountain;699892]sorry fellas but im really hoping the stock market tanks for awhile so i can build up some savings then jump back in when stocks are at a low value and ripe for the picking.[/quote]

Easier said than done. Hope you know what you're doing.

Re: Dow Death Watch
 

im gonna pump money back into my 401k, probably stay drunk for a few years and hope years from now when i check my 401k balance it says something like "you rich!"

Re: Dow Death Watch
 

[quote=over the mountain;699930]im gonna pump money back into my 401k, probably stay drunk for a few years and hope years from now when i check my 401k balance it says something like "you rich!"[/quote]

You'd make an excellent politician.