Grab a seat cause the music is about to stop...

[Dagwood]

That is really to bad, as children are what makes life ultimately worth living.

+1

Besides, who is going to pay your pension in your old age?

[Mig29]

That is really to bad, as children are what makes life ultimately worth living.

+1

Besides, who is going to pay your pension in your old age?

+1 as well!

[robshelle]

Not only who's gonna pay your pension, but who's gonna change your diaper when you are in an old folks home? We better either start having more children, or start opening the floodgates to immigration!

[Beefitarian]

That is really to bad, as children are what makes life ultimately worth living.

+1

Besides, who is going to pay your pension in your old age?

And by pension you mean,"Gather twigs and sticks to heat you hovel and cook the gruel because money is no longer a means for barter." ?

[FICU]

Typical market manipulation by the cooked financial power mongers. They get tired of seeing the market on a plateau so they scare the crap out of everyone, sell at the top and buy back at the bottom, then wait for the next round.

[square]

As much as I hate to say it were going to be on the slide for a few years, there's an estimated 9 million baby boomers coming on 65 in 2011. [...] Thats Canada alone

You're saying 30% of Canadians are turning 65 this year?

[DanWEC]

Typical market manipulation by the cooked financial power mongers. They get tired of seeing the market on a plateau so they scare the crap out of everyone, sell at the top and buy back at the bottom, then wait for the next round.

I don't see how that theory holds any water. Basic economics dictates that spending drives the machine. That's why even the tiniest hint of an upcoming recession can and will ultimately resolve itself as a self fulfilling prophecy because people begin to limit spending because of perceived future uncertainty.

The first primary move from the the financial sector is to encourage people to spend, and try to stave off economic stagnation. Sometimes that means presenting the financial situation as being much better than it is. Unfortunately, this has been happening in the US for far too long, and now the real problems are showing itself despite the massive stimulus injections. Too little, too late.

[dirk82]

As much as I hate to say it were going to be on the slide for a few years, there's an estimated 9 million baby boomers coming on 65 in 2011. [...] Thats Canada alone

You're saying 30% of Canadians are turning 65 this year?

Sorry early morning post after a 20 hour day. The stat claims that starting in 2011 9 million boomers will begin to retire in the Next few years. The basis behind the stat is that never in history has there been numbers this great coming into their golden years in such a short time. What the author was following up with was if There is 9 million turning 65/lookin to retire that's allot of people looking to live off investments and pensions rather then putting more into the market and govt pensions.

[FICU]

Don't kid yourself. There will be an elite few who make a killing off of this latest market dump. The rich and powerful are always out to make themselves more rich and powerful at the expense of the rest of us.

[TG]

I bought long term bonds and gold two years ago, when everyone was saying rates would go higher but they keep falling as bond prices rise.

You bought gold bullion or paper gold ?
https://www.igolder.com/glossary/paper-gold/

Examples of paper gold are gold certificates issued by banks and mints, pool accounts, futures accounts and the NYSE listed exchange-traded fund. With these products you own a piece of paper rather than physical gold. These paper products give you exposure to the gold price; you can make a profit by selling them to someone wishing to own paper gold, however when the music stops and nobody wants to purchase paper anymore, it becomes worthless since you may not able to redeem your metal.

I read somewhere that the amount of gold sold on paper offset the world reserves...
Kind off typical of the financial market.

[invertedattitude]

We have everything we need right here inside Canada to be self-sufficient.. lets build some big ass walls and shut the world out.

Canadians are too happy for the American bombardment of media fear mongering.

Give me a roof, a jug of maple syrup and a hockey stick, I'll be just fine.

[invertedattitude]

I realize its one day, but TSX Up 94 points, DOW down 521 points.

I'm going to the woods to cut down some trees, lets get that wall up

[Changes in Latitudes]

We have everything we need right here inside Canada to be self-sufficient.. lets build some big ass walls and shut the world out.

Canadians are too happy for the American bombardment of media fear mongering.

Give me a roof, a jug of maple syrup and a hockey stick, I'll be just fine.

I like the way you think, I'd send you maple syrup in a heartbeat if the econopocalypse hits.

[robertsailor1]

Only thing anyone with any common sense knows for sure is that they don't know what the future holds. Who was it that said..Predictions are really tough to make...especially about the future! Will Rogers I think.

[Johnny#5]

Can't build a wall anymore...the plans for the "North American Union' have already begun....

[Highflyinpilot]

I think it has a lot to do with fear and what the media reports.

In any case, I hope for all you career pilots that the industry doesnt tank, I wouldnt want to see that happen to anyone.

Ill be honest though, Im glad i pulled out of the aviation industry a while back, Thats for sure.

[2R]

I am still laughing at the term: JOBLESS RECOVERY

What spin doctor thought that gem up.He should be first on the guilotine

Riots all over the world ,in just about every city where the police do not use machine guns and these clowns are talking like the only people suffering are the yuppies who will not be buying a new porsche this year.
The price of food is about to double in some parts of the world and these guys are only worried about how many weeks they will miss at the cottage this year.
Food riots are a part of human history and history will be repeating itself again soon.

[Mig29]

I am still laughing at the term: JOBLESS RECOVERY

What spin doctor thought that gem up.He should be first on the guilotine

Riots all over the world ,in just about every city where the police do not use machine guns and these clowns are talking like the only people suffering are the yuppies who will not be buying a new porsche this year.
The price of food is about to double in some parts of the world and these guys are only worried about how many weeks they will miss at the cottage this year.
Food riots are a part of human history and history will be repeating itself again soon.

That's my fear too....this s**t just doesn't sit right with me. People are literally fighting for survival all around us, starving to death, barely making ends meet, while we are (actively supporting and participating in) bombing the crap out of countries so distant from us and yet we pretend that everything is O.K. We are all disillusion and live in some 4th dimension, because we haven't felt what pain really is. I mean Vancouver riot short while ago is a joke to what is going on in London, we never had the killings here at home like Norway just had....all we worry about is the price of gas and if we can afford an even bigger mortgage for a house that's way beyond our financial and personal needs.....Is everyone here on tranquilizers but me? ?

[AEROBAT]

That's my fear too....this s**t just doesn't sit right with me. People are literally fighting for survival all around us, starving to death, barely making ends meet, while we are (actively supporting and participating in) bombing the crap out of countries so distant from us and yet we pretend that everything is O.K. We are all disillusion and live in some 4th dimension, because we haven't felt what pain really is. I mean Vancouver riot short while ago is a joke to what is going on in London, we never had the killings here at home like Norway just had....all we worry about is the price of gas and if we can afford an even bigger mortgage for a house that's way beyond our financial and personal needs.....Is everyone here on tranquilizers but me? ?

I know what you are saying, it seems as though people want to disconect with reality especialy if the reality is something they don't understand. I heard on the news they estimate 20,000 kids will starve to death in Somnalia but the headlines are about a bunch of degenerates rioting in England.

One economist figures the Dow will have to drop to 5000 before things actually stabilize again. The Federal Reserve board is hellbent on keeping the toxic assets from coming to market so this is only prolonging the agony.

[Tubthumper]

[2R]

At the present rate of decline the DOW should be at 5000 by the end of the month
Although i would make an uneducated wild ass guess that if it goes to 5000 it will bounce back up to its real value of about 8000 points by Christmas.
And who knows it could hit 8000 if they have four more days like today before i sell out.
Buy high sell low ,only works if you are selling short on the decline on the second tuesday of a 31 day month

[Beefitarian]

I wonder if it would be bonus to be in debt if the economy collapses? I think the banks will just shift you debt to what ever currency they switch to so no. But it would be cool if a guy could buy a bunch of things on credit and then be able to pay for it with a couple of Swiss francs because the Canadian dollar went Zimbabwe.

[DanWEC]

I'm simply incredulous at the singlemindedness of everyone on this board! You talk about the suffering in the world, and the people living in happy oblivion.
You are completely ignoring the most important survivalist aspect here....

The Zombiepocalypse! It will happen.


Braiiiiinnns........

[modi13]

I'm simply incredulous at the singlemindedness of everyone on this board! You talk about the suffering in the world, and the people living in happy oblivion.
You are completely ignoring the most important survivalist aspect here....

The Zombiepocalypse! It will happen.


Braiiiiinnns........

There is no greater threat to mankind than the zombie apocalypse. The only question is whether we have months, or only days...
Get your zombie plans in order. I for one am going to get into a safehouse with lots of other people, and when they think they're safe I'm going to infect myself so I can eat their brains. It's way more fun being a zombie than one of a handful of desperate survivors.

[Beefitarian]

They won't actually be zombies. It will just be the people that are hungry and confused that the ATM and grocery store shelves are empty.