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Are we going to be in a depression?
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xMurtaghx
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PostPosted: Wed Oct 15, 2008 4:46 pm    Post subject: Are we going to be in a depression? Reply with quote

With Dow Jones Industrials Dropping 736 points Wednesday the 15th
and dropping 3200 points over the last week, are we going to have
a depression? Discuss.

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Pron
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PostPosted: Wed Oct 15, 2008 4:47 pm    Post subject: Reply with quote

Yes.
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xMurtaghx
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PostPosted: Wed Oct 15, 2008 4:48 pm    Post subject: Reply with quote

Pron wrote:
Yes.

Discuss, Why are we going to be in a depression?

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Lorrenzo
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PostPosted: Wed Oct 15, 2008 5:05 pm    Post subject: Reply with quote

Yes, we pretty much are headed straight for one.

Our economy is crap, the stocks keep plummeting, people are charging to much...etc.

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Pron
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PostPosted: Wed Oct 15, 2008 5:05 pm    Post subject: Reply with quote

Something is going on with the banks too.
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xMurtaghx
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PostPosted: Wed Oct 15, 2008 5:10 pm    Post subject: Reply with quote

And may I add that fuel went down below 100 dollars.
Even though you pay less, its bad in the long term procces because
the government can only pay 88 sd per barrell and the demand is too
high for that type of crappy money.

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S3NSA
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PostPosted: Wed Oct 15, 2008 6:08 pm    Post subject: Reply with quote

England is in a recession right now.
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PostPosted: Wed Oct 15, 2008 6:09 pm    Post subject: Reply with quote

I'm in Canada, but since we rely on the American economy to an extent, I believe that things will fall, but will come back up given time.
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AverageAzn247
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PostPosted: Wed Oct 15, 2008 6:15 pm    Post subject: Reply with quote

ASN3S wrote:
I'm in Canada, but since we rely on the American economy to an extent, I believe that things will fall, but will come back up given time.
Yup that is captialism. Cycles of boom and bust.
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lCrusaderl
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PostPosted: Wed Oct 15, 2008 6:55 pm    Post subject: Reply with quote

S3NSA wrote:
England is in a recession right now.


Oh dear god! >_<... Crying or Very sad ! Man, what can be done to stop this?

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Pron
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PostPosted: Wed Oct 15, 2008 6:56 pm    Post subject: Reply with quote

I don't understand how countires go into recessions/depressions.
What causes them?
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AverageAzn247
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PostPosted: Wed Oct 15, 2008 8:25 pm    Post subject: Reply with quote

Pron wrote:
I don't understand how countires go into recessions/depressions.
What causes them?
when the government fucks up and allows ppl to do unresponsible things.
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hcavolsdsadgadsg
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PostPosted: Wed Oct 15, 2008 9:18 pm    Post subject: Reply with quote

I love how so many people here are completely oblivious to the fact that it's not only the US shitting the bed.

Go look at the Russian market then get back to me.
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xV
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PostPosted: Wed Oct 15, 2008 9:28 pm    Post subject: Reply with quote

Isn't there like a 250B bailout plan? For the U.S. although the U.S. doesn't have it as bad as some other countries..
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xMurtaghx
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PostPosted: Wed Oct 15, 2008 10:00 pm    Post subject: Reply with quote

Pron wrote:
I don't understand how countires go into recessions/depressions.
What causes them?

Its caused by bad presidents (like caugh George Caugh Bush) that make
us in a 57 trillion Dollar debt and all those theif on wall street.

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