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.
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.
If at first you don't succeed, failure may be your thing-Warren Miller
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.
~~Phunkin Phatt Phreerider~~
~572nd Member of Newschoolers.com
'if you were doing one of them doggystyle and she flexed her butt cheeks, your dick would get ripped off.'
~Alpentalik on the subject of Serena Williams
"Eco suck my dick is what i call it, when i have to globally warm my hands in my asshole i'm not a fan of that green shit at all"
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.
"If at first you don't succeed failure might be your thing"
(the great warren miller)
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.
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