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No, not who was to blame , But any forcastes for the future? 

I see recovery taking a long time , and maybe never recovering to it's past high ,
so how does that effect your future plans or have you seen it all before , and ain't bothered ,?
is this world wide down turn extra special , and maybe leading  to a new future , maybe one we ain't to happy with , ? is your employment now threatened ? ,

maybe take the pulse of the future , ?

is it doom and gloom , or a opportunity for great change ?



 

 

Coknuck , just been listening into BBC news on line, and came to the same thoughts, ( cit group , 12K  ..in UK )
a  great inpartial world wide  site  http://news.bbc.co.uk/, I think we see it the same way , 2009 will be the test , and maybe the lowering of our future hopes ?

for me I have now oficialy retired from work , and have fixed all my retirement pensions ,  been advised to do that , as things and payment's ain't going to improve ,

but it don't look good for the young folk ,


 

The British broadcasting cooperation (BBC,) has served the Brits, world wide before the last 2 worldwide wars , it ain't Gov.or advertising sponsored or owned, paid for by the  erk in the street (taxpayers ) , but it naturaly has the Brit view ,
one of the last bastions of free speech ,IMHO
and for those way beyound the outback worldwide, still on short wave radio ,
http://www.bbc.co.uk/worldservice/schedules/frequencies/index.shtml

i see markets and the economy becoming generally stable in 6-12 months. Where it will no longer be just another day when the dow drops by over 300 points or the volatility is so bad the dow can go from up 50 points, down 200, up 50 again and end at down 200 points. I don't think we'll see any real improvements that will stick for a year or two. I would tell no one to invest right now unless they wanna do it for the long term, i'm talking 10-20 year investments. Experienced people are gonna profit off the week to week volatility of the markets but most people probably don't wanna put any money in the market just yet, although the time will come in the next few months unless the gm, ford, chrysler hits the emotions of investors really hard.

The stock market is hitting new bottoms every other week so we can't guess that this is as bad as its gonna get. With talk of a bailout for gm ford and chrysler, i have a feeling another panic will happen, and the economy will be held back for the next year or two because weather the big 3 go bankrupt or are bailed out, they are gonna have to do some major reorganizing which will cause major job loss. Honda is even lowering output. The main point is i don't think we've really seen the impact of all the job cuts that have happened recently, the hit will take a little time and be more general as retailers see less profits this holiday season and leading into next year.

More Asian countries are calling their economies officially in a recessions. The US recession is leading to worldwide recessions which could lead to a US depression. I wouldn't call myself pessimistic or optimistic but just realistic on what is possible here. I feel like people are trying to hold off panic but different things keep happening and people sell. One day this could snow ball out of control and although the market has already crashed we could see a "black (weekday)".

I think people will look back and think all this selling and panic in the market wasn't worth it. Our economy did slip, but not to the proportions the panic is making it look. The market didn't need to crash, but it just needed to "readjust" itself to a new type of economy which hopefully a new type of politics will bring. Me i just sit idly by, observing...watching...waiting, and one day i will throw all my chips in.

you should check out www.marketwatch.com for day to day news on the world's economies.

we are in recession, there is panic of more worldwide recessions. Japan, the second largest economy is also in recession. And do u not agree that we are capable of new politics or that new politics is not what's needed. What i meant is that we need new political policies towards businesses, and reform in the way businesses are regulated, who wouldn't agree with that. Its up to the government to prevent this from happening (the way it did at least) again. That will require new policies therefore new politics.

I agree. The only obstacle is the fact that big business usually controls the government via lobbyists. The company with the highest paid lobbyists seem to get their way. We need government that does what is right and what is needed instead of what makes each senator and congressman the most money. I'm not sure how we can go about making that change since we have allowed it for so long. It would be a lot like trying to get one congressperson to back a bill that changes the way they vote for their own pay raises. The rest of them would be laughing so hard that it wouldn't even come up for a vote. Our goverment needs to be restructured before they can restructure the nation.

Once more like after the last crash, back to basics, and some isolationism is in order to survive. 

Like in 2000 when the date change was immenant danger for computers as the date rolled over. I as a surviver was ready with pencil and paper. 

If you get lemons, make lemonaide is all.