How bad can things get?

DavesLaw

The current economy has really gone bad!

Some of the largest companies in the world are in so much trouble that the governments are forced to bail them out to ensure security for the public.

Things I believe are going to get alot worse unfortunately.

Who's ready for the worse to come?

crazygaijin

DavesLaw wrote: »

The current economy has really gone bad!

Some of the largest companies in the world are in so much trouble that the governments are forced to bail them out to ensure security for the public.

Things I believe are going to get alot worse unfortunately.

Who's ready for the worse to come?

You could say how good will things get?

Let the big rich guys at the top go bust, and let house prices come back to the mean long term average. Why does this have to be bad?

ad9898_3

The future will certainly be different, of that there is no doubt, money and resources no longer exist for the world to have the lifestyle it had in the last decade, so will things be worse ?, depends on your point of view, but it will be different.

tattycath

NEW CILLIT BROWN !!....BANG !!....AND YOUR WEALTH IS GONE !!:rotfl: :rotfl: :rotfl: :rotfl:
Love the sig ad9898

chrisandanne

I was sick of the avarice...the total focus everyone seemed to have on what they'd got, what they were going to get.......I was sick of the plastic toys given away free with meals, produced in sweat shops....sick of two pound T shirts in Primark that we all knew were produced by kids that had nothing..........I wondered what sort of a screwed up world we were in and what sort of country my grandaughter was growing up in............I hope to god we are going to go back to a time when we have less....when we realise we do not need to live like this, we must be the most spoiled, arrogant and selfish people on the planet.

A x

ad9898_3

tattycath wrote: »

NEW CILLIT BROWN !!....BANG !!....AND YOUR WEALTH IS GONE !!:rotfl: :rotfl: :rotfl: :rotfl:
Love the sig ad9898

I am glad it brings a smile to your face, it's also unfortunately become the 11th commandment.:rolleyes:

Generali

Worst case scenario is the the UK Government has to default (or effectively default by printing money) on debt. It's not the most likely outcome from here but it's a possibility.

DavesLaw

crazygaijin wrote: »

You could say how good will things get?

Let the big rich guys at the top go bust, and let house prices come back to the mean long term average. Why does this have to be bad?

I would have to disagree!

Yes the big rich fellas are losing money and their wealth - but most of them will remain healthy and wealthy.

But you have got to look at what is happening.

Governments are bailing out major businesses around they world - and doing so is pushing them into huge debt - which is not good for the economy.

Yes government stimulus packages are being done up - but these will only help so much.

This is a major change in our economy and looking back at history and sticking to some economic principles with cycles there is a known 80 year cycle. Firstly the 80 year cycle has been due to hit in the year 2010 - we seem to be a little early because of all the greed of the corporate bosses.

80 years ago - The great depression... I know people will go - depression whatever it won't happen - well 2 years ago when everything was booming people didn't believe it when people claims of recessions or big correcting in the economy could come through... well they have now... so what about this?

What happens to the world when the economies around the world can't hold up. Property markets can crash (well we have seen that already) share prices have crashed.

I believe much much worse could be on its way and for a long period of time before recovery will be sustained.

This is my 2 cents worth anyways... but I finish with a fact.

What happens to the price of assets around the world when generation Y is coming through as the new leaders (and are the worst investors in the world - and been labeled as the most financially unfit generation of all time) are not investing and won't save - well you can see some major changes that this can cause - but what happens if the baby boomers who hold over half the world assets start retiring and start selling all their assets... you could see another major fal in the economies if this happens... basic economics - supply and demand - too much supply not enough demand will cause prices to fall.

Peace!

ad9898_3

chrisandanne wrote: »

I was sick of the avarice...the total focus everyone seemed to have on what they'd got, what they were going to get.......I was sick of the plastic toys given away free with meals, produced in sweat shops....sick of two pound T shirts in Primark that we all knew were produced by kids that had nothing..........I wondered what sort of a screwed up world we were in and what sort of country my grandaughter was growing up in............I hope to god we are going to go back to a time when we have less....when we realise we do not need to live like this, we must be the most spoiled, arrogant and selfish people on the planet.

Hacked off as well tonight

Don't be down Anne, the end of the things you mention will come eventually, they will be forced upon us by the passing of time, a lot less time than many people think.

1984ReturnsForReal_2

How bad can things get?

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WORSE

lostinrates

You know, I think the doom is getting to me again.