Page 5 of 5 FirstFirst ... 345
Results 81 to 86 of 86

Thread: Economy

  1. #81
    Senior Member
    Join Date
    Jun 2019
    Posts
    105
    vCash
    3000
    Quote Originally Posted by TALL DAWG View Post
    Different subject:
    When do folks make a run on their bank $?
    If the Dow Jones goes to 14-15k...which would be
    a drop of 50+%....would that trigger it?

    I?m thinking about pulling $15k out Monday to
    have some on hand just in case.
    I'm just curious but what good do you think cash money would be if things just completely blow up? I've always thought you better have something worth bargaining with and paper isn't it haha.

  2. #82
    Senior Member
    Join Date
    Feb 2016
    Location
    Madison, Alabama
    Posts
    15,694
    vCash
    1886332
    Quote Originally Posted by Bothrops View Post
    That new panic center off HCPW in Ridgeland couldn't have opened in a better, or worse time.
    Did the Costco finally get built and open?

  3. #83
    General Public Political Hack's Avatar
    Join Date
    Apr 2013
    Location
    General Public
    Posts
    17,284
    vCash
    7178
    [QUOTE=MrKotter;1237526]Oh good, another panic thread[/QUOTE

    In some cultures they're forbidden to talk about bad things out of fear that it will bring them. Therefore they don't plan for bad things and are unprepared when it happens. Maybe we should all take that approach. Seems to be working out well.

  4. #84
    General Public Political Hack's Avatar
    Join Date
    Apr 2013
    Location
    General Public
    Posts
    17,284
    vCash
    7178
    Quote Originally Posted by Maverick View Post
    I'm just curious but what good do you think cash money would be if things just completely blow up? I've always thought you better have something worth bargaining with and paper isn't it haha.
    Money should be spent for things that you can buy and keep for value when the economy returns. Commodities would be trade/barter most likely. I'd love to see how markets are restablished once things settle down. Hopefully we won't get to witness the desecration of a complete economy and get to watch it be reborn, but if we do it's going to be one hell of a ride.

  5. #85
    Senior Member
    Join Date
    Aug 2013
    Posts
    9,923
    vCash
    3200
    Quote Originally Posted by RocketDawg View Post
    Did the Costco finally get built and open?
    Yeah, the day it opened was the very first day everyone went apeshit to get out and buy toiletries.

  6. #86
    Senior Member
    Join Date
    Jan 2020
    Location
    DFW Area
    Posts
    574
    vCash
    3000
    Quote Originally Posted by TALL DAWG View Post
    Different subject:
    When do folks make a run on their bank $?
    If the Dow Jones goes to 14-15k...which would be
    a drop of 50+%....would that trigger it?

    I?m thinking about pulling $15k out Monday to
    have some on hand just in case.
    There?s absolutely no reason to worry about your money unless you have more than $250K in the bank. The government will protect that money before they protect anything. I?ve lived through panics before and know full well how they can spread, but I?m not worried about this. I just shake my head every time I see a line at a bank.

    Having said that, if you thought your bank could go under, it probably wouldn?t hurt to have some cash on hand to make it through the weekend while the bank is closed for reorganization. But hell, a thunderstorm could knock out power for days to your town, so it?s still a good idea to have a little cash on hand.
    There's someone in my head but its not me.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer: Elitedawgs is a privately owned and operated forum that is managed by alumni of Mississippi State University. This website is in no way affiliated with the Mississippi State University, The Southeastern Conference (SEC) or the National Collegiate Athletic Association (NCAA). The views and opinions expressed herein are strictly those of the post author and may not reflect the views of other members of this forum or elitedawgs.com. The interactive nature of the elitedawgs.com forums makes it impossible for elitedawgs.com to assume responsibility for any of the content posted at this site. Ideas, thoughts, suggestion, comments, opinions, advice and observations made by participants at elitedawgs.com are not endorsed by elitedawgs.com
Elitedawgs: A Mississippi State Fan Forum, Mississippi State Football, Mississippi State Basketball, Mississippi State Baseball, Mississippi State Athletics. Mississippi State message board.