Financial Crises Over
Oct 8th 2009, 5:21 am
#31
Recession Surfing 2006 ->
Joined: Sep 2007
Location: Northern Edge of Melbourne
Posts: 1,254
Re: Financial Crises Over
Why should I hang on? Just because my opinion is not popular, uplifting or blinkered does not mean it is wrong. I understand what you are saying but the need for essential items makes no difference if people can not afford to buy them. Third world countries also need the basic essentials but if you cannot pay for them you don't get them simple as.
The need for Items makes all the difference.
Oct 8th 2009, 5:27 am
#32
Joined: Jun 2006
Posts: 4,555
Re: Financial Crises Over
The freeze in the debt markets is over and banks are starting to trust each other. Unemployment in Australia is steady but the high dollar is affecting exporters. Makes life cheap for importers.
This is a new world and debt is still expensive, government is bailing out property funds to hold property prices and government deficits are enourmous. Better this than the panic this time last year though. Crisis maybe over but boom times should not be around the corner as there is a lot of debt to be repaid.
This is a new world and debt is still expensive, government is bailing out property funds to hold property prices and government deficits are enourmous. Better this than the panic this time last year though. Crisis maybe over but boom times should not be around the corner as there is a lot of debt to be repaid.
Oct 8th 2009, 5:50 am
#33
Forum Regular
Joined: May 2008
Posts: 172
Re: Financial Crises Over
If the American econony crashes like I believe it will then the effects will spread the world over! People will always need essentials but the problem is the economy is much much bigger than esssential items, electrical items, designer labels, new cars are not essential items and all these products are based on consumer confidence. If the American economy did indeed collapse then it will affect everyone the world over because the economy is linked globally and even if it wasn't the confidence of the people will ensure the collapse of the non essential economy.
Oct 8th 2009, 6:04 am
#34
Forum Regular
Joined: May 2008
Posts: 172
Re: Financial Crises Over
The freeze in the debt markets is over and banks are starting to trust each other. Unemployment in Australia is steady but the high dollar is affecting exporters. Makes life cheap for importers.
This is a new world and debt is still expensive, government is bailing out property funds to hold property prices and government deficits are enourmous. Better this than the panic this time last year though. Crisis maybe over but boom times should not be around the corner as there is a lot of debt to be repaid.
This is a new world and debt is still expensive, government is bailing out property funds to hold property prices and government deficits are enourmous. Better this than the panic this time last year though. Crisis maybe over but boom times should not be around the corner as there is a lot of debt to be repaid.
Oct 8th 2009, 6:11 am
#35
Forum Regular
Joined: May 2008
Posts: 172
Re: Financial Crises Over
Things like this are indicators that not everyone has the same level of confidence that the crisis is over.
http://money.cnn.com/2009/09/10/news...ales/index.htm
http://money.cnn.com/2009/09/10/news...ales/index.htm
Oct 8th 2009, 6:12 am
#37
Guest
Posts: n/a
Re: Financial Crises Over
Things like this are indicators that not everyone has the same level of confidence that the crisis is over.
http://money.cnn.com/2009/09/10/news...ales/index.htm
http://money.cnn.com/2009/09/10/news...ales/index.htm
Oct 8th 2009, 6:17 am
#40
Forum Regular
Joined: May 2008
Posts: 172
Re: Financial Crises Over
Maybe but if you know what is about to happen and you are smart you start selling way before the crap hits the fan.
1) So as not to draw attention to yourself
2) So people like yourself see no link and believe its just another coincidence.
1) So as not to draw attention to yourself
2) So people like yourself see no link and believe its just another coincidence.
Oct 8th 2009, 6:42 am
#41
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Financial Crises Over
If the American econony crashes like I believe it will then the effects will spread the world over! People will always need essentials but the problem is the economy is much much bigger than esssential items, electrical items, designer labels, new cars are not essential items and all these products are based on consumer confidence. If the American economy did indeed collapse then it will affect everyone the world over because the economy is linked globally and even if it wasn't the confidence of the people will ensure the collapse of the non essential economy.
Could be that we are in a unique position and seeing a collapse in a superpower that hasn't been seen since the fall of Rome. Luckily instead of chaos and nothing to fill the void, we have another major emerging superpower to take over the reigns, in China.
Apparently at current rates it's less than 6 years now before the Chinese have a larger financial base than the US. Hopefully the transition is as smooth as possible.
Oct 8th 2009, 6:54 am
#43
Recession Surfing 2006 ->
Joined: Sep 2007
Location: Northern Edge of Melbourne
Posts: 1,254
Re: Financial Crises Over
easty mate define collapse of the American economy not being smart before I answer I want to know what we are really getting into.
Oct 8th 2009, 6:59 am
#45
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: Financial Crises Over
My own instincts tell me that something is coming that will make the recent crisis look like a picnic in the park. As someone mentioned people are still listening to the people who never saw the last several months events coming!
I believe something will happen in America very soon on a financial scale never seen before that will affect every country in the world, stocks will crumble and people will lose savings. Countries are pulling out of using US dollars to trade oil and there is a reason for this.
I believe something will happen in America very soon on a financial scale never seen before that will affect every country in the world, stocks will crumble and people will lose savings. Countries are pulling out of using US dollars to trade oil and there is a reason for this.
