Yes, according to the highly intelligent right-winger party here, the crisis is a result of president Bush and his socialist policies...
Re: What is exactly causing the current worldwide depression?
Yes, according to the highly intelligent right-winger party here, the crisis is a result of president Bush and his socialist policies...
Still maintain that crying on the pitch should warrant a 3 match ban
Re: What is exactly causing the current worldwide depression?
The original financial crisis was for real - the following overall economic crisis is largely based on psychological ripple effects, i.e. everybody (companies and private households) is afraid that things might turn out really bad and therefore refrains from making any spendings that are not absolutely necessary right now to beon the safe side (e.g., private households will postpone investments for a new car or TV for 1-2 years, companies will not buy machinery, build new plants or will hold back R&D investments).
This "holding back" is currently leading to a very real and sharp economic downturn.
If you have enough cash right now and don't have any reasons to worry about incoming cash (e.g. because your job is absolutely secure and will not be affected by a downturn), now might be a very good time to spend money on a new car or new furniture as you are very likely to get some nice discounts.
Last edited by Ser Clegane; 11-09-2008 at 23:07.
Re: What is exactly causing the current worldwide depression?
Bush
There, but for the grace of God, goes John Bradford
My aim, then, was to whip the rebels, to humble their pride, to follow them to their inmost recesses, and make them fear and dread us. Fear is the beginning of wisdom.
I am tired and sick of war. Its glory is all moonshine. It is only those who have neither fired a shot nor heard the shrieks and groans of the wounded who cry aloud for blood, for vengeance, for desolation.
Re: What is exactly causing the current worldwide depression?
Worldwide depression?
Stop being such economic girlie-men.
It is better to conquer yourself than to win a thousand battles. Then, the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.
Re: What is exactly causing the current worldwide depression?
Americans who take credits while are absolutely undable to pay it.
And banks who are giving such a credits.
John Thomas Gross - liar who want put on Poles responsibility for impassivity of American Jews during holocaust
Re: What is exactly causing the current worldwide depression?
Originally Posted by seireikhaan
Stop being such economic girlie-men.
I can't say that I experience any depression right now.
All I know is that the interest rate on my mortgage is sinking due to a sinking value in the money market.
The oil still needs pumped out of the sea bed and I am in Maintenance. No worries yet.
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