The US is going to go into a depression if not a recession. They just rejected a 700B dollar rescue bill to save AIG... (or whoever). I think this was probably the best idea so that taxes don't go up a whole hell of a lot but im not really sure. http://www.foxnews.com/
Were already in a recession. Been like that for a while. And the depression thing is not going to happen. They just make us worry. The media doe this all the time. And plus it the foreign investors that screw us over. But on a big note. If the US falls so does the world. So don't wish for it.
700 Billion would in reality cause more negatives than positives in the long run. It's what you get for mixing stocks with basically everything. For once, the French were smart. Oh, and Fox news are idiots. They report retarded shit and blow it out of proportion. And if America does fall, the rest of the world doesnt because of currencies.
I'm not say the Economy will. I'm pretty sure half the world will launch wars, and start to use nuclear weapons with out the major powers controlling them. Things will greatly change if America does fall. Taking most people with these changes. You guys mite not like it but we do police the world. Things are better if we do things like that.
UK is the best country in the world. 2 million people enter London EVERY DAY. But they leave again after lol.
There more people going in to new york every day. 19 million people work in Newyork city and only like 6 million actually live there.
Hmmm.... /me Yells COUNTRY FIGHTTT On a serious note, /me agrees with tools. Also, if China starting policing the world, it wouldn't be good, as they are communists
heres a collection of things other people have had to say about this I don't think many people think the same way as you guys :3
Ok, for one thing we aren't going into a depression we have so many fail safes that weren't around in 1929. Second of all the market always rebounds we are just hitting hard times and speculators are making it worse by adding drama and driving up prices. Yes, world markets do go down if the U.S. is in a recession because we are probably the biggest trading country in the world, but they will not collapse because of us. Finally trying to inject 700 billion dollars into the economy will not help in the long run. We have to increase taxes and cut all of our damn spending on things like Iraq, Pakistan, and Afghanistan. Seriously someone needs to clean up Bush's mess and hopefully it is a Democrat. Cause if you remember Bill Clinton left us with a 100 billion dollar surplus and Bush left us with a drained economy that owes over a trillion dollars. All in all are we headed for trouble? No we are not headed for deep trouble. And are things going to get a little tougher? Yes, things will get tougher especially food and housing prices. So in the end its up to a new government and really the consumer to step things up and fix this roller coaster ride we call the economy.
Agh, I know. :/ Well hopefully the effect will be less worse here in Dallas (we sit on natural gas...).
Do not worry about a depression unless that 700billion bill is passed if they can bring it back or something. The reason stocks are down is a response to the rejection of the news that this is happening. I have fortunate and unfortunate expierience in the wamu area of the market. now we know how to destroy texas Mwahhahahahaha!!!