The Economic slowdown

[viclife33]

We are talking about current affairs here. What comes to my mind presently is the Economic slowdown which became a global issue today. There seems to be some dampening felt in some countries now. This could be due to US and its recovery plans. Thanks to US. The are always  the Saviour.
Then comes the dreaded A(H1N1) flu pandemic. Another catastrophe. When do we stop all these?
Has anyone know of any significant predictions regarding all this. What about Nostradamus ? Has he mentioned anything regarding this ?

[Nemesis_1164]

I used to work as a forex trader 2 years ago, at first we simply thought that the US economy was simply on its normal cycle. We track every fundamental data including sub-prime mortgages , oil prices, nonfarm payroll and the likes - however for some reason a drastic fall on the subprime mortgage was observed continuously which made a bearish movement for manufacturing industry (which I thought is the main rescue plan of bernanke), most futures and options and other sector then BOOM... here comes the panic! Investors hold their investments as return is not looking good any longer and consumers consumes less making the law of demand and supply  in total chaos and chain reaction in every sector, every industry and every nation starts to break down and here comes the rise of 2008 economic depression.     

[krutisach]

"Economic Slowdown", this only word reminds us of loss of jobs,  cost-cutting and hell lot of other problems, it's good that we are slowly getting out of this. Now companies have again started recruitment drives which have given us all a sigh of relief at last.

[joedunn09]

A gloabl economic slowdown impacts society in many ways; for example decreased: GDP, consumer spending (housing, autos, other large ticket items) and business expansion/growth; increased: cut-backs, lay-offs and unemployment. One thing I would like to discuss is how this economic downturn has impacted the value of the dollar in the U.S. Recently people have begun to worry about the dollar's standing compared to other currencies in the world. Today, some fear that the dollar will cease to be the world's leading transactional currency - that the yuan or euro could take its place. It is my contention that these fears are somewhat unfounded, and that the fluctuations in the value of the dollar correlate well with (i.e. can be explained by) the changes in market behavior caused by the early stages of recovery we are seeing now in the fiinancial markets. Thoughts?

[adhityaen]

I only feel sorry for the poor Nostradamus. What he can do for your present day  insane banker's greedy financial mess.  The crux of the problem for today's financail mess and economic downturn lies in not adhereing to strict state laws and not implemented by the statutory bodies. Otherwise, we could not be sitting on the sideline expecting a upturn in the economy. If  everyone in the regulatory system do their job without any expectation, we can surely avoid this kind mess from happening in the future.

[masay7]

Mathematical models built on economic theories, loose collaterals and greedy chief executives all played a part in the World's economic slowdown. It was a shame to see all the  models failing as sanity went missing from the financial world later turned to economic crisis.  Speculation too did not help the cause: First, series of cost cuttings were embarked, jobs were lost, share prices began to plunged and consumer confidence went record low. Imagine if every consumer reduce spending by $5? The impact of this was severe. This was all the more reason Obama and his men rallied to give that confidence to American: Yes, we can! That uplifted everyone. and the economy as well.

[ramani06]

Economic slowdown seems to have faded without significantly damaging the fundamental financial structure of the world. The growing economies in Asia and increasing prospects of US and European economies back on track with in this year seems to have saved the world from a disaster. Now what seems to be  big issues are global warming and reducing the nuclear proliferation.

[Remote]

I can only hope for favorable results for all economic countermeasures that all the government leaders in the world are doing. I appreciate the effort. We are all affected by this; only gravely for people who are at the back end of the food chain. We will all weather this economic storm.

[BLACKPEPPER]

I guess the Economic slow down has taught most of them to live within their means. Expenditure should be withing the earnings. Any explanation beyong that would be an excuse for failure.

[Ronnie]

There are some things that should absolutely be abolished.  I believe that 'speculation' is the most damaging thing we can allow.  It is fed by greed of the rich, and the lobbyists that work for them.  When gasoline was $4 a gallon, was there a REAL reason for it?  Easy answer, NO!  If there was, oil companies wouldn't have made record profits at that time!  I mean, come on, $11 BILLION profit...in ONE QUARTER!  This is criminal. Period, or of course, it should be.  This is what started the entire world to go under.  And we just let them keep on keepin' on.