The End.

[BBSA]

No, seriously, how come you want me to be "balanced"? I've looked extensively at the facts presented to me and I've made up my mind as to the overwhelmingly likely outcome of all of this. I see no need to scour the internet in an attempt to find something positive to offset my own point of view. I'm not some sort of a public broadcasting station that needs to comply with the Broadcasting Complaints Commission's code of conduct, not so? I'm merely a normal guy stating my opinion on a public forum.

You do understand that a countries economy is dependant on public sentiments, right?

 

[-toady-]

The original link for this was one of the most enlightening articles I've read on the crisis. Anyone who does not think we are going to get smacked sooner or later needs their head examined. It's happening already I think. I look forward to more StrongT links and posts.

x2

 

[PCW]

I'm looking forward to Jeff Randell on Sky at 930 tonight. Gordon "I saved the world" Brown shoved through the merger with HBOS in Sept odd last year. Now Lloyds is screwed by the looks of it. The shareholders voted for it but GB hid the figures to make himself look like the choirboy as the UK treasury must have known HBOS true position when the figures were put forward. Lloyds has gone from being OK to being stuffed.

JR is the Telegraph editor at large , is pro-Tory but he is very intelligent. Give me JR over GB anyday !

 

[Chicken Boo]

You are missing the point.

maybe YOU are. You think governments should just shut the media up and let this spiral until it's a complete disaster and then say "we didn't want to scare you - it was all for your own good!"?

You do understand that a countries economy is dependant on public sentiments, right?

wtf. Economies run on dollars, not people's feelings. ignorance like this is what caused this whole mess. As it is most people don't understand why this is happening, and you want to keep them further in the dark... nice one.

 

[BBSA]

maybe YOU are. You think governments should just shut the media up and let this spiral until it's a complete disaster and then say "we didn't want to scare you - it was all for your own good!"?.

When did I said governments must shut the media up, please get a grip of your self.

wtf. Economies run on dollars, not people's feelings. ignorance like this is what caused this whole mess. As it is most people don't understand why this is happening, and you want to keep them further in the dark... nice one.

Consumer confidence is extremely important to any economy. It is people who actually spend the dollars you are talking about. (And you talk about ignorance)

More about consumer confidence for your education from wiki:

Consumer confidence is the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.

 

[Chicken Boo]

When did I said governments must shut the media up, please get a grip of your self.

how else will the media just be quiet about this? Their strong sense of responsibility to the public? O you do amuse me so.

Consumer confidence is extremely important to any economy. It is people who actually spend the dollars you are talking about. (And you talk about ignorance)

Okay answer me a simple question:
Zimbabwe's economy is deep down the sh1tpit because...
a) They have no money
or
b) Everyone is rich but they don't "feel" like spending their money because of their "lack of confidence" in their leader

consumer confidence applies in a regular FUNCTIONING economy, not one where it's all falling apart daily.

 

[smokey]

When did I said governments must shut the media up, please get a grip of your self.




Consumer confidence is extremely important to any economy. It is people who actually spend the dollars you are talking about. (And you talk about ignorance)

More about consumer confidence for your education from wiki:

It's not just consumer confidence... People are so overburdened by debt that they practically cannot save - which would give the banks extra money to lend even though sales are generally down.

 

[Chicken Boo]

My bet is that by October the US Govt funding will be so depleted no more US then onto UK etc bailouts will be possible. Then its a worldwide domino collapse of economies

Their funding is already trillions past depleted.. and the dollar only continues to be worth anything because so much Asian credit value is tied to it. But when the Chinese and Japanese say money please.. well it's an amusingly constructed house...nah, neighbourhood of cards when you think about it.

Also bear in mind the mind-boggling amount of debt the American government has incurred with its own people that $700 billion 'rescue' package Bush whipped out as a parting gift, that money will only exist once tax-payers have paid it... and those taxpayers are as yet most likely not even born.

 

[BBSA]

how else will the media just be quiet about this? Their strong sense of responsibility to the public? O you do amuse me so.

Nobody said the media must be quiet about this. Please get your facts straight before you go on a tantrum

 

[smokey]

Don't worry people, Richie Rich will save the day with a loan to the American government...

 

[BBSA]

It's not just consumer confidence...

No of cause not, but if we want the economy going again we will have to get back consumer confidence.

 

[PCW]

It's not just consumer confidence... People are so overburdened by debt that they practically cannot save - which would give the banks extra money to lend even though sales are generally down.

Yep. Talk about people saving ? Most people are just aiming to break even right now. You can tell nobody is buying anything by the amount of transporters going under. There are trucks parked up idle everywhere.

 

[ASG]

If things really got as bad as some of these predictions, to the point of civil disorder and cities becoming free fire zones as someone put it, I wonder what the bigger picture would be?

Would services such as water, electricity and sewage be affected? And if those three things were affected, there would probably be a massive global population decrease. In many ways society would be knocked back about 200- 300 years. Food production would drop off dramatically, the mortality rate due to illness would increase.

It would be a very scary 2 -5 years and probably only the smartest, strongest and luckiest would survive.

I know that is a very extreme view of how bad things could get. What do you guys think, could it get that bad over a financial crisis?

 

[PCW]

It won't get that bad but this is the worst financial crisis since the early 30s and the worst crisis since WW2. Mind you , the German financial crisis in the 20s lead to huge popularity for a certain A Hitler...

 

[Generix]

When did I said governments must shut the media up, please get a grip of your self.

Consumer confidence is extremely important to any economy. It is people who actually spend the dollars you are talking about. (And you talk about ignorance)

More about consumer confidence for your education from wiki:

In the current circumstances this is a hilarious argument! The insistence that we must be complacent/upbeat about the current situation for the sake of confidence reminds me of a scene in Jungle Book where the snake hangs from a branch and lisps: Jussst belieeeeve innn meee. Sheesh, even four-year-olds can see through THAT con!

Of course confidence is paramount - presuming there is something fundamental to feel confident about in the first place. But I'm afraid economic cowboys who concoct elaborate and unsustainable fairy-tale systems based on little more than hot air and illusions do not inspire great confidence in my breast. Which leads to the question: which dollars are you talking about? The 50 trillion that has evaporated already? Or the trillions that are likely to follow despite the best efforts of the uninformed rah-rah brigade?

Any honest broker who looks dispassionately at the underlying facts and figures will have to admit there is reason for concern. Instead of the media talking the market down - as you seem to imply - one thing it is guilty of is failing to paint the full picture to truly reflect the economic situation. It's up to readers to piece the puzzle together. And BTW, I'd say a fair whack of the stuff you get to read in the mainstream media is way, way behind the curve.

Unfortunately for all of us, all the delaying tactics or rosy spectacles in the world will not magically put ole Humpty together again. Jussst belieeeving or clapping your hands ain't gonna help either, Tinks.

PS. Misplaced confidence is what allows con artists to ply their trade - not only on your street corner, but on the world stage as well. Buyer beware!

 

[Chicken Boo]

Nobody said the media must be quiet about this. Please get your facts straight before you go on a tantrum

Nobody? nobody but you. I'm not having a tantrum, I'm just marvelling at your child-like grasp of economics.

Hope they will succeed as the doom and gloom prophecies just make this worse.

You also quoted this:

The media adding fuel to fire anytime they can to make this economic crisis even worse. Let's fight back and tell the massive media complex that they are perpetuating panic and fear and to exercise responsibility!

So, this is how you didn't say the media should be contained..?
son if you backpedal any further you're going to be out of this thread completely. Which would be fine, as you're contributing nothing. Whether the media do or do not report this can/will not make it any less of a disaster, it didn't get this way overnight, it's not going away overnight. If anything getting people aware of what's going on might help them not lose more money.

No of cause not, but if we want the economy going again we will have to get back consumer confidence.

Are you married to this theory of consumer confidence? let it go, this economic mess goes way, wayyyyy beyond consumer confidence.

And you neglected to answer my question regarding Zimbabwe.

 

[Lord Anubis]

Despite all this I wonder if our rates will plummet like the UK's? Rumour has it we could get a 2% cut in April..and how's 2010 intl ticket sales going? We built it, but will they come? Also, so many retrenchment rumours

 

[BBSA]

Nobody? nobody but you.

Please read what I said. I said the media must responsible.

 

[BBSA]

In the current circumstances this is a hilarious argument! The insistence that we must be complacent/upbeat about the current situation for the sake of confidence reminds me of a scene in Jungle Book where the snake hangs from a branch and lisps: Jussst belieeeeve innn meee. Sheesh, even four-year-olds can see through THAT con!

Of course confidence is paramount - presuming there is something fundamental to feel confident about in the first place. But I'm afraid economic cowboys who concoct elaborate and unsustainable fairy-tale systems based on little more than hot air and illusions do not inspire great confidence in my breast. Which leads to the question: which dollars are you talking about? The 50 trillion that has evaporated already? Or the trillions that are likely to follow despite the best efforts of the uninformed rah-rah brigade?

Any honest broker who looks dispassionately at the underlying facts and figures will have to admit there is reason for concern. Instead of the media talking the market down - as you seem to imply - one thing it is guilty of is failing to paint the full picture to truly reflect the economic situation. It's up to readers to piece the puzzle together. And BTW, I'd say a fair whack of the stuff you get to read in the mainstream media is way, way behind the curve.

Unfortunately for all of us, all the delaying tactics or rosy spectacles in the world will not magically put ole Humpty together again. Jussst belieeeving or clapping your hands ain't gonna help either, Tinks.

PS. Misplaced confidence is what allows con artists to ply their trade - not only on your street corner, but on the world stage as well. Buyer beware!

I give up, please continue with your negative complain.

 

[Generix]

Please read what I said. I said the media must responsible.

Here I agree with you! The media should be responsible and tell it like it is. A bit of responsibility among financial policymakers would also not be amiss.