This will be some day on the Markets, DOW(n)!!

Magnus3x · 12-12-2008, 10:11 AM

Man I am surprised they blocked the auto loan deal for GM and Chrysler, this is going to have some crazy ass effect on the market today, the US dollar and the DOW. The Euro and Asian markets already saw losses in the over night hours.
Should prove very interesting in the next 7 hours.

If they don't enact an emergency package this will obviously cause job losses to a degree we have never seen in the last 50 years, and it will deepen the recession. but I also believe the auto companies need to go bankrupt, re-do their deals with the unions and all the legacy payouts, unfortunately this is a either or situation.

Crazy times.

Evil Chris · 12-12-2008, 10:14 AM

Just so long as there is food on the table, a roof over our heads, and the heat is on.

Cyndalie · 12-12-2008, 03:45 PM

Time to buy stock in Honda.

dyonisus · 12-12-2008, 04:02 PM

my mattress is looking like a solid investment bank

Magnus3x · 12-12-2008, 05:10 PM

Yeah it was'nt as bad as I thought it was gonna get today.. but still not a great situation.

Crak_JMan · 12-12-2008, 06:09 PM

I heard GM said they where closing all of their plants in north america for January... LOTS of people will be fucking hurting on this one :-(

North America is about to have a surge in unemployement.