#1
Thoughts? Predictions?

Is it a real threat, or maybe something being used in favor of the upcoming elections? What would it do to the music industry?

BTW I asked about it in the political thread but no answer and I searched, also.
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#3
Quote by freedoms_stain
If it wasn't real why would Bush be throwing money at the problem?


Maybe its being over played.
We're only strays.
#4
Quote by freedoms_stain
If it wasn't real why would Bush be throwing money at the problem?



cos hes a prat
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#5
it has the potential to be pretty bad, though it's really not as bad as the media is making it out to be.
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#6
Yes it is a real threat. We are already well into it in Mi. They start and end here. Gonna be 5-10 years of bs. And yes the music industry will suffer.
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#7
Quote by Martyr's Prayer
Maybe its being over played.

What would Bush have to gain from that though?

It's obviously a real possibility, but not an inevitability.
#8
I'm pretty sure we will go into one, but we will go out of it sometime around or after election day.
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#9
Quote by Jackal58
Yes it is a real threat. We are already well into it in Mi. They start and end here. Gonna be 5-10 years of bs. And yes the music industry will suffer.


Well whats it like, then?
We're only strays.
#10
i am a political science major at penn state university and the only thing we have really been talking about in recent times is the sub-prime loans and what is going to be done. it is a problem no matter what action we take: if we help those in need with government aid then what will stop other people from such purchases if they know the government will just bail them out. if we dont send government aid the problem will possibly get worse and economy will suffer more.
so what im saying is we're screwed either way

ps. my best friend is a financial junoir analyst and he said that the figures he has been getting says the housing market will be going down for the next two years. which im sorry to say is great news for people like me that are graduating college soon and want to buy their first house
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Last edited by nrc141 at Mar 19, 2008,
#11
The economy round the world is like a super tanker, oil can spill but it will always keep going.

My history teacher said 'when the USA sneezes the world catches a cold.'


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#12
Quote by hugh20
My history teacher said 'when the USA sneezes the world catches a cold.'


sorry but your history teacher is WAY wrong in many aspects
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#13
While the US economy is in a recession (even though most officials will not say so) there are some places like China that are having booming economy. The Us recession is mostly our fault for out sourcing and think that we can borrow oney form everyone and not pay them back.
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#14
Quote by nrc141
sorry but your history teacher is WAY wrong in many aspects

Yeah, you should see the value of the pound.
#15
What do you mean alleged and upcoming? It's already taking place, but hopefully it won't get much worse, either in the UK or the US, although it almost certainly will.
#16
Quote by flyerfan834
While the US economy is in a recession (even though most officials will not say so) there are some places like China that are having booming economy. The Us recession is mostly our fault for out sourcing and think that we can borrow oney form everyone and not pay them back.


Yeah an economy based on infinite growth and debt that never gets paid off is really, REALLY retarded. I dunno who came up with it but they're idiots.
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#17
Quote by SmarterChild
What do you mean alleged and upcoming? It's already taking place, but hopefully it won't get much worse, either in the UK or the US, although it almost certainly will.


Well I've just been hearing it said on the news here and there, this is the first time I've really taken interest in it.
We're only strays.
#18
Personally, I'm waiting for the economy to collapse. That way, everything will be free and I can finally get that Telecaster I wanted
#19
well we can't say it doesn't exists, it's already claimed Northern Rock


tbh it's the capitalists in wallstreet that have f*cked us all over

selling on mortgages to other people?

that's what we call being a totall arse

they obviously didn't think maybe charging interest on something which already has interest may make it difficult for certain people to pay off said mortgage

capitalism is so doomed to failure, it took Hitler to save it once now what's going to stop the inevitable?
#20
Quote by imthehitcher
well we can't say it doesn't exists, it's already claimed Northern Rock


tbh it's the capitalists in wallstreet that have f*cked us all over

selling on mortgages to other people?

that's what we call being a totall arse

they obviously didn't think maybe charging interest on something which already has interest may make it difficult for certain people to pay off said mortgage

capitalism is so doomed to failure, it took Hitler to save it once now what's going to stop the inevitable?

China.
#21
Quote by Martyr's Prayer
Yeah an economy based on infinite growth and debt that never gets paid off is really, REALLY retarded. I dunno who came up with it but they're idiots.


It is dumb. I mean its like borrowing money from a bank and going to them later and saying i dont feel like paying it today. How bout giving me more money?
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#22
Quote by freedoms_stain
China.



China can't be expected to kick start the worlds economy, they use this situation to strengthen ther position through huge loans as well as encouraging Chinese business to buy foreign companies

also i hate this misconception that China is actually capitalist, state control of business= fundamental socialism , they have simply adopted competition into that idea
#23
We're already in recession. The media keeps saying it hasn't happened yet simply to scare us.

Something impending is scarier than something that's already happened.
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#24
Quote by imthehitcher
China can't be expected to kick start the worlds economy, they use this situation to strengthen ther position through huge loans as well as encouraging Chinese business to buy foreign companies

also i hate this misconception that China is actually capitalist, state control of business= fundamental socialism , they have simply adopted competition into that idea

I meant trash the world with war actually, in a Hitler-esque manner.

China have some fancy long winded way of calling themselves "fake capitalists"
#25
The government took a risk of using monetary policies to lower the interest rate in order to increase economic aggregate demand. The risk is that the inflation right now is cost driven by gasoline, so aggregate supply might decrease even farther. Combined with the decrease in aggregate supply, an increase in aggregate demand will not only not increase GDP, but will also drive up the price index alarmingly high, which will cause much worse inflation than now. The reward for this risk is that if successful, the lower interest rate will help everyone become more confident in the economy and not take out all of their money in the bank and hopefully aggregate supply won't decrease.

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#26
Quote by freedoms_stain
I meant trash the world with war actually, in a Hitler-esque manner.

China have some fancy long winded way of calling themselves "fake capitalists"



well to be honest the Right-wing conservatives and capitalists across the world should worship Adolf, he saved capitalism from total meltdown,

modern history likes to over look these things but in most of the world there were huge Communist movements which were crushed by the fascists brutally (and were allowed by the elite conservative forces of the imperial powers)

France, Italy, Spain, Britain, Eire, most of south America and even the US had huge communist parties that were extremely influential

as well as the fact the total war economy kick started industry and the economies, i mean for most of the 30s all of the western world was practically starving

whilst most of the USSR was in relative luxury


but yea your right China will be licking their lips and the situation and will pretty much be the 'empire' of the 21st century
#28
Quote by freedoms_stain
Man the future is scary.


No one can know the future, theres a million different things that could happen. Theres no way to possibly know. Still, to think that you're going to live a full life in a generally change free utopia with all of the luxury and comforts that we hold so tight, without any kind of major hardships is quite the fantasy. This is planet Earth, not planet you lol.
We're only strays.
#29
tbh the past os scarier than the future

i mean come on there's been recessions before, and much worse
#30
Quote by Martyr's Prayer
No one can know the future, theres a million different things that could happen. Theres no way to possibly know. Still, to think that you're going to live a full life in a generally change free utopia with all of the luxury and comforts that we hold so tight, without any kind of major hardships is quite the fantasy. This is planet Earth, not planet you lol.

It's the not knowing that kills you.

And there is far more than just economic pressures on us that make the future scary. FAR more.
#31
It depends on what you call a recession - some people just call a decrease in economic growth a recession, others (like me) would say it's only a recession if there is negative growth.

When I last checked, the U.S. wasn't quite into negative growth yet.

Tbh, I reckon it wont go negative, and if it does, it won't be for long.

Still one hell of a downturn though!
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