Buffett, Soros Refute 'Credit Crunch Over' Mantra: Market Pays Heed

With over 35 million going hungry to bed; over 47 million with no health insurance, millions of workers working at a minimum wage or little over, high fuel and food prices, high taxes, dis functional government, no accountability, war, devalued currency, ramped corruption, printing press economy, denied the people to express “their will on ALL ISSUES” etc. amounts to DEPRESION!

And not one candidate speaking openly about the America Equity crisis. Everyone talks around the elephant in the room. Just like Home Equity, there comes a time when you've exhausted the Equity and it's time to pay it back. Unless, of course, your plan all along is to bankrupt America in an effort to grab power.

Hopefully our allies in Iraq will do the right thing to help America. A weak America is bad for Iraq's security.

Yin Yang where there is bad there is good, I'll keep trading. If stocks are beat down, it's cheaper for me to buy them. Volatility is my friend!

It doesn't matter. If a company has solid financials and higher equity to debt ratio, they will survive this with a boom. There are companies that have cut all of the fat they can afford to cut and created and extremely lean looking machine. What happens when that lean machine comes out of the credit crunch? It will bury the competition. There are so many diamonds laying around the fields these days, it's almost like Christmas at Tiffany's. Just look at the companies, make an informed decision, and buy some stock. The new class of millionaire will be formed from this "crisis".

By the way, don't think Buffet may be spreading doom and gloom so he can further expand his portfolio? I know if I was a billionaire I'd be spending like a freak, so as soon as the dust settles I'd be the one on top of the hill.

The reason they want any Dem in office is that they both know the only way out is to increase taxes in some manner and increase interest rates to stem inflation and prop up the dollar. Look at the price of crude since Bush and Chaney took over. $25.36 in 2000. Five times that now and it is the root of all our problems. Look at the fall of the dollar, which was intentionaI on both their parts. I paid .88c for diesel in 2000 and it is now over $4.35 a gallon. Who does not feel this is the root of all our problems? Who believes that Iraq should be paying for their war using their oil and not our $? WAKE up America! Pitts off.

wow

The US dollar is the key. Stop lowering the interest rate and jail the crtmals for war crimes.....

Sorry prospects indeed.People don't seem to care, we have a President that did not put in a day's work in his whole life. If George Bush father thought he was good enough to manage the US why did not he invest his fortune in some productive business and let his sons manage it?. No, it is safer to let Florida pay for Jeb and the US for George' And how about the present crop of candidates? None has private business experience. One is too old, one too inexperienced and the third has the wrong kind of experience. "Sad days are here again"

I might suggest that if that pair make the determination that the credit crunch is not nearly over and recession is inevetable, they will use all of their influence and finantial power to make it so.

These guys are right and have the track record to prove it. Not a single positive trend in our economy unless you count executive salaries pumped by massive outsourcing and layoffs from unskilled through professional ranks. We're constantly losing our production capabilities and even our R&D is going offshore. Big domestic corporations realize the American consumer is tapped out on credit and are going after the emerging market consumers in India, China, etc. All the while the W administration is crowing about (McJob) creation and blue skying our plight. What a shameful mess wee're leaving our children!

These guys are right and have the track record to prove it. Not a single positive trend in our economy unless you count executive salaries pumped by massive outsourcing and layoffs from unskilled through professional ranks. We're constantly losing our production capabilities and even our R&D is going offshore. Big domestic corporations realize the American consumer is tapped out on credit and are going after the emerging market consumers in India, China, etc. All the while the W administration is crowing about (McJob) creation and blue skying our plight. What a shameful mess wee're leaving our children!

Buffet is a genius investor but a complete psycho when it comes to politics. Back on topic... We are very likely headed for the Great Depression Part II. Enjoy the ride.

I can't believe it took 19 posts for someone to go political on the board. Well done zoone.

George Soros is probably part of the problem here. He constantly runs an agenda that is counter to America.

Both of these gentlemen can afford to say just about anything they want because if the markets do get worse..what will they lose?..a billion here or there? Oh My God!!! These current events appear periodically..about every ten years or so..the last being LongTerm Capital Management in 1998. Does anybody remember? Even if "they" do, it really doesn't matter because there are a new group of "suckers" who are greed-driven entering the market every ten years or so. Especially the "wunderkind" who are hired every year by the large banks to "re-invent" the wheel ! The wheel doesn't need re-inventing.in case you haven't noticed. Greenspan said several years ago that he feared very young, inexperienced people (in the finance industry) who are given a huge amount of responsibility...hence many of the "I-don't-have-a-clue-what-you're-talking-about" re-engineered finacial products that have destroyed the equity and confidence of many unsuspecting individuals. Look, the banks deserve whatever they get...they let things get to this point...so let them pay with their own money..not the taxpayers! Never forget this, my friends...."Human nature dictates market psychology". It always has...and always will. Take it from me...I've been in the finance biz for almost 30 years...and you know what...some things never change!

We are not headed for a repeat of the 1930s. It will be worse. Far worse. However, it will end the same. In a war. A World War whose horror and scope we can not as yet imagine. 9/11 was the "coming to a theatre near you" trailer. It will be the war for food and oil and it will run on blood. Lots of blood. There's plenty of that in the world. When the rivets start to pop in the banking system and Bernanke is running around like a central banker without a head, trying to bail out his friends at hedge funds, banks and brokers...then it won't be long. I'd advise everyone to say your prayers, but prayer didn't stop the last war and it won't stop this one. Nothing will. We are unfortuante enough to witness the world civilization that took 10.000 years to build unravel beyond control or hope. Not many home sapiens have seen their worold go from peak to trough in their lifetimes. It's always taken hundreds of years. But not now.

Face it people, the usa economy rules the world. We go down so will the rest of the world. Period.

All major retailers are reporting results that are less this year from '07. When you have a credit crunch, you have lenders unwilling to lend, even at interest rates that are way too low to stave off inflation. The fed should not have reduced interest rates just to save a few banks and a few million home owners. Foreclosures are still at record levels and will continue through out '08 despite interest rates being lowered. These fed. gov't baailout proposals won't help either because it passes the buck to the middle class who pay a higher precentage in taxes than do the wealthy.