Yeah it been on my mind lately. Economics (worldwide)

[SoAyame]

I dont know if you guys been reading or watching the news. The world is slowing going into recission. I believe USA is damn near in it so many people getting laid off. Even I got laid off. I want to hear your opinions about what will the future bring to our beautiful planet.

[Rainigul]

If the US burns half the money that's in circulation, that might help.

[heroo]

It's just a part of the economics cyclus.

People are over reacting.

[SoAyame]

Yes history do repeat itself you would think people or country would learn from mistakes. I was just looking at the stocks today thats all. Getting crazy

[nohunta]

Lol. Great now we gonna be poor fack mother. Time to go to canada.

[Pan_Raider(`_´)]

known it since 2000, even our president Köhler warned the ministrys about
over using the stock market...
now see what it has done


but like in many recessions, the government tries to cushion the inflation with subventions(bail out)

[dom]

Here's a tip: When there's record stock free fall, a frozen credit market, spiking unemployment rates, and dying industries... you are in a recession. The numbers are superficial. They use the numbers to have a numerical way to say whether or not the economy is growing. And it is definitely not growing right now.

[SoAyame]

Here's a tip: When there's record stock free fall, a frozen credit market, spiking unemployment rates, and dying industries... you are in a recession. The numbers are superficial. They use the numbers to have a numerical way to say whether or not the economy is growing. And it is definitely not growing right now.

Indeed my friend indeed. Im thinking war will be soon not like real soon but mid next year. i hope not.

[l05tfr33k7]

It's just a part of the economics cyclus.

if that was true, then there would be no fear of a depression or something close to it. You're right in that a recession is a part of the economic cycle, but thats not the problem. Problem would be a deep recession which would in most cases lead to a depression/panic.

And as dom said, with record high stock market downs and the unemployment statistics, there is no doubt that something far worse is yet to happen.

[Squirt]

Gas prices are going down is that a bad thing?

[tedtwilliger]

Just because oil prices are going down it doesn't mean I'm paying less at the bowser.

The price of oil fell around 60% ( from $140 at its peak to around $64 now ) and the price of the Australian dollar fell from 97C per American dollar to around 65c per American dollar ( around 30% ). Yet im still paying $1.40 per liter for petrol, it hasn't dropped at all! Its been around that price for the last 3 months. Considering i only get to work 2 days a week and i have a busy schedule with tafe, may car is setting me back a lot of money each week.

[SteakSauce]

Just because oil prices are going down it doesn't mean I'm paying less at the bowser.

The price of oil fell around 60% ( from $140 at its peak to around $64 now ) and the price of the Australian dollar fell from 97C per American dollar to around 65c per American dollar ( around 30% ). Yet im still paying $1.40 per liter for petrol, it hasn't dropped at all! Its been around that price for the last 3 months. Considering i only get to work 2 days a week and i have a busy schedule with tafe, may car is setting me back a lot of money each week.

You can always resort to a bicycle, More exercise... And a hell lot of saved money.
Unless your commutes are to long

[tedtwilliger]

45 minute drive to work, 30 minute drive to tafe, 40-80 mins to cricket.

I think a bike is out of the question.

[Rainigul]

45 minute drive to work, 30 minute drive to tafe, 40-80 mins to cricket.

I think a bike is out of the question.

Do a bike hybrid, bring your bike with you and drive until you're like 10 minutes away (biking), then park your car and bike the rest of the way, though I'm not sure if it's worth all the trouble.

[heroo]

It's just a part of the economics cyclus.

if that was true, then there would be no fear of a depression or something close to it. You're right in that a recession is a part of the economic cycle, but thats not the problem. Problem would be a deep recession which would in most cases lead to a depression/panic.

And as dom said, with record high stock market downs and the unemployment statistics, there is no doubt that something far worse is yet to happen.

we had a deep recession in the 70's and 80's. this is not anything new. and I don't think this recession will break records: governments have learned from the mistakes made in the past (the 30's of the 20th century)

[Barotix]

It's just a part of the economics cyclus.

if that was true, then there would be no fear of a depression or something close to it. You're right in that a recession is a part of the economic cycle, but thats not the problem. Problem would be a deep recession which would in most cases lead to a depression/panic.

And as dom said, with record high stock market downs and the unemployment statistics, there is no doubt that something far worse is yet to happen.

we had a deep recession in the 70's and 80's. this is not anything new. and I don't think this recession will break records: governments have learned from the mistakes made in the past (the 30's of the 20th century)

If they truly learned from history they wouldn't be performing corporate welfare on insolvent institutions at the expense of financially sound ones in order to salvage a broken system. The failure of Keynesian Economics, a global fiat monetary policy, and over regulation. The market has said, ENOUGH! but the governments won't listen; they won't yield. All because of the myth that FDR somehow ended the great depression. His subsidies, corporate welfare, agriculture/livestock destruction, etc prolonged it.

Anyhoo; a depression is on the way and it is absolutely necessary. It's like a drug addict going through withdrawal. Painful experience but it has to happen if the person ever expects to recover.

http://www.mises.org/story/3165

[thaosterpro]

goodbye

[dom]

It's just a part of the economics cyclus.

if that was true, then there would be no fear of a depression or something close to it. You're right in that a recession is a part of the economic cycle, but thats not the problem. Problem would be a deep recession which would in most cases lead to a depression/panic.

And as dom said, with record high stock market downs and the unemployment statistics, there is no doubt that something far worse is yet to happen.

we had a deep recession in the 70's and 80's. this is not anything new. and I don't think this recession will break records: governments have learned from the mistakes made in the past (the 30's of the 20th century)

Pretty sure it has already broken records in terms of stock drops and credit freeze - not to mention American families themselves and home foreclosures. And apparently, we haven't begun the recession bit of it yet

[Snoopy]

Just because oil prices are going down it doesn't mean I'm paying less at the bowser.

The price of oil fell around 60% ( from $140 at its peak to around $64 now ) and the price of the Australian dollar fell from 97C per American dollar to around 65c per American dollar ( around 30% ). Yet im still paying $1.40 per liter for petrol, it hasn't dropped at all! Its been around that price for the last 3 months. Considering i only get to work 2 days a week and i have a busy schedule with tafe, may car is setting me back a lot of money each week.

The oil is most annoying thing ever. When we had a strong dollar, apparently it made no difference, however now that the oil prices are low, and our dollar is piss-weak, it seems to make all the difference.

[Priam]

Heroo is correct though, it is a cycle.

[dom]

Heroo is correct though, it is a cycle.

I would have to disagree. The dips of a business cycle are natural, but when the dips reach lows that they have now and seem to be heading into, they no longer are cyclical. It cannot be part of the business cycle when they've never been seen before with the exception of the depression.

Because of that, I cannot agree that what we are feeling now is part of the business cycle. What is important to realize though is that after every period of contraction, there's a period of recovery and expansion - even with the depression itself. And i'm sure we'll see that.

With all that said, I think we have run into a break in the business cycle, and once we recover from this period we'll re-enter the cycle. In that respect it's similar to the contraction, but because of its magnitude it cannot be regarded as just another step.

[Priam]

We've seen these economic cycles before. Periods of depression, and stabilisation, and a period where everything florishes again.

They're well documented as well.

Though i wouldn't say this particular one isn't swpecial. cause i think it is.

[Barotix]

Such dramatic business cycles are a result of the fraudulent central banking cartels. Laissez faire would still see the cycle but it would not be on a national or global scale. It would be local and the damage would be isolated and only effect the industry in which it started. There would be no ripples.

[Berto]

Here's a tip: When there's record stock free fall, a frozen credit market, spiking unemployment rates, and dying industries... you are in a recession. The numbers are superficial. They use the numbers to have a numerical way to say whether or not the economy is growing. And it is definitely not growing right now.

Indeed my friend indeed. Im thinking war will be soon not like real soon but mid next year. i hope not.

where from maryland are you?

[Du De Wei]

Heroo is correct though, it is a cycle.

I would have to disagree. The dips of a business cycle are natural, but when the dips reach lows that they have now and seem to be heading into, they no longer are cyclical. It cannot be part of the business cycle when they've never been seen before with the exception of the depression.

Because of that, I cannot agree that what we are feeling now is part of the business cycle. What is important to realize though is that after every period of contraction, there's a period of recovery and expansion - even with the depression itself. And i'm sure we'll see that.

With all that said, I think we have run into a break in the business cycle, and once we recover from this period we'll re-enter the cycle. In that respect it's similar to the contraction, but because of its magnitude it cannot be regarded as just another step.

this bubble will look much worse because of the government intervention like the 700 billion dollar bailout if the government didnt do anything we would still see the same bubble but I highly doubt it will be as big as we are seeing now

[Midori]

Im thinking war will be soon not like real soon but mid next year.

Lolwut?

Civil war is not possible in the state are country is in right now (government needs to fall). Don't see why a world war would start.

[Priam]

War? there's always war on this planet. Just not started by this depression anytime soon.

[user]

I dont know if you guys been reading or watching the news. The world is slowing going into recission. I believe USA is damn near in it so many people getting laid off. Even I got laid off.

hm... start another war? thats how hitler didit, thats how roosevelt did it, and it worked out pretty well

[Love]

Such dramatic business cycles are a result of the fraudulent central banking cartels. Laissez faire would still see the cycle but it would not be on a national or global scale. It would be local and the damage would be isolated and only effect the industry in which it started. There would be no ripples.

+1

but how do you prevent this without government intervention ?

[Priam]

Such dramatic business cycles are a result of the fraudulent central banking cartels. Laissez faire would still see the cycle but it would not be on a national or global scale. It would be local and the damage would be isolated and only effect the industry in which it started. There would be no ripples.

+1

but how do you prevent this without government intervention ?

In mordern days business, you don't.