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Very true. I refer to those in American that lean to the right as those content with the concept of living in an empire.Quote:
Originally Posted by MV75
Eight years of a Republican executive branch with six years of a Republican legislative. :mad:Quote:
Originally Posted by STL
AUD trading at 71c!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!:eek::eek:
is it cheaper to buy in stores now?
We could use the the Islamic approach to banking and finance
Yeap. :( :( :(Quote:
Originally Posted by Autocon
My house-buying aspirations are partly on hold. Cheaper houses are coming onto the market but I don't want to over reach myself.
Otherwise I'm not worried, however to our new Chinese friends let me the first to say: Ni hao, Wo-duh ming-d'zih Paulbot
I find it is a good excuse to stay at home. My mum used to bug me about moving out on the odd occasion, now I just point out the crisis and she pipes down.Quote:
Originally Posted by Paulbot
Often financial situations become more serious when people start to panic, and not the climate itself. Stocks can crash from one rumour, prompting investors to pull out and reinvest elsewhere - the stock itself may still be strong, but if too many pull out too quickly in fear, the stock/company can suffer unecessarily (I think the ABC Learning Childcares was a victim of something like this). This has led to a concept of 'short selling' that has grown so much in stock markets, America and Europe are legislating against it. (short selling - stock brokers 'borrow' shares from their clients to sell, which panics the market into thinking something is wrong with the stock if a leading stock broker is rushing to sell a heap of it, and then later buys it back at the lower value and 'returns' it to the client, giving them a share of the profit)Quote:
Originally Posted by STL
The sharemarket has a bit of a herd mentality to it, with the 'sheep' following blindly what others are doing, mostly in fear of something that isn't really happening until their fear-led actions start causing it. The cause and effect are the wrong way around, with the fear causing most of the volitiliy in the market, instead of volitility causing the fear. Banks in American and Europe would have had a better chance of surviving if the people didn't all rush down to their banks to withdraw their savings in fear of losing their money. That fear accelerated the credit crunch, because banks now had a lot less money to work with, to lend out, or even operate with. Putting the brakes on lending meant that less businesses and people were able to invest in further productivity projects. Less productivity means less money for people to earn and spend, and less money for the banks to get back from deposits and repayment of loans.
thats spot on Griffin , thats why i suggested we adopt the Islamic approach to banking and finance .Based on the the religious principle 'gharar' ,risk and uncertainty is forbidden under Islamic law. That is why Muslim countries are highly liquid and will eventually be providing funds to the U.S. Speculation on uncertainty has increased this financial meltdown.
anywho my point is the whole U.S financial system will need to be restructured :)
I only just noticed this thread.:confused:Is there a Crisis, when did this happen:confused::D. Ignorance is bliss;):D.