by Ayoob_Reloaded » Wed 08 Dec 2004, 01:02:51
$this->bbcode_second_pass_quote('spot5050', 'I')sn't it as easy to fall into the "the end of the world is upon us" mode of thinking, as it is to fall into "narr, this isn't happening" mode of thinking?
Opposite ends of the same stick?
Yeah, I think so. That's where my mind goes. But I can't for the life of me figure out how we're going to sidestep this. Economy contracts, people lose jobs, less money to spend, so economy contracts again. Repeat until broke.
As this happens, the stock market loses value. Investments drop, so people are less apt to invest in businesses. Business declines. People lose jobs. Less jobs means less income to spend on shiny trinkets. Lower sales, less profits, more layoffs...
Stock prices drop, people sell out so stock prices drop more, so more people sell. Look at the Nikkei chart for the last twenty friggin years. That entire market has been eating itself the whole time. This can happen and has happened before, and will happen again. Probably here.
I dunno. It's gonna suck.
You tell me. How are we going to get out of this mess?