• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Does the economic crisis affect you?

Does the economic crisis affect you?

  • Yes, in my daily life

    Votes: 842 27.4%
  • Yes, I am more limited in hardware purchases now

    Votes: 817 26.5%
  • I find survival difficult

    Votes: 302 9.8%
  • No, nothing has changed for me

    Votes: 813 26.4%
  • I actually feel like I have more money available

    Votes: 304 9.9%

  • Total voters
    3,078
  • Poll closed .

W1zzard

Administrator
Staff member
Joined
May 14, 2004
Messages
26,957 (3.71/day)
Processor Ryzen 7 5700X
Memory 48 GB
Video Card(s) RTX 4080
Storage 2x HDD RAID 1, 3x M.2 NVMe
Display(s) 30" 2560x1600 + 19" 1280x1024
Software Windows 10 64-bit
Layoffs left and right, companies reporting losses, are you affected?
 
Joined
Apr 23, 2006
Messages
3,558 (0.54/day)
Location
Enschede, The Netherlands
System Name Lian Li Carbon fiber ed.
Processor Intel i5 2500k 4.6Ghz 24/7 Max OC 5Ghz
Motherboard Asrock Z68 Extreme3 Gen3
Cooling Swiftech blocks, 360 Xflow rad, Swiftech 120 rad, Liang with XSPC res/pump top.
Memory 8Gb Mushkin 1600Mhz 8-9-8-24
Video Card(s) Sapphire HD6950 2Gb
Storage OCZ Vertex 4 128 / Western Digital 160
Display(s) ASUS 25,5" wide VW266h
Power Supply Corsair HX620 modular
Software Windows 7 64
Yeah. Lost my job before Christmas.:mad:
Many building sites haven been delayed. And the cold weather of the last few weeks doesn't really help either to find another job for a different company.
At least we have a unemployment law here in Holland so i get 70% of my last income for 5 months or so.
 
Joined
Dec 10, 2007
Messages
7,185 (1.21/day)
Location
Adelaide Australia
System Name Becca 2
Processor AMD A10 4600m quad core @ 2.3 ghz
Motherboard dunno
Cooling Logitech alto connect
Memory 16 Gig ddr3 1600mhz
Video Card(s) Ati HD 7660G + & 7470M
Storage 1 TB
Audio Device(s) onboard crap
Software Windows 7 Home Premium 64 bit with sp1
No it doesnt effect me atm as i have a permanant position at work am single (not happy Jan) and have a fair amount of savings.
 

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
46,283 (7.69/day)
Location
Hyderabad, India
System Name RBMK-1000
Processor AMD Ryzen 7 5700G
Motherboard ASUS ROG Strix B450-E Gaming
Cooling DeepCool Gammax L240 V2
Memory 2x 8GB G.Skill Sniper X
Video Card(s) Palit GeForce RTX 2080 SUPER GameRock
Storage Western Digital Black NVMe 512GB
Display(s) BenQ 1440p 60 Hz 27-inch
Case Corsair Carbide 100R
Audio Device(s) ASUS SupremeFX S1220A
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Gamdias Hermes E2
Software Windows 11 Pro
I'm a G-Man. Relatively immune to layoffs. Thankfully I don't have any debts. The effect it does have is that I'm saving up a lot in fear of rising inflation, which is somewhat affecting my lifestyle.
 

95Viper

Super Moderator
Staff member
Joined
Oct 12, 2008
Messages
12,645 (2.24/day)
Yes...In my area the layoff rate is taking it's toll. Circuit City, Qimondo, Smurfit Stone,Wyeth ,and other plants/businesses laying off and putting a large number of people on the street. The crime rate seems to be rising, as in, more theft, robbery, violent crime, so you have to watch yourself and property a lot more. Property crimes and home break-ins are really on the increase.

Money wise, not much, right now, but may get worse, if costs increase.
 

intel igent

New Member
Joined
Jun 5, 2005
Messages
4,640 (0.68/day)
Location
Toronto, Canada
System Name old school / new school
Processor 3.0e C0 @ 3.6 / e5200
Motherboard p4p800e-dlx / p5q-DLX
Cooling custom water see sig / air
Memory 2x1g oczPC4000EbPl / 2x2g ocz2rpr1066
Video Card(s) 3850AGP / 4890vaporX
Storage 36g raptor+120g wd / wd 1001fals 1tb
Display(s) BenQ / sharpAQUOS LC-37D64U
Case modded antec plusview / generic
Audio Device(s) audigy 2zs / ASUS Xonar HDAV1.3
Power Supply fan/cable modded powerstream 520 / OCZ 700mxsp
Software Xp pro SP2 / VISTA ultimate OEM
Joined
May 4, 2007
Messages
2,165 (0.35/day)
Location
Wallingford, CT
Processor Intel i7-5930k
Motherboard ASRock Taichi X99
Cooling Phanteks PH-TC14PE
Memory 4x8GB HyperX FURY DDR4-2666 15-17-17-15
Video Card(s) MSI GTX 1070 Gaming X 8G
Storage 1x Plextor PX-512M6S SSD, 1x WD 750gb HDD, 2x Hitachi 2TB HDD, 1x Seagate 4TB HDD
Display(s) 2x Dell P2314H
Case Fractal Define R4
Audio Device(s) Onboard
Power Supply Corsair AX860i
Mouse ROCCAT Kone Pure Color White
Keyboard Corsair K95 RGB - Cherry MX Brown
Software Windows 10 Professional x64
I'm probably going to be laid off soon (within 60 days) from AT&T.
 

EviLZeD

New Member
Joined
Sep 14, 2006
Messages
815 (0.13/day)
System Name Ez - 1st custom
Processor AMD Phenom x3 8450
Motherboard Asus m3a78-em
Cooling thermaltake mini typhoon :D aerogate fan controller
Memory 6gb corsair xms 2 800mhz ddr2
Video Card(s) xpertvision HD 4850 1GB ddr3 sonic 685/1000
Storage Corsair 128gb SSD, 2x 250GB maxtor 16mb cache raid 0, 500gb 32mb cache storage
Display(s) AMD surround view 2x e172fp 17" 1x dell e248wfp 24"
Case coolermaster elite 330
Audio Device(s) creative audigy se
Power Supply hiper type r 580watt
Software Windows 7 x64
Yes it has effected me i lost my part time job at woolworths :( and you know now there gone
 
Joined
Dec 6, 2005
Messages
10,881 (1.63/day)
Location
Manchester, NH
System Name Senile
Processor I7-4790K@4.8 GHz 24/7
Motherboard MSI Z97-G45 Gaming
Cooling Be Quiet Pure Rock Air
Memory 16GB 4x4 G.Skill CAS9 2133 Sniper
Video Card(s) GIGABYTE Vega 64
Storage Samsung EVO 500GB / 8 Different WDs / QNAP TS-253 8GB NAS with 2x10Tb WD Blue
Display(s) 34" LG 34CB88-P 21:9 Curved UltraWide QHD (3440*1440) *FREE_SYNC*
Case Rosewill
Audio Device(s) Onboard + HD HDMI
Power Supply Corsair HX750
Mouse Logitech G5
Keyboard Corsair Strafe RGB & G610 Orion Red
Software Win 10
Quite a few people were let go from my place. Salary/travel freezes & incredibly tight expenses... the usual :) Been through some downturns before, but this one seems their hardest yet.
 
Joined
Nov 8, 2006
Messages
5,052 (0.80/day)
Location
Manchester, United Kingdom
Processor AMD FX 8320 @ 4GHz
Motherboard Gigabyte GA-990FXA-UD5 rev1
Cooling Corsair H70
Memory 4 x 4GB DDR3 Ripjawz 1600Mhz
Video Card(s) Sapphire Vapor-X AMD R9 280X
Storage 1 x 500GB Samsung Evo 850, 1 x 500GB Vrap Data Drive, 3 x 2TB Seagate, 1 x 1TB Samsung F1
Display(s) 3 x DGM IPS-2402WDH
Case Coolermaster HAF X
Audio Device(s) Onboard
Power Supply Coolermaster 1000W Silent Pro M
Mouse Logitech G502
Keyboard Logitech G510
Software Windows 10 Pro x64
Lost my job at the end of December when the company I worked for collapsed (Woolworths).

I'm about £2500 in debt, and getting less than £100 a month in benefits, and despite 2 years worth of retail experience, and a couple months management experience no one wants to hire me.

Yes, it's affected me horribly. However I have an opportunity to work at the Foreign Commonwealth Office down south, but going to take 3 or 4 months before 1) I find out if I'm accepted, and 2) I get security clearance to get on the site and start work.
 
Joined
Nov 14, 2007
Messages
1,773 (0.30/day)
Location
Detroit, MI
Processor AMD Ryzen 7 5800X3D
Motherboard ASUS TUF Gaming X570-Pro Wifi II
Cooling Hyper 212 EVO v2
Memory 2x16GB G.Skill DDR4-4000
Video Card(s) AMD RX 6750 XT
Storage WD Black SN850 2TB, various other SSD's from ages past
Display(s) LG 27GL850 1440@144, AG Neovo EM2701QC 1440@75
Case Zophos EVO Silent by Raijintek
Audio Device(s) HyperX Cloud II Wireless headphones
Power Supply Corsair RM850x
Mouse ProtoArc EM01
Keyboard Razer Blackwidow X Chroma Mercury
Software Windows 11 Pro
Being from Michigan, most of the people that would be getting layoffs, have already been for months. It's kinda nice, because we're ahead of the curve a little bit. Our worker base is changing to be much more dynamic than simply auto manufacturing and related tech. There are more biochemical jobs coming here related to agriculture. Google has set up shop locally. Our entire state economic policy is fully devoted to diversity in our job economy. We've been suffering for years, and the rest of the country still hasn't caught up. lol. 10.8% unemployment in Michigan.

A lot of that number is from people waiting to go back to work for the auto industry. I'd imagine another 3% would be tacked on, except they decided to step away from their careers and do something else. I'm a pretty common example.

I worked as a quality engineer for a while, got laid off over the summer and finally got into the IT job I wanted. My company is still small (1400-ish), but have had huge gains year after year, over 50%. Our scope for expansion, even in the current economic downturn, will not be fulfilled for at least 5 years. This is the kind of company that Michigan really doesn't have. With everything being so centric around auto, these types of companies are generally outsourced from other states, and overseas. We're 100% Michigan here, and now WE are the ones outsourcing to other states (and sometimes Canadia).

I can think of at least a dozen other industries that simply do not exist here, and are fully brought in from elsewhere. These are the things that I feel states need to look at, and fulfill, to be prosperous. There's always a premium when you deal with national companies over local ones. When the balance falls to the side of nation-wide companies, the local economy becomes dependant, and will ultimately fail. Manufacturing will still be a large part of the economy here, but eventually those 10% will have to realize, it's not going to be automotive that they'll be working.
 

freaksavior

To infinity ... and beyond!
Joined
Dec 11, 2006
Messages
8,095 (1.28/day)
System Name ZeroUptime | M.A.S.S / MM1
Processor Xeon 2659 v3 / Xeon 2683 v4 / ARM A14
Motherboard Asus X99-E-10G WS / ASRock x99 usb 3.1 / Apple
Cooling NZXT Kraken / Noctua NH-L12 / Apple
Memory 16Gb DDR4 / 32Gb DDR4 / 16GB HBLM
Video Card(s) Powercooler ATI vega 64 / GT 7300 / ARM
Storage Samsung 970 512 Evo NVMe / A lot. / 256 + 512 External TB3
Display(s) Acer Predator X34 / Headless / Acer X34 Non predator
Case NZXT H630 |Rosewill 8bay 4u server chasiss / MMM1
Audio Device(s) Onboard / Onboard / Onboard
Power Supply Corais HX850 | Corsair TX750 / Internal 250w
Mouse g502 proteus core / Headless / g502 proteus core
Keyboard Corsair K95 Cherry Blue / Headless / K65 Cherry Red
Software Windows 10 / ESXI / Big Sur 11.2.2
I honestly think if the media and every one would stop prmoting this "economy crisis" everything would go back to normal, people would spend their money without worry.

i think its a bunch of bull crap
 

Odin Eidolon

New Member
Joined
Feb 12, 2008
Messages
920 (0.16/day)
Location
Rockclimbing somewhere in Italy
Processor e6300 @ 3000, stock Volts
Motherboard msi p35 neo2-FIR
Cooling HDT-1283
Memory 2gb tracers 1066 micron d9GMH, cooled by a modded CoolIt Memory Cooler
Video Card(s) HIS 4850 ICEQ4
Storage WD Caviar 16 320gb WDAAKS + 640gb WDAAKS
Case CM RC-690 sligthly modded
Power Supply Bequiet darkpower PRO 850W (say overkill? :D)
Software kubuntu 8.10 + Windows XP, soon Windows 7 too
it affect me even if i am only 18 and even if i live with my parents. we have to keep an eye on the price tag for everything. My mother's car is 14 years old but we cant buy a new one. Both my parents have a pretty good job and the house where we live belongs to us, so we havent got to pay any rent. many friends here have been fired.
People just cant spend money without worry like freaksaviour said because they dont have any money anymore. the supermarkets are empty at the end of the month here in Italy. why? because here we all get paied on the 27th of each month, and lots of people fhave no money already on the 20th.

economy is bugged. there is something wrong with it. When will the virtual value of things reflect their real value?
 
Joined
Apr 23, 2006
Messages
3,558 (0.54/day)
Location
Enschede, The Netherlands
System Name Lian Li Carbon fiber ed.
Processor Intel i5 2500k 4.6Ghz 24/7 Max OC 5Ghz
Motherboard Asrock Z68 Extreme3 Gen3
Cooling Swiftech blocks, 360 Xflow rad, Swiftech 120 rad, Liang with XSPC res/pump top.
Memory 8Gb Mushkin 1600Mhz 8-9-8-24
Video Card(s) Sapphire HD6950 2Gb
Storage OCZ Vertex 4 128 / Western Digital 160
Display(s) ASUS 25,5" wide VW266h
Power Supply Corsair HX620 modular
Software Windows 7 64
I honestly think if the media and every one would stop prmoting this "economy crisis" everything would go back to normal, people would spend their money without worry.

i think its a bunch of bull crap

Yeah don't you hate that. Every day on the news ''We are in a recession, We are in a recession''.
 
Last edited by a moderator:

freaksavior

To infinity ... and beyond!
Joined
Dec 11, 2006
Messages
8,095 (1.28/day)
System Name ZeroUptime | M.A.S.S / MM1
Processor Xeon 2659 v3 / Xeon 2683 v4 / ARM A14
Motherboard Asus X99-E-10G WS / ASRock x99 usb 3.1 / Apple
Cooling NZXT Kraken / Noctua NH-L12 / Apple
Memory 16Gb DDR4 / 32Gb DDR4 / 16GB HBLM
Video Card(s) Powercooler ATI vega 64 / GT 7300 / ARM
Storage Samsung 970 512 Evo NVMe / A lot. / 256 + 512 External TB3
Display(s) Acer Predator X34 / Headless / Acer X34 Non predator
Case NZXT H630 |Rosewill 8bay 4u server chasiss / MMM1
Audio Device(s) Onboard / Onboard / Onboard
Power Supply Corais HX850 | Corsair TX750 / Internal 250w
Mouse g502 proteus core / Headless / g502 proteus core
Keyboard Corsair K95 Cherry Blue / Headless / K65 Cherry Red
Software Windows 10 / ESXI / Big Sur 11.2.2
Yeah don't you hate that. Every day on the news ''We are in a recession, We are in a recession''. Just STFU. :slap:

NO WE ARE NOT!!

its in peoples head!! seriously why did this "crisis" hit us? hmm thank you media and freakin news for filling everyone head full of crap!
 
Joined
Feb 19, 2006
Messages
6,270 (0.95/day)
Location
New York
Processor INTEL CORE I9-9900K @ 5Ghz all core 4.7Ghz Cache @1.305 volts
Motherboard ASUS PRIME Z390-P ATX
Cooling CORSAIR HYDRO H150I PRO RGB 360MM 6x120mm fans push pull
Memory CRUCIAL BALLISTIX 3000Mhz 4x8 32gb @ 4000Mhz
Video Card(s) EVGA GEFORECE RTX 2080 SUPER XC HYBRID GAMING
Storage ADATA XPG SX8200 Pro 1TB 3D NAND NVMe,Intel 660p 1TB m.2 ,1TB WD Blue 3D NAND,500GB WD Blue 3D NAND,
Display(s) 50" Sharp Roku TV 8ms responce time and Philips 75Hz 328E9QJAB 32" curved
Case BLACK LIAN LI O11 DYNAMIC XL FULL-TOWER GAMING CASE,
Power Supply 1600 Watt
Software Windows 10
Yes I am feeling the affects ...find out if I still have a job tomorrow....:cry: ....been with the company for over 10 years .....I am from upstate Ny ...NO jobs around here :(:cry::(
 
Joined
Nov 14, 2007
Messages
1,773 (0.30/day)
Location
Detroit, MI
Processor AMD Ryzen 7 5800X3D
Motherboard ASUS TUF Gaming X570-Pro Wifi II
Cooling Hyper 212 EVO v2
Memory 2x16GB G.Skill DDR4-4000
Video Card(s) AMD RX 6750 XT
Storage WD Black SN850 2TB, various other SSD's from ages past
Display(s) LG 27GL850 1440@144, AG Neovo EM2701QC 1440@75
Case Zophos EVO Silent by Raijintek
Audio Device(s) HyperX Cloud II Wireless headphones
Power Supply Corsair RM850x
Mouse ProtoArc EM01
Keyboard Razer Blackwidow X Chroma Mercury
Software Windows 11 Pro
NO WE ARE NOT!!

its in peoples head!! seriously why did this "crisis" hit us? hmm thank you media and freakin news for filling everyone head full of crap!

There's a couple of key indicators actually. Most of them stem from the housing market...

Couple years back feds decided to mandate the minimum amount of low-income loans banks had to make to be fair. Banks started meeting these standards that they were forced to uphold. Turns out, they started to see a whole ton of money from lowering their standards, and were writing loans by the fist-full every day. Smelling huge return investments they started creeping in bad words like 5-year ARM, and balloon payments.Those low-income families defaulted on their loans, banks couldn't eat the horrible horrible losses, construction companies had to immediately halt and fold, and pretty much any bank that dealt these loans fell apart and started scrambling for money. What they got hold of, they never let go.

Banks that don't loan, don't make money. Companies that can't get a loan, don't grow, and occasionally can't pay their employees. The entire new construction boom was a huge loss, since there was an overabundance of new homes still unsold.

It's not some made up lie. It's dramatic, and media loves to run with bad news, but it seriously isn't some huge conspiracy made up to scare people.

You are right in that we should stop talking about how bad things are, and talk about instead what is going on about fixing that. Hence we've turned to our government to figure it out, hence all the TARP funds towards economic stimulation. It took years for the market to bubble and pop. It's going to take a while to collect the pieces and get things back in order. Certainly not the end of the world, but still serious and real.
 
Joined
Jan 17, 2009
Messages
2,143 (0.39/day)
System Name THE MAD BEAST!!!
Processor Tinfoil rapper with some coathangers
Motherboard Graham cracker with with frosting
Cooling A shovel full of snow
Memory Grey matter out of a corpse
Video Card(s) Cat eyes
Storage A whales brain
Display(s) Cyclops eyeball
Case Inside a yetis hollowed out corpse
Audio Device(s) howling banchee
Power Supply 32 hamster on a massive wheel
Software WHo needs software when you have a box of kittens
Benchmark Scores IS gatrillions a number?
im not really effected im millitary, but it sux
 
Joined
May 12, 2006
Messages
11,119 (1.70/day)
System Name Apple Bite
Processor Intel I5
Motherboard Apple
Memory 40gb of DDR 4 2700
Video Card(s) ATI Radeon 500
Storage Fusion Drive 1 TB
Display(s) 27 Inch IMac late 2017
I'm a G-Man. Relatively immune to layoffs. Thankfully I don't have any debts. The effect it does have is that I'm saving up a lot in fear of rising inflation, which is somewhat affecting my lifestyle.
your a federal agent? Thats a acronym for federal agent here
Layoffs left and right, companies reporting losses, are you affected?

Yes it does being a retired police officer my pension might be effected and since I retired early from injuries, I drive a school bus, because frankly it's not physically demanding and I like kids (plus where I live it's 24.99, a hour payed summers off and you only work a 160 days a years), but a levy may fail soon and I could lose that job as well. This could get very ugly.
 
Last edited:
Joined
Mar 28, 2007
Messages
2,490 (0.40/day)
Location
Your house.
System Name Jupiter-2
Processor Intel i3-6100
Motherboard H170I-PLUS D3
Cooling Stock
Memory 8GB Mushkin DDR3L-1600
Video Card(s) EVGA GTX 1050ti
Storage 512GB Corsair SSD
Display(s) BENQ 24in
Case Lian Li PC-Q01B Mini ITX
Audio Device(s) Onboard
Power Supply Corsair 450W
Mouse Logitech Trackball
Keyboard Custom bamboo job
Software Win 10 Pro
Benchmark Scores Finished Super PI on legendary mode in only 13 hours.
Oh, I eagerly await the opinions of the amazing financial experts that are sure to show themselves in this thread, telling us exactly why the collapse has happened and why, if everyone just listened to them, they could fix it. :D

As for me, nothing's affected me... yet.
 
Joined
Nov 8, 2006
Messages
5,052 (0.80/day)
Location
Manchester, United Kingdom
Processor AMD FX 8320 @ 4GHz
Motherboard Gigabyte GA-990FXA-UD5 rev1
Cooling Corsair H70
Memory 4 x 4GB DDR3 Ripjawz 1600Mhz
Video Card(s) Sapphire Vapor-X AMD R9 280X
Storage 1 x 500GB Samsung Evo 850, 1 x 500GB Vrap Data Drive, 3 x 2TB Seagate, 1 x 1TB Samsung F1
Display(s) 3 x DGM IPS-2402WDH
Case Coolermaster HAF X
Audio Device(s) Onboard
Power Supply Coolermaster 1000W Silent Pro M
Mouse Logitech G502
Keyboard Logitech G510
Software Windows 10 Pro x64
NO WE ARE NOT!!

its in peoples head!! seriously why did this "crisis" hit us? hmm thank you media and freakin news for filling everyone head full of crap!

Yes we are. The official definition of a recession is a fall in output for 2 successive quarters. As of this month, the UK is officially in a recession.

While I do believe that we shouldn't be being told to save, save, save, but to spend instead (in moderation), it still can't be denied we are in for rough times.

As long as banks are not borrowing/lending between each other then it's much harder to get credit, most business rely on credit to keep themselves a float, a lack of credit means businesses either have to cut back (personnel, company cars etc.) or fold.

The media is making it worse, they did not cause it.
 
Joined
Nov 10, 2008
Messages
1,982 (0.35/day)
Processor Intel Core i9 9900k @ 5.1GHZ all core load (8c 16t)
Motherboard MSI MEG Z390 ACE
Cooling Corsair H100i v2 240mm
Memory 32GB Corsair 3200mhz C16 (2x16GB)
Video Card(s) Powercolor RX 6900 XT Red Devil Ultimate (XTXH) @ 2.6ghz core, 2.1ghz mem
Storage 256GB WD Black NVME drive, 4TB across various SSDs/NVMEs, 4TB HDD
Display(s) Asus 32" PG32QUX (4k 144hz mini-LED backlit IPS with freesync & gsync & 1400 nit HDR)
Case Corsair 760T
Power Supply Corsair HX850i
Mouse Logitech G502 Lightspeed on powerplay mousemat
Keyboard Logitech G910
VR HMD Wireless Vive Pro & Valve knuckles
Software Windows 10 Pro
Even though i'm a student with no current job anyway it has hit me, i'm spending a lot less so i can last as long as possible after my graduation this year without getting in any more debt (i think £12k is enough debt for a student...)

The most annoying part of all this is the only 2 places to buy dvds and blu rays in aberystwyth were from woolworths (gone) or w h smith, who got their dvds from woolworths :shadedshu (note i do feel bad for all the poor people who lost their jobs at woolies)..
 
Joined
May 12, 2006
Messages
11,119 (1.70/day)
System Name Apple Bite
Processor Intel I5
Motherboard Apple
Memory 40gb of DDR 4 2700
Video Card(s) ATI Radeon 500
Storage Fusion Drive 1 TB
Display(s) 27 Inch IMac late 2017
Even though i'm a student with no current job anyway it has hit me, i'm spending a lot less so i can last as long as possible after my graduation this year without getting in any more debt (i think £12k is enough debt for a student...)

The most annoying part of all this is the only 2 places to buy dvds and blu rays in aberystwyth were from woolworths (gone) or w h smith, who got their dvds from woolworths :shadedshu (note i do feel bad for all the poor people who lost their jobs at woolies)..

I used to go to Woolworth in Cleveland as a kid they all just went out of business in the USA last month I believe.
 
Joined
Jan 27, 2009
Messages
475 (0.09/day)
Location
Chicago
I honestly think if the media and every one would stop prmoting this "economy crisis" everything would go back to normal, people would spend their money without worry.

i think its a bunch of bull crap

I'm not going to be too hard on you, I mean, we aren't all economists...but you clearly know NOTHING about economics. The basics aren't hard to understand, however. Other than the credit crisis that has already decimated the global banking system, the US economy no longer really exists and has been in decline for a while. The tech boom was a temporary boom of actual value production but it has been largely outsourced by now. There are no technical innovations (on the scale of the automobile or microchip or internet) that are going to resuscitate the US economy and we're at the beginning of a very long, very hard awakening to some of the most fundamental contradictions of capitalism. Financialization, which honest economists have been decrying for years, means that the US doesn't really produce much for a country that consumes more than anyone in the world.
 
Top