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Economic Crisis
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1.       yilgun-7
1326 posts
 20 Sep 2008 Sat 03:10 am

Economic-financial crisis is coming.

America is in a recession.

Economic trouble has spread far beyond the USA to major countries in Europe and Asia.

Some business companies and banks are going  bankrupt.

 

2.       lady in red
6947 posts
 20 Sep 2008 Sat 07:05 pm

 

Quoting yilgun-7

Economic-financial crisis is coming.

America is in a recession.

Economic trouble has spread far beyond the USA to major countries in Europe and Asia.

Some business companies and banks are going  bankrupt.

 

Yes, you are right, the whole civilised world is aware of this - it is on televison 24 hours a day at the moment and reported in every newspaper you pick up and now we can read about it on TC as well.

3.       WarTrain
325 posts
 21 Sep 2008 Sun 05:57 pm

Well we have ridden recessions before, and we will get through this again.  I feel no sympathy for the greedy young city folk (on both sides of the Atlantic) who have been gambling through their cocaine filled noses, with money that did not exist, and making millions of pounds from the back of it.  As for the founders of those prestigious banks?  I am sure they are turning in their graves at the activities of their institutions over the past few decades.  Would YOU gamble with ten times more money than you actually had?

 

Well done to the US government for refusing to bail them out this time.

 

The stupidity of those financial institutions will affect us all for years - maybe we will have higher bills and less public spending for a while, but they are in debt by billions and have lost their executive houses and flashy cars - and I can´t help but smile!

4.       yilgun-7
1326 posts
 21 Sep 2008 Sun 11:56 pm

Bad times also goes away 

5.       yilgun-7
1326 posts
 05 Oct 2008 Sun 10:52 pm

October 2008:

Economic Crisis (Financial crisis) in the U.S.

The new hard times in the U.S.

An economic collapse.

USA Dollar 850 billion financial bail-out plan ( An economic resque package) finalized.

Congressional leaders and the White House agreed Sunday to a $850 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration.

The biggest U.S. bailout in history won the tentative support of both presidential candidates.

Will the bail-out work?

They ask : World on the edge?No!

A new age of global capitalism starts now.

And a presidential debate in the U.S. 

A struggle between Mr.Barack Obama and John McCain.

Mr.Cool vs. Mr.Hot.

The presidential candidates see the world very differently.

Mr. Obama will win the election?

What will happen to the world economy?

We´ll see it.

6.       MrX67
2540 posts
 06 Oct 2008 Mon 06:18 pm

nothing will not  change on world unless riches and capitalists never learned value of sharing....

7.       libralady
5152 posts
 06 Oct 2008 Mon 09:17 pm

 

Quoting MrX67

nothing will not  change on world unless riches and capitalists never learned value of sharing....

 

 I think a more fundamental answer is "don´t have what you can´t afford" and that does not mean don´t borrow, but only borrow what you can realistically afford to pay back.

 

Icelands financial industry has today collapsed!  The country borrowed five times what it´s economy was worth.  Sounds like a good plan!

8.       MrX67
2540 posts
 06 Oct 2008 Mon 10:47 pm

thats the sad side humans creating monster economies then trying to don´t be food of this monster,such a big shame of who responsible on that and who using to innocent crowdeds as a victim...For a healthy economical system matter is not the how big of it,i think main is how its sharing....

9.       Elisabeth
5732 posts
 07 Oct 2008 Tue 12:09 am

This isn´t the first time we have had a recession and it won´t be the last....why are people so shocked?  So many companies/people have been excessively greedy for so long....its hard to imagine that it took this long!  Wasn´t it dear old Mom who said, "never live beyond your means?" Best piece of advice I ever got!

10.       lady in red
6947 posts
 07 Oct 2008 Tue 10:40 am

 

Quoting Elisabeth

  Wasn´t it dear old Mom who said, "never live beyond your means?" Best piece of advice I ever got!

 

 .....or -

 

"Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

 

Wilkins Micawber (David Copperfield by Charles Dickens)

(Translation into new money! £20, £19.98p/£20, £20.02p)!

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