The year 2008 marked as the end of the Bush administration and with it the end of the good economic growth starting in the 90's. We are now officially on recession. And it is not just the USA but all over the globe.
Againts this backdrop, how would you assess the coming year as it could affect you financially?
(Dec. 16, 2008 07:23 AM)theAdviserMe Wrote: [ -> ]The year 2008 marked as the end of the Bush administration
Well, really that will be January 2009, but THANK GOD.
theAdviserMe Wrote:Againts this backdrop, how would you assess the coming year as it could affect you financially?
I think 2009 will be much of the same economically, unfortunately. We're going to be stuck in this ditch for a while. For me personality, that means not eating out as much as I'd like, using coupons, not driving around much, only buying the food that's on sale in the grocery store, and being thankful for my mother's stable job and my new job that I got after the company I work for folded up last month. Hopefully in 2010 things will be much better.
Well globally we could all work together to make this thing right itself. I am sure that the world is willing to work together too. If we got all the investors to come out of their shells and start buying into things again then they could bring it back up to profitable areas.
I believe it starts with a few - if they import more then they will lose money, but where they are importing from gets money, so, if they all increase importing and exporting then they can all make money, as prices grow the more they circulate. If it changes hands more and more the price goes up, so all they need to do is make sure it keeps changing traders. Maybe what is needed is more traders bringing prices down for that segement of the market, and investigation into middle men price fixing. If they work together then we are all doomed, but if they are divided and numerous then it bode well.
Now what should happen in Africa and Asia and South America, in the less developed but big markets, is that there should be more middle men set up by the other coutries to keep prices down. If there is only a few middle men traders in these places then there might be a few people taking the money in and banking it, but, seeing as how banks are folding due to loans, and the economy is going down over the globe, I presume that one of the reasons for this is that there are not enough middle level traders in these places. If the markets go down these people also lose money, but it might be them causing the drop in value, so, they are even defeating themselves.
I suggest more middle men companies from the west going into these places to keep prices down so that the wealth is divided more and prices drop leading to increased money making.