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So do you think we are expecting one more Recession ?

Robin John
Ranch Hand

Joined: Sep 10, 2008
Posts: 270

Just one line views on what you think about the stock markets crashing now ? are you(your country) going to get hit ?


Time is what we want the most, but what we use the worst. -- William Penn
Ananth Chellathurai
Ranch Hand

Joined: Nov 21, 2007
Posts: 349

I think "NO".


Ananth Chellathurai [Walk on software]
Frank Silbermann
Ranch Hand

Joined: Jun 06, 2002
Posts: 1385
Aside from the housing debacle, the last recession was triggered by high oil prices. Once it seemed we were recovering, oil prices shot up again. So we're going into another recession.

I think what will happen is that we'll reach a steady-state of permanent poor economic performance that will keep oil prices from going beyond moderately high. The consistently somewhat-high oil prices will increase development of alternative sources of energy. We will not see good times again until those alternatives suffice to keep the price of oil low -- or until oil becomes a small enough part of our energy portfolio that high oil prices no longer bother us.

Btw, I don't think reurbanization and tiny cars will suffice. It's the impact of oil prices on food prices that hurts our budget far more than the cost of gasoline for our own vehicles.l
fred rosenberger
lowercase baba
Bartender

Joined: Oct 02, 2003
Posts: 11154
    
  16

so much for "one line views"...


There are only two hard things in computer science: cache invalidation, naming things, and off-by-one errors
Pat Farrell
Rancher

Joined: Aug 11, 2007
Posts: 4646
    
    5

not a crash. Oct 19, 87 was 500 points out of 1800. I expect continued blah economy in most of the world.
Lalit Mehra
Ranch Hand

Joined: Jun 08, 2010
Posts: 384

certainly, there will be something to be cautious of ... but not to be afraid ... i think my country will survive


http://plainoldjavaobject.blogspot.in
Kaustubh G Sharma
Ranch Hand

Joined: May 13, 2010
Posts: 1270

No Not want this thing again....


No Kaustubh No Fun, Know Kaustubh Know Fun..
Peter Rooke
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Joined: Oct 21, 2004
Posts: 800

"Financial weapons of mass destruction" are starting to unwind! Another bubble and too much greed!


Regards Pete
Lalit Mehra
Ranch Hand

Joined: Jun 08, 2010
Posts: 384

I'm Still Unemployed and will be unemployed if something happens ... although it's really sarcastic of me ... but i can't help it both sides ...
Maneesh Godbole
Saloon Keeper

Joined: Jul 26, 2007
Posts: 10169
    
    8

It's kind of funny how human psychology is.
The same Standard and Poor (wrongly) rated all those banks and institutions AAA which led to the subprime fiasco. And now this.


[How to ask questions] [Donate a pint, save a life!] [Onff-turn it on!]
Aditya Jha
Ranch Hand

Joined: Aug 25, 2003
Posts: 227

If anything, the 'loss' insurance companies are going to face in UK, especially in London, will add worries about recession.
Roshan Ramesh
Greenhorn

Joined: Jul 12, 2010
Posts: 8
Back on Ranch after a break

I strongly agree with the points mentioned by Frank on having an alternate sources of Energy. Be it through wind, bio degraded fuels, nuclear etc.., Every country should be provided enough funds for building one such by UN.

The more we are dependant on these fossil fuels, we will be witnessing the financial ups and downs in a very frequent manner.



Pat Farrell
Rancher

Joined: Aug 11, 2007
Posts: 4646
    
    5

Roshan Ramesh wrote: Every country should be provided enough funds for building one such by UN.


And pray tell where would the UN get the trillions of dollars to pay for such a boondoggle?
sanjey asok
Ranch Hand

Joined: Jul 11, 2009
Posts: 39
I am from India and here people starting rumoring that another recession (in global economy) is awaiting and going to hit Software industries in India very soon .

People can share your valuable views on the same?
Jan de Boer
Ranch Hand

Joined: Dec 10, 2010
Posts: 349
Ahm, double dip crisis?

Well if it happens, I at least now have a job, reserves in the bank, and no more alimony to pay...

But I think this present crises is more local. Local Euro crises in the EU. I really want to go back in time and plead to keep the Dutch guilder ten years ago... Don't do it, don't do it!!! Oh, but on holiday now we do not have to change currency, yes that really counterbalances it...

And the USA actually never really recovered from 2008, is still in crises, and has had too much depths since half a century.
Jan de Boer
Ranch Hand

Joined: Dec 10, 2010
Posts: 349
Side question. And may-be this should be in job discussion. But do you actually work harder now?

I do. The threat makes me look at opportunities in work and schooling to better myself, even more then normal. Better be prepared if it happens.
Maneesh Godbole
Saloon Keeper

Joined: Jul 26, 2007
Posts: 10169
    
    8

Jan de Boer wrote:Side question. And may-be this should be in job discussion. But do you actually work harder now?
I do. The threat makes me look at opportunities in work and schooling to better myself, even more then normal. Better be prepared if it happens.


It's been my experience that most of the times, you dont play the game, the game plays you.
The best thing I like about scouts is their motto. Be Prepared! That's all you can really do.
 
I agree. Here's the link: http://aspose.com/file-tools
 
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