things not looking good for the world economy

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Post by Steve Thu Dec 15 2011, 20:44

http://www.bbc.co.uk/news/world-16207880

cut up your credit cards.........









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Post by Guest Fri Dec 16 2011, 00:20

It has indeed been a bad year.

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Post by Guest Fri Dec 16 2011, 08:31

they said it could get as bad as the 1930's on the bbc this morning

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Post by Guest Fri Dec 16 2011, 08:34

Don't think it will be quite that bad. The economic indicators such as inflation, unemployment and negative growth over numerous consecutive quarters aren't present at the moment. This is more of a big bubble bursting and bad use of debt by some of the larger world economys. Bad times for sure but not to the extent of the 1930s. Just my opinion.

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Post by Steve Fri Dec 16 2011, 08:51

I think when euro break down we all in trouble. also think it will lead to protectionism

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