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Forums - General - The Japanese Market is collapsing

starcraft on 17 March 2008
FishyJoe said:
famousringo said:
FishyJoe said:

Holy crap, the Japanese market is down almost 5% today. The US dollar is at an all time low. I have a bad feeling about this. Nintendo and Sony are falling too.

With the dollar so weak, it makes Japanese products very expensive in the US. Anyone hoping for a price cut from Nintendo or Sony better not hold their breath.

Consequently, this will make the Xbox 360 very cheap outside of the US.


Would it really? Aren't they built in China like everything else?


They are paying for them in US dollars to China, but are being paid in Euros or whatever country they are sold in. So for product sold outside the US, they are paying less to produce and taking more in dollars.


And as the Chinese currency is quite closely pegged to the $US, their relavtive costs here shouldn't go up much at all, whilst their income from Europe sales will probably stay high even after the price cut.  On the other hand, Sony and Nintendo (ok maybe just Sony) would have to eat some loses in order to cut again in the USA.



starcraft - Playing Games = FUN, Talking about Games = SERIOUS

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Lingyis on 17 March 2008

all we can do now is cross our fingers and hope. there's really not much to be said.

the "dollar standard" as we know it could be ending before our very eyes. i hope not, but it could well be the case.

the US economy is resilient, but this mess is pretty major. i hope european central banks realize that if america fails, the world economy suffers a great deal. in other words, i hope they would cooperate with the Fed a little more, which really isn't happening right now. it seems as though the europeans are taking a very passive approach to america's problems. you can't really blame them, but you just can't help but wonder just what is that they're thinking these days.

stock markets go up and down, that's fine with me. but the massive dollar depreciation is really worrying. i hope that the bottom is near and foreigners start buying US currency again.

one statistic: last month's Fed treasure auction was bought by only 8% of foreigners, as opposed to 25% a few months ago. that figure obviously need to go back up. only a perception that the dollar has hit a bottom would that happen, which is why other central banks need to cooperate with the Fed.

actually, it'll take more than just central banks, but at least it's start. plus it buys some time, at least.



the Wii is an epidemic.

starcraft on 17 March 2008
stof said:
Kazadoom - do you really think that everyone who criticizes George W Bush has no understanding of politics at all? Of course we realize that it's a complex world with numerous factors that all play together. It just so happens that the policies of the United States Government, which is led by the Republican party, whose leader is George W Bush is by far the most negative factor of them all. And George and his fellow party elite are the largest determining factor of those policies.



Islamic extremists?

Arms industry?

Oil industry?

Dictatorships?

Chinese communism?

Russian authoritarianism? 



starcraft - Playing Games = FUN, Talking about Games = SERIOUS

Krusnik on 17 March 2008
Loud_Hot_White_Box said:

Kazadoom's sig:

"Jesus Christ is the ONLY way to Heaven! (John14:6)"

But the heaven in the Bible is defined by Christians as a perfect eternal place that you can go by worshipping Jesus.  So the claim tells us nothing new.

And there's no heaven.

And, did John 14:6 actually say it just like that, or have you misquoted Holy Scripture?!??

And, Bush has not only affected the US and world economies in several ways (good posts by stof and Desroko ^^), but there are a number of other ways that Bush has been horrible for the people of the US and the world.  Example, the HUGE debt from the unnecesary Iraq war is not the only way that the Iraq war is reckoned wrong - if you believe in human rights while we are still alive on this puny imperfect planet before Bush and the conservatives of every nation manage to bomb us all right to "heaven" (make us worm-food).  

Jesus would denounce the Iraq war. 

I am appauled that fishyjoe--a moderator, in his own thread no less would let this type of behaviour slide. He didn't even so much as bat an eye and continued posting on the topic. Moderator are too laxed here.

 



Final-Fan on 17 March 2008

But Jesus WOULD denounce the Iraq war.



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

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Final-Fan on 17 March 2008
fkusumot said:
FishyJoe said:
I don't consider the dollar losing a third of its value part of the natural business cycle.
Why not? Really, I'm asking this as a serious question. I guess I'm asking for the underlying prolegomena of what is meant by "The Natural Business Cycle" and introduction and defnition of the terms that will be used for further discussing of whatever polemics you are advocating.

I mean really, why is this not a part of a natural business cycle?
When I see people saying "it's just the natural business cycle", I see them trying to say that the present goings-on are ORDINARY, as in "the economy isn't fucked". It's possible that I'm misinterpreting.

(At this point I am addressing many people and not fkusumot who I'm sure knows all the following) It's well-known to even the most casual and basic student of the economy (I'm talking high school here -- well, depending on what classes you took) that the natural business cycle of capitalist economies is boom-and-bust, which includes, obviously, the busts. It's the job of things like the Fed to mitigate the bad times, partially by reigning in the excesses of the good times without eliminating the good times. The Fed and others fell asleep at the fucking wheel, and a lot of that blame can certainly be laid at the feet of the Bush administration and therefore Bush.

Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

cwbys21 on 17 March 2008
kazadoom said:
All you people blaming George Bush, please name one thing that he specifically has done to cause this? It is amazing to me that you think that one man has all this power. Please name one thing that he himself did specifically that caused Japan's bad market, if it really is that bad. Plus the US market other than the housing market is not bad anyway.

 The Iraq war comes to mind.  That causes the price of oil to go up (just as it does whenever fighting breaks out in the Middle East), costs to fill tank to go to work/store/family goes up, cost to transport everything goes up, cost of electricity goes up in areas where they burn oil in power plants goes up, wages stay the same.



God hates console fanboys.

Final-Fan on 17 March 2008
cwbys21 said:
kazadoom said:
All you people blaming George Bush, please name one thing that he specifically has done to cause this? It is amazing to me that you think that one man has all this power. Please name one thing that he himself did specifically that caused Japan's bad market, if it really is that bad. Plus the US market other than the housing market is not bad anyway.
The Iraq war comes to mind.  That causes the price of oil to go up (just as it does whenever fighting breaks out in the Middle East), costs to fill tank to go to work/store/family goes up, cost to transport everything goes up, cost of electricity goes up in areas where they burn oil in power plants goes up, wages stay the same.
Even aside from that, the sheer cost of our involvement is helping drag us down.

Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

Rath on 17 March 2008
starcraft said:
stof said:
Kazadoom - do you really think that everyone who criticizes George W Bush has no understanding of politics at all? Of course we realize that it's a complex world with numerous factors that all play together. It just so happens that the policies of the United States Government, which is led by the Republican party, whose leader is George W Bush is by far the most negative factor of them all. And George and his fellow party elite are the largest determining factor of those policies.



Islamic extremists?

Arms industry?

Oil industry?

Dictatorships?

Chinese communism?

Russian authoritarianism?


 In the worldwide economic slump?

The oil and arms industries are booming, Islamic extremism hasn't had an effect since the post 9/11 slump, dictatorships cause far more localised problems, the Chinese economy is running well and Russias economy is actually recovering somewhat.



boden12 on 17 March 2008
outlawauron said:
kenzomatic said:
Loud_Hot_White_Box said:

Kazadoom's sig:

"Jesus Christ is the ONLY way to Heaven! (John14:6)"

But the heaven in the Bible is defined by Christians as a perfect eternal place that you can go by worshipping Jesus. So the claim tells us nothing new.

And there's no heaven.

And, did John 14:6 actually say it just like that, or have you misquoted Holy Scripture?!??

And, Bush has not only affected the US and world economies in several ways (good posts by stof and Desroko ^^), but there are a number of other ways that Bush has been horrible for the people of the US and the world. Example, the HUGE debt from the unnecesary Iraq war is not the only way that the Iraq war is reckoned wrong - if you believe in human rights while we are still alive on this puny imperfect planet before Bush and the conservatives of every nation manage to bomb us all right to "heaven" (make us worm-food).

Jesus would denounce the Iraq war.


I hope you get banned for being a douchebag.


I agree. I haven't personal attacks and trolling like this in a while. Go back to whatever forum you're from.

I also agree that we like to tag every problem to Pres. Bush. It's easy and no one bothers to disagree.


While a lot of this entire subprime fallout has more to do with the greedy lenders and hedge fund managers than George W this insanely expensive Iraqi war coupled with huge tax cuts has had the same effect as throwing gasoline on the fire.  So yes, George Bush is obviously not wholly responsible for the entire reason why we're in this mess, his horrible fiscal policies caused in the most part by his subpar intelligence and faith-based politics helped.  The consumer is tapped out with rising health insurance premiums, the cost of oil and food and with the further declining dollar...look out.