Let it be known I know next to nothing about world economics
gabers
Posts: 2,787
Can someone explain to me why our economy taking a nose dive has such an effect on world markets?
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one big reason is the credit meltdown. all the major banks are losing billions because of bad loans. millions of people bought borrowed money when they shouldnt have. its having a ripple effect to other sectors. housing prices are going down. new home construction has stalled. unemployment has creeped up.
the world markets follow our lead like dominos.
Iran ditching the greenback...
hmm
just maybe eh?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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ahh the hard lessons of war...sometimes take a little time to be re-learned... but when it comes..
it comes hard..and its the people that suffer..
SO IN 2008
KEEP VOTING FOR THE LEADERS OF THE MEDIA
and nothing will get better for you
no this has nothing to do with the state of the american economy. besides more debt
I wouldn't take that to the bank...
when a piece of paper loses popularity, it's really just a peice of paper.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
maybe instead of posting bullshit you should just take gabers approach. its obvious you know as much about the economy as ron paul websites tell you. theres a little more to it then that
maybe you should reassess your perception?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
oooo you said assess
Is debt not a part of the economy now?
To answer the original question, the larger American companies are multinationals now. Our growth is built into world growth. When our markets take a hit the companies are not just losing money here but worldwide.
"Sometimes I think I'd be better off dead. No, wait, not me, you." -Deep Toughts, Jack Handy
eh, thats a small part yes.
Funding a war combined with countries moving away from dollarization and towards euroization (is that a word yet?) certainly has a large impact.
And yes, the multinationals part was a simple answer, but not a small part they wield huge capital throughout the world.
"Sometimes I think I'd be better off dead. No, wait, not me, you." -Deep Toughts, Jack Handy
Iran is the only country moving away from the dollar. and as we saw it had very little impact.
Iran was partly responsible for the Fed's decision to stop publishing M3 data after mid-06, imho.
Correlates with a big uptick in "oil borse" chatter.
Wish we still had that data to check.
Would "LOVE" to see how much money came crawling home after that.
I bet we are damn near vertical now ...
... no inflation here.
:rolleyes:
(at least, none that we will publish for you see)
If I opened it now would you not understand?