SUBSIM Radio Room Forums - View Single Post - Recession to Depression: how close are we?

Skybird · 03-04-09, 05:00 AM

It doesn't matter that much. Events of this scale affect people inside the US - and outside as well. If AIG falls, it will be a major financial catastrophe for many German communties and towns who are locked in deals with AIG. The shape of the EU or American economy causes waves around all the globe. If HRE falls, you will feel it in the US as well. Not too mention the Münchner Rück.

If you think national strategies alone would provide solutions, you're in for some surprise. So do not make this a national dispute. It is not. We're all in this together.

03-04-09, 05:00 AM	#9
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,797 Downloads: 10 Uploads: 0	*It doesn't matter that much.* Events of this scale affect people inside the US - and outside as well. If AIG falls, it will be a major financial catastrophe for many German communties and towns who are locked in deals with AIG. The shape of the EU or American economy causes waves around all the globe. If HRE falls, you will feel it in the US as well. Not too mention the Münchner Rück. If you think national strategies alone would provide solutions, you're in for some surprise. So do not make this a national dispute. It is not. We're all in this together. __________________ If you feel nuts, consult an expert.