The Mudcat Café TM
Thread #102499   Message #2162820
Posted By: GUEST,Mark Calendar
03-Oct-07 - 01:03 PM
Thread Name: BS: Crash of U.S. Economy
Subject: RE: BS: Crash of U.S. Economy
The Dow Jones...isn't that number derived from a handful of chosen stocks? And if a stock isn't a good performer, isn't it dropped from the Industrial average? A misleading and archaic measuring system. Even the name is prehistoric. "Industrial" average. What industry?

And what did you expect when the economy crashed...a big Hollywood bang ? The media says the Canadian dollar has reached parity with the U.S. dollar. That's mis-reporting by the media. The truth is, the U.S. dollar has FALLEN to a position of parity with the Canadian dollar. U.S. dollars are just worth less than they used to be.

The economy is collapsing. We'll only see the big bang if there's a rush to sell off dollar holdings by the big holders. I expecti that'll happen someday, when Halliburton is the only stock represented in the Dow Jones and the "market" has climbed to 10,000,000,000,000,000,000,000. Everyone will be shopping at Goodwill on their way to the soup kitchens, but feeling good because the "market's" in good shape. Then China will sell off its dollars and even the soup kitchens will have to shut down.