US economy going down? Will it recover? - THE US Financial Crisis.

[colossus]

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Of course, we would not want to experience the adverse effects of the US recession. Surely, not only their country will be affected. Many other countries will be affected.

If and when US recession happens, we should be prepared. And I'm glad the government is preparing for it. At least, we will not be left groping in the dark if such circumstance happens. I've read news on measures which the government is taking to further social services to the people. That would mean a more stable economy for us, despite US recession.

[EZRA]

Hold On Tight boys (and girls) .... that big crash is happening TODAY!!!!!!!!!!

[ian_1983]

Hold On Tight boys (and girls) .... that big crash is happening TODAY!!!!!!!!!!

Futures this morning DOW was down by almost 600pts. pero ni balik sa 350
maybe naka influence ang HOMES SALES REport for September nga ni abot ug
almost 5.1 million, the largest since Sept of 2007. Asia markets yesterday gi kulata
tanan sa selloff...peso to dollar now is 49=1.

UK in recession na..in addition to Denmark, Iceland, Spain. In Asia South Korea is next.

Mao nani....

[EZRA]

Panic in the market - good thing ni settle na sa intra-day trading. Pero tan-awn pa ni and hopefully the calm would go all the way `til market closes. Ka apan lang, daghan ang naay potential nga ma margin call. Mao nay gi atngan karon.

[Wardelicous]

nag tipid maau ang US karon kay hapit na election nila. pugong sila tanan

[EZRA]

Wa ko kasabot... tipid in what way? And what does the election has got to do with it?

[INFRACTION]

US consumers tend to cut spending thus worsening the situation

[EZRA]

Yes, but you can't really blame them. When credit is frozen and interest rates are high.. who would want to go shopping.

When Wardelicious said about "Nag TIPID ang U.S." - I thinking that he's talking about the Government itself.

[INFRACTION]

Probably Wardelicious is referring the government's next move to cost cutting in response to US financial crisis.

[EZRA]

Well... so far the Govt. is not doing it. They're actually planning on injecting more $$ towards the banks. Funny thing is - the banks have already showed some hesitation to use those injected funds as loans. Pero They're thinking about hoarding the cash instead. And karon, as pero Bloomberg TV report earlier today, nga mao lagi - mo puno pa gyud sila ug funds.