1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Do you think the Economy will start to recover?

Discussion in 'BlackHat Lounge' started by patrick6411, Nov 5, 2008.

?

Do you think the economy will improve now that election are over?

Poll closed Dec 5, 2008.
  1. Yes

    0 vote(s)
    0.0%
  2. No

    0 vote(s)
    0.0%
  3. Not Sure

    0 vote(s)
    0.0%
  1. patrick6411

    patrick6411 Regular Member

    Joined:
    Sep 29, 2009
    Messages:
    279
    Likes Received:
    4
    Now that the presidential elections are over, do you guys think the economy will start to recover? We have all been hurt by the money crunch in recent. I know that in the past during election years the markets all start to fall off until after the election.

    What are your thoughts on this? Please this is not a political post. Don't post your thoughts on the newly elected president. This is strictly about the economy as a result of the elections being over.

    Thanks

    Patrick.
     
  2. dstanit

    dstanit Junior Member

    Joined:
    Oct 6, 2008
    Messages:
    158
    Likes Received:
    243
    Occupation:
    CMO
    Location:
    --------------------------------------------------
    Home Page:
    the economy isn't going to be a sudden change it takes time, it took time for it to drop, and its going to take time to grow again. I'd say give it another year , year and a half and sales will be sky rocketing, exspecially car dealerships.
     
  3. buddywes1436

    buddywes1436 Newbie

    Joined:
    Mar 31, 2008
    Messages:
    11
    Likes Received:
    0
    Location:
    USA
    Well the way I see it is that we have to recover. If we dont then it will hurt tons of ppl besides just the US. I have talked to several ppl across the world about this topic and tons say that their economy has gone down a ton since the US economy is too. Now Im not saying this applies to every case just what I have heard. I think we have not choice to go up. Now how long will it take not sure. Some say it will be over night some say years. I personally do not know. All I know is that maybe "Change" is a good thing for the US. Only time will tell.
     
  4. proroy

    proroy Junior Member

    Joined:
    Aug 8, 2008
    Messages:
    188
    Likes Received:
    185
    Occupation:
    Independent Internet Professional
    Location:
    Business World
    Well, I dont know how long it will take for the economy to revive ..but as long as blackhat is alive I really give everything else a f@ck :D

    Obama seems to be a pretty strong man, well at least by his words. Let see how far he goes to put them into action !!

    Oops!.. I dint read this "Don't post your thoughts on the newly elected president. This is strictly about the economy as a result of the elections being over."

    Sorry .
     
  5. jasqui

    jasqui Regular Member

    Joined:
    Aug 11, 2008
    Messages:
    287
    Likes Received:
    71
    I think we will recover. Even though you mentioned not talking about the president elect. I think that who has been elected will bring America into a new light across the world. We are the ones who caused the world-wide financial crisis. We will fix it and become the respected nation we once where.

    I do not think it is going to get better overnight. Over time, there are extremely large wounds in and outside of our financial ideology.

    It is hard to place blame on whose fault it is for the situations we have been facing. Everyone wants to blame banks, lenders and large corporations.

    People honestly need to re-vert back to the ways of old. Save yourself. Budget well. Do not waste.

    The older generation whom grow up pre and post depression are very frugal in life. That does not exist to well in anyone under the age of 30 or 40 anymore. We live, die and go bankrupt for excess and running around in out on the go nation.

    The situations we are facing is helping people to take a long look at this and hopefully learn some better financial, mental and physical responsibility.

    I think I am guilty of these traits that have caused over all problems. In defense of people who are and if you must place blame on anyone or anything. Please place it on advertising and the very items you use almost everyday.

    In reading various books about advertising there are many tactics they have and do use to make you learn at a very young age more is better. We are all brainwashed somewhat from this exposure.

    Here are some interesting things you might have never known that take place around you everyday.

    When you go to a restaurant they will intentionally play the music with a faster tempo. This in turn encourages your sub-conscious to eat, chew and move faster. The goal is to get you in and out.

    If you go to a grocery store the tempo of music is slowed and calming. They try to get you in a relaxed state. The goal is to get you to buy more than you went there for. If you ever have they have gotten you with this trick. Also a lot of stores purposly switch the layout every 6 months - 12 months in order to get you to wander.

    We will come out of this but we as people need to understand what is going on around us and how to combat it.

    We need to realize that skinny, pretty, rich, classy, sexy and all the things used to make us believe things are what we want are not true.

    Not sure if I went of topic. Our economy will get better, however we need to instill and teach our kids about saving and being frugal. I think most of out generation is lost in this. If we can teach our kids we can prevent this from going on again in another 30 or 40 years. Every time these things happen they get worse. Now we are in a global world and if and when this happens again it will be a global rescission beyond anything you can imagine.
     
  6. oldenstylehats

    oldenstylehats Elite Member Premium Member

    Joined:
    Apr 10, 2008
    Messages:
    1,893
    Likes Received:
    1,196
    There is a very interesting theory that was posed by the economist Nikolai Kondratiev in the first quarter of the 20th century that basically states that economies function on 60 year cycles. While his models haven't been 100% accurate, they've been right more often than they've been wrong. Regardless, we're coming to the end of the Phase B trough right now according to his models, with a point of inflection in 2010 (thus ending the wave that began with WWII.)

    Interesting stuff nonetheless. Empirical too.
     
    • Thanks Thanks x 1
  7. da buck

    da buck Regular Member

    Joined:
    Feb 24, 2008
    Messages:
    317
    Likes Received:
    116
    Location:
    Ohio
    Historically there is an increase in the economy when the White House and Congress are controlled by the same party. This usually lasts for about a year and a half before it drops off a little. We were in a slight recession when Clinton went into office in 1993 and the economy picked up. A similar thing happened when Bush took office in 2001. It's just the way the economy works. I think the only way the economy will continue to struggle is if there are any tax increases or if the Bush tax cuts are lifted.
     
  8. valwardon

    valwardon BANNED BANNED

    Joined:
    Apr 9, 2008
    Messages:
    704
    Likes Received:
    867
    You should read my post here.

    Our economy may recover to a degree but it will just keep getting worse ...

    http://www.blackhatworld.com/blackhat-seo/blackhat-lounge/33247-truth-about-our-money.html
     
  9. delmages

    delmages Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 24, 2008
    Messages:
    129
    Likes Received:
    130
    Occupation:
    Nursing
    Location:
    Northern Michigan
    I agree with oldenstylehats. I believe that the economy is cyclic and like most things, it will rise and fall. I am not entirely sure that this phenomena is contingent upon presidential elections, as it takes more than two years to create a downward spiral.
     
  10. wealthy199

    wealthy199 BANNED BANNED

    Joined:
    Sep 24, 2007
    Messages:
    585
    Likes Received:
    1,088
    A simple a thing as a rumour can turn an economy upside down within a week.

    I can't remember exact dates or even who it was (may have been a Rockefeller), however in the early 1900's someone of importance in banking hinted rumour that one of the major banks of the time was running low on funds. This caused a huge uproar and everyone rushed to the bank to withdraw their funds and eventually lead to the banks demise and many many bankruptcies.

    All this from a simple rumour.
     
    • Thanks Thanks x 1
  11. therat

    therat Regular Member

    Joined:
    Sep 16, 2008
    Messages:
    397
    Likes Received:
    307
    Location:
    Muff City
    the overall economy is cyclical, each industry is cyclical. You can bet that when one is up, the other is down.

    Recessions are necessary phenomenon; you can't have ups w/o downs.

    Politics really has little to do with the economic vitality of a country; although certain bills can have large consequences i.e. allowing AIG to insure swaps.

    I hope they balance the budget, we can't go too much more into debt or else our $$ will start to be seen as worthless.
     
  12. viewsonic

    viewsonic Regular Member

    Joined:
    Sep 23, 2008
    Messages:
    297
    Likes Received:
    138
    the USA economy is going to be destroyed by hyperinflation. This has happened to all fiat currencies for the last 700 years at least, generally on a 70yr cycle. It's blackhat social engineering perfected long ago.
     
  13. twinkle88

    twinkle88 Junior Member

    Joined:
    Sep 28, 2008
    Messages:
    184
    Likes Received:
    45
    I think it will take time to recover.
    I dont think obama's win not gonna change anything.
     
  14. KHMNTCPR8

    KHMNTCPR8 Regular Member

    Joined:
    Sep 19, 2007
    Messages:
    358
    Likes Received:
    134
    i voted no, just cuz he got elected to be the next president dont mean the economy is going to recover starting today. if thats what u meants
     
  15. blade

    blade Regular Member

    Joined:
    Jul 29, 2008
    Messages:
    330
    Likes Received:
    114
    All the predictions are that the economy will get better all around the world during 2009. Thing is the banks will be more careful and there will be less liquidity in the markets so the growth will be slower.
     
  16. wm8c

    wm8c Registered Member

    Joined:
    May 18, 2007
    Messages:
    65
    Likes Received:
    22
    I think the economy will recover just fine, but I still think that they should have given us that 7 billion. It would have been $3300 per man, woman, and child in the US and all they needed to do was demand that before you received your money that you had specify which lender to send it to i.e. credit card company, mortgage company, etc. to pay off debts. Just think how much better off we could be if the average family of two received $6600 and paid off debt. They say the average family is $7000 in debt so that would have paid off the average families debt.

    Could have made things better faster than giving it to the banks in reward for their screwing up and "trusting" they'll do the right thing with the money. Just my 2 cents.
     
  17. mrlimit

    mrlimit Registered Member

    Joined:
    Aug 7, 2008
    Messages:
    84
    Likes Received:
    31
    Location:
    US baby!!
    yeah america lost it biggtime on wall street but hey come one now people America has got some of the best minds from accros the globe im sure it will rise again.. I'f all the wars would stop and that money was inverted to pickup the economy back up I think one year max and were back on toP~!!
     
  18. viewsonic

    viewsonic Regular Member

    Joined:
    Sep 23, 2008
    Messages:
    297
    Likes Received:
    138
    No one talking about derivatives apart from warren buffet.

    US500 trillion ($732 trillion) and $US700 trillion worth of derivatives are outstanding. And that a very conservative estimate.

    Compare this with the total economic activity (GDP) of the world, which is about $US50 trillion, and even a 5 per cent drop in the value of the derivatives is beyond the rescue capability of the world's central banks.

    derivatives have become the world's biggest "black market," exceeding the traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Its the biggest bubble in the history of mankind, and it all based on highly leveraged loans secures by assets like subprime mortgages. Get the picture. Its a 20metre high house of cards, soon as someone even farts, it comes down.

    What is going to happen next is beyond any ones control. The economy will implode.
     
  19. antsaoo

    antsaoo Supreme Member

    Joined:
    Oct 1, 2008
    Messages:
    1,291
    Likes Received:
    637
    I voted yes since as many have stated it goes in cycles :)

    As some1 said that rumor at early 1900. Thats just so fucked up that someone with fkloads of money and power say one sentence and whole financial world in on knees. And who got the profit from it ? The most richest people.

    I watched news and there were about banks or w/e at wall street using money they were given to buy smaller banks and stuff like that instead of paying their debs. those mofos only care from their own profit. They should be hanged lol ;)
     
  20. Bastian

    Bastian Registered Member

    Joined:
    Jun 1, 2008
    Messages:
    52
    Likes Received:
    19
    I also recommend watching that video. That way, you wont have to 'think', you'll know. :D

    All this talk about cycles and all, and from what I understand about the economy and money, sounds fair.

    Although, we haven't finished the cycle. We still have to hit bottom.