Does anyone care?

[yaris-me]

When the outer wall falls, it's not long before the problem is at your door.:eek:
http://www.dailymail.co.uk/news/article-1231563/Is-Britain-brink-financial-armageddon.html

http://www.guardian.co.uk/business/2009/nov/29/banking-global-economy
http://en.wikipedia.org/wiki/Dubai_World

What next?:frown:

[2+2]

Amen brother, I've had a bad feeling about this one since it popped up a couple of days ago. Could the timing be worse? Every fund manager out there just needs a tiny excuse to withdraw from stocks and call it a very good year, so the market is probably heading down. Why people pay attention to stocks as if they're a gauge of the economy I don't know, but people do. That's not going to help the xmas shopping season.

So the double dip recession the experts have been talking about might come to pass after all, and the fact that the conservatives have succeeded in making everyone deficit nervous means that a second stimulus bill is going to be a hard sell.

I hope my gut is lying to me.

[supmet]

Why people pay attention to stocks as if they're a gauge of the economy I don't know, but people do.

+a trillion

The global market is such a complex beast, anyone that says they can look at it and tell you how well a countries economy is doing is either lying or delusional.

The one thing I know is, computers, machinery, robotics, etc have all advanced us to the point where we can produce 50 times the amount of food, water, homes, other necessities, and consumer goods, per worker, than we could 40 years ago. This goes for Britain, the US, Japan, wherever you live pretty much.

I think if everyone turned off the TV, the recession would be over by now(if we would have ever been in one)