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Old 09-19-2008, 08:08 AM   #1
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US Economic Downturn 9/08




Ever since the crash of American International Group (AIG); the world's largest insurance agency and a world market mainstay; and the Lehman Brothers Holdings Inc.; the 4th largest US investment bank; issue of bankruptcy, Wall Street has fallen to it's worst in recent years.....

With shares of AIG plummeting, and stocks on the Dow Jones and Nasdaq fell several hundred points, which is making its way towards a Bear Market, and gearing towards a deeper recession.

Efforts to recuperate the market immediately have failed,
as Banks are scared to lend to one another, causing further damage
to both domestic and multinational markets.

The government needs to step in, and provide a stable patch towards the situation in terms of bonds and fiscal insurance packages, and investigate into the lending books of both the AIG and Multinational Banks.

US citizens are already experiencing severe loss of revenue, and income in terms of financial status for the last 8 years, these turn of events won't make it any easier in the long run, as big time companies we rely on, fall nearly every other FS quarter.

Now how is this affecting the world?

Since the US economy is in recession or will experience one soon, purchasing power of US citizens have decreased and hence imports
from US too will decrease.

US imports about 50% of its total imports from Asia itself.
Hence this would have a great impact on Asian economies mostly China and India. Also the dollar is on decreasing spree rendering exporters less profit than earlier.

With lesser profits and lesser exports they too are going to face huge losses. Although the local governments tries their best to keep the
dollar in control so that it doesnít have much impact on exports or imports in that country, they canít go beyond a certain limit as then they would have problems like inflation in their country as there are already going in India due to world inflation.

Their inflation rate is as high as 8% for this month.

A weaker dollar has benefited several countries, but for US dollar investors
heading into a foriegn country (such as Marvman) it limits our purchasing ability in terms of buying real estate, and acquiring material for domestic imports. A weaker dollar gives us a lower exchange rate for converting to native monetary values.

In ragards to the upcoming Holiday season which kicks into effect 2 months from now. The purchasing power of consumers around the world
will be severly limited. As the world economy hits an all time low.

Companies, and employees in the private sector
in terms of "Christmas Bonuses"/ "13 month"/ "Annuals"
will most likely not appear.
As revenue and company overheads do not allow for such
"bonuses" to take effect. Although government employees
will still recieve such benefits, and accomodations.

Thus once again hurting regular consumer spending.

What are your opinions on the "current hard times"
we are facing heading into this holiday season?

And can we get out of it soon to save the housing market entirely?





Rockn.
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Old 09-19-2008, 08:22 AM   #2
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Very appropriate thread at this time. Unfortunately the government will be bailing all these big players out that have swindled money from us for years. I sense the market will crash. Do not get me started with the illegal Federal Reserve.
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Old 09-19-2008, 11:57 AM   #3
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So let me get this straight:

- Corporations use deceptive accounting practices to inflate the perceived value of their business
- Said corporations then rack up debt to other corporations which they are in league with
- The deceptive accounting is made public on purpose to debase or lower that corporation's perceived value
- The executives get slaps on the wrist and get to keep their enormous separation packages while stockholders are left with worthless shares
- The government then "bails out" that company's debt so the other companies won't go out of business and "to prevent weakening the economy"
- The companies that received this "bail out" benefit from having debt from the "bailed out" corporation have actually just found a way to get lots of money from the government while looking like innocent bystanders of a company's immoral accounting practices
- The former executives are all much richer than they were and now their company can be acquired for a mere fraction of what it was worth before

Sounds like a very, very intelligent and well thought out way to make a ton of money; get it from the government and conspire with your colleagues to share monopolies over all major industries. It also works the other way around and they can just debase a legitimate company using any number of tactics so they can buy the company for less than what it's actually worth.

Pretty smart. I'm not sure what they're doing with their money, but whether it's going to London, Rome or anywhere else, people should understand the basics of the how the capitalist world around them actually works.
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Old 09-19-2008, 01:59 PM   #4
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Old 03-17-2009, 11:42 PM   #5
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the economy is doing great. wiidude says lets keep giving out the bailouts.
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Old 03-19-2009, 02:10 AM   #6
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It's an interesting topic to talk about. The way I see it is that we may be entering a new era of time and everything will have to go online. I mean if you go to a bookstore and the book you want to buy is $24.99 but you go to an online bookstore and its only $9.00. You'll obviously get the book online and thats $24 less for the bookstore that they could pay for one of their employees. If more people keep buying online that makes the bookstores go bankrupt and from there everything flops over.... :\
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Old 08-26-2009, 10:14 PM   #7
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"All empires fall."

Looks like were one of the empires to fall. (I mean that our economy may make us fall)
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Old 08-26-2009, 10:25 PM   #8
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Well since it's been bumped back to life, I'll just say that our situation now isn't quite as grim as it once was, but we're so far in debt now, it might as well be. If this keeps up, China is going to own the United States :l
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Old 08-27-2009, 01:16 AM   #9
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you realize this is a Nintendo forum right
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Old 08-27-2009, 06:16 PM   #10
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Quote:
Originally Posted by YoshiDude View Post
"All empires fall."

Looks like were one of the empires to fall. (I mean that our economy may make us fall)
You speak about the same thing in the past tense first, and then the future tense. In other words, this post makes no sense.
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