JP Morgan 4Q Profit Falls 34% - Recession Surely Coming

Discussion in 'Other News' started by WiseOne, Jan 16, 2008.

  1. Jan 16, 2008 #1
    WiseOne

    WiseOne Inactive contact bullhaulerswife

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    WiseOne's Comments, if you think a recession ISN'T coming you truly are a fool, IMHO. No doubt a recession IS coming, but a depression is very likely indeed as this CANNOT keep going this way...
     
    WiseOne, Jan 16, 2008
    WiseOne, Jan 16, 2008
    #1
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  3. Jan 16, 2008 #2
    Ronnocomot

    Ronnocomot Road Train Member

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    So they make "only" $2.97 billion dollars and that signals a recession?

    I wish I had a recession.
     
    Ronnocomot, Jan 16, 2008
    Ronnocomot, Jan 16, 2008
    #2
  4. Jan 16, 2008 #3
    hrdman2luv

    hrdman2luv Medium Load Member

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    Congress has got to stop sending our money abroad. They have to stop borrowing from China, Mexico and others. The intrest alone on these loans is in the billions every week.
    We can't afford Iraq. period.

    If this keeps up, people who are dependent on Social Security, Medicare and other social services will be hurting also.
     
    hrdman2luv, Jan 16, 2008
    hrdman2luv, Jan 16, 2008
    #3
  5. Jan 19, 2008 #4
    RoamingGnome

    RoamingGnome Medium Load Member

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    we could be heading in the direction of old Russia and the cold war. the depression in the '40 s might be a cake walk compared to what we might see.
     
    RoamingGnome, Jan 19, 2008
    RoamingGnome, Jan 19, 2008
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