Hi, im from Montreal and here it's on all tv channel it's look like the US economy is going to fail. The supposed stronger country in the world will become the biggest loser ?!? Please tell me what happen the true!! Thx A++
Well, if that happens, I would change all my paypal settings to Euros instead of Dollars! i think we will have more jobs in that case. 'We', here means, freelancers like us, because it would help companies get more done for a lesser cost. A drowning economy is always a good time for freelancers
When you are going to convert your EURO tu USD the exchange rate will be the same. Why would you change your currency to EURO? Thx a++
Its nothing to worry about, it was worse than this in 1987 and worse than that in 1929, it'll rebound, but look for several years of lean times which will probably be good for everyone concerned.
This is a cycle. It will happen now and then. The reason for this oversubscribing for loan, which lead to bankruptcy. Hope US will get revived from economic shock soon...
i think this is only the begining ..... financial sectors may see more downfall from here and no economy can handle big losses like 1000 billion $ easily and other worst reports are waiting... according to me, 2009 year will be the worst year ever for global economies. Nasdaq and Dow May fall further about 30 % from current level in 2009
It is part of the economic cycle that was delayed by policies of the previous Fed. Economic bust and boom are part of the nature of the cycle to correct for any anomaly in the system. To artificially control and manipulate it till the bubble burst will result in a far more painful recession which we may be experiencing in the near future. But there is nothing to worry about, the recession may be more severel but it is still far away from the end of the world.
There is no doubt that we are in for rough times, the market lost 777 points today on top of other major drops already in the past couple of weeks. This is just something that will have to work itself out. One of the major reasons for all this is how many new houses were being built. I personally know developers that has lost large plats of land with houses built because they could not pay for them any more. I can go out and drive around and find several houses that have been built and has never had any one even look at buying them. That kind of business can only go on for so long before somebody is gonna run out of money. In this case the banks kept on giving it out like it was going out of style and once the bottom fell out, all those houses that were over appraised are no longer worth enough for the owners to sell and break even. But even with all the problems America is still strong and will recover. People will lose jobs and times will be tough. Bill Heard(chevrolet dealer) just shut down 13 stores, 3500 people lost there job a few days ago but those people will find new jobs and recover.