Korean Job Discussion Forums

[Thewhiteyalbum]

I have been reading a lot about the economic crisis and I am not an economist by any means (thank you for the enlightening threads) - so my question is thus: will the worlds countries fall like domino's?

Is any countrys economy 'safer' than others?
Is every country linked? (free trade, import export, world banks etc).

Any thoughts would be appreciated..

[man_of_words]

I think it will fall down

[Chuvok]

I think the next decade will be tough, but nothing will change in terms of nation states. People who have debt are screwed. Everyone else will adapt.

[Rusty Shackleford]

I stole this off some-one else but I forget who. We will probably slide back to about the standard of living of 1995. Before the inflation of the money supply and the resulting tech and housing bubbles. Plus China will be a bigger actor on the world stage.

The next 2 or 3 years will suck but after that economic growth will stabilise and then begin to grow again after 5 years. We might be back to a post-IMF standard of living by 2020.

Let's check back in a decade to see if I was right.

[Rusty Shackleford]