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  1. 08-05-2011, 03:33 AM #1
    Dutchie
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    Default Worldwide financial market free fall yesterday

    This is the top of all our news bulletins this morning as well as on the BBC.

    Don't know if you heard about this but it was on our evening news - on top of Spain and Italy possibly needing a bailout, Cyprus will not be far behind since things are just as bad there.

    Where will this all end?
    According to the BBC a lot today will depend on the numbers coming out of the US regarding the new jobs created in July.

    What are your thoughts?
    *Avril*



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  2. 08-05-2011, 07:34 AM #2
    Lora88
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    My Dad always used to tell me watch what happens in Europe the US is not far behind when things went bad back in 1929 Europe was already in trouble we all know what happened in the Us I pray he was wrong but I am for the first time in my life truley scared of the future I wish I had the answers
    Married to DH Manny 22 years


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  3. 08-05-2011, 09:48 AM #3
    imagine
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    Thursday the stocks did have a big tumble and yes the news reports Thursday evening said basically the same things as yours

    News this AM stocks rebound on news of July jobs report


    Stocks rebound on July jobs report- MSN Money
    "Everyday as your walking down the street, everybody that you met has an original point of view" -Arthur PBS

    Imagine - Wife of 18 years to Hubby
    Mom to Buddy (son 15) and Little Miss ( daughter 11)
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  4. 08-05-2011, 11:16 AM #4
    pollypurebred39
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    This morning's news said that the one of the reasons that the stocks took such a dip was because the job growth did not even cover population growth, let alone make a dent in unemployment numbers. That said, it did better than they expected.

    What's that mean? According to the news, it meant that until we see some serious job growth we are going to be having some major struggles.


    If you can't even break even on jobs for expanded population, let alone unemployment numbers, well....we've still got a long road here. We also need to take into account that the unemployment numbers mean little if you are counting part time, low paying jobs as a replacement for full time, higher paying positions. Which is a lot of what we are seeing out my way. Men and woman who used to wear suits to work, carry hammers, and field customer service calls have learned a new phrase that they say every single day.

    Would you like fries with that?
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    "Whoever said you can't buy happiness forgot about little puppies." -- Gene Hill

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    ‎"God has the right, and does not require my permission, to rearrange my life to achieve His purposes."– Anonymous

    Live in harmony with each other. Don't be too proud to enjoy the company of ordinary people. And don't think you know it all!

    ~ Romans 12:16, NLT

    The art of being wise is knowing what to overlook.
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  5. 08-05-2011, 01:20 PM #5
    frugalfranny
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    Default

    Quote Originally Posted by Dutchie View Post
    What are your thoughts?

    Going to be a really rough road for quite awhile!!!

    It is really scary..............worldwide!!
    Travel light. The baggage of the past can only hold you back.

    January Book List
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  6. 08-05-2011, 06:41 PM #6
    shoiji
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    Yup, it was on the news this morning. They were stating how other countries economies were different. That the US economy is driven by 70% consumerism. Just seems like a really long and bumpy road right now for everyone.
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  7. 08-05-2011, 06:53 PM #7
    Imarachne
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    I just wish the markets had faith in our leadership--but I don't !! I'm saving and saving. I'm 70 years old and I've got to look out for myself.
    Charity Items 3


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  8. 08-05-2011, 08:03 PM #8
    Luv2BeFrugal
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    I (sadly) think it's going to get a lot worse before it gets better... I've shifted back into stockpiling...and we're working on paying down debts pretty steadily, too.
    Kace - married to Dh 12 years

    Love to

    Full-time homemaker, part-time worker, college student. Always pinchin' pennies!
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  9. 08-05-2011, 08:32 PM #9
    Nishu
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    I know! I've been watching the news and apparently JLo is getting a divorce. I'm not surprised that the markets reacted the way they did. I was kind of shaken myself, I really expected those two to make it.
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
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  10. 08-05-2011, 08:55 PM #10
    Nishu
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    We just got downgraded by S&P. I'm literally sick to my stomach over this.

    My country has been hijacked and we are all tools.
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
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  11. 08-05-2011, 09:10 PM #11
    brenda67
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    Quote Originally Posted by Nishu View Post
    We just got downgraded by S&P. I'm literally sick to my stomach over this.

    My country has been hijacked and we are all tools.


    Yup..I just read that too!
    Wife to Keith
    Mom of 3 boys
    Brandon
    Kody
    Dustin
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  12. 08-05-2011, 09:15 PM #12
    MRAHoffman
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    Default :(...

    Got to REALLY get things in gear...I'm cutting everything to the bone...
    Rhonda

    Mother to 10 yo Tony

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    ......
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  13. 08-05-2011, 09:24 PM #13
    brenda67
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    Quote Originally Posted by Nishu View Post
    We just got downgraded by S&P. I'm literally sick to my stomach over this.

    My country has been hijacked and we are all tools.


    Yup..I just read that too!
    Wife to Keith
    Mom of 3 boys
    Brandon
    Kody
    Dustin
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  14. 08-05-2011, 09:27 PM #14
    brenda67
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    Like I mentioned in another thread start your prepping asap..
    Wife to Keith
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  15. 08-05-2011, 09:50 PM #15
    imagine
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    We were down graded from a AAA rating to a AA+ rating. We went from extremelyStrong capacity to meet financial commitments to very strongly capacity to meet financial commitments.
    "Everyday as your walking down the street, everybody that you met has an original point of view" -Arthur PBS

    Imagine - Wife of 18 years to Hubby
    Mom to Buddy (son 15) and Little Miss ( daughter 11)
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