When do you think the Economic crisis will stop ?

India
October 24, 2008 1:06pm CST
Economic crisis,Economic crisis,Economic crisis!! thats what i keep listening everyday. When do you think it will stop?
4 responses
@sirnose (2440)
• United States
24 Oct 08
When there are only rich people and poor people then i think that this ruse of an economic crisis will end... I reading a book right now by jim marrs entitled "Rule by Secrecy" and it talks about this same thing...the rich control world events through their secret societies and their hidden histories through out the centuries,in this book it tells how they create ecomonic hardships up until this day...in other words this is not the first economic crisis these crisis are all over our history since the inception of our nation...It will end when the ruling class want it to end...
@limcyjain (3523)
• India
24 Oct 08
If you think that the dust is going to settle down soon i think it is not possible. The fanancial markets sensed that it is coming but the intensity would be so high was not expected. The world is facing a very high scarcity of cash and the financial system is in taters. I dont think that the bailout packages would be able to support the companies for long unless there is an increase in demand from the actual consumer. The basic problem was that the prices of all items whether it was property or commodities were being jacked up by speculators rather than on account of actual demand. This high level of inflation actually reduced the buying power in hand of consumers and this is going to take time to correct as many people are stuck with investments which would be paying in the near future. You can take a close look at the baltic freight index which has taken a big hit signifing that there has been a cut in the world trade. When this index begins to gain again on a continous basis we can take heart that we would be out of the crisis soon.
@maru_047in (1007)
• India
24 Oct 08
it should be stopped by now as this has gone too far and the market has dropped for the first time in 20 years and it is going to be no more depression in the market it shall increase and it ll be soon within a month or so. and there are some benefits too the prices of the fuel and other stuff has gone down and more disadvantages to say less employment etc. wish let the market grow and help us survive!!!! Thanks Maru
@parvezjs (422)
• India
24 Oct 08
Economy crisis. Are you referring to global economy crisis or Indian crisis. Anyways in which ever case its me and you who is suffering. I remember once I was talking to a business man about his business. When he started his business it went on well he made huge profits, his customer force was huge. However after few years it started to come down. I asked him about the reason. The answer that he gave me suits best this phase of world economy. He told me in every phase of life there is a period of where graph goes up also perpendicular and then after reaching a certain high it starts to come down and then at a certain stage it stabilizes from there on. This happens to maintain the balance of life. Same thing is happening with our economy. During last few years world economy shot up to heights and it is coming down soon it will settle down a point which will maintain the balance throughout the world's economy. It's now a wait and watch time. maintain your position in whatever you are doing and things will come back to normal soon.