Yakuza
Avatar Aang
I've Got A Restrainin' Order Against Satan's Daughter
Posts: 1,143
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Post by Yakuza on Sept 29, 2008 22:01:11 GMT -5
Jeez I called that Bush thing to a T didnt I?
I suppose the reason we do love calling it the "Second Great Depression" is because its an ego boost to call it. Everyone wants to be someone that much more important without lifting a finger. If there was a SGD, some economist who no one has ever heard of will come forward and provide a 9001 page essay about how he predicted this would happen years in advance.
Its the same reason we love calling the cops on a parent we think is abusing their spouse/child. We just like that ego trip.
The economy is supposed to cycle through recessions and expansions, but we just dont like how far this one has gone. And since the days are getting closer to the end of the Bush "legacy", we think we will be freed of this depression, and we just very well be. There are so many crutches in place to keep the economy from falling back into a depression.
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Post by zukofan22 on Sept 30, 2008 8:21:55 GMT -5
Yeah, I can understand why we like the ego trip...but what's the point of an ego trip if we're...just making a big deal out of nothing?
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Post by Gran Gran on Sept 30, 2008 12:18:52 GMT -5
Yeah, I can understand why we like the ego trip...but what's the point of an ego trip if we're...just making a big deal out of nothing? That would have to be a separate discussion! Economics, particular the current crisis we are in right now is the subject. Of course the pessimists predict if it is not solved (OK, probably not solved but the buy out approved, ordinary things like using the ATM or even getting a pay check could be in jeopardy, not even thinking about getting a loan for anything!
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Yakuza
Avatar Aang
I've Got A Restrainin' Order Against Satan's Daughter
Posts: 1,143
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Post by Yakuza on Oct 2, 2008 21:01:59 GMT -5
It appears that other countries are blaming us for global economic collapse.
Discuss.
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Post by zukofan22 on Oct 3, 2008 15:44:26 GMT -5
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Post by chaobender482 on Oct 6, 2008 13:55:09 GMT -5
It appears that other countries are blaming us for global economic collapse. Discuss. Well so far we are on the tipping point of the stock market at the moment, It seems we are on something that can push the -900 mark if this selling keeps up, apparently the bailout may not be enough to keep the stock market afloat, and well I guess that is one thing we are seeing from this.
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asian malaysian
Avatar Kyoshi
Let me hear you say this ship is bananas! B-A-NA-N-A-S!
Posts: 1,308
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Post by asian malaysian on Oct 7, 2008 20:16:02 GMT -5
We are experiencing a global stock market drop as a result of the lack of confidence in the bail out measure. Today's markets are strongly inter-linked and once the ball gets rolling, its very hard to stop the slide.
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