U-20: Will the Global Economy Resurface?

[Kimmy]

Indeed, perhaps no image is more evocative of the current state of the global economy than that of a World War II German U-Boat depth-charged in the North Atlantic by British destroyers. It's going down fast, and the crew doesn't know when it will hit rock bottom. And when it does hit the ocean floor, the big question is: Will the crew be able to make the submarine rise again by pumping compressed air into the severely damaged ballast tanks, like the sailors in Wolfgang Petersen's classic film Das Boot? Or will the U-Boat simply stay at the bottom, its crew doomed to contemplate a fate worse than sudden death?

Let's hope the global economy fares better than das boot in the end


article is here, guys http://www.fpif.org/fpiftxt/6001

[Arclight]

Isn't that hype dead yet.

What's needed for the economy to surface? IMHO people spending money. Money that they have. Money needs to flow.

The governments should be sending money to the consumer, so they can spend. Instead, it's going to the companies that make stuff that the people aren't buying anyway, because they lost confidence.

What we need is the media and world leaders to stop preaching doom, so the consumers are free to regain trust and start spending again. This whole situation is so retarded.

[SteamWake]

What we need is the goverment to stay the hell out of private buisness.

Thats what chapter 11 bankrupcy was for.

This G20 conference is going to be an american bashing free for all. Thats about all that will get accomplished.

The prhase "Throwing good money after bad" comes to mind.

[Jimbuna]

Originally Posted by SteamWake

The prhase "Throwing good money after bad" comes to mind.

Agree with you on that

It's almost like rewarding a child for misbehaving....all that money given to bankers and fat cats to clean up the mess they made of speculating with other peoples money