Comments on: What a Difference a Year Makes in the Financial World http://www.creditwithdrawal.com/wordpress/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Your 9 Step Economic Action Plan http://www.creditwithdrawal.com/wordpress/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/comment-page-1/#comment-2395 Your 9 Step Economic Action Plan Thu, 23 Oct 2008 13:33:18 +0000 http://www.creditwithdrawal.com/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/#comment-2395 [...] What a Difference a Year Makes in the Financial World [...] [...] What a Difference a Year Makes in the Financial World [...]

]]> By: Randall http://www.creditwithdrawal.com/wordpress/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/comment-page-1/#comment-2322 Randall Fri, 10 Oct 2008 14:35:49 +0000 http://www.creditwithdrawal.com/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/#comment-2322 @Philip, Both the unemployment numbers were from the DOL web site (I'll get links this evening) and I mis-calculated them (they gave current numbers and percentage changes.) Last year should have been 4.7% (6.1% - 1.4%) Thanks for the catch. We're 'all' copying in one way or another what happened to the swedish markets in the early '90's. They basically did the same thing, buying up the banks/debt then selling it off. They came out even or ahead a couple of years later. I think the problem now isn't that it won't work, but it 'hasn't worked instantly'. It's only been a few days, and people were expecting in this fast-food nation to have an instant solution. When that didn't materialize, people got scared again, and the whole stupid cycle (no loan, no spend, no solution) started up again. <abbr><em>Randalls last blog post..<a href="http://www.creditwithdrawal.com/2008/10/07/hard-times-causing-theft-of-metal-to-soar/" rel="nofollow">Hard Times Causing Theft of Metal to Soar</a></em></abbr> @Philip, Both the unemployment numbers were from the DOL web site (I’ll get links this evening) and I mis-calculated them (they gave current numbers and percentage changes.) Last year should have been 4.7% (6.1% – 1.4%) Thanks for the catch.

We’re ‘all’ copying in one way or another what happened to the swedish markets in the early ’90’s. They basically did the same thing, buying up the banks/debt then selling it off. They came out even or ahead a couple of years later. I think the problem now isn’t that it won’t work, but it ‘hasn’t worked instantly’. It’s only been a few days, and people were expecting in this fast-food nation to have an instant solution. When that didn’t materialize, people got scared again, and the whole stupid cycle (no loan, no spend, no solution) started up again.

Randalls last blog post..Hard Times Causing Theft of Metal to Soar

]]> By: philip http://www.creditwithdrawal.com/wordpress/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/comment-page-1/#comment-2318 philip Fri, 10 Oct 2008 13:09:54 +0000 http://www.creditwithdrawal.com/2008/10/10/what-a-difference-a-year-makes-in-the-financial-world/#comment-2318 I think you might check your numbers on long-term unemployed, they don't quite add up right. One thing that has surprised me is I have thought the bailout plan was not what we needed to do, and did not want it to pass. I thought it passed because we had some over powerful influence on our congress, but now that everyone sees it did not have the effect they wanted why the heck are other countries trying to do the same thing? I thought the governemnts in Europe were supposed to be running better than here and everyone is looking down on what the U.S. is doing but now they copy a failed project of ours, what the heck? I think you might check your numbers on long-term unemployed, they don’t quite add up right.

One thing that has surprised me is I have thought the bailout plan was not what we needed to do, and did not want it to pass. I thought it passed because we had some over powerful influence on our congress, but now that everyone sees it did not have the effect they wanted why the heck are other countries trying to do the same thing? I thought the governemnts in Europe were supposed to be running better than here and everyone is looking down on what the U.S. is doing but now they copy a failed project of ours, what the heck?

]]>