1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

What Panic ?

Discussion in 'Political Debate & Discussion' started by Bro. Curtis, Sep 30, 2008.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
    Site Supporter

    Joined:
    Oct 25, 2001
    Messages:
    22,016
    Likes Received:
    487
    Faith:
    Baptist
    If they need $700 billion to fix this catastrophic crisis, which needs to happen right now, why is Congress taking 2 days off ?

    And the stock market is up 300 pts today ?
     
  2. FriendofSpurgeon

    FriendofSpurgeon Well-Known Member
    Site Supporter

    Joined:
    Feb 24, 2003
    Messages:
    3,243
    Likes Received:
    74
    Rosh Hashanah. And it allows each side to breathe before coming back together -- not necessarily a bad thing.

    I expect the markets to continue to go back up today & tomorrow, though probably not back up to where it was Monday am.
     
  3. KenH

    KenH Well-Known Member

    Joined:
    May 18, 2002
    Messages:
    41,907
    Likes Received:
    1,469
    Faith:
    Baptist
    The Senate is in session today.

    The House took off two days for Rosh Hashanah.

    Well, the DJIA went down about 777 points yesterday and today it is up about 242 points. Yeah, I feel better about it. :)
     
  4. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
    Site Supporter

    Joined:
    Oct 25, 2001
    Messages:
    22,016
    Likes Received:
    487
    Faith:
    Baptist
    I disagree. It's just about halfway there.......

    We'll see, but my bet is we're being manipulated.
     
  5. KenH

    KenH Well-Known Member

    Joined:
    May 18, 2002
    Messages:
    41,907
    Likes Received:
    1,469
    Faith:
    Baptist
    "Though the blue-chip index rose more than 340 points by early afternoon, the main worry for traders is that a lack of a plan will make it nearly impossible for some companies to fund basic operations like making payroll. Participants in the credit market buy and sell debt that companies use to finance operations.

    The benchmark London Interbank Offered Rate, or LIBOR, that banks charge to lend to one another rose sharply Tuesday, making it more expensive and difficult for consumers and businesses to borrow money. In addition, credit card debt and more than half of adjustable-rate mortgages are tied to LIBOR, so an increase isn't welcome for many consumers."

    - http://biz.yahoo.com/ap/080930/wall_street.html
     
  6. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    Congress is trying to ensure they don't lose their single digit approval ratings.:tonofbricks:
     
  7. Dragoon68

    Dragoon68 Active Member

    Joined:
    Nov 30, 2003
    Messages:
    4,511
    Likes Received:
    0
    I feel better because socialism didn't win yesterday. I'd rather lose money in the stock market which can be short term and on paper only than to taxes which is money gone forever. I sure don't want to lose freedom which is really expensive to purchase. I hope Congress will have the courage to stick to it.
     
    #7 Dragoon68, Sep 30, 2008
    Last edited by a moderator: Sep 30, 2008
Loading...