Current crisis is worst since Great Depression

[nhboy]

Current crisis is worst since Great Depression: Soros

"The billionaire investor says that global equity markets will fall more this year after a brief rebound and that the credit crunch is probably far from over

The current financial crisis across the world is the worst since the Great Depression and the credit crunch is probably far from over, according to billionaire investor George Soros. He also says that global equity markets will fall more this year after a brief rebound."

Indiainfoline.com-Top stories,Leader speak,company news,sector news,Market talk,lifestyle,budget,market today,global indicators

 

[vraiblonde]

Well, great! If Soros says it, and the only news outlet he can get to print it is in India, that means things are actually pretty good.

 

[itsbob]

I'm thinking the 70's were exponentialy worse then they are now.. but that's just me.

 

[vraiblonde]

I'm thinking the 70's were exponentialy worse then they are now.. but that's just me.

Bush has a ways to go before he hits Carter level inflation and economic downturns. Soros is an extremely anti-American Communist. He also happens to be the founder of the Progressive movement. I thought he'd gone the way of Cindy Sheehan and other heroes of the far left.

 

[Aerogal]

I don't see anyone going hungery, cold and unsheltered in THIS country because of the market. But gee, didn't our markets go UP everyday this week?

I am pissed at the fiscally stupid and the mortgage hounds for screwing up my 401k last quarter. And this would be same same people that want more of my earnings to be garnished for higher taxes to bail their sorry, stupid asses out in social payments and corporate bailouts.

 

[itsbob]

I thought he'd gone the way of Cindy Sheehan and other heroes of the far left.

he has for eveyone but the likes of NHBoy apparently.

 

[cwo_ghwebb]

prolly was the talking point of the day on MoveOver.coma or DummysUnderground.

but if it makes annoyhingboytoy happy, have at it.

 

[kom526]

I don't see anyone going hungery, cold and unsheltered in THIS country because of the market. But gee, didn't our markets go UP everyday this week?

I am pissed at the fiscally stupid and the mortgage hounds for screwing up my 401k last quarter. And this would be same same people that want more of my earnings to be garnished for higher taxes to bail their sorry, stupid asses out in social payments and corporate bailouts.

 

[Bronwyn]

I'm thinking the 70's were exponentialy worse then they are now.. but that's just me.

I look around at the huge homes, the shiny new cars in peoples driveways. I see all the people at the mall, and the lines at the grocery store. I know that not every corner of America is like this, but I just have to look around and wonder how it could be that bad. Sure, even I feel the pinch right now, but I have enough gratitude for what I do have not to cry about it. I compare what I have to what my own mother grew up with, and I know we are better off.

JMHO

 

[BuddyLee]

Oh, but it is worse than the Great Depression. Take it from me, I was there.

I was just waiting in the bread lines the other day. Nomoney did an indian-cut in front of me.

 

[BuddyLee]

I look around at the huge homes, the shiny new cars in peoples driveways. I see all the people at the mall, and the lines at the grocery store. I know that not every corner of America is like this, but I just have to look around and wonder how it could be that bad. Sure, even I feel the pinch right now, but I have enough gratitude for what I do have not to cry about it. I compare what I have to what my own mother grew up with, and I know we are better off.

JMHO

That's the thing. A lot of people these days don't know what real sacrifice is. Even I am priveleged, most of my generation is. I know of the concept of sacrifice and have made some but its nothing compared to what our grandparents and those before them endured.

Nowadays, if someone can't afford the new Honda this year, its a national economic crises.

 

[Bronwyn]

That's the thing. A lot of people these days don't know what real sacrifice is. Even I am priveleged, most of my generation is. I know of the concept of sacrifice and have made some but its nothing compared to what our grandparents and those before them endured.

Nowadays, if someone can't afford the new Honda this year, its a national economic crises.

I've heard about my mother living at the church when they were homeless. I've seen the tiny shack that my grandmother lived in when she was first married. I know that my great grandparents lived in the mountains of Pa in a shack with 13 kids.

I've lived a life of plenty. I know how spoiled we are.

 

[BuddyLee]

I know that my great grandparents lived in the mountains of Pa in a shack with 13 kids.

Them too eh?

My great grandparents lived in the mountains in Pennsylvania too. The weird thing was that my great grandmother was Amish and my great grandfather was full-blood Mallow Indian. They both broke away from their communities to be together.

 

[Bronwyn]

Them too eh?

My great grandparents lived in the mountains in Pennsylvania too. The weird thing was that my great grandmother was Amish and my great grandfather was full-blood Mallow Indian. They both broke away from their communities to be together.

Well, mine g-grandparents don't have any romance in their story. He was 27 and she was 13 when they married. In the end, he hilled her with an ax, and then shot himself in the mountains.... lol.

It doesn't run in the family.... seriously

 

[BuddyLee]

Well, mine g-grandparents don't have any romance in their story. He was 27 and she was 13 when they married. In the end, he hilled her with an ax, and then shot himself in the mountains.... lol.

It doesn't run in the family.... seriously

I think I saw this movie...the Pennsylvania Chainsaw Massacre.

It doesn't run in my family either...the Mallows were cannibals from what I've heard.

 

[Bronwyn]

I think I saw this movie...the Pennsylvania Chainsaw Massacre.

It doesn't run in my family either...the Mallows were cannibals from what I've heard.

Every family has it's balck sheep...

 

[AK-74me]

I compare what I have to what my own mother grew up with

in a way I wish it would go back to that.... atleast for a little while to show some of the ungratefuls how lucky we are.

I grew up, not even that long ago, with no A/C, no cable, one rotary phone in the house, no computer, one TV. When I was finally like 12 years old nintendo came out and I got a 13 inch TV in my room so I could play my two nintendo games. O yeah that was also the year that my oldest sister went to college and I got to stop sharing rooms with my other sister. Wasn't that bad and the generations before me had it way worse so I felt lucky.

Not that many people feel that way today I am afraid.

You know how you'll be able to tell when people are struggling. Cell phones.... people well start giving up their cell phones.

 

[BuddyLee]

Cell phones.... people well start giving up their cell phones.

Nah. Their homes will foreclose and they'll go on Welfare and foodstamps first.

I'll put my next paycheck against it.

 

[Bronwyn]

in a way I wish it would go back to that.... atleast for a little while to show some of the ungratefuls how lucky we are.

I grew up, not even that long ago, with no A/C, no cable, one rotary phone in the house, no computer, one TV. When I was finally like 12 years old nintendo came out and I got a 13 inch TV in my room so I could play my two nintendo games. O yeah that was also the year that my oldest sister went to college and I got to stop sharing rooms with my other sister. Wasn't that bad and the generations before me had it way worse so I felt lucky.

Not that many people feel that way today I am afraid.

You know how you'll be able to tell when people are struggling. Cell phones.... people well start giving up their cell phones.

You must be about the same age as moi.

 

[AK-74me]

Nah. Their homes will foreclose and they'll go on Welfare and foodstamps first.

I'll put my next paycheck against it.

No you are right. I mean really bad though, like lining up at soup kitchens. Though you still might have a few talking on their cell phones as they stand in line for a bowl of soup.