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| a fugitive was quoted as being a ... |
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 I have a paper clip....What would you swap it with? |
The winning answer must complete the swap.
I will swap addresses etc then.
I will then swap that object etc etc.
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The paper clip can be seen here.... |
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IS THERE ANYWERE SAFE TO INVEST MONEY THAT CAN
MAKE A GOOD RETURN.... |
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This is quite a windfall for me, and I'm not in a position to be rash with this money. Should I invest? If so - in what? Should I go travelling, start a buisness? I've really no idea.
... |
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 I have recieved a bonus of 70,000 UK pounds. How best to invest??? |
Have recieved a huge bonus of 70K - how best to invest? Property? right time to invest here?
Shares? dont know anything about them
Premium bonds? no chance
Anything else? Never heard ... |
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my grandfather made a check out to me for that amount and put more money into a savings account. what should I buy? I am 25.
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And dude I don't want to give it to ... |
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How much should I start of with?
What Kind of news should I look out for?... |
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 What's the best way to make lots and lots of money?!? |
Fed up being poor!
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for those of you that think Im a bum, well i am not, I have two businesses, problem is, my bills are high, inflation is bad, mortgage is sky high, ... |
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 I am 15 and I have $3,000 in my bank account; should I invest, etc? |
| I know the economy is crap right now, but I want to put my cash into a mutual fund or something. Do you think I should put it into a different type of account or something, etc? Or wait out this Bull ... |
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 I have about £1000 available to save each month, how should i invest my money? |
Will i get a better return on stocks and shares or should i buy property etc?
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I didn't mean buy a property with £1000 obviously. I meant to use that money to ... |
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fotojack | $700 billion bailout rejected, Dow down 777 what does that mean to me, the average joe? |
I thought I kinda understood this, but now it's going way over my head. What difference am I really gonna see, besides bank names changing on buildings?
Can't all the countries that owe us money, maybe pay us back a little, or do we owe other countries even more? |
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David C
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It means that a hundred republicans were upset that POLOSI (house speaker) said some true but naughty things about them and no they are not going to do as they are told any more, BOO HOO HOO.
So you, me and about a BILLION people around the world have to wait till Wednesday till they calm down and the markets have lost a few $trillion more dollars.
Politicians behaving like children, what amazed me was they actually admitted this on CNN and defended their actions. WHAT PLANET DO THESE *UCKWITS COME FROM. |
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Charlie R
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It means we are screwed with a capital SCREWED!!! |
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Madi J
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Well. it means we are going to have to pay for it. we are going to have to pay for all this nonsense that keeps going on. |
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sg
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Buy that one way ticket to albania and take with you a book on sheepherding, your new occupation-to-be. |
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B
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You lost money if you own any stocks. Also, if corporations are in financial trouble than you could lose your job. |
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Chris S
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The market is correcting itself, it has been inflated for the past 15 to 20 years or so.
this is a good thing.
if that bailout would have happened we would have had a bad ten or twenty years. This way we may have a bad year.
That bailout is a form of price fixing!!! and is the definition of socialism |
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Spartan117
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you can sit back and laugh at those jerks who got us in this mess. |
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Justin H
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The main issue to the average person right now (as I understand it) is a virtually stagnant credit market. This means you will have a difficult time getting a car or home loan.
In a broader sense, the problem with the credit market will put a strangle hold on any economic growth. Businesses will not be able to get credit to buy inventory (especially for the upcoming holiday season), to build and/or expand locations, buy raw materials, or whatever else they might need credit for.
Looking a little further out, this will likely lead to job losses as companies just don't need the manufacturing and sales staff. |
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Misha J
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i have no answer to this, but just want you to know i was wanting to know the same thing.
you are not alone!
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Jeff T
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It means that if you try to cash out your 401K this month, you'll have less than you had last week.
If you have more than $100,000 in a bank account, some of your cash is at risk.
If you have credit card debt, look for your rates to go up, simply because the bank can raise them at will.
If you are trying to get a mortgage or a car loan, you'll need to have 20% down in order to get it.
The US currently has over $9,000,000,000,000 in debts outstanding.
Half of that is to the social security trust fund, which will become an issue in the next decade or two, as we end up with more people retired than working. |
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Guy
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You owe everyone else more money than you would ever recieve!
The way to get out of it is to let your currency crash.
Only from the crash can you rebuild! |
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▲ßûІІѕ vÅŸ ßèÄÅ—Ñ•â–¼
 |
say goodbye to your kid's chance to go to a college if you need a loan and say hello to the new depression of 21st century! |
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j
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not much if you don't own equities. Although the price of things like gas and other commodities are tied to the stock market. However, oil got crushed in the markets today as well, so it looks like the price at the pump will actually be coming down as a result. |
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Mike
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It means your 401(k) probably got f'ed in the a. |
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blownscoot
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We owe so much we could never pay it back.Get on your knees and pray we are in for hard times.The rich get richer and the poor get poorer |
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Pro Obama, Anti jonas and cyrus!
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I seriously think there will be a new great depression.
http://answers.yahoo.com/question/index?qid=20080929142714AA9rJk9 |
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Serapis
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A lot of these answers are completely wrong. We are a long way from another Great Depression where people are standing in breadlines just to eat. And to clarify, the 1929 Depression WAS a world depression.
What you have to understand is that Wall Street is the equivalent of a spoiled little four year old. It throws tantrums all the time when it doesn't get what it wanted. It WANTED this bailout packaged, and when it didn't get it, it threw a tantrum and sold off. What you don't see is that after a 700-pt. drop, there are many, many people buying back those same stocks after hours. Those are the people who don't buy in to the hype and know the value of well-run companies.
Just because Wall Street throws a little tantrum doesn't mean it won't recover. Just because this bailout fails doesn't mean there won't be another form of a subsidy that will make the market soar. It is unfortunate that most ordinary Americans only follow the market on days like today; they don't understand it and will contribute to the selling. The Wall Street elite that sold today know that they just lost one single round in a long, drawn-out game. The mistake others make is thinking they have lost the game entirely. |
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labowu
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Put a bid in. The bailout will pass in a different form before week's end and the DOW will bounce a good 500 points. |
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ima_super_geek
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It means they have to try again to take taxpayer money to give to companies that obviously didn't know what to do with money or they wouldn't need yours to begin with. |
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lea lange
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it means unless the average joe can afford to wait for the market to recover, which may take years, the average joe just got screwed up the a**. meanwhile the big shots who created the problem just got their millions in salary and could give s**t less about the average joe |
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starlove2
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keep that job you have now b/c the unemployment rate will rise and more people will be out of a job, looking for yours |
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giggleblue
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we owe other countries even more. china has been buying our bonds and notes like crazy! on a base level, besides bank names changing, your money in the bank is insured, unless it's over the amount covered by the FDIC. at most, you will receive a letter in the mail saying that your bank name and account number has changed. you may get some new bank cards and checks, but the switch over should be painless for the end user such as yourself. if you have some automatic payments set up, you may have to change the account numbers and routing numbers on those, but other than that, it will be a seamless transition.
if you have a 401K, i'm willing to bet the amount in your account has dwindled even a little by this point, so you will see a change in your retirement accounts. when the market improves, those should improve also, but that will take time. if you aren't close to retirement, you should have plenty of time to earn back what you lost. if you are close to retirement, you should have already had your assets in more secure places like government bonds and notes to reduce your risk.
also, going forward it will be harder to obtain debt like car loans, home loans, and credit cards. banks don't have the money to lend, and especially not if your credit rating is not up to par.
being the "average joe", the biggest affect for you right now, minus what i've already covered would be the risk of losing your job during a layoff. several companies are scaling down head count right now mainly due to the fact that they are uncertain about what will be happening in the future. of course, we all know the domino effect of what can happen if you lose your source of income, so i won't dive into that. |
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Eric, RI
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Some people bought some overpriced housed they could not afford.
Then they stopped paying their mortgages.
Then the banks that they borrowed money from had less money coming in so they could not provide any new mortgage loans.
Then the home prices started to drop because people could not get loans as easily.
Also the banks cannot provide loans for other things like cars, vacations, furniture, etc.
When people cannot borrow money businesses cannot sell things as easily.
Then production and prices are reduced until the price drops enough for people to pay without having to borrow money.
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Nick Z
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USA is now the biggest debtor in the world. And even now USA spends about $700 billion more than it earns every year. Which means that US debts are getting bigger.
US taxpayers are already responsible for trillions of US government debt. And adding $700 billion on top of that was simply too much to stomach for many voters and politicians representing them.
But the stock market is plunging so much now because many investors kept hoping against hope that all these huge debts will go away and everything will be okay. Now they've realized that a lot of borrowed money has been squandered and lost. And they are not as rich as they thought they were. |
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blondeee
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I am not entirely sure but I think we are the ones owing all the other countries... haha |
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aria X
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The direct difference is high unemployment. The 1.2 trillion loss to the stock exchange means that every company that suffered a loss has to recoup it. meaning firings, store closings and rise in prices.
retirement funds 401K's took a big hit.
the credit market also dropped 104points meaning less or no loans, for cars, or businesses. Any business needing a loan or just expanding many have to fire people.
It means high prices for everything, Less interest for savings accounts and high interest on credit cards.
There is a way to ease the burden. It is not all bleak. If a good modified version of the bail out passes or another economic
plan passes that can free up money to to build up a stronger economy. Less banks will fail, less business will fail. It still is a long way to healthy but we can stop short of having a depression. We are not at a depression yet. |
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Rae
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We owe other countries more I believe. If the economy slips into a depression again... as it is on the verge.... it won't be like the last one. It will affect the whole world. Other economies depend on ours. If that happens prices will go up so high there won't be enough money for the "average joe" like us. Families could lose homes, and people will starve. Worse than it is now. The world has not seen that kind of mass depression... ever. That is why they are planning the biggest "bail out" in history. It is hard to follow, but someone who understands it explained it to be in terms I could understand. I hope I have done the same for you. Good luck, and God be with you. |
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thatguy
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to the average joe it depends.....to big banks/businesses everything cause right now banks arent lending money to other banks and businesses which effects loans and business payroll and even some 401k's which trickle down to the average joe |
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Savagedancer
 |
It means the greed of the past has caught up w the US of A. Greed on wall street, greed in real estate, greed from CEO's, average joe/jane rackin up to much credit card debt (gotta have that 52" tv, or Toyota Tundra ya know).
Start living in your means, or below. This is gonna be a rough ride for most.
The last generation to understand sacrifice was the ww2 gen. We could learn from them. |
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â—Šâ—Š Tales of Brave Ulysses â—Šâ—Š
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man i love this. you all complain and blame bush and repubs in general when the root cause of the bubble was the MASSIVE numbers of subprime loans banks were passing out to people that couldnt afford to pay them back. The Community Reinvestment Act and subsequent regulation under CARTER AND CLINTON forced banks to meet gov requirements by forcing them to give out a certain # of subprime mortgages. Regulation got us into this mess NOT deregulation. The market is correcting itself after decades of socialist policies have caught up to us.
lost in all of this is the fact that obama worked for a law firm that sued banks for not giving out subprime loans. Google Franklin Raines, ex Fannie Mae CEO and corrupt member of obama's campaign.
its going to take a bit for the average joe to feel this. commodities are trading lower so you could pay less at the pump. 401k accounts are going to be worth less today than yesterday. however, you can't take a single day in the market and assume its going to destroy us all. by the end of the week, stocks will still be down after recovering slightly. |
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Maniac Man
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bailout? |
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