i hope they are wrong: united panic

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	i hope they are wrong: united panic

doodleicious

10-25-2008 10:24 PM

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tags:

economy

doodleicious says:

i know a lot of people who think it is all just peachy grrovey and it is business as usual now- the worst is all over- silly people......i am thinking more along these lines-

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ea6240b8-2ff6-4172-a77f-9218106d48d4/655A9752-2FC3-4A5C-AF20-91A17B0FFE1D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html" href="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html" style="font-size: 11px;">www.boingboing.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><H3>I hope they are wrong: United Panic</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><P>The public is starting to discover the seriousness of the state and local fiscal position, but the magnitude and fallout of the developing nonfederal government crisis will prove shocking.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><P>Many fear that the present financial mess is setting the stage for surging Treasury yields, and most will be surprised by how low yields will fall. . . .</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><P>House prices will probably fall another 20%. . . .</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><P>The emerging market sector of the global economy is facing more than a financial crisis; it is facing a depression, which unfortunately is likely to be uncontained and severe in many countries. . . .</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boingboing.net/2008/10/24/i-hope-they-are-wron.html"><P>Even if the recession does end before 2010, employment will continue to decline. It is likely to fall for another year or two as downsizing and restructuring persist. The unemployment rate is likely to reach 8.5% by the end of 2009 and will be near 10% before it reverses.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/655A9752-2FC3-4A5C-AF20-91A17B0FFE1D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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