jeese, seriously starcraft, lighten up. I was just messin around before, but now it's really just starting to sound bigotted. Hating a country isn't too far from hating a race.
You can find me on facebook as Markus Van Rijn, if you friend me just mention you're from VGchartz and who you are here.
| HappySqurriel said: One thing few people seem to understand is that a downturn in the ecconomy is an opportunity to make a lot of money if you are prepared for it ... Most people make the mistake of going overboard in boom times, and spend money like drunken soldiers; often they will build up lots of debt and find that they are in a position where they need to make as much (or more) than they currently make in order to pay their bills. If you have healthy savings you can withstand quite a large shock to your income and/or be able to invest in undervalued investments and get a good return as the ecconomy gets back on track. I understand that this is easier said than done being that many people have difficulty making ends-meat, but the majority of people living pay-check to pay-check tend to be having difficulty not because they make too little money but because they spend too much money. |
What's the opportunity? How would you know that certain investmensts are undervalued? The only strategy that has made money in the long run is buy and hold. If you haven't been invested and have been holding your assetts in cash during a big run-up you're already behind in the investing game because of inflation. You would have to make more in a downturn to cover the money you left on the table during the upswings to make it a viable strategy.
That said, your last sentence is very true. The savings rate has gone negative and that means people are spending more than they earn. Not a good strategy to be over-extended when the bubble pops which seems to be what might be happening now.
StarcraftManiac said:
Read Avinash_Tyagi's post. He says what i have to say to you: Avinash_Tyagi said: 'Maybe, depends, right now even with the foreign bailouts i'm a little concerned about some of the steps they are taking, all the losses they are writing off and the fact that not all of the subprime loans have come due yet, I would be a little hesitant to invest at this particular moment, since I expect one of the big investment banks to go under in the next year'. Btw, we were already a mighty economical power before the US even was a country. So what the hell are you talking about? It IS America's fault... You deal with it! |
Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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I have the most epic death scene ever in VGChartz Mafia. Thanks WordsofWisdom!
Welcome to 1928 again. Where Credit causes a massive American depression.
Sadly enough, the banks should all be destroyed. The US housing market has been booming for years - with home ownership reaching 75-80%. Unfortunately, alot of those houses were bought with credit by people that cannot afford them.
Good thing I'm getting into purchasing apartment complexes. When everyone runs away from defaulting on their mortgages, they'll run straight into my complexes.
Also, feel free to blame America for your problems. It's everyone's fault that the world has relied so heavily on globalization, that if one market falls, it takes the rest with it. There are millions of Americans opposed to the WTO, UN, and other massive global buracracies that cause so much interdependance, which can kill any country - regardless if it's the US hurting Europe, or vice versa.
Also, to quote Starcraft Maniac:
Back from the dead, I'm afraid.
fkusumot said:
What's the opportunity? How would you know that certain investmensts are undervalued? The only strategy that has made money in the long run is buy and hold. If you haven't been invested and have been holding your assetts in cash during a big run-up you're already behind in the investing game because of inflation. You would have to make more in a downturn to cover the money you left on the table during the upswings to make it a viable strategy. That said, your last sentence is very true. The savings rate has gone negative and that means people are spending more than they earn. Not a good strategy to be over-extended when the bubble pops which seems to be what might be happening now. |
Right now?
I'm not sure I would switch my investments today because I believe that a large portion of the markets' movement is unpredictable.
I am watching banks at the moment though ... I suspect that over the next 6 to 12 months banks are going to be taking a beating due to the sub-prime mortgage crisis and (soon enough) credit-card crisis; the nasdaq-bank index is already at a 4 year low and will (likely) drop to a 7 to 10 year low before this is all over. The banks that survive will have huge potential for growth over the next 5 to 10 years, and the index as a whole will probably be one of the best 5 year investments you can make.
*Sigh* Please stop that discussion please about USA or EU is the best..
Sorry but yes the recession comes from the problems in the USA...It could be different it could be EU's fault but it isn't...Why do some feel so offended by it?
| mrstickball said: Welcome to 1928 again. Where Credit causes a massive American depression. Sadly enough, the banks should all be destroyed. The US housing market has been booming for years - with home ownership reaching 75-80%. Unfortunately, alot of those houses were bought with credit by people that cannot afford them. Good thing I'm getting into purchasing apartment complexes. When everyone runs away from defaulting on their mortgages, they'll run straight into my complexes. Also, feel free to blame America for your problems. It's everyone's fault that the world has relied so heavily on globalization, that if one market falls, it takes the rest with it. There are millions of Americans opposed to the WTO, UN, and other massive global buracracies that cause so much interdependance, which can kill any country - regardless if it's the US hurting Europe, or vice versa. |
Which is why we need to do something about ILLEGAL IMMIGRATION. This is a huge problem where I live, and if we were to stop it, then we wouldn't have nearly as many poor people living in houses they can't afford.
Don't worry guys. Recessions are a natural occurance. That's why Bush's government spent their term in office using the good years to pay down debt so that they'd have more money to pump into the economy to offset slow downs such as this one...
Oh wait.
I'm a mod, come to me if there's mod'n to do.
Chrizum is the best thing to happen to the internet, Period.
Serves me right for challenging his sales predictions!
Bet with dsisister44: Red Steel 2 will sell 1 million within it's first 365 days of sales.
| stof said: Don't worry guys. Recessions are a natural occurance. That's why Bush's government spent their term in office using the good years to pay down debt so that they'd have more money to pump into the economy to offset slow downs such as this one... Oh wait. |
they did ?? that new for me
insomniac17 said:
Which is why we need to do something about ILLEGAL IMMIGRATION. This is a huge problem where I live, and if we were to stop it, then we wouldn't have nearly as many poor people living in houses they can't afford. |
Blame it on the immigrants now 
?
And ILLEGAL immigrants can buy houses wow that surprised me...
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