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Reply To: Stock Market Continues Crash – How will this effect online gaming?

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#781968
Anonymous
Inactive

Until they start spending the bailout money, it’s gonna be tough. I hear tonight they may use some of the money to buy stock in various banks. The banks can loan out $10 for every $1 in capital they have, so if they took $100 billion and bought preferred stock, the banks could then lend out $1 trillion, which is about 7-8% of US annual GDP

I’ve been buying a few stocks, hoping to trade to make a few $$(not doing well), but i’m still figuring we’ve got till early next year until this starts to look stable. :(

A few things come to mind:
you don’t want to “Catch a falling knife”

Tom Lehrer once sang about leaving college for for adulthood which was
“Sliding down the razor blade of life”
and the last few weeks feel that way.