Message boards :
Politics :
The state of the global economy
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Author | Message |
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Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
Why are we looking on helplessly as markets crash all over the world? This is one perspective on the current global turmoil. Oil prices at an all time low. China's economic turmoil. We all knew that there was going to be another global meltdown following the one in 2008 as they never fixed the problems that caused the first one and have done little to regulate Wall street and the banks. Is it coming soon? Will it be worse than the last one? Is it time to rethink how we do capitalism and give up on this free market nonsense? Reality Internet Personality |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Well with quite a few sanctions lifted against Iran, they intend to up production by 500,000 barrels, what that will do to the price of oil & the global economy is going to hurt & hurt hard. I'll lay odds that many manufacturing firms lays off a lot yet maintain their big bonuses !!! |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30661 Credit: 53,134,872 RAC: 32 |
We all knew that there was going to be another global meltdown following the one in 2008 as they never fixed the problems that caused the first one and have done little to regulate Wall street and the banks.Since the particular combination of regulations, requirements and loopholes provided the fuel for it, and those social engineering experiments have not been removed, you are correct, nothing has been done to fix it. Is it coming soon? Will it be worse than the last one?It will be different. Different market segments will be affected as we never recovered from the last one. Employment is still far below the levels before the crash. The gig economy is not going to allow a return to the levels before the crash. It seems as if many have given up ever having a good job. That is a change which will affect an entire generation. China's economic turmoil.It is almost comical to put these together. China is not a free market, it is a command economy. If it has issues, that argues forcefully that non-free markets are a failure. So if free markets are a failure and non-free markets are a failure, then all markets are a failure! There are no fixes possible in such a case. This is in fact correct. Any external input will cause some upset, it is only a matter of time before a loophole to that upset is discovered and exploited. A second input will then be required in another attempt to obtain the desired result. This process will continue forever. |
Gordon Lowe Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0 |
Are Ponzi schemes still a problem? The mind is a weird and mysterious place |
John Neale Send message Joined: 16 Mar 00 Posts: 634 Credit: 7,246,513 RAC: 9 |
As the last century has taught us: How about a social market economy? It's not new, though. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30661 Credit: 53,134,872 RAC: 32 |
So interesting..... Look at 2008 the end of Bush. Rich getting poorer and the poor getting richer. Look at 2010, Bush TARP program mostly ends, Obamacare enacted. Look at 2010 on, all Obama, the poor get poorer and the rich get richer. |
Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
So interesting..... Well no one in their right mind actually thinks Obama was actually left wing. Reality Internet Personality |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
Says the poster who claimed there are no toll roads in Texas and the US has the best economy in the world even though UNESCO stated that the US ranks second highest among all measured countries, with 23.1 per cent of children living in poverty, just under Romania's 25.6 per cent. Guy why don't you get data not just voice paranoid opinions? |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
Guy on Jan 14th you stated I can drive where ever I want without paying a toll.and in this post you stated Why don't you show me someplace you can't go because of a toll road and I see a logical cotradiction, if you don't I really question your logical reasoning abilities. The fact that I'm bit better off than the worst off does not excuse how the bottom 33% are living in 2nd world conditions in the richest country in the world. Both the wealth and income are here and less than 40% of the population receives their proportional share, which I define as their contribution to the effort. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30661 Credit: 53,134,872 RAC: 32 |
Well no one in their right mind actually thinks Obama was actually left wing.So center politics is bad, but wing politics is good. Insightful. |
Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
Well no one in their right mind actually thinks Obama was actually left wing.So center politics is bad, but wing politics is good. Insightful. I don't think he is a centrist either. He's on the same page as Reagan. Reality Internet Personality |
Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
Canada. Reality Internet Personality |
Frank Send message Joined: 28 Jan 14 Posts: 10 Credit: 14,413,096 RAC: 27 |
Poor in U.S. means free rent, free healthcare, free food, some state's free car, free cells phones for all in the house and that most people on so called welfare make approximately $60,000 in free stuff annually from our dwindling working class. Poor in the U.S. I think not ask if any of our poor would like to move to another country after you inform them of what they can get for free. I was smart and opened up a Roth IRA when young and working and now retired, I pay no taxes on my retirement withdrawals NO more free rides on my back anymore. You want to see poor visit South America they have real poor people those are the ones I donate to through my church to help feed and build orphanages for their needy children and decent housing other than the boxes some live in. True charity is not forced government confiscation of wealth. It comes from the heart. Frank |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
welfare make approximately $60,000 in free stuff annually Frank where did you pull that from? |
Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79 |
welfare make approximately $60,000 in free stuff annually LOL! From government website data, right, Frank? Link us up! ;) Capitalize on this good fortune, one word can bring you round ... changes. |
Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
Now back to reality. World facing ‘wave of epic debt defaults,’ says economist who predicted Lehman crash Reality Internet Personality |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
welfare make approximately $60,000 in free stuff annually It seems Frank is going to keep it a secret where he got his unfounded assertion. |
janneseti Send message Joined: 14 Oct 09 Posts: 14106 Credit: 655,366 RAC: 0 |
Now back to reality. That's Russian news media. And don't trust Nobel laureates in economics! World Economic Forum. http://www.weforum.org/events/world-economic-forum-annual-meeting-2016?utm_content=buffer07fc0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer |
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