Will the stock market hold...or is the bubble ready to burst?

[Salty]

Eventually the gas will start going down. Just pray and have faith, and do as little driving as you can.

I highly doubt that mate, as right now we would be getting pretty close to peak oil. But I'm glad my dad is not on this site, he would be writing a 20 page essay on this as we speak. But basically many western economies along with the world will probably be screwed over by this. With that level of debt and people living beyond there means people's standard of living is going to fall eventually and take with them not only the US but dent the world's economy. Although Aus will be fine with our plentiful supply of natural resources

[Kirkland Laing]

Fed auctions $75 billion to banks to ease credit stresses
Tuesday May 6, 1:27 pm ET
By Jeannine Aversa, AP Economics Writer
Fed auctions $75 billion to banks to ease credit woes, total is $435 billion since December WASHINGTON (AP) -- Battling to relieve stressed credit markets, the Federal Reserve said Tuesday it has provided a total of $435 billion in short-term loans to squeezed banks since December to help them overcome credit problems. The central bank announced the results of its most recent auction -- $75 billion in short-term loans -- the 11th such auction since the program started in December.
It's part of an ongoing effort by the Fed to help ease the credit crunch, which erupted last August, intensified in December and January and took another turn for the worst in March.



Fed auctions $75 billion to banks to ease credit stresses: Financial News - Yahoo! Finance


While the Fed keeps printing money on this scale to deal with the results of Bush's disastrous presidency, oil prices are only going to remain high. If you think gas is expensive now, just wait till the summer.

[Douglas]

While the Fed keeps printing money on this scale to deal with the results of Bush's shitty and pathetic presidency, oil prices are only going to remain high. If you think gas is expensive now, just wait till the summer.

It already IS summer.