Panic !

[tay]

There will be a bit of a rally on the world stockmarkets and then a bigger plunge when everyone realises that the credit fuelled boom of the last few years has to be paid back.

Expect even bigger cuts later this year and even bigger falls.

Sell everything, buy gold and build a nuclear style bunker until it's all over.

Valid enough approach but personally I will keep my property and just keep reminding mysef that they are long term investments. As long as you can afford to pay your mortgages you should keep them imo.

 

[rootsnall]

Massive. But only postponing the inevitable. Mind you Ben Bernanke said he would throw money out of helicopters if things got really bad.

Obviously only a shamateur economist viewpoint but I don't think there is any postponing this time, they've done that a couple of times and dug a bigger hole. The uber doomster scenario is playing out, the next stage is the dollar collapsing and hyper inflation and an almighty mess to follow.

 

[DimPrawn]

Cool, barrow loads of £'s and $'s to buy a loaf of bread.

At least our houses can only go up in value.

 

[Churchill]

We've just bought back a million shares for cancellation. That added to the half-million we bought back last week...

 

[BrilloPad]

Massive. But only postponing the inevitable. Mind you Ben Bernanke said he would throw money out of helicopters if things got really bad.

And I believe he will. And that the crisis will be averted for now.

But we will get to the Japan stage of zero interest rates and nothing happening.

That is when the disparity between rich and poor will hit home and depression will ensue.

I reckon 3 years will do it.

 

[DimPrawn]

And I believe he will. And that the crisis will be averted for now.

But we will get to the Japan stage of zero interest rates and nothing happening.

That is when the disparity between rich and poor will hit home and depression will ensue.

I reckon 3 years will do it.

I'd hate to see CUK regulars depressed.

 

[Bear]

The markets bounced after the announcement - but they're heading down fast again already

 

[DiscoStu]

I'm taking the benes plan B option.

My tractor's on order, I've put a deposit down on some potato fields and the flight to the Czech Republic is booked...

 

[Moscow Mule]

Be interesting if Darling followed suit....

Indeed, as he'd have to overturn some significant legislation if he wanted to do so...

 

[Nicky G]

Before the Russian and Chinese criminals destroy the United States there will be a worldwide economic collapse. We have already seen the first signs.

You will see the stock market crash more than it did during the deep depression.
Stephen Hanson

You stand on the verge of the greatest destruction of the economy of this earth. …When the great crash (in America) occurs, it (the World Economy) shall come down. You stand on the verge of the greatest economic collapse in the history of mankind.
Thomas Gibson

I saw the Stock Market soar and then crash. After the [first] crash, many big business corporations and private parties bought up stocks because of the low cost to buy in. Then I saw the market begin to climb again in a short period of time. Then it crashed again bringing tremendous loss, ruin, and devastation to all who bought in the first time. This is what I have labeled "Two Black Mondays." The time period between the Two Black Mondays was very close together. I could not tell exactly how close. It could be a couple of days to a couple of months. There are some tell-tale signs indicating the season and the setting. *I saw the season to be when 'the leaves fall to the ground' then the first crash would occur. *I also saw the Yen fall dramatically just before this sudden and inexplicable crash.
Harold Eatmon

There will shortly come a time when Wall Street will collapse. No longer shored up by public confidence, it will swagger under the weight of national debt. On a day of frenzied trading, it shall tumble the nation into turmoil and depression. The attention of the creditor nations will be drawn to America. I saw a time of conferences and meetings, international concern and intervention by prominent international organizations in domestic economics and affairs. For the first time in US history, international organizations will intervene in domestic affairs. I saw international troops on US soil. A national economic crisis, and localized crises will be announced, and utilizing certain powers, the US President will call FEMA (Federal Emergency Management Agency) into action. You will see Black Helicopters on television and this will be a sign. When she (America) is weakest, a set of disasters will befall the nation.
Robert Holmes

The great holocaust follows an economic collapse in America. The enemy will make its move when we are weak and helpless. …America is going to be destroyed by fire! Sudden destruction is coming and few will escape. Unexpectedly, and in one hour, a hydrogen holocaust will engulf America -- and this nation will be no more.
David Wilkerson

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