Wall Street almost crashed.

[fingerblaster69]

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Tell me what you think and if you think it will happen again. I think that it won't but human are bound to do the same mistakes again.

 

[Cirus]

To me the market is like trying to understand a woman. It is never going happen.

Now will it happen again? Most likely it will. Companies are still going to try and make profit, and they are going to do it in any way they can. With the current attitude that is going around with the whole money scare from several countries it is only going to get worse. No country at this point can afford to fail because if it does then there will be a major sell off in all the markets.

This will keep on happening until regulation is put in to protect people. It is going to be something that companies will not like, but it will insure that the companies can not go out and screw people over so they can increase their profit margin.

 

[squiremarcus]

... it was mostly the cause of a glitch

 

[Pesh]

To me the market is like trying to understand a woman. It is never going happen.

Now will it happen again? Most likely it will. Companies are still going to try and make profit, and they are going to do it in any way they can. With the current attitude that is going around with the whole money scare from several countries it is only going to get worse. No country at this point can afford to fail because if it does then there will be a major sell off in all the markets.

This will keep on happening until regulation is put in to protect people. It is going to be something that companies will not like, but it will insure that the companies can not go out and screw people over so they can increase their profit margin.

That will never happen, those companies are what keeps the market open, so if they dont like it, the loses will be far greater.
The only way to make such big changes is bit by bit

But yeh, I cant refuse there would be more crushes in the future :/

 

[Cirus]

That will never happen, those companies are what keeps the market open, so if they dont like it, the loses will be far greater.
The only way to make such big changes is bit by bit

But yeh, I cant refuse there would be more crushes in the future :/

Interesting, but you know those bit by bit changes from what I have seen cause more problems then just making a bunch of changes all at once. For example the credit card companies. The government did a bit by bit change on it (just putting restriction on the interest rates), and what happened was that the credit companies jacked up the rates on everyone sky high.

Still I guess the difference in our belief for things to be done is you believe in small steps to equal one big step over time, while I believe in making big changes in short amounts of time. Which is cool in my opinion.

 

[Pesh]

Interesting, but you know those bit by bit changes from what I have seen cause more problems then just making a bunch of changes all at once. For example the credit card companies. The government did a bit by bit change on it (just putting restriction on the interest rates), and what happened was that the credit companies jacked up the rates on everyone sky high.

Still I guess the difference in our belief for things to be done is you believe in small steps to equal one big step over time, while I believe in making big changes in short amounts of time. Which is cool in my opinion.

Well, they cant just put such regulations at once like that, because there might be a crash, and it wont be for a day. I doubt that any of the companies would agree. So, yeh, there must be talks and they should try to integrate it bit by bit and see what would happan. Thats gambilng, one mistake and the damage will be enourmas

 

[Cirus]

Well, they cant just put such regulations at once like that, because there might be a crash, and it wont be for a day. I doubt that any of the companies would agree. So, yeh, there must be talks and they should try to integrate it bit by bit and see what would happan. Thats gambilng, one mistake and the damage will be enourmas

I do see your side of the arguments and it is a logical one. Which I think would be the best route under a much better economic condition.

Right now the economy on the global scale is already down the toilet. Instituting such regulations now with mass would be the most direct way with the least amount of affect.

I think about it this way. If they start going bit by bit over time, and the market does recover. Then the drive to push such changes through would go away and the nation as a whole would be right back where it started with a potential problem waiting to happen again in several years.

The mistake aspect with enormous potential pitfalls is a strong possibility, but I just don't see it going that way.

 

[Pesh]

I do see your side of the arguments and it is a logical one. Which I think would be the best route under a much better economic condition.

Right now the economy on the global scale is already down the toilet. Instituting such regulations now with mass would be the most direct way with the least amount of affect.

I think about it this way. If they start going bit by bit over time, and the market does recover. Then the drive to push such changes through would go away and the nation as a whole would be right back where it started with a potential problem waiting to happen again in several years.

The mistake aspect with enormous potential pitfalls is a strong possibility, but I just don't see it going that way.

Yeh, well, but dont you think that the countries that have already started recovoring would have to walk that long way back to the top and the ones with worst conditions would be like lost, would be in great debts and it would take them years to recover if it doesnt go very well?

 

[Cirus]

Yeh, well, but dont you think that the countries that have already started recovoring would have to walk that long way back to the top and the ones with worst conditions would be like lost, would be in great debts and it would take them years to recover if it doesnt go very well?

Every time something is done on the political scale that can affect the world there are always nasty elements to it that people do not like. As I stated before that if minor changes are going to be made over a longer term, then personal interest from people would go away and those changes would stop prior to all the policy introductions that would be needed. Which would allow for another economic collapse to happen again, and as history shows they seem to be getting closer together in time, and thus the poorer countries will get hit more frequently and harder.

I am not saying my thoughts are the best or the only option that should potentially be done, but from my point of view this is the fastest and most cost effective way to ensure a long term fix.

Think about it like a credit card. You put 1000 dollars on it. Instead of paying it all off at once you decide to keep doing the monthly payments. Which in the long term would cost you way more money. If you did pay it off at once it would hurt because you would have to come up with as sizable amount of cash, but in the long term thing would be much better because you would not have that looming over your head.