Recession nearing an end

Skybird · 12-02-08, 05:38 PM

This is no normal recession, and there even is a high danger for deflation.

When this is over, the game will no longer be played by the old rules.

Rockstar · 12-02-08, 05:45 PM

Stay away from junk. invest in blue chips

bookworm_020 · 12-02-08, 06:26 PM

Quote:

Originally Posted by Skybird

When this is over, the game will no longer be played by the old rules.

The problem is the game wasn't played by the old rules to begin with!

One of the most obvious things that needs to be addressed is the way credit is delt out and to whom. The fact that there was so many sub prme loans, dodgy trades and high risk investments, shows that there needs to be better risk assesment done as well as better guide lines for theose who make the decisions.

Quote:

Stay away from junk. invest in blue chips

Or don't go into the casino to begin with???:hmm:

Quote:
Originally Posted by GoldenRivet
the average life span of a recession... 14 months.

Quote:

What makes you think this recession resembles an average recession?

Agreee, the average may be blown out by this one!

GoldenRivet · 12-02-08, 07:25 PM

its funny to me that people allow themselves to be guided around by their noses by people who preach a 'sky is falling mentality'.

Im glad we are in a recession.

these 'fat cats' that caused it should be sent to prison.

and yes i agree that it is because the "game" was not played by the rules to begin with.

this will all be over sooner than we think.

the stock market is a funny thing, she is a fickle bitch - most stock market players would be better off just going to vegas with that money.

i dont have much of an opinion on the issue, but i found it encouraging that a news radio program with some economic analyst guest was spouting off about how the average recession lasts about 14 months and that worst case scenario this thing lasts twice that long... so within the next 1 to 3 years we will be looking at record highs again.

SUBMAN1 · 12-02-08, 09:12 PM

Quote:

Originally Posted by Skybird

This is no normal recession, and there even is a high danger for deflation....

Only on the gold market.

-S

12-02-08, 05:38 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,620 Downloads: 10 Uploads: 0	This is no normal recession, and there even is a high danger for deflation. When this is over, the game will no longer be played by the old rules. __________________ If you feel nuts, consult an expert.

12-02-08, 07:25 PM	#4
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	its funny to me that people allow themselves to be guided around by their noses by people who preach a 'sky is falling mentality'. Im glad we are in a recession. these 'fat cats' that caused it should be sent to prison. and yes i agree that it is because the "game" was not played by the rules to begin with. this will all be over sooner than we think. the stock market is a funny thing, she is a fickle bitch - most stock market players would be better off just going to vegas with that money. i dont have much of an opinion on the issue, but i found it encouraging that a news radio program with some economic analyst guest was spouting off about how the average recession lasts about 14 months and that worst case scenario this thing lasts twice that long... so within the next 1 to 3 years we will be looking at record highs again. __________________

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12-02-08, 05:45 PM	#2
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Stay away from junk. invest in blue chips