Falling Economic Trends
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23 / F / singapore :)
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Posted 1/28/08
If all of you watch the news or at least read the newspaper, you should know that the world's economic is dropping. the stock markets are unstable and the price of things just keep rising.

For your info, in 1988, there was a drastic fall in world's economy. then in 1998, there was anothr. izzit a concidence that for every 10yrs, there will be a fall? it is highly suspicious as its 2008 now, and there are obvious evidence that economy is falling.

i am just wondering if we can do anything about this. if not, my pocket money will be unstable too! haha.
thanks.

pls lock up this if theres any similar topic
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30 / M / Japan
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Posted 1/28/08
Actually, yes. Market trends tend to repeat in similar patterns, and some authors have come to term this as the Elliot Wave Principle. I'm not to familiar about it, but my dad likes to blurt it out, once in a while. It simply uses concepts from the Fibonacci sequences to determine when market forces will drive the economy up or down.


The last economic depression occurred in South East Asia and struck hard mid 90's (peak at 1996). It's popularly referred to as the Bubble Economy, because it refers to how a bubble just grows bigger and bigger, then eventually bursts.

Given the current trends, a depression seems eminent; but knowing this, doesn't that simply mean we have no reason not to prepare? Think about it.
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Posted 1/30/08
yes... the cycle will repeat itself almost every 10 years... and yes, prices of food are increasing due to insufficient supply... and i think the world is trying to do everything that they can to prevent a recession... but i think it is better if we prepare for one... cause it seems inevitable.
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Posted 3/19/08
we will and most likely going to enter the recession soon and if things get worst...depression...two major country the US and China is facing recession and major inflation soon. In the US the housing market is slumping, inflation, increase in oil price (happened everywhere),etc. In China, inflation rose by 7.1% this january. Increase in raw materials, fuel, and labor wage are increasing. Since china is one of the largest world provider, those price will pass on oversea consumers. It is like a snowball, once it started rolling..it keeps getting bigger..
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26 / F / Singapore (:
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Posted 3/20/08

gurlzrule wrote:

If all of you watch the news or at least read the newspaper, you should know that the world's economic is dropping. the stock markets are unstable and the price of things just keep rising.

For your info, in 1988, there was a drastic fall in world's economy. then in 1998, there was anothr. izzit a concidence that for every 10yrs, there will be a fall? it is highly suspicious as its 2008 now, and there are obvious evidence that economy is falling.

i am just wondering if we can do anything about this. if not, my pocket money will be unstable too! haha.
thanks.


I'm not sure what solution you want, however if it is to avoid the cycle, it's pretty much the third inevitable thing in life. This is a diagram of the business cycle that occurs (though, it is simplified and each recession does not take ten years to come - it's more for short-term growth and recession).

If you want to avoid a major recession, ask everyone in the world to keep spending money instead of saving up. It'll cause the economy to go back to previously (through the multiplier effect)
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23 / F / singapore :)
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Posted 3/20/08
and yes, frm what we can see till now, things are getting worse. so then,let us be prepared. lol.

*i sound like we're gna have a war or smth* >.<
Posted 3/20/08
time to get some put options :)
Posted 3/20/08
I don't wanna think about it! *Rawr*
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25 / M / Canada
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Posted 3/20/08
The next grocery bill is really going to hurt. With inflation currently driving prices up, I think we can expect to see things like bread prices double, maybe even triple, in prices. I heard there was a riot a while ago somewhere in Mexico because tortilla shells prices skyrocketed after doubling, then tripling. I'm not too keen on economics, so I can only hope the world doesn't slump into a major depression. Just how does one prepare for an economic recession, though?
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23 / F / Canada
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Posted 3/20/08
^ That's a good question...
I think that, if you see one coming, take all your money out of the bank (I think). I was reading that during the Depression in the 30s, banks closed and people couldn't get their money. I remember reading that banks took the money or something, but I can't remember. It's all hazy...
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