How do you spend your Money?

[A Most Loved Man]

I don't really spend often. I'm gonna be spending a fair bit on driving lessons though.

Also there is no GLOBAL ECONOMIC FINANCIAL MELTDOWN. Sure the economy's not exactly in tip top condition but it's not exactly terrible either.

Yes it is.

[Psychotic]

Hey, I don't lecture you about wacky third person threads, so you shouldn't lecture me about economics.

[Quindiana Jones]

I spend it quickly and inappropriately.

I spent my June's pay on the same day I got it. Admittedly, that's only, like, £130 but still.

[A Most Loved Man]

Hey, I don't lecture you about wacky third person threads, so you shouldn't lecture me about economics.

A 3 word post is not a lecture.

Houses prices continue to tumble in the UK (and USA), FTSE 100 is still in bear market territory, Banks will reveal their profits next week (expected to show huge losses), All signs point to a recession, Price of oil continues to reach record levels, expected to hit $150 a barrell sometime this month...

Uhh... yuh.

[Quindiana Jones]

Recessions aren't the end of the world.

[Shoeberto]

Hey, I don't lecture you about wacky third person threads, so you shouldn't lecture me about economics.

A 3 word post is not a lecture.

Houses prices continue to tumble in the UK (and USA), FTSE 100 is still in bear market territory, Banks will reveal their profits next week (expected to show huge losses), All signs point to a recession, Price of oil continues to reach record levels, expected to hit $150 a barrell sometime this month...

Uhh... yuh.

Breaking character is a bannable offense 'round here, mister.

[ReloadPsi]

Food. I'm about willing to admit I have some kind of eating disorder.

[Psychotic]

A 3 word post is not a lecture.

Hey, I don't lecture you about cracking wise, so you shouldn't lecture me about semantics.

Houses prices continue to tumble in the UK (and USA), FTSE 100 is still in bear market territory, Banks will reveal their profits next week (expected to show huge losses), All signs point to a recession, Price of oil continues to reach record levels, expected to hit $150 a barrell sometime this month...

Do you even understand what any of that actually means other than some expert on the news saying "Oh that sure is bad. yes sirree"? (looking them up in Wikipedia just now doesn't count) And yeah, there's a recession. Never said there wasn't. What I did say was that's not a MELTDOWN or terrible like you seem to think it is. There have been many recessions before in the past and the world carried on going without the break down of society. It's just part of a cycle and the economy will recover from it.

[A Most Loved Man]

A 3 word post is not a lecture.

Hey, I don't lecture you about cracking wise, so you shouldn't lecture me about semantics.

Houses prices continue to tumble in the UK (and USA), FTSE 100 is still in bear market territory, Banks will reveal their profits next week (expected to show huge losses), All signs point to a recession, Price of oil continues to reach record levels, expected to hit $150 a barrell sometime this month...

Do you even understand what any of that actually means other than some expert on the news saying "Oh that sure is bad. yes sirree"? (looking them up in Wikipedia just now doesn't count) And yeah, there's a recession. Never said there wasn't. What I did say was that's not a MELTDOWN or terrible like you seem to think it is. There have been many recessions before in the past and the world carried on going without the break down of society. It's just part of a cycle and the economy will recover from it.

Again, a 3 word post is not a lecture. Semantics or not.

And I think I'd rather trust in the word of an 'expert on the news' than a Moderator on a Final Fantasy Forum on the current economic crisis the world is facing. Or wikipedia for that matter.

If you think you can do better then... any idea when the cycle will end Psychotic? And when will the economy recover? Any ideas at all? Hmm?

[Psychotic]

Well if we have to pick at each other's word usage endlessly, a meltdown is something that happens in a nuclear reactor, not an economy. But who's counting?

You know what else this Moderator on a Final Fantasy forum has besides a shiny blue title? A degree in Economics from one of the top Economic departments in the country.

It'll end within a couple of years. I'm not able to give you a specific date.

[Quindiana Jones]

I bet it ends in October. I bloody well bet it does!

[A Most Loved Man]

You know what else this Moderator on a Final Fantasy forum has besides a shiny blue title? A degree in Economics from one of the top Economic departments in the country.

You know what else people who are predicting global economic financial economic meltdowns have besides big vocabularies? Degrees in economics Usually from one of the top Economics departments in the world Like Harvard. Or Yale. Or LSE. And they are usually running the worlds largest corporations and banks

So. Using your degree in Economics, can you tell me how the world will ride out the current... shall we say... 'storm', (for want of a better word like meltdown?) When will the prices of houses stop their continuous fall? When will the price of oil per barrell stop rising? How big are the scales of the sub-prime mortgage losses (I dont think even the banks themselves know!)? When will the price of wheat stop rising? When will the price of essential household goods such as bread and milk stop rising?

Re-assure my faith in the economy and prove the financial experts wrong with your degree in economics from one of the top departments in the country Psychotic

Oh, and which university was it Psychotic?

[Quindiana Jones]

Whilst you're at it Psy, can you tell me when the universe will end? Does God exist? How do we travel faster than light with our current technology? Word on the wire is that you can answer impossible questions, so I'd like to know the answer to them.

[Psychotic]

You know what else this Moderator on a Final Fantasy forum has besides a shiny blue title? A degree in Economics from one of the top Economic departments in the country.

You know what else people who are predicting global economic financial economic meltdowns have besides big vocabularies? Degrees in economics Usually from one of the top Economics departments in the world Like Harvard. Or Yale. Or LSE. And they are usually running the worlds largest corporations and banks

So. Using your degree in Economics, can you tell me why how the world will ride out the current... shall we say... 'storm', for want of a better word like meltdown? When will the prices of houses stop their continuous fall? When will the price of oil per barrell stop rising? How big are the scales of the sub-prime mortgage losses (I dont think even the banks themselves know!)? When will the price of wheat stop rising? When will the price of essential household goods such as bread and milk stop rising?

Re-assure my faith in the economy and prove the finiancial experts wrong with your degree in economics from one of the top departments in the country Psychotic

OK, I'll answer your questions, and then we can get back on topic. Deal? Deal!

The USA has gone through 13 recessions since 1960. It recovered from every single one and this one is no different. It's cyclical. It happens. I don't know when they'll stop their fall, but they've been rising at a crazy amount over the past decade anyway, and I think it's a good thing that they're falling. Certainly for me, anyway. I don't know the answer to that one, and I'll hold my hands up and admit that, but hey, you say the banks don't know that one either so As for oil, and the price of wheat and the price of essential household goods such as bread and milk will never, ever, stop rising. They've always been rising, in case you hadn't noticed (yeah there are price cuts by firms to get more business, but overall, they've been rising). It's called inflation, and that's not a terrible thing unless the prices start changing by huge amounts every day like in 1930's Germany. And they're not. It should also be noted that wages also increase with prices, so it's not like you're any worse off than you were before just because milk is now more expensive.

And besides, it's not like I am the lone ranting madman against the entire combined might of the economics community. There are plenty of experts who agree with what I am saying too.

Oh, and this one.

Quin: Tomorrow. Yes, but he's actually a flying cheese monster (which means spaghetti monster followers are in trouble). Turn out all the lights, then nobody will know the difference.

[Jojee]

O____O @ A Most Loved Man.
Are you okay? *checks temperature*

Well, seeing as college is going up near 50k a year (THANK GOODNESS FOR FINANCIAL AID), I am in serious debt, so I can't spend on much of anything.

We can be poor together. My college costs are projected almost 55k a year! .-.