Asian Markets are down over 10%
10-08-2008, 03:47 AM
#1
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Join Date: Dec 2002
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Asian Markets are down over 10%
Everyone ready for the great depression? I'm gonna start selling dirty ripped jeans for a buck, they might come in fashion soon....
http://www.reuters.com/article/tokyo...00305720081008
http://www.reuters.com/article/tokyo...00305720081008
10-08-2008, 03:53 AM
#3
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Re: Asian Markets are down over 10%
I work as a service advisor, i had very good sales last week too, actually last month wasnt so bad cept for a hurricane taking out people electricity. This week i've been sitting on my hands doing jack ---- nothing. Cars dont sell then we aint got ---- to do, pretty much. Cars don't sell because no one is lending ---- atm. -_- at least pretty soon it will be a buyers market.
10-08-2008, 04:08 AM
#4
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Join Date: Aug 2003
Posts: 2,898
Re: Asian Markets are down over 10%
Originally Posted by 1337
I work as a service advisor, i had very good sales last week too, actually last month wasnt so bad cept for a hurricane taking out people electricity. This week i've been sitting on my hands doing jack ---- nothing. Cars dont sell then we aint got ---- to do, pretty much. Cars don't sell because no one is lending ---- atm. -_- at least pretty soon it will be a buyers market.
10-09-2008, 12:51 AM
#7
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Join Date: Nov 2005
Posts: 828
Re: Asian Markets are down over 10%
Well the stock market crashed in 1929, is wasn't till around 1933 that we actually entered the great depression, basically everyone got burned so they stopped investing money, everyone started saving all of their money which caused buisnesses to fail, people started losing their jobs (unemployment went up to 25%) yada yada.
Back then we were the worlds financier so alot of countries that depended on us, this time its the opposite and we are dependent on the countries that have been saving their money and lending it to us like china/japan, their stockmarket is falling rapidly, iceland is on he verge of failure, but yea you can still get a car loan and buy a house here so everything is peachy keen.
give it a year or so then we will know how bad it is, really the collapse has just started and since this has never really happened before noone is quite sure what to expect.
Back then we were the worlds financier so alot of countries that depended on us, this time its the opposite and we are dependent on the countries that have been saving their money and lending it to us like china/japan, their stockmarket is falling rapidly, iceland is on he verge of failure, but yea you can still get a car loan and buy a house here so everything is peachy keen.
give it a year or so then we will know how bad it is, really the collapse has just started and since this has never really happened before noone is quite sure what to expect.
10-09-2008, 01:46 AM
#8
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Join Date: Feb 2003
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Re: Asian Markets are down over 10%
I think I'm in most peoples' case, that I don't have any money wrapped up in the stock market. My businesses have their lines of credit already in place, and as long as people don't freak out, WTF does the stock market really have to do with me (a.k.a. everyday white people)?
In the long run, I'm a white male member of HMT, where we make ---- happen on the daily with two hands. I've got guns. Whatchu wanna do?
In the long run, I'm a white male member of HMT, where we make ---- happen on the daily with two hands. I've got guns. Whatchu wanna do?
10-09-2008, 01:49 AM
#9
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Join Date: Mar 2005
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Re: Asian Markets are down over 10%
Same thing for me, I don't have any money in the stock market, other than retirement fund which is sort of in stocks, but only around 14k in there so far, but thats long term, im sure in 16 years it will be higher. lol
i am really thinking about getting into the stock market with some money though, while its low, i think that its a good opportunity for people that have no money into stocks, to maybe get in it.
i am really thinking about getting into the stock market with some money though, while its low, i think that its a good opportunity for people that have no money into stocks, to maybe get in it.
