Help me understand.

Discussion in 'Economics' started by smithfix, Dec 6, 2009.

  1. Rohok

    Rohok

    Just wanna add something real quick!!

    During the middle 90s trough the early 2000s we had the internet boom which was a breakthrough. It created new jobs, new companies, new technologies that averted any potential crisis.

    This crisis should have started there, but since we had a genuine innovation there was another bull run which took care of the recession that was due.

    If we cannot produce another breakthrough, be it something originally thought impossible (cold fusion comes to mind) we will have an enormous difficulty getting out of this crisis.
     
    #21     Dec 10, 2009
  2. exactly we need a breaktrough... however as long as the market is only a manipulated puppet, it will not provide it...

    Unleashed the market !
     
    #22     Dec 10, 2009
  3. buy and stock alcohol : rhum, whisky.
    These will always be in demand. :D

    Hyperinflation?
    Depends... Let's say more workers are fired, and have to take jobs with lower wages ... Let's say, public sector workers are fired en mass ( teachers, police officers,...) ... Let's say people are scarrrrred and save like mad, only buy discount...
    Then let's say, the banks tighten their credit criteria,... start refunding their borrowed money...

    A lot of money printed BUT few of this money tickling down...
     
    #23     Dec 10, 2009
  4. smithfix

    smithfix

    Ok.....so we have hyper-Stagflation?
    Booze takes a lot of room to store but brewing beer?
     
    #24     Dec 11, 2009