SirenSongWoman
Cathlete
What she's saying is scaring me to death! Anyone else see this? When asked if what happened today is comparable to The Great Depression she said "YES!"
Suze Orman on Larry King
- Thread starter SirenSongWoman
- Start date
Govtgirl
Cathlete
I take what Suze Orman says with a grain of salt. There are plenty of other extremely qualified but less well-known financial analysts out there that would disagree with her. She is less of a financial expert now, and more of a celebrity and author. And scaring people sells books!
Plenty of analysts out there think it is bad, very bad. My husband is an economist and has been saying for quite a while that this was coming and it would be hard times. I don't think the government will ever tell you what is really happening right now but alot of people saw the writing on the wall for this one. This administration is certainly not going to inform the public.
icumom
Cathlete
Phyllis is right - this country has become so full of denial and happy spins on catastrophes, that its going to take massive privation for people to wake up...myself included.
The writing was on the wall years ago...my best friend (retired at 38, self made, and very conservative) said the administration of the past 10 years has been criminal - free market works when the playing field is LEVEL - there is NOTHING level in today's financial markets..
Paul Volker broke the impending depression in the 80's and the quick recession it brought on lost Bush Sr. his presidency but got the economy stabilized - don't get me wrong - I despised Volker at the time, but today see his wisdom....the Fed won't take such drastic measures these days...
Americans were seduced by easy credit, the banks became cocky - and its VERY akin to 1929 - different set of players, but we OWE everything we eat, drink, ride, and play with to underpaid workers in China....if we want to put Americans back to work, all our toys will cost a mint......so I personally - lay back and do nothing....
I grew up during massive recessions in the 70's and 80's....my kids know nothing except prosperity and jobs everywhere (no benefits,no pensions, no vacations - Bush fails to mention that when he talks about the jobs created - and that they don't pay a living wage, but "the jury's out" as he says) - so the rude awakening is coming.
NEVER thought I'd see a day when Merrill Lynch would go courting a take-over! Lehman brothers (where did Shearson go anyway? OR Fenner with ML - SMith went with Barney and they both went to Goldman right?) - can't find a buyer????WTH?
And cancelling STS?!!!! NEVER thought the day would come when an investment in Cathe would be too rich for my blood!
The writing was on the wall years ago...my best friend (retired at 38, self made, and very conservative) said the administration of the past 10 years has been criminal - free market works when the playing field is LEVEL - there is NOTHING level in today's financial markets..
Paul Volker broke the impending depression in the 80's and the quick recession it brought on lost Bush Sr. his presidency but got the economy stabilized - don't get me wrong - I despised Volker at the time, but today see his wisdom....the Fed won't take such drastic measures these days...
Americans were seduced by easy credit, the banks became cocky - and its VERY akin to 1929 - different set of players, but we OWE everything we eat, drink, ride, and play with to underpaid workers in China....if we want to put Americans back to work, all our toys will cost a mint......so I personally - lay back and do nothing....
I grew up during massive recessions in the 70's and 80's....my kids know nothing except prosperity and jobs everywhere (no benefits,no pensions, no vacations - Bush fails to mention that when he talks about the jobs created - and that they don't pay a living wage, but "the jury's out" as he says) - so the rude awakening is coming.
NEVER thought I'd see a day when Merrill Lynch would go courting a take-over! Lehman brothers (where did Shearson go anyway? OR Fenner with ML - SMith went with Barney and they both went to Goldman right?) - can't find a buyer????WTH?
And cancelling STS?!!!! NEVER thought the day would come when an investment in Cathe would be too rich for my blood!
SnideySpidey
Active Member
I kinda think Suze Orman's hair is scary...
nancy324
Cathlete
She also sells Do-It-Yourself Will kits and insists that everyone must have a revocable trust, regardless of what state they live in, which is hogwash. My department makes more money cleaning up those do-it-yourself will estates than working on any other matters. Of course, I do agree with her ridiculously obvious advice about getting rid of credit card debt, but it doesn't take a rocket scientist to figure that one out.
LaughingWater
Cathlete
Her tan throws me off a bit.