The economy has been hit hard lately, even buying things like groceries are ridiculous. what are your opinions on this or has it affected you at all?
Poll: The Second Depression
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It's pretty bad but I wouldn't say it's a second Depression... It's kind of affected me, this thing I was going to buy from Taiwan is going to cost me a lot more. But otherwise no.
Yes, there's been quite a few, the only reason this one is being so hyped up is that we've had such a long period of growth that people are expecting it to turn around and bite us in the ass. Do I think It can be avoided? Not entirely, but we can do a lot to improve conditions during it, keep it short and maybe limit the chances of more.ioxles said:
Edit: Me and my family are fucked. We'll get through but tough times are ahead. Thank god for libraries.
You guys are the lucky ones, Those in the US are getting hit really hard. An unimaginable number of jobs have been lost and people are even starting to fake their own death to collect insurance money. That's pretty bad. Not to mention in my area (and I bet that the state "loves" this) people are even pulling their kids out of school because no one can afford it. For an average person living with a family of 4 and no state assistance, living paycheck to paycheck is getting harder and harder. At this point, it stands to be called a recession. We're headed toward the second major US depression, that's what I was aiming for.
Gordon Brown, the architect of the current reccession? Sir, you clearly have no understanding of economics. Mr Brown, stolid, ill-tempered and ugly as he may appear, is, by all measures, an economic genius, and has successfully masterminded the longest period of economic growth Britain has had since the second world war.corroded said:
Your argument that he caused the current crisis is rather like me saying: "Well, FDR was the President of the USA in 1939 so he caused the second world war." As any informed person knows, this began with the financial collapse of the American banking system, created by irresponsible fiscal policies by the American government and financial instiutions (commerical banks, mortgages etc). This naturally spread to Jolly old England, as banks are in essence interdependant instituions, and is having a severe effect on our economy. However, unlike in America, Mr Brown has acted to preserve our financial institutions from ruin (and thus the public at large) by spending public money, and beginning the process of staving off the worst effects of this.
Reccessions always happen. They are an inevitable product of a captialist society, and to place the blame upon a man who has done his utmost to control the damage inflicted by it is both ingracious and stupid. To expect the state to have prevented this calamity is rather like expecting them to prevent a tidal wave or a hurricane- impossible. What should be expected, and what is being done, is that the government act expediently and correctly to minimse the effects of the deppression upon the nation. In this, Mr Brown has acted well.
Despite the man's utter lack of charisma, he wins kudos for this.
Im depresed all the time so I don't think I will feel this to much... gues I won't be able to buy as much clothes, games and candy as before but I don't really care. but, yeah we are on the highway to the second depression followed by World war 3 and then RAGNAROCK!*
*DoooooooM!
*DoooooooM!
Things sure are fucked for the economy, thanks to the economical crisis i cant get a job cause no company can afford to hire more people, that and there have been over 100.000 cuts here in under 2 months, meaning the job market is totally fucked as well.
So thanks to the stockmarket crashing and the economy dying i am pretty much forced to just walk around and wait it out, which is kinda hard seeing as i have no money left :/
So yes, it has affected me in a very big way.
So thanks to the stockmarket crashing and the economy dying i am pretty much forced to just walk around and wait it out, which is kinda hard seeing as i have no money left :/
So yes, it has affected me in a very big way.
It's called Ragnarok, it's Norse mythology. Not all men die, one man and woman survive, while hiding in the Yggdrasil, the Tree of Life. [/quote]Abedeus said:
Don't lecture me... I know very well about all that has to do about this theme. well... I didn't know the english word for "nordisk" but apart from that I know most of it ^^ I love this stuff, and they don't hide in Yggrdasil witch is the tree of the world not the tree of life, but they hide in a cave... and they have a cow with them!
and Im sorry i wrote Ragnarok wrong, stupid mistake from my part!If you want to pretend to know something, better make sure you do know it.[/quote]
Well no-one knows yet obviously. I think it's a serious possibility. If government's intervention actually works it may pull us out of a recession.
However, I view this recession as more of a correction. We had growth based on bad borrowing. The economy is just responding to realisation that the banks took too much risk and it all collapsed in on them. All of that false value by selling dubious debt as triple A rated investments is now showing its true nature.
Of course this is compounded by the fact that recession begets further recession.
However, I view this recession as more of a correction. We had growth based on bad borrowing. The economy is just responding to realisation that the banks took too much risk and it all collapsed in on them. All of that false value by selling dubious debt as triple A rated investments is now showing its true nature.
Of course this is compounded by the fact that recession begets further recession.
A friend of mine got cut from the city council (UK) IT dept. I mean the city council! Even they've been hit, it's scary.
Tree of Life, Tree of World. It actually just means "Odin's house".Renamedsin said:Abedeus said:
Don't lecture me... I know very well about all that has to do about this theme. well... I didn't know the english word for "nordisk" but apart from that I know most of it ^^ I love this stuff, and they don't hide in Yggrdasil witch is the tree of the world not the tree of life, but they hide in a cave... and they have a cow with them!
You sure they have hidden in a cave? I just checked they seeked rescue in the "wood Hoddmímis holt". To quote from wiki:
So in theory, it might be Yggdrasil after all.
If ANYONE here thinks this current Recession is anything close to the Depression after the crash of 1929 you have some history books to go read. Seriously now, the Depression was beyond anything anyone has seen for over 80 years. Just ask any old person who lived through that shit. People were literally starving in the US. In 1933 the US had an unemployment rate of 24.9%. That is unheard of these days. Right now the US is around 7.2% in 2009. You all really have no idea what a real depression is. We have never had another Depression since the crash of 1929.
Sure things are bad from our perspective. This is the worse our generations have had it. The rescission of the 1970's was pretty bad but most of us were either kids or not born yet. Things will get worse before they get better, but they will get better. We are not heading into another Depression like the one during the 30's.
Sure things are bad from our perspective. This is the worse our generations have had it. The rescission of the 1970's was pretty bad but most of us were either kids or not born yet. Things will get worse before they get better, but they will get better. We are not heading into another Depression like the one during the 30's.
Before or after the Depression of the 1930's? Before? I am sure some Depression hit some where, but not in modern times. After? No there has not.ioxles said:
Huh...I just realized that all of the choices in your are basically answering "yes," even when they say "no." Clever. While I believe this is A depression, it won't be nearly as bad as THE depression.