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| How bad is the economic "meltdown" in the USA? |
| The reactor is about to blow, run for your lives! We're in a new depression. |
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| Stock up on Cup a Noodle soup, it's going to be a while. Recession time for more than a year. |
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66% |
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| Same old, same old. I don't have a job as usual. Things are just correcting themselves. |
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| Things will be better after November. People are holding their collective breath. |
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| Give it a year and things will be back to normal. Limited recession. |
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33% |
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| Six months and everything is as good as new. New Pres will fix everything like FEMA fixed all after a Cat. 3 hurricane hit the Gulf coast (Did I get that right?) |
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| What meltdown? It's all in your head. Everything is OK and you can't remember how many houses you own! |
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| Why worry? Mexico's 9 years of oil reserves will see us through this crisis and when Mexico starts to collapse, Her Holiness Palin will have everything fixed and we can all go to the US (please declare religion at US Customs checkpoint), welcome home! |
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| Total Votes : 3 |
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| Author |
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Prof.Gringo
Joined: 07 Nov 2006
Posts: 2236
Location: Dang Cong San Viet Nam Quang Vinh Muon Nam!
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 Posted: Fri Sep 26, 2008 3:34 pm Post subject: Economic Meltdown |
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What do you think about the economic mess in the US? It seems to have really picked up steam this last week. President Bush is proposing a 700 billion dollar bailout of the financial market. WaMu bank collapsed and it was seized by the FEDS and sold for a few pennies. Investors lost everything, but depositors can still take their money out. It was the largest failure ever of a US bank. Jobless claims are at their highest level in 7 years. Even Sen. Obama and Sen. McCain made a joint appearence with Pres. Bush.
What's your take on all of this? |
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ls650
Joined: 10 May 2003
Posts: 3484
Location: British Columbia
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| Posted: Fri Sep 26, 2008 3:53 pm Post subject: |
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| I suspect (b): there won't be a Second Great Depression, but there will be a major recession that will take some time to get past. |
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