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Forums - General - How is our economy doing?

SaviorX on 04 April 2009

I don't know much about economics, but for anyone that does, what is going on?



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TheRealMafoo on 04 April 2009

It's bad, and it's getting worse. We are on a path towards bankruptcy as a country.

Here is the blunt truth about our future.

We as a nation have been living above our means. We have been living a lifestyle we can't afford, and what we are doing now is trying anything we can to keep the lifestyle going, and in many way improving it.

We are about to expand governments costs and role in out lives to a level never seen before in the US. It's going to cost 3 times more to run the country in 2010 then it did in 2007. We plan to spend this money without collect much more in income.

I equate this to a family with 10 credit cards maxed, debt up to there ears, and a house about to be foreclosed, going out and buying a new car.

The only way you can come out of where we are, is to live a lifestyle below our means until we get caught up. We are not willing to do so at the moment, one day we will have no choice.

So, don't worry about starving to death, but don't expect to live like it's the 90's again in your lifetime.



Snake612 on 04 April 2009

The stocks have been pretty good as of recently. I think we will see the end of the recession by the mid of the 2nd quarter of 2009.



TO GOD BE THE GLORY

TheRealMafoo on 04 April 2009
Snake612 said:
The stocks have been pretty good as of recently. I think we will see the end of the recession by the mid of the 2nd quarter of 2009.

Home values are down. Foreclosures are still up. Unemployment is still on the rise.

The stock market is a reaction to the G-20 talks, and the GM and Chrysler bailouts. It will only take one event to bring it back down (like a major bank failing, or when GM fails, or any number of 1000 things that can happen).

With the explotion in government spending, the reduction in the GDP, people loosing there jobs and there homes on the rise, something has got to give. We have not hit the bottom yet.



mrstickball on 04 April 2009

The economy will improve...Eventually. However, if the government funds these new social programs through raising taxes, especially on corporations and businesses, it'll recovery very slowly thanks to a repression on businesses.

The big issue with the recession is that the government is swooping in and trying to save businesses, despite the fact they can, and should, fail. This will hurt the economy, overall, as corporations that didn't fail, and citizens that didn't overspend, have to bankroll bad decisions by those that do.



Back from the dead, I'm afraid.

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highwaystar101 on 04 April 2009

*Highwaystar does humorous disco dance to lighten mood*



Gilgamesh on 04 April 2009

Canadas doing great, it not affecting us that bad.

Hell where I'm from everyones just excited that gas prices are down, the economy doesn't bother us :)



marktheshark275 on 04 April 2009
TheRealMafoo said:
Snake612 said:
The stocks have been pretty good as of recently. I think we will see the end of the recession by the mid of the 2nd quarter of 2009.

Home values are down. Foreclosures are still up. Unemployment is still on the rise.

The stock market is a reaction to the G-20 talks, and the GM and Chrysler bailouts. It will only take one event to bring it back down (like a major bank failing, or when GM fails, or any number of 1000 things that can happen).

With the explotion in government spending, the reduction in the GDP, people loosing there jobs and there homes on the rise, something has got to give. We have not hit the bottom yet.

 

 So what do you think the percentage of unemployment will be when the economy hits the bottom if it hasn't done so already?



I LIKE REDMOON ONLINE. IT'S TEH MOST AWESOMEST MMORPG. RUNESCAPE HAS NOTHING ON IT. ;) My full Videogame collection (Well, not really that full): http://www.backloggery.com/marktheshark I'LL COOL YOUR ANGER WITH AN ICE SPIRIT BLAST!!!!111111!!!!!!111!!!!1!!! List of vg studios that've been shut down this generation: Digital Anvil Headfirst Productions Frog City Software (Subsiduary of Take-Two) Indie Built (Subsiduary of Take-Two) Wolfpack Studios Core Design (Subsiduary of Eidos) Rockstar Vienna/neo Software Produktions GmbH (Subsidiary of Rockstar Games) Clover Studios (Subsiduary of Capcom) Sidecar Studios Flagship (Subsiduary of Capcom) FASA Studio Nihon Telenet EA Chicago aka NufX (Subsiduary of EA) Kush Games (Subsiduary of Take-Two) Concrete Games (Subsiduary of THQ?) Iron Lore Entertainment Carbonated Games Stormfront Studios Pseudo Interactive PAM Development (Subsiduary of Take-Two) Venom Games (Subsiduary of Take-Two) Castaway Entertainment Flagship Studios Pivotal Games (Subsiduary of Eidos) Sierra Entertainment (Subsiduary of Activison) Helixe (Subsiduary of THQ) Mass Media (Subsiduary of THQ) Locomotive Games (Subsiduary of THQ) Paradigm Entertainment (Subsiduary of THQ) Sandblast Games (Subsiduary of THQ) Brash Entertainment Jaleco (Assets sold to Game Yarou) MS Aces Rockpool Games (Subsiduary of Eidos) Seta Corporation Humanature Studio (Subsiduary of Nexon) Ensemble Studios Straylight Studios 3D Realms GameLab Factor 5 America's Army Studio The Fizz Factor (Subsiduary of Amaze Entertainment) GRIN Software Bottlerocket Entertainment Shaba Studios (Subsiduary of Activision) Transmission Games Pandemic Studios Ninja Studio Fuzzyeyes Studio Near Death Studios Deep Silver Vienna (Subsidiary of Deep Silver) Incognito Entertainment (Subsiduary of SCEA) Matahari Studios (Subsiduary of Kuju?) Luxoflux (Subsiduary of Activison) Underground Development (Subsiduary of Activison) Red Octane (Subsiduary of Activison) Universomo (Subsiduary of THQ) Cing Zushi Games Javaground Silver Style Entertainment Cheyenne Mountain Entertainment Secret Level (Subsiduary of Sega) Ninja Studio Monte Cristo Cavia Flight-Plan Sparkplay Media Realtime Worlds Gaia Krome Studios Budcat Creations NetDevil Outerlight Propaganda Games (Subsiduary of Disney Interactive) MTV Games Bizarre Creations 7 Studios (Subsiduary of Activision) Pi Studios Cohort Studios Frozen North Productions Killaware Game Republic Titan Studios (Subsidiary of Epic Games China) Kaos Studios (Subsidiary of THQ?) THQ Digital Warrington (Subsidiary of THQ) Blue Tongue (Subsidiary of THQ) Black Rock Studio (Subsidiary of Disney Interactive) Blue Fang Team Bondi Darkworks Multiverse Monumental Games Bigbig Studios (Subsidiary of Sony) Hudson Soft (Subsidiary of Konami) Spellbound Entertainment Zipper Interactive (Subsidiary of Sony) 4mm Games 38 Studios Big Huge Games (Subsidiary of 38 Studios) Rockstar Vancouver/Barking Dog Studios (Subsidiary of Rockstar Games) Radical Entertainment (Subsidiary of Activision) SCE Studio Liverpool/Psygnosis (Subsidiary of SCE World wide Studios) Project Sora (Subsidiary of Nintendo) Black Hole Entertainment Paragon Studios (Subsidiary of NCsoft) Crave Entertainment Eurocom THQ Vigil Games (Subsidiary of THQ) Junction Point Studios Milestone Inc. Lucasarts Eden Games (Subsidiary of Atari) Silicon Knights Timegate Studios EA Phenomic (Subsidiary of EA) Blitz Games Neverland Ea Black Box (Subsidiary of EA) Terminal Reality Two Tribes B.V. Irrational Games Maxis (Subsidiary of EA)

coolestguyever on 04 April 2009

If the government just left things alone, the economy would fix itself over time. The dying industries (the US auto industry) would go away and we'd find a new industry to rely on.



SciFiBoy on 04 April 2009
highwaystar101 said:
*Highwaystar does humorous disco dance to lighten mood*

 

*scifiboy sits in corner with popcorn and laughs at highwaystars dancing*