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Old 02-06-2009, 09:28 PM   #61
sirex
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I dont know Blades.


The media causes fear. Its telling people to save and get your self recession proofed.. People save, they spend less hearing the news.

Companies have to cut back supply since demand is gone. They cut employees first.

Alternatively, if they came on TV and said the recession is over, and started giving us good news instead of bad, would it turn things around? Probably, but now the hole keeps growing, more layoffs, spending by consumers is ground to a halt. So jump starting the economy is going to be 1000 times harder now specially since all the layed of people will have zero income. Alot of companies are doing a pre-emptive strike, in fear of slow down in their particular market.
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Old 02-06-2009, 10:46 PM   #62
zackman17
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Quote:
Originally Posted by sirex View Post
I dont know Blades.


The media causes fear. Its telling people to save and get your self recession proofed.. People save, they spend less hearing the news.

Companies have to cut back supply since demand is gone. They cut employees first.

Alternatively, if they came on TV and said the recession is over, and started giving us good news instead of bad, would it turn things around? Probably, but now the hole keeps growing, more layoffs, spending by consumers is ground to a halt. So jump starting the economy is going to be 1000 times harder now specially since all the layed of people will have zero income. Alot of companies are doing a pre-emptive strike, in fear of slow down in their particular market.
yeah the media isn't helping us one bit
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Old 02-07-2009, 01:37 PM   #63
damameke
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I agree .. waking up to hear the gloom and doom from radio. TV and newspaper is not helping a bit.. but I cant blame the media.. its their job to report the reality of what is going on...

The honest truth is that .. by now.. the news is not new... its stale news .. really
there is no silver lining.. so for now.. it might seem that it is not going to improve.
but hey.. eventually it will be better... .

reading todays news in the Star, that China is starting to buy raw materials again.. thats some good news there.. soon a barrel of oil will be $147 then people will start to complain that gas is at $140 a litre...

there you go buy oil stock...

argggg cant win them all......
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Old 02-07-2009, 07:10 PM   #64
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I think its a great time to buy oil. I wish I had some cash lying around!
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