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#191205 - 10/07/08 12:46 AM They're Not Jumping Out of Office Windows, Yet - But...
Jeannieb43 Offline
Princess of Pasadena

Registered: 12/29/01
Posts: 2591
Loc: California
Another casualty of this financial depression:

A 45-year-old man, a financial expert holding an MBA degree, who formerly worked for Price Waterhouse and maybe Sony Pictures, but who had now been unemployed for several months, took his own life and that of five other family members last night in their home in Porter Ranch, a suburb of Los Angeles. His suicide note indicated the reason was that he had no means to support his family.

http://cbs2.com/breakingnewsalerts/Porter.Ranch.Murder.2.833728.html


Edited by Jeannieb43 (10/07/08 02:52 AM)
Edit Reason: corrected age
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Jeannie


...Change is inevitable; growth is optional....

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#191209 - 10/07/08 01:10 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Jeannieb43]
jasd Offline


Registered: 02/16/05
Posts: 1691
Loc: Oregon
>>They're Not Jumping Out of Office Windows, Yet -<<

Nah, anyone high enough to do damage to his or her self by jumping out a window - has a 'parachute' :-(

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#191222 - 10/07/08 03:08 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: jasd]
Shane Offline
Administrator of Foro Adventista

Registered: 02/02/02
Posts: 17020
Loc: Rio Grande Valley, Texas
The people that poured their money into the stock market during the Great Depression became super rich after wards. The market survived the Great Depression and it will survive this. I do not want to encourage anyone to put money in the market they cannot afford to lose but anyone that has money to invest, now is a good time to buy stocks in good companies.
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Link > Shane's Page - update in progress

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#191225 - 10/07/08 03:19 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Shane]
Shane Offline
Administrator of Foro Adventista

Registered: 02/02/02
Posts: 17020
Loc: Rio Grande Valley, Texas
I just checked my portfolio. I am down 15.5% which is almost double from what I was down a couple weeks ago. But... today was a bad day on the market.
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I reserve the humble right to be wrong.

Link > Shane's Page - update in progress

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#191241 - 10/07/08 05:20 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Shane]
Amelia Administrator Offline
Here Forever, by Request :)

Registered: 07/30/01
Posts: 18479
Loc: Out standing in a field
I'm not even looking at mine for the rest of the year.
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"Earth - insane asylum for the universe." - Maxine

" Do not love the world or anything in the world. If anyone loves the world, the love of the Father is not in him..."1 John 2:15-16

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#191397 - 10/08/08 01:23 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Jeannieb43]
carolaa Offline


Registered: 03/22/05
Posts: 1681
Loc: Texas
Yeah, I read that story and it made me mad. What an idiot and self centered, poor excuse for a human being to kill your whole family. I can't imagine what kind of financial troubles would make a person go to that extreme. I mean, it looked like 2 of the sons were old enough to have part-time jobs. If both parents also worked while the mother-in-law watched the other kids, they should be able to get beyond whatever they were dealing with. But to just kill them all in cold blood. Good thing he killed himself, is all I can say. Coward.

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#191467 - 10/08/08 07:56 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Shane]
melvin mccarty Online   content


Registered: 05/18/02
Posts: 647
Loc: B,C.
Well I was there in the 1930s. You may be right that some people profited from that terrible time but then some people win from lotteries also. For everyone that wins in these deals someone else loses. If you want a sure thing just be a broker! mel

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#191469 - 10/08/08 08:18 AM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: carolaa]
John317 Online   content


Registered: 11/13/05
Posts: 10453
Loc: CA


I think people who do that are just thinking of themselves and of their pride and of the fact that they won't be able to live any more in the same high style. They just think of life as a time to have fun, and when the fun is over, they only think of ending it all. I used to think that way, before I became a Christian. I wanted to die when I was really young, when life was still exciting and fun. Now I see life more from the perspective of service to those for whom Christ died and who are having a hard time in life.

I feel sorry for people like that family. I wonder if someone took the time to study with them about Christ's love and the Judgment and the Second Coming.

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#191498 - 10/08/08 01:23 PM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: John317]
fccool Online   content


Registered: 01/16/08
Posts: 885
Loc: Iowa
I think it's more than that. It's a disconnect with reality. I don't think they are living in a real world, so when their illusionary world tumbles or having trouble... they likewise seek self destruction... because they are heavily depend on that world. What would stock brokers do if the stock market to shut down? What would financial analysts do, when there's nothing to analyze?

I know you might think it's ludicrous to think that a PHD might be out of job. But I've observed many PHDs lining up to trade junk in the flea market just to get food when USSR came down. There simply was no more place for them in the new society. The rules are about to change. People will have to save, there will not be anymore cheap credit as the world will not pay the deficiency anymore. Brazil and Bolivia have just dropped their dependency on the Dollar. Many countries will follow as they see their investments devalue as Bernanke dropping dollars out of the helicopter trying to put out debt fires with more debt.

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#191513 - 10/08/08 04:50 PM Re: They're Not Jumping Out of Office Windows, Yet - But... [Re: Jeannieb43]
rudywoofs Offline
stumbling to the cross

Registered: 07/16/05
Posts: 2094
Loc: in the mists of time
Do any of you know what it's like to not be able to get a job because you are "over-qualified"? People won't hire you because they want someone who will be there long-term. Potential employers see over-qualifications as a liability because the prospective employee *could* use a job as a quick stepping stone to another higher paying job, when in actuality, the prospective employee would just be happy to have a job - any job.

Most out-of-work over-qualified people I know are having a very difficult time making ends meet. Savings only go so far when you have a mortgage to make. And you can only sell so many things on ebay. And these people are not living in high-class fancy housing either. And they are on food stamps because they have NO INCOME.

Don't judge what someone else does or doesn't do until you've walked a mile in their moccasins.
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Pam



There is never panic in heaven.
~ Corrie ten Boom ~


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