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US Economy in CRISIS! (pg. 5)
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| Tunnel Rat |
.....also funny to see the environment completely fall off the map in regards to hot topics in the U.S. election.
Climate change gets trumped by economic change every time. |
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| Bertuzz |
| quote: | Originally posted by ChemEnhanced
and as the US economy crashes....the canadian economy will follow. |
exactly!
If anyone thinks Canada isn't affected, they're dreaming. The US is our largest trading partner. If they suffer, we'll inevitable suffer too...maybe just not right away
The DOW went down 770. How about the TSX losing 840 today??? |
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| slingshot |
| quote: | Originally posted by VDub
My god China is laughing right now....
They have TRILLIONS in US cash stockpiled away.....
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Hmmm, I never knew people laughed and found it funny when the value of their investment deteriorates rapidly. Maybe I should go buy some American dollars right now and laugh as they lose more value each day. |
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| exstasie |
| quote: | Originally posted by Tunnel Rat
.....also funny to see the environment completely fall off the map in regards to hot topics in the U.S. election.
Climate change gets trumped by economic change every time. |
Everyone knows that Global Warming and the whole 'Green' Movement is just a commercial fad. :D
| quote: | Originally posted by slingshot
Hmmm, I never knew people laughed and found it funny when the value of their investment deteriorates rapidly. Maybe I should go buy some American dollars right now and laugh as they lose more value each day. |
I'm pretty sure he's joking, but yes, so very true!
The only thing that anyone can feel safe in is our good old friend Gold!
Also, one thing.
Isn't injecting $700 Billion in the economy going to cause some significant issues?
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| DigiNut |
| quote: | Originally posted by Tunnel Rat
Climate change gets trumped by economic change every time. |
Primarily because economic change isn't a fairy tale. |
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| Sorin.16v |
| quote: | Originally posted by FunkyCrew
lol @ at everyone pulling "I told you so" card :rolleyes: :rolleyes:
honestly guys, STFU, you're not helping |
I still told em so.;) |
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| Endlesswave |
| quote: | Originally posted by DigiNut
Primarily because economic change isn't a fairy tale. |
I love that way of thinking, sure we may not know enough about what exactly is happening but if the planet is warming naturally pumping tons of gas into the atmosphere can't be good can it? Look at Beijing and the smog problems they have (or many larger cities)? Where does that come from if not from cars, transit etc?
And I agree w you w the economic part with the states, let the corporations tank...sucks for me b/c I work for one (and have stock in one) but I'm hoping we won't get shafted. |
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| DigiNut |
| quote: | Originally posted by Endlesswave
I love that way of thinking, sure we may not know enough about what exactly is happening but if the planet is warming naturally pumping tons of gas into the atmosphere can't be good can it? Look at Beijing and the smog problems they have (or many larger cities)? Where does that come from if not from cars, transit etc? |
Smog is another story entirely. That's very real, which is why cars have catalytic converters and have to pass smog tests. But aren't we getting a little off track here? |
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| Endlesswave |
| quote: | Originally posted by DigiNut
Smog is another story entirely. That's very real, which is why cars have catalytic converters and have to pass smog tests. But aren't we getting a little off track here? |
Yeah but I didn't bring up global warming...lol.
From what I've seen credit is HUGE in the FI...people on this side of the pond from what I know rarely save anything. They just are in the red and blow everything to get by (or to buy they don't need). |
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| yankeeBaby |
I actually have to agree with diginut this time around. I think the buy-out will just re-enforce that rich bankers can either:
a. make loads of money based on good judgment
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b. get tax payers/gov't money if they f*ck up their judgments
The long-term effects of a bailout will be much more severe than letting the markets crash and naturally ride the wave. It will hurt the tax-payers pocket in the long run.......while bailing out the rich for THEIR mistakes. They HAVE to learn.
I also agree with digi that when the market has bottomed out, it is the perfect time to buy. I am waiting ;) Patience is always the key in these markets. Panic is not the correct emotion at this time (although the urge is certainly there).
and can we stop with the "stupid americans" comments? its not only NOT helping, but you imply that we are ALL idiots, when in fact there are plenty of informed people here. :rolleyes:
Greed and improper leadership is taking its toll on this country.... and until we have some change, we will continue to fail as a nation which affects myself, family, friends, etc in terms of a crisis.
please dont forget that this is affecting peoples LIVES and simply name-slinging shows a lack of maturity, intelligence, and compassion to the people who are losing homes, life-savings, and jobs. (THREE of my friends have lost (financial) jobs in the market crash thus far, and have no way of paying ridiculous manhattan rent). people are suffering so stop the bull. :rolleyes: |
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| VDub |
| quote: | Originally posted by slingshot
Hmmm, I never knew people laughed and found it funny when the value of their investment deteriorates rapidly. Maybe I should go buy some American dollars right now and laugh as they lose more value each day. |
They're not hording it for investment purposes... |
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| Sly_Guy |
| for the wise investor, there is always money to be made on the markets. The problem is the rest of the economy, higher interest rates, unemployment, expenses up, revenues down, I see troubled times ahead. Get into precious metals people!!!! |
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