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Recession
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76 / M / UK
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Posted 2/4/09
it's america's fault
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22
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Posted 2/4/09
things that sell?

food
car repair and maintenance
clothing (basic)
school supplies
fuel

Posted 2/4/09 , edited 2/4/09
recession is...:

a lot more time spent in doors + the amount of time spent on gaming + the increase of sex = a lot more money saved
Posted 2/4/09

Putter wrote:

things that sell?

food
car repair and maintenance
clothing (basic)
school supplies
fuel



huh? school equipment how much do you get your biro pens for?
Posted 2/4/09

KinkyBear wrote:

it's america's fault


yes, lets blame it on that nigg*
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Posted 2/4/09

goldengoat55555 wrote:


Putter wrote:

things that sell?

food
car repair and maintenance
clothing (basic)
school supplies
fuel



huh? school equipment how much do you get your biro pens for?


think of all students worldwide .....the uniform, school supplies, books, food, transportation, the fee
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24 / M / .....
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Posted 2/4/09

kyoukoujin wrote:

I don't get it why it's global recession.
I would understand one or two countries, especially third-world countries, are in recession because they couldn't compete evenly with other countries. But, globally, no.
In my view, someone is withholding the big chunk of money and wanting to see everyone be in financial despair for fun.


-its GLOBAL RECESSION due to our worlds interdependence to each other

-Basically, a recession is where the economy is contracting: Businesses aren't selling as much, so not hiring as many people, less money for those people to buy things, and so on down the chain. In absolute terms, a true recession is where there are two fiscal quarters or more of negative economic growth, which really means we don't know if we're in a true recession until 6 months after it starts... odd ain't it?

Ironically (to some), the value of the US Dollar is becoming worth more and more against some currencies like the Euro. Keep in mind that many European firms have been collapsing and being bailed out too.

As for the mega-rich, well, there really aren't "loads" of them out there like you might think. They comprise percents of percents of the population. They only lose lots of money if they invested it in companies and stocks that went bankrupt... or if their taxe

-Global Recession is coming and 2009 is predicted to be the worst year for US software market.If this becomes reality the impact on the other sectors is inevitable and the world economy is bound to crash, with that said US being no.1 "world supreme" meaning if America is on economic crisis were fucked

-
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24 / M / O.C. So.Cal
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Posted 2/4/09
im kinda glad because im gonna get a car this year or next year and scince there's a recession people are more desperate for money making cars cheaper and more haggling =)

*its the asian in me that wants a good bargain lol*
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Posted 2/4/09

LemonyPanda wrote:

im kinda glad because im gonna get a car this year or next year and scince there's a recession people are more desperate for money making cars cheaper and more haggling =)

*its the asian in me that wants a good bargain lol*


yeah...more/many supply and less demand
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22 / F / Lee Min Ho's mansion
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Posted 2/5/09
aw...

i thought RECESS...
my fave subject...lol...
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24 / M / In the middle of...
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Posted 2/17/09
hmm.. i feel that the global recession is just being made worse by the people affected by it. this phenomenon is called deeper recession. An example for this would be: Person A earning 2000 a month and spending 1000 and saving 1000 a month gets retrenched. he then proceeds to cut his spending from 1000 to 200 in order to help lesser the impact on his bank (he has no income now and relies on his savings to support his life). multiply this scenario by about a thousand and shop owners will have no source of revenue and be forced to shut down. As a result, those shop owners are considered retrenched and cut their spendings as well. the vicious cycle thus carries on.

(P.S. this is a simplified explanation and a better one could be shown with a graph stating the AD, SRAS and LRAS of an economy)

With government worldwide pumping in billions of dollars in various forms of stimulus packages, i feel that we should help the economy by spending normally and not keep the money received in the bank and this does not create new money.
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25 / M / Cavite, Philippines
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Posted 2/17/09
In the Philippines, nothing new. You Americans are so used to in your so called "prosperity" that you live your lives like there is no end... now feel the consequences.
Posted 7/26/09
The newspaper says the recession`s over . =/
Posted 7/26/09
I hate this recession. But at least it's getting better.
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75 / M
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Posted 7/26/09
right now we are in the depression
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