Where Is The Global Economic Crisis Heading?

This is probabaly the most talked about topic of my week! Everyday at work we talk about:

How the US market faired over night
The latest bank that is in trouble
The possibility of the world going into recession
Will America see another depression
Whether the Australian economy really is as strong as we keep getting told

The global economic crisis seems to be constantly be getting worse and it is going to be interesting to see how far it goes. My dad was telling me on Friday he remembers back in the 1970′s that people were lining up outside the banks to withdraw all their money. That may seem pretty extreme, but with the way the banks are heading – it may not be too far away.

This topic is really interesting me and everyone seems to have their opinion on the global economic crisis – so?

What are your thoughts? And where do you see this heading?

About Thomas Sinfield

Thomas run multiple blogs and is busy testing different strategies and systems to increase profitability and exposure. He is currently working on a new project (yes another blog) that is set to be his most profitable yet.

8 Stand Out Comments!

Shaun Connell

Unfortunately, things would have been fine if not for:
a. the ban on short selling. Wth? The government took out the day trade cushion, making prices act more sporadically.
b. the bailout. everyone’s worried about the inflation crisis now, and whether the spending is causing a mini-bubble bound to burst.

The topic just makes me feel all bitter. :P

Shaun Connells last blog post..Politicians and Your Money

Harish

Hm probably a good question.Its going to be hard for the world to handle this problem.

Harishs last blog post..Is Running A Blogspot Worth It To Make Money Online ?

Donace

I think with the recent moves by the european government and the nationalisation of UK banks should see a small bump in the right section.

Also the interests rates being dropped down to 4.5%
should see mortgage repayments reduced and possibly start to result in > mortgage numbers and therefore house prices start to rise again.

Time will tell…

Donaces last blog post..How to Join avi with AviMux

Adam - Creadiv

I think the US is just in the beginning stages of a huge recession. But we will never be in another depression. I mean I don’t see unemployment going up 20% or anything like that, but money will be tight and unless we can figure out how to starting exporting more and importing less then we will be in for a world of hurt.

Adam – Creadivs last blog post..My Top 5 Ways To Increase Traffic

Ben Moreno

I am pretty sure we won’t go into a depression. I read this article the other day on Fox and this guy said lot of good points.

Things are a lot different these days compared to how they were before. For example, There is FDIC insurance now. This might deter people from running to the banks and withdrawing all their money.

One important thing to remember is that our market is based mostly on faith and attitude. If the media keeps sending out more and more stories about how their is a recession and we could be heading into a depression, etc.

People need to just chill, save some money and keep doing what they are doing. The banks are screwed up yes, but this bailout will help fix them like it has in the past.

Remember, the central banks want this to happen. They have virtually enslaved this country with the current monetary system. If you want to know how then watch The movie: Zeitgeist.

Nick

A bit of a recession maybe, but I don’t see a full-scale economic collapse anytime in the near future. In some senses, I think the current situation might actually be a good thing…check out my latest post :)

Nicks last blog post..The Bright Side Of The Current Economic Situation