21 replies to this topic

[russel]

ok,you budding financial wiz kiddies.

tell me this.

are we heading for the mother of all recessions,or are we going to pull through?

now i am not privy to any special info since i am now 36, retired from the finacial world, and living in Hellas,where all i see and read is about singing and dancing.

and tell me your reasons please.lets see what we can come up with?

[Zorba]

russel, on Jun 2 2008, 09:58 PM, said:

ok,you budding financial wiz kiddies.

tell me this.

are we heading for the mother of all recessions,or are we going to pull through?

now i am not privy to any special info since i am now 36, retired from the finacial world, and living in Hellas,where all i see and read is about singing and dancing.

and tell me your reasons please.lets see what we can come up with?

Yeah looks like everyone is tightening their belts and trying to save.. Interest rates arent helping. Talking to some senior sales guys in IT they say they forecast next year to be really bad for them. Hopefully Australia doesnt get hit as bad

[russel]

Zorba, on Jun 6 2008, 02:10 AM, said:

Yeah looks like everyone is tightening their belts and trying to save.. Interest rates arent helping. Talking to some senior sales guys in IT they say they forecast next year to be really bad for them. Hopefully Australia doesnt get hit as bad

zorba, zoi se mas !

ha ha..dont worry,the more poverty the better some of us can live..

have no pity for the middle class..they are greedy buying up into better suburbs and buying better cars...

some of them deserve what they get..

it is a jngle out there,and people should have been more careful...

[whooshka kavorka]

the petrol thing. what is going on? i heard talk of 'increasing demand and constant supply'. will petrol increase inflation and will there be any way to recover from it?

[russel]

NickTheMan, on Jun 8 2008, 02:25 PM, said:

the petrol thing. what is going on? i heard talk of 'increasing demand and constant supply'. will petrol increase inflation and will there be any way to recover from it?

petrol prices will go up until we go into recession.
once in recession then youll see it fall..

[Vogue]

Seriously, when have times been good???? I think Economists just like to play games and keep everyone confused...Prices will always go up...If they do fall it won't be by a significant amount...

I live by the rule of, if I can't afford it I don't buy it...

[DemiK]

Actually they don't confuse us at all .... Economists are experts in the social science of economics. They study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets... Economists have a modus operandi (and I use that term out of its natural content because I feel that the word can best describe lawyers, economists, politicians and not only criminals LOL) so I was saying the economist has a modus operandi and that is to play the world or the middle and lower classes like puppets... They draw a string and you react in a certain way that is beneficial to them in the long run!!

Money and Power is what it's all about - always has - always will be!!

[Vogue]

Very eloquent DemiK I totally agree with you...You said it wayyyyyyy much better than me

[russel]

one quick nello from HK.

i dont have a lot of time,ut i have one thing to say.

times are bad here and people losing jobs.

job losses and oil hikes are taking their toll.

the recession will be worse second half,and next year will be worse...


anyway guys have o go...talk soon...wish me lots of luck !

[set2love]

recession is creeping in, one more rise of the interest rates by the Reserve Bank and we are there

[russel]

ha ha the recession is well and truly going.
i am so glad,that my predictions have come true.

enjoy it folks.
it will only last for a few years !

[DemiK]

Reserve Bank dropped interest rates by 1% .....!

BHP BLT up by 1.9 !!!

Edited by DemiK, 07 October 2008 - 10:44 PM.

[TZAKI]

DemiK, on Oct 7 2008, 11:36 PM, said:

Reserve Bank dropped interest rates by 1% .....!

BHP BLT up by 1.9 !!!

now is the time to watch and if you've got the guts maybe buy a little.

[whooshka kavorka]

bring on the mayhem

an evil, evil part of me can't wait to see people suffering

[Greek for Life]

NickTheMan, on Nov 11 2008, 07:09 PM, said:

bring on the mayhem
an evil, evil part of me can't wait to see people suffering

Here's the last 12 months in pictures

Well if people dont have money the first thing to go
is well hmmm say like luxuries like dining out ............

 What_Recession_Nov07_Nov08.gif   62.24K   12 downloads

We all suffer either directly or indirectly and none of those can be controlled
your going to hurt like most, you just cant see it

Edited by Greek for Life, 19 March 2009 - 07:56 PM.

[Thanasi]

NickTheMan, on Nov 11 2008, 07:09 PM, said:

bring on the mayhem

an evil, evil part of me can't wait to see people suffering

Do you think you are immune and an island from the suffering of others? Any fall in aggregate demand puts the jobs of everyone at risk.

The downturn is inevitable and part of the business cycle. As Marx said, there's been too much civilisation and too much subsistence and so the productive forces have slowed. We'll eventually come out of it, and the upswing will happen. But there will be a realignment of global powers, and we will see China return to the status of premier power that it once was.

[Kosi-K]

The best thing about 2009 is that 2010 will follow.

[russel]

well good to see my predictions came true.

i predicted the oil hike and the oil dumping.

shit,i am very good...better than i thought i was !
wow !

and it's only getting worse..ha ha ha..!

[Andrew19]

Did you make money out of it then?

[russel]

ha ha Andrew this is a good question.
yes,but i feel like an idiot because i could have made more.

i certainly did not lose money.
and to be honest that is not bad for the current enviroment,where friends of mine lost millions in Lehman brothers funds etc etc.

the amazing thing about it,was the way it spread so quickly and so violently.
knowing it was coming i actually moved most of my capital in Greece where the banks had the least exposure to the sophisticated products from America.so they trurned out to be the safest.who would have thought little old Greece would be a safe haven?

but being in cash now,means one has the opportuntiy to do anything one likes..

the key to it is stay out of debt.
and stay liquid for the moment.