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10-10-2008, 01:10 PM
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#1 (permalink)
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Black_Pine-Cone
Join Date: Apr 2008
Posts: 543
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Failing Stock Markets
Last edited by NinjasDontFight; 10-12-2008 at 03:21 PM..
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10-12-2008, 03:19 PM
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#2 (permalink)
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Black_Pine-Cone
Join Date: Apr 2008
Posts: 543
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*bump* Edited the post above.
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10-14-2008, 11:51 PM
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#3 (permalink)
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Terrain Moderator
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Join Date: Sep 2006
Posts: 5,510
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Meh, I'm Canadian, they wouldn't talk about our stock market if it crashed, so I feel obligated to do the same.
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10-15-2008, 10:19 AM
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#4 (permalink)
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Terrainer
Join Date: Aug 2007
Posts: 605
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The problem is cause of you americans our economy is failing aswell. Though we dutchies seem to be doing pretty well compared to the rest of europe
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10-15-2008, 11:45 AM
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#5 (permalink)
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Community Moderator
Songs for the Deaf
Join Date: Mar 2006
Posts: 9,031
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Yeah, Europe and especially the UK was hit nearly as hard as the US.
But, it's not that difficult. There are only 2 main things that need to be done: 1) Inspire investor confidence again and 2) Establish regulations so that this never happens again.
Canada, thankfully, already had regulations against subprime lending, etc, so if it wasn't for stupid ABCP, we'd be completely in the free. But Asset Backet Commercial Paper unwittingly put 32 billion Canadian dollars into subprime investments, so most of that money is gone.
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10-15-2008, 10:17 PM
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#6 (permalink)
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Model & Tutorial Moderator
Join Date: Nov 2006
Posts: 7,328
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My dad works in the securitization industry so he's getting hit pretty hard by all this. Apparently he gets governments asking for his advice :>
But yeah, shit's pretty much hitting the fan.
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10-15-2008, 10:57 PM
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#7 (permalink)
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ETD 4.0 TerrainerInChief!
Join Date: Jul 2007
Posts: 3,679
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I want to move canada anyways. Hopefully my parents will agree with the shitty stock markets now :p
__________________
[20-02-40]  Hakeem: It all makes sense now! The constant nagging, the guilt trips! MOTHERS ARE TROLLS!
[19-38-23]  Mr.Goblin: ~Void~, yo, dude .. tell me your secret for behing such a good terrain maker, do you smoke illigal things? to get that inspiration?!
[23-19-42]  Dr Super Good: dam hindy and his balls gaining infinate blody velocity
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10-16-2008, 11:45 AM
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#8 (permalink)
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Community Moderator
Songs for the Deaf
Join Date: Mar 2006
Posts: 9,031
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Now's the time to do it if any, just don't work in a manufacturing job.
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10-16-2008, 03:01 PM
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#9 (permalink)
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Terrain Moderator
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Join Date: Sep 2006
Posts: 5,510
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Canada is the shit, you should move. Hockey is also the shit. So are igloos and beavers (both kind).
I think the American Economy will be fine. Won't be where it was, and loans will probably be impossible to get, but it'll live.
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10-16-2008, 09:19 PM
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#10 (permalink)
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Community Moderator
Songs for the Deaf
Join Date: Mar 2006
Posts: 9,031
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Yeah that's the only other thing I'm worried about. Before they were giving out a mortgage to anyone with a name. You could buy a half million dollar house and you didn't even need to have a job.
Now I think they might overkill and make it too hard for honest people to take out a mortgage.
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