Comments on: Sunday Question: Where Is The Global Economic Crisis Heading?

By: Ganesh

Ganesh — Wed, 22 Oct 2008 12:49:32 +0000

It has calmed down a bit here in India. We were badly hit by the crisis in US. Ganeshs last blog post..Sunday Link Love and Updates

By: Downloadic

Downloadic — Sun, 19 Oct 2008 21:18:34 +0000

We feel the crisis hard, too. I live in foreign country.

By: Nick

Nick — Mon, 13 Oct 2008 22:42:10 +0000

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

By: Ben Moreno

Ben Moreno — Sun, 12 Oct 2008 23:42:20 +0000

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.

By: Adam - Creadiv

Adam - Creadiv — Sun, 12 Oct 2008 23:04:01 +0000

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

By: Donace

Donace — Sun, 12 Oct 2008 10:40:38 +0000

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

By: Harish

Harish — Sun, 12 Oct 2008 08:52:01 +0000

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 ?

By: Shaun Connell

Shaun Connell — Sun, 12 Oct 2008 05:51:44 +0000

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