consequences of recession
Out of context: Reply #4
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- craighooper0
Ummm, yah, what this bloke above said is the way I think as well.
Look at it like this: rewind to May, June, and July. Unless you were wrapped-up yourself in a US-based subprime mortgage, the only "crisis" you even heard about was just that—that there was a mortgage fiasco going on in the US, and it was contained to 3 states, but those 3 states were hit quite hard: California, Nevada, and Florida. As the summer went on, we heard more and more rumblings about these mortgage-backed securities, and how they were dragging-down bank stocks in the US, and then come late August: BOOM. Wall St suddenly tanks at levels never seen, and then by October, the ENTIRE PLANET IS IN A PANIC.
Give me a fucking break—there's more to this than we know. If the global economy is that fragile, and can tank that fast—then we live in nothing more than an illusion, and an economic house of cards.
Is it real? Yep. Are we being told the truth about it all? Not a chance...
- the global economy is a big house of mirrorsutopian
- Hear. These things come in cycles, and seem to be perfect excuses to slash salaries. Everywhere.Peter
- th fault is in the lack of media reporting, not in the facts in realityTheBlueOne
- Good point Blue.********