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xMurtaghx I post too much
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Joined: 13 Apr 2008 Posts: 3611 Location: Gayville, South Dakota, 57031, United States of America
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Posted: Wed Oct 15, 2008 4:46 pm Post subject: Are we going to be in a depression? |
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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 Grandmaster Cheater
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Posted: Wed Oct 15, 2008 4:47 pm Post subject: |
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| Yes.
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xMurtaghx I post too much
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Joined: 13 Apr 2008 Posts: 3611 Location: Gayville, South Dakota, 57031, United States of America
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Posted: Wed Oct 15, 2008 4:48 pm Post subject: |
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Discuss, Why are we going to be in a depression?
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Lorrenzo Moderator
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Joined: 02 Jun 2006 Posts: 3744
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Posted: Wed Oct 15, 2008 5:05 pm Post subject: |
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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 Grandmaster Cheater
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Posted: Wed Oct 15, 2008 5:05 pm Post subject: |
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| Something is going on with the banks too.
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xMurtaghx I post too much
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Joined: 13 Apr 2008 Posts: 3611 Location: Gayville, South Dakota, 57031, United States of America
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Posted: Wed Oct 15, 2008 5:10 pm Post subject: |
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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 :3
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Joined: 06 Dec 2006 Posts: 1908 Location: England.
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Posted: Wed Oct 15, 2008 6:08 pm Post subject: |
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England is in a recession right now.
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:^( Grandmaster Cheater
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Joined: 25 May 2007 Posts: 689
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Posted: Wed Oct 15, 2008 6:09 pm Post subject: |
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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 Grandmaster Cheater
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Joined: 01 Oct 2007 Posts: 909 Location: Austin,TX with 72 virgins
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Posted: Wed Oct 15, 2008 6:15 pm Post subject: |
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| 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 I post too much
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Pron Grandmaster Cheater
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Joined: 31 May 2008 Posts: 711
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Posted: Wed Oct 15, 2008 6:56 pm Post subject: |
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I don't understand how countires go into recessions/depressions.
What causes them?
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AverageAzn247 Grandmaster Cheater
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Joined: 01 Oct 2007 Posts: 909 Location: Austin,TX with 72 virgins
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Posted: Wed Oct 15, 2008 8:25 pm Post subject: |
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| 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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| Waxxup wrote: | What are Night Elves?
A girl group? |
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hcavolsdsadgadsg I'm a spammer
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Joined: 11 Jun 2007 Posts: 5801
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Posted: Wed Oct 15, 2008 9:18 pm Post subject: |
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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 I post too much
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Joined: 03 Jan 2008 Posts: 3783 Location: Seattle
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Posted: Wed Oct 15, 2008 9:28 pm Post subject: |
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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 I post too much
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Joined: 13 Apr 2008 Posts: 3611 Location: Gayville, South Dakota, 57031, United States of America
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Posted: Wed Oct 15, 2008 10:00 pm Post subject: |
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| 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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