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Thread ID: 86601	2008-01-22 03:17:00	Sorry World, Here Comes Da Bad News	SurferJoe46 (51)	PC World Chat

Post ID	Timestamp	Content	User
632739	2008-01-22 22:04:00	Yes, more fondling and less fumbling:lol:	rob_on_guitar (4196)
632740	2008-01-22 23:00:00	We have had sharemarket crashes (29 and 87) and dot com bubbles and now a housing sub prime loan crisis all in the USA and all affecting the rest of the world greatly. It REALLY annoys me that in the USA the Federal Reserve (Alan Greenspan etc) did not see this coming and put a stop to it by regulating the banks and mortgage companies. You cannot have house prices double in a few years if the population is not doubling, or inflation is not doubling or there is no more land. The greedy fat cats made billions by lending money to people that would not be able to afford the higher payments. So that they could keep making money and so that houses kept being built. And now we (poor peasants) are all paying for that, and house prices have shot up in Australia, the UK and New Zealand for no good reason. Regards Digby	Digby (677)
632741	2008-01-23 00:42:00	There always will be recessions they come in cycles just as there is growth. So the sooner we get into a recession the sooner we will get out of one. The people in NZ who deserve to get burnt are the bastards who play the property market and push up the prices of the houses. Now the poor people cant afford to buy a roof over their head. They are trapped in a rent cycle. The Reserve Bank Governor has been pleading with nz investors to get out of property and invest else where. No !@#$ has taken any notice . America going into a recession is not so much a problem to the rest of the world as it once was. The worlds markets can trade in Euros and India, China CIS and the EEC are or will be as big as the US economy. C1	chicken one (6501)
632742	2008-01-23 02:42:00	Bring back Bill ! (Clinton, not Gates). . How about both? That would be awesome :thumbs:	beeswax34 (63)
632743	2008-01-23 09:19:00	[QUOTE=chicken one;636737] The people in NZ who deserve to get burnt are the bastards who play the property market and push up the prices of the houses. Now the poor people cant afford to buy a roof over their head. They are trapped in a rent cycle. The Reserve Bank Governor has been pleading with nz investors to get out of property and invest else where. No !@#$ has taken any notice .[QUOTE] I agree But every second show on tv shows people buying houses and doing them up and making a fortune. And the government does not encourage investments in other things. And why do we have to have interest rates 3 or 4 points higher than the rest of the world ? Why not start dropping them slowly and see what happens ? Regards Digby	Digby (677)
632744	2008-01-24 12:34:00	it's amusing how it took 8 years for the bush admin to finally ruin the US economy... i see that some news networks (like fox) are blaming the "economic downturn" on the impending democrat takeover of the whitehouse hilarious! i know, why doesn't th USA start a war? that usually helps with depressions... oh wait..... actually, the high oil prices caused in part by the US demand and moreso their military actions have probably had a big part to pay in this recession here's hoping oil prices finally fall - i'm glad to see petrol never hit $2 a litre as is in the meantime actually falling (i'm no economist, but having a war cause the thing to kill their economy has a certain poetic justice to it doesn't it?)	motorbyclist (188)
632745	2008-01-24 12:40:00	And why do we have to have interest rates 3 or 4 points higher than the rest of the world ? Why not start dropping them slowly and see what happens ? to slow inflation, though earlier this year we already saw that japanese investing in our currency has a greater effect than the reserve bank does:( and i agree with the houses thing. idiots ripping themselves off has forced everyone else to be priced out of the market	motorbyclist (188)
632746	2008-01-24 16:36:00	I keep hearing, either directly or by insinuation that the US has foisted and trumped up this invasion (state country name here) to secure or insure a free flow of oil at preferred prices. If that were so..then why are people in the US paying almost $4.00 USD a gallon for fuel right now? The French sociologist Edgar Morin stated: "All the foundations upon which morals are based.....God, nature, homeland, reason...have lost their unquestionable nature....People pick and chose their values". Somehow...point, part and parry have become subliminal.	SurferJoe46 (51)
632747	2008-01-24 17:19:00	. . . . . . . . . . . . . . actually, the high oil prices caused in part by the US demand and moreso their military actions have probably had a big part to pay in this recession here's hoping oil prices finally fall - i'm glad to see petrol never hit $2 a litre as is in the meantime actually falling (i'm no economist, but having a war cause the thing to kill their economy has a certain poetic justice to it doesn't it?) Actually, that's a dualism by you there . . . . . . The oil demand per capita is lower than in previous years . . . and if the war was to force better access to- and prices for- fuel . . then why isn't that in evidence? Here's a fer'instance for you . . . . Our utility bills are TYPICALLY factored on our cold weather consumption . The usage is averaged over the three coldest months and the rest of the year has the billing factored by the peaks used at those higher rates . If I used a jillion therms in DEC-JAN-FEB, at "X" value per therm, then my rest of the year is computed by that rate . OK . . so now . . . and here's where I am making my point . . . . the cold months are no longer being used as the high factor for the rest of the year . Why not? Because the US consumer has learned to cut 'way back on consumption . . . not just for the cost . . . but also for the Green-Effect and the Tree-Huggers who have beaten it into the minds of citizens . Oil-Fuel-Electric rates are now being computed on a 30-day rate that is reset every new month . . . not from the normally higher average of the most consumptive months . . . because the factors are now all skewed . Does that make any sense? Liberally painting the US as the most wasteful and consumptive country is only part of the picture . . . and numbers can be crunched to make any argument plausible and appear to be erudite . Anally pontificating is not usually related to having an informed and intelligent base on the facts, figures and reality of the situation . Besides . . . it shortchanges the person making the statements . . . and they go about their merry way thinking they have good reason to feel vindicated, but they really are shortsighted and tunnel visioned . Denigrating vitriol is not (usually) what I expect from your statements, although I see a certain, how can I say this neatly . . . . "slant" . . and bias to your posts . . . but it behooves you to get a full picture of the whole problem . . . . not just an island assessment .	SurferJoe46 (51)
632748	2008-01-25 01:38:00	whoa there cowboy, i never said the war was going to secure oil, i too don't see how people can jump to that conclusion. but the constant military actions and conflict in the middle east do serve (even if only as an excuse for opec) to raise the price of oil. the iraq invasion (lets remember that saddam put terrorists to death), signing multi-billion dollar arms deals with saudi arabia (who in turn support hamas and whatnot), and creating a stiff standoff with iran (worlds 5th largest military or something silly like that), all after the whole israel/palestine thing which still isn't resolved. so as a result of whatever it is that the states seems to be doing over there, oil and thus energy prices have skyrocketed even more than they otherwise would have - and this raise in prices has been hurting economies the world over. i find this ironic. wars generally get countries out of depressions, not into them. didn't intend on making a statement about how wasteful or "non-green" the states is and of course i'm not an economist.... there's always the good chance that having a new generation of delinquents entering the workforce isn't helping... and i dunno about in the states, but in places like NZ where the population growth is only barely maintained by immigration, you'd expect problems when the economy cant be assured by infinite growth and i don't know what $4US per gallon is in $NZ per litre, but half of our petrol bill is taxes anyway so in short, i think you read my post way too deeply, which is fair enough considering some of the crap i've spouted forth in the past though the states does consume an awful lot, per capita, compared to the rest of the developed world... only marginally worse than britain, australia, canada and a few others mind you :P	motorbyclist (188)
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