The economy of the world!

[Dr_Odin]

It does not need any description:

Discuss!

[Heroic_Chaz]

It's sucking much.

[Neo48]

Japan's prime lending rate is 0%

And the rest of the world may follow.

That's probably the best description of the current situation.

[BenoitRen]

The economic crisis is kind of an advantage to me, as the euro has remained stable, while the dollar and British pound have lost a lot of value. This makes online shopping cheaper!

[Heroic_Chaz]

Cheaper for YOU... oh, the U.S. is suffering!

[Danny]

Ugh, same problem in Canada too... Damn banks and insurance people ruined the economy! I never trusted those people, this is what happens when they get too money hungry and rip off the entire country. The Govenment should not have bailed them out with money. It's their mistake, they should have given the tax payers the cash, not them! Same goes for the darned auto industry! Make some better cars for a change!

Blast it, I hope they're happy now as they weren't when the Canadian dollar was high. "Oh, too many people are buying from the US." How about lowering your prices a little? Well, I just hope it gets better soon as I don't like the high prices I'm paying now for almost everything...

[thriwren]

Ugh, same problem in Canada too... Damn banks and insurance people ruined the economy! I never trusted those people, this is what happens when they get too money hungry and rip off the entire country. The Govenment should not have bailed them out with money. It's their mistake, they should have given the tax payers the cash, not them! Same goes for the darned auto industry! Make some better cars for a change!

Blast it, I hope they're happy now as they weren't when the Canadian dollar was high. "Oh, too many people are buying from the US." How about lowering your prices a little? Well, I just hope it gets better soon as I don't like the high prices I'm paying now for almost everything...

Ya, dont buy our cars, we still get your money. But it would be more logical to give the moeny to the one who will use the money to buy stuff or do what ever with than to a group of companies who are not doing well. If people spent that money, then they might get to use some of the money that a person spent at one of there locations.

[BenoitRen]

The Govenment should not have bailed them out with money. It's their mistake, they should have given the tax payers the cash, not them! Same goes for the darned auto industry! Make some better cars for a change!

It's not the fault of eg. the car industry that there's an economic crisis, which affects their sales. Consider also that if they were to go bankrupt, a lot of people would lose their jobs. Is that what you want?

[Danny]

The Govenment should not have bailed them out with money. It's their mistake, they should have given the tax payers the cash, not them! Same goes for the darned auto industry! Make some better cars for a change!

It's not the fault of eg. the car industry that there's an economic crisis, which affects their sales. Consider also that if they were to go bankrupt, a lot of people would lose their jobs. Is that what you want?

I said the banks and insurance companies (along with Wall Street) ruined the economy, not the auto industry. All I was trying to say is that it's not fair that the Government is bailing them out and not helping the tax payers. How is that fair? How about helping everyone out equally? We're all suffering, not just them...

[BenoitRen]

When it comes to banks, it's tricky. I mean, sure, it would be a good thing to give us the money directly, but then again, the banks are where most of our money is! If they go bankrupt, all our money disappears.

The banks disappearing wouldn't have done us much good either, as they are a big driving force in the economy. If they recover, the rest should follow.

[Neo48]

General Motor's biggest factory in Canada already went bankrupt and thousands lost their jobs.

Most of this issue is rooted in America anyway. Thats the problem when the world is rooted in shifty organizations such as the WTO. When the big guy goes down, we all follow.

As far as the auto industry goes in Canada, blame our Conservatives, especially our provincial ones. I personally think that having Liberal provincial parties and Conservative federal parties would have saved GM and cost us less. Simply, they would have argued over where the oil revenue should go. But since the oil companies fund our provincial conservatives, they were more than happy to let the "Invisible Hand" take its course. Car companies had to jack up prices to keep profits high due to the high gas prices. But I suppose to many people decided that buying trucks from America was the better plan. (One could same thousands).

[Nate556]

I have a video on You Tube about this, check it out: http://www.youtube.com/watch?v=DonIfnwZ ... annel_page

[Neo48]

The trend continues. Canada's prime lending rate has fallen closer to the 0% mark. It went from 1.5% to 1% last night.

[Nate556]

I'm not trying to sound pessimistic... but things are only going to get worse. Our ecconomy is only going to get worse as our taxes go up and the price of oil goes up, our American Ecconomy is going to go even farther down hill than before, and I know that our ecconomy also impacts the global economy.
Also, expect terrorism to get worse... In the words of my father, "Prepare for the worst, and hope for the best." I really do hope my guesses are wrong and things get better.

[BenoitRen]

I agree that we haven't seen the worst yet. But I don't think taxes will increase all that much. Obama is going to lower your taxes, and rax the filthy rich more.