Comments on: Random Thoughts: It’s The Economy Stupid! (edition) http://www.canajunfinances.com/2008/10/10/random-thoughts-its-the-economy-stupid-edition/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Tue, 16 Mar 2010 10:34:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Monty Loree http://www.canajunfinances.com/2008/10/10/random-thoughts-its-the-economy-stupid-edition/comment-page-1/#comment-3210 Monty Loree Sat, 11 Oct 2008 11:27:55 +0000 http://www.canajunfinances.com/?p=1742#comment-3210 So.. the U.S. economy is desperate for credit to pay for their credit... and the banks don't trust each other. Doesn't that make the U.S. banking system bankrupt? The U.S. banks aren't trusted enough to get credit. Isn't that the case with somebody who just went bankrupt from too much debt. Just a quick opinion. So.. the U.S. economy is desperate for credit to pay for their credit… and the banks don’t trust each other.

Doesn’t that make the U.S. banking system bankrupt?

The U.S. banks aren’t trusted enough to get credit. Isn’t that the case with somebody who just went bankrupt from too much debt.

Just a quick opinion.

]]> By: Tony http://www.canajunfinances.com/2008/10/10/random-thoughts-its-the-economy-stupid-edition/comment-page-1/#comment-3207 Tony Sat, 11 Oct 2008 04:20:32 +0000 http://www.canajunfinances.com/?p=1742#comment-3207 Today marks one week of financial turmoil in the world markets, a fictitious and fabricated recession - only one problem with that specific wording - The only country that truly has any problems is the USA. All these financial institutes should get a grip on reality and themselves - they are no different than our own households. When things go bad with household income – the leader of the house or the person that runs the household, makes precise decisions in order to curb the losses sustained or the losses predicted to be sustained before they happen. This has not been evident with the US financial institutes – they have been mismanaged for years, and now the mismanagement has reached to the point of no return. Yes, many will say that banks and lending institutes from abroad have also contributed to take a loss – this is only because these financial institutes took risks as any business does – it could have been profitable and non of us would have heard of any repercussions when earning billions of dollars – but now that they have lost, and they ask for hand-outs, we now hear of the problems related to the hard economic times we now face. – well ladies and gentlemen “Business is Business”, and it is unfair for governments or countries (via "on the backs of tax payers") to bear the brunt and contribute in order to keep these mismanaged companies afloat. If these financial institutes have made bad decisions – then they should be allowed to fail. Had any of us faced the same circumstances – the banks and governments would have ushered us to go into bankruptcy – the two scenarios should be no difference. These governments have absolutely no right in allowing any bailout programs. The Canadian Government as well as the British, Italian, German, Iraqi and European governments should all band together and spell out that their counties do not share the same financial problems as the USA, and that these financial problems are solely that of the USA, and the USA should not drag other countries down with their financial worries Stock markets around the world should not be reacting negatively, instead Canadian, Italian, British, German and most European countries should all be booming with indexes going up not down The media has done an excellent job securing false and fabricated fears in the world markets Facts – the USA has more debt than any other country The USA continually spends billions on a war that they should not be involved with The USA will never be able to pay off its debt in our lifetime These are the facts Today marks one week of financial turmoil in the world markets, a fictitious and fabricated recession – only one problem with that specific wording – The only country that truly has any problems is the USA. All these financial institutes should get a grip on reality and themselves – they are no different than our own households. When things go bad with household income – the leader of the house or the person that runs the household, makes precise decisions in order to curb the losses sustained or the losses predicted to be sustained before they happen. This has not been evident with the US financial institutes – they have been mismanaged for years, and now the mismanagement has reached to the point of no return. Yes, many will say that banks and lending institutes from abroad have also contributed to take a loss – this is only because these financial institutes took risks as any business does – it could have been profitable and non of us would have heard of any repercussions when earning billions of dollars – but now that they have lost, and they ask for hand-outs, we now hear of the problems related to the hard economic times we now face. – well ladies and gentlemen “Business is Business”, and it is unfair for governments or countries (via “on the backs of tax payers”) to bear the brunt and contribute in order to keep these mismanaged companies afloat. If these financial institutes have made bad decisions – then they should be allowed to fail. Had any of us faced the same circumstances – the banks and governments would have ushered us to go into bankruptcy – the two scenarios should be no difference. These governments have absolutely no right in allowing any bailout programs.

The Canadian Government as well as the British, Italian, German, Iraqi and European governments should all band together and spell out that their counties do not share the same financial problems as the USA, and that these financial problems are solely that of the USA, and the USA should not drag other countries down with their financial worries

Stock markets around the world should not be reacting negatively, instead Canadian, Italian, British, German and most European countries should all be booming with indexes going up not down

The media has done an excellent job securing false and fabricated fears in the world markets

Facts – the USA has more debt than any other country
The USA continually spends billions on a war that they should not be involved with
The USA will never be able to pay off its debt in our lifetime

These are the facts

]]> By: michael James http://www.canajunfinances.com/2008/10/10/random-thoughts-its-the-economy-stupid-edition/comment-page-1/#comment-3205 michael James Fri, 10 Oct 2008 12:03:45 +0000 http://www.canajunfinances.com/?p=1742#comment-3205 Thanks for the link. Have a good weekend. Thanks for the link. Have a good weekend.

]]> By: Random Thoughts: It’s The Economy bStupid/b! (edition) http://www.canajunfinances.com/2008/10/10/random-thoughts-its-the-economy-stupid-edition/comment-page-1/#comment-3204 Random Thoughts: It’s The Economy bStupid/b! (edition) Fri, 10 Oct 2008 08:43:57 +0000 http://www.canajunfinances.com/?p=1742#comment-3204 [...] bigcajunman wrote an interesting post today onRandom Thoughts: Itâ??s The Economy bStupid/b! (edition)Here’s a quick excerptIt’s The Economy bStupid/b! Around the blogs we read the following:. Everybody Loves Your Money asks the chilling question, Is this The End of America? Where it is asked is it time for America to get it’s books in order? b…/b [...] [...] bigcajunman wrote an interesting post today onRandom Thoughts: Itâ??s The Economy bStupid/b! (edition)Here’s a quick excerptIt’s The Economy bStupid/b! Around the blogs we read the following:. Everybody Loves Your Money asks the chilling question, Is this The End of America? Where it is asked is it time for America to get it’s books in order? b…/b [...]

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