Alright, wtf is going to happen tomorrow....

Foxy_Grandpa

Foxy_Grandpa

Member
its my freaking birthday and everyones getting all scared somthing the the stock market is going to happen...what the hell is going to happen!!!!! i dont understand anything i've been reading! give me a version a 16 year old can understand.
 
these people have just been tlaking out of their asses. their are never signs of the stoch market crashing...only signs that the stock market will take a dive. and there is a big difference there b/c adive will always be significantly smaller than a crash. People need to chill out.
 
the cloverfield monster is coming

oh shit that would be fucking scary, i scared myself with that one.

i'm obviously kidding, happy birthday man.
 
u.s. economists say the us is suffering from high interest rates and is weak...the probability of something happening tomorrow is very unlikely, although the current trend in the stoke market will most likely drop again there will be no depression style crash tomorrow.
 
Basically, the American economy is in the crapper. The value of our dollar is weak, consumer spending is extremely low. Retailers posted declining sales numbers even DURING the holidays, which is a first.

Esentially, the world market is freaking out because American consumerism and spending drives the global market. Businesses are posting losses and it doesn't bode well to investors when companies post losses.

Bottom-line, the cost of oil and high cost of living has curbed consumer spending, and the world market is volatile due to this.
 
Negative. That's a short term solution.

We need to get off Big Oil's dick and get some energy independence so we dn't have to fork over triple what we did 5 years ago while those companies are swimming in record profits.

Until you lower people's cost of living, or increase wages, the economy will suffer.
 
i respectfully disagree....

by cutting taxes you will put more money into the common Americans pocket. ( I am a better user of MY money than the government) with the extra money in MY pocket i can choose, do i want to buy a new car? (an American car) do i want to put that money into my savings? but either way its a win win for the economy......

as far as Oil goes we need American company's, not the government to come up with a comparable alternative...... ive also seen stats that if we could do very selective drilling in Alaska we could be off of middle east oil in less than 10 years.
 
Tax cuts without reducing government spending (which will not happen), end up costing taxpayers more in the long-run.

Without wages falling more in line with the inflation/increase that Cost of living has seen, I don't foresee consumer spending to rebound anytime soon.
 
The only problem with tax cuts and refund checks is that Americans, for the most part, are idiots. If we see the economy going down, we dont spend money, we hoard it and fuck over the country worse. However, I am grossly oversimplifying a topic on which I have little to no knowledge of (economics), so at this point, I'd like to bow out to someone more talented in understanding such a confusing field.
 
No, what the average american would do is expand their Credit Card debt and live even further beyond their means.

:)
 
I agree that we need to become energy-independent at some point in the relatively-near future. Or at least get started at it. It'd take a long time, but so worth it.

Anyway, Happy birthday kiddo!
 
So bassicly our economy is in the hole, but the where were at right now is its not going to affect you too bad. We can go either way, we can climb out of this as a country or we could sink into a ressession which is a underchild of a depression. Some people would argue that we are even in a ressesion, but I'd beg to differ. The dollair bill has been climbing at a steady rate, and recently we are on par with the canadian dollair. More or less bush has a plan to jump start our econmy and a few agencys have been meeting..yadayadayada. There are theorys right now, but no one really knows whats going down. But I woudln't worry about it, we pulled out of a depression once I'm sure if it happens we can do it again
 
i can see where you are coming from, i should have clarified my position better. we need to cut government spending, cut welfare (not completely, but just put better rules in place), and lower taxes..

 
You must log in or register to reply here.
Back
Top