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When will the next worldwide financial crisis happen? Could 2007 happen again?

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Comments

  • #52
    Train Dragon
    Banned (with Prison Access) Posts: 267 ✭✭Train Dragon


    Wanderer78 wrote: »
    this might give you an indication in what some people are thinking about our housing crisis, a major cluster fcuk if you ask me:

    https://soundcloud.com/irishtimes-politics/irelands-permanent-housing-crisis

    I managed to last 5 mins with that. The audio equivalent of watching paint dry.


  • #53
    wakka12
    Registered Users, Registered Users 2 Posts: 9,786 ✭✭✭wakka12


    trying to predict an economy long term is like trying to predict weather long term, just too many variables that constantly change to gauge any accurate prediction


  • #54
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    The next reset will be likely caused by a force majeure event, either from an external/unknown source or entirely synthetic.

    Any single country's economy tanking, would have only limited lasting impact.

    With a population of 7,469,858,943 (at this moment) and decent private housing only available at x8 the average salary in most countries, somethings gotta give.

    Many of the trashier tabloids appear very keen for Estonia to kick off W3 any day now judging by their daily repetitive articles on this theme.


  • #55
    Train Dragon
    Banned (with Prison Access) Posts: 267 ✭✭Train Dragon


    Henley Wide Valve wrote: »

    Many of the trashier tabloids appear very keen for Estonia to kick off W3 any day now judging by their daily repetitive articles on this theme.

    Dont wars usually create money rather than destroy?


  • #56
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    Train Dragon wrote: »
    Dont wars usually create money rather than destroy?

    Post-event they do, for some sectors of the industrial complex (historically). But the capability of today's opposing (groups of) superpowers are a different ball game altogether from WW2, as shown by hyped up sectors of the media.

    Supervolcanoes, asteroids and a H5N8 type flu would also be much more severe than some unstable G10/20 middleweight economy such as Ita/Spa crashing.


  • #57
    Super-Rush
    Registered Users, Registered Users 2 Posts: 19,473 ✭✭✭✭Super-Rush


    tonygun wrote: »
    85% of their weekly dole payment. So typically 160 for over 25's and 85 for under 25's. Must have been a PS2 he bought :rolleyes:

    You'll get a PS4 in Argos for €290 these days.


  • #58
    Train Dragon
    Banned (with Prison Access) Posts: 267 ✭✭Train Dragon


    Henley Wide Valve wrote: »
    Post-event they do, for some sectors of the industrial complex (historically). But the capability of today's opposing (groups of) superpowers are a different ball game altogether from WW2, as shown by hyped up sectors of the media.

    Supervolcanoes, asteroids and a H5N8 type flu would also be much more severe than some unstable G10/20 middleweight economy such as Ita/Spa crashing.


    That's strange. I read and heard more than once that America needs to go to war every 20 years to keep it's economy from collapsing.


  • #59
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 18,191 ✭✭✭✭Dohnjoe


    Train Dragon wrote: »
    That's strange. I read and heard more than once that America needs to go to war every 20 years to keep it's economy from collapsing.

    I've also read and heard more than once that man didn't land on the moon

    There's a lot of quackery and nonsense on the internet, some of it dressed up very well. Asking about anything to do with world finance (or anything) on After Hours will get you After Hours style answers :)

    I would suggest the financial or economics forum, the answers will likely be less dramatic and doomsday-esque, but more likely closer to the truth


  • #60
    ScumLord
    Registered Users, Registered Users 2 Posts: 28,789 ✭✭✭✭ScumLord


    Train Dragon wrote: »
    Dont wars usually create money rather than destroy?
    Only if your America. Even in WW2 they were raking it in before they joined the war by selling munitions.

    They would lose money by being in direct conflict, but they usually stay in the background feeding weapons to one or both sides and only step in if one side looks like it might win.


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  • #61
    Grayson
    Registered Users, Registered Users 2 Posts: 16,316 ✭✭✭✭Grayson


    Dohnjoe wrote: »
    I've also read and heard more than once that man didn't land on the moon

    There's a lot of quackery and nonsense on the internet, some of it dressed up very well. Asking about anything to do with world finance (or anything) on After Hours will get you After Hours style answers :)

    I would suggest the financial or economics forum, the answers will likely be less dramatic and doomsday-esque, but more likely closer to the truth

    The thing is though that the US does spend a ridiculous amount of money on arms. Compared to every other country in the world it's a ridiculous amount. I'm not saying the have to go to war but it's not an unreasonable conclusion. Not as bat sh1t crazy as not landing on the moon at any rate.


  • #62
    ScumLord
    Registered Users, Registered Users 2 Posts: 28,789 ✭✭✭✭ScumLord


    Grayson wrote: »
    The thing is though that the US does spend a ridiculous amount of money on arms. Compared to every other country in the world it's a ridiculous amount. I'm not saying the have to go to war but it's not an unreasonable conclusion. Not as bat sh1t crazy as not landing on the moon at any rate.
    I think Putin has a point when he talks about American military positions around the world. American is everywhere, we're all bought into the idea they're the good guys, on our side, but they have a military machine that's capable to taking on every major military power in the world and they're already in our back gardens.

    that's what's so scary about trump he could accidentally put America in the mood to use all these weapons. It doesn't take long for a country to change it's outlook on the world completely, we may be comfortable in our capitalist democracies but they're a brand new system in many ways. Democracy may not be around in 50 years.


  • #63
    Train Dragon
    Banned (with Prison Access) Posts: 267 ✭✭Train Dragon


    Dohnjoe wrote: »
    I've also read and heard more than once that man didn't land on the moon

    Plenty of compelling non debunked evidence out there that man didnt go to the moon. At least not in 1969.


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