Quote Originally Posted by A Most Loved Man View Post
Quote Originally Posted by Psychotic View Post

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.