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October, 2024

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Black Tuesday

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IcePointa
Posts: 1879 - Karma: 19
Just getting the thread ready for later. See ya then.
Jan 21 2008 6:42AM
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IcePointa
Posts: 1879 - Karma: 19
4 hours till lift off
Jan 22 2008 4:25AM
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eheath
Posts: 61590 - Karma: 122,949
You're real confident about this...
Jan 22 2008 4:26AM
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IcePointa
Posts: 1879 - Karma: 19
Either we get huge market losses, or a huge rate cut (or both)

rate cut further inflates the credit bubble, postpones the pain, but makes it worse in the long run..

So yea, we're pretty much fucked any way you count em

Jan 22 2008 4:35AM
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Silence
Posts: 16030 - Karma: 150
There have already been huge market losses - a rate cut is really the only viable option..
Jan 22 2008 5:18AM
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Shorton
Posts: 2889 - Karma: 13
yeah, you seem to really want it too happen...mehh..
Jan 22 2008 6:57AM
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Armanzoid
Posts: 2453 - Karma: 26
What makes any of you think a rate cut will magically save all of us? The problem is a lot deeper
Jan 22 2008 8:24AM
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IcePointa
Posts: 1879 - Karma: 19
Emergency rate cut of 3/4 point

AND

DOW futures still down 400 points

Jan 22 2008 8:31AM
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freestyler540
Posts: 13082 - Karma: 18,718
Economists called yesterday black monday.
The US has entered a recession, I hope Canada's economy is strong enough to not enter it.


Jan 22 2008 8:46AM
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jibsworth
Posts: 1554 - Karma: 12
Fed funds target rate cut 75 basis points to 3.5 %

Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent
Jan 22 2008 9:01AM
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jibsworth
Posts: 1554 - Karma: 12
ohh you posted that before
Jan 22 2008 9:02AM
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KRASHED
Posts: 7803 - Karma: 466
shit, big news around here, all of the papers are talking about it.
Jan 22 2008 9:44AM
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KRASHED
Posts: 7803 - Karma: 466
TSX had it's 2nd worst drop in it's history, not good.
Jan 22 2008 9:57AM
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jibsworth
Posts: 1554 - Karma: 12
its up right now, hasn't regained from yesterdays loss though.
Jan 22 2008 12:43PM
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Alexander_Keith
Posts: 3204 - Karma: 25

Either way its Tuesday afternoon, Americas not in flames and the nukes aren't flying yet so contrary to popular belief... *yawn*

...We're good.

Jan 22 2008 1:23PM
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.makuma.
Posts: 2258 - Karma: 43
haha true.
Jan 22 2008 2:41PM
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grams.
Posts: 7406 - Karma: 186
USA! USA! USA!
Jan 22 2008 2:49PM
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slimbruddah
Posts: 2611 - Karma: 25
Canada's completely safe.
Jan 22 2008 5:30PM
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slimbruddah
Posts: 2611 - Karma: 25
It'll affect us, but not annihilate us type thing.
Jan 22 2008 5:31PM
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Foxy_Grandpa
Posts: 594 - Karma: 12
wait whats going to happen...in words a brain fried 17 year old can understand...
Jan 22 2008 5:37PM
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