by keithold is a prodigal bagger on October 27th, 2009

keithold is a prodigal bagger

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Should we take financial commentary with a grain of salt?

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  • by laser on October 28th, 2009

    laser

    Depends on who the speaker is.

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  • by strange1 still in pb on October 28th, 2009

    strange1 still in pb

    its all propadanda to give people a false sense of security so people will spend more and not be paranoid

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  • by PrivateGomerSpooner on October 28th, 2009

    PrivateGomerSpooner

    That's a very big grain of salt.

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  • by Thriftymaid on October 28th, 2009

    Thriftymaid

    Listen to several different analyst

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  • by Stevie on October 28th, 2009

    Stevie

    Absolutely. The entire financial system has gotten so complex that it's impossible for anyone to understand fully. Take into consideration that rich people are usually the ones to determine whether or not a stock goes up or down and there really is no way to accurately assess or predict what will happen. Unless of course you share my viewpoint which is that it's impossible for us as a nation to get out of debt. When money is created at a cost of the amount created + interest, it becomes impossible to ever pay back the amount owed. Therefore, it leaves us, and every other nation that allowed themselves to be put into debt through world organizations such as the IMF, in a perpetual state of indentured servitude. It's no longer nations that become empires, but wealthy individuals. So my viewpoint is to assume that only bad things will come out of the financial system and therefore also the commentary. +3

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  • by 34th st. on October 28th, 2009

    34th st.

    How about with a hit of pepper?

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