Comments on: How is the crisis affecting you? http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/ Share your views on hot topics Sun, 29 Nov 2009 06:31:50 +0000 http://wordpress.org/?v=2.6.2 By: Terence Johnson http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349992 Terence Johnson Mon, 13 Oct 2008 15:56:02 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349992 I am concerned that the choices offered in this poll are all negative, which seems inconsistent with Reuters usual impartially. There isn't even a "None of the above" or "I'm holding on tight" option, which is what a lot of people are doing, refusing to succumb to a panic which is now at least partly media-induced. I am concerned that the choices offered in this poll are all negative, which seems inconsistent with Reuters usual impartially.

There isn’t even a “None of the above” or “I’m holding on tight” option, which is what a lot of people are doing, refusing to succumb to a panic which is now at least partly media-induced.

]]> By: Jack http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349984 Jack Sun, 12 Oct 2008 17:04:50 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349984 I cut back all expenses and removed some RRSP to pay down credit cars debt.We used to travel to litle towns outside of our city every weekend to show sight see etc.Not any more,now we go for walk at some of the local trails in our area. The days of easy credit,high levering for a quick buck are gone,at least in our life time. It astounds me how these wall street gurus still think there will be a quick fix for this crises and the markets will back to normal.Even after this massive de-leveraging ends,there will be so much regulation and government intervention in the markets it will be as dull and as profitable as T-bills. -Ageing population -Healthcare crises -Energy crises We are in for some tough times folks.I predict unemployment goes to 15% I cut back all expenses and removed some RRSP to pay down credit cars debt.We used to travel to litle towns outside of our city every weekend to show sight see etc.Not any more,now we go for walk at some of the local trails in our area.
The days of easy credit,high levering for a quick buck are gone,at least in our life time.
It astounds me how these wall street gurus still think there will be a quick fix for this crises and the markets will back to normal.Even after this massive de-leveraging
ends,there will be so much regulation and government intervention in the markets it will be as dull and as profitable as T-bills.
-Ageing population
-Healthcare crises
-Energy crises
We are in for some tough times folks.I predict unemployment goes to 15%

]]> By: George http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349982 George Sun, 12 Oct 2008 15:59:05 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349982 Just retired last December and moved 401k investments into international growth areas understanding that the U.S. economy was going flat. Slowly lost almost 15% over last 9 months thinking international markets were independent of U.S. Big mistake! Then over the last month and especially last week lost 15 more %! Total loss....72k! Have NO faith in Wall Street anymore. Moved all of investments out and putting into money markets, CDs and cash. Mark my words......the Dow will fall this coming week another 1000 points. Good luck to all. PS.....did anyone notice that Allan Greenspan has virtualy disappeared from the media in the last month, when before that he was making comments almost daily after Bernanki made his statements? Just retired last December and moved 401k investments into international growth areas understanding that the U.S. economy was going flat. Slowly lost almost 15% over last 9 months thinking international markets were independent of U.S. Big mistake! Then over the last month and especially last week lost 15 more %! Total loss….72k! Have NO faith in Wall Street anymore. Moved all of investments out and putting into money markets, CDs and cash. Mark my words……the Dow will fall this coming week another 1000 points. Good luck to all. PS…..did anyone notice that Allan Greenspan has virtualy disappeared from the media in the last month, when before that he was making comments almost daily after Bernanki made his statements?

]]> By: Mike http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349981 Mike Sun, 12 Oct 2008 14:35:45 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349981 US citizen 59. Lost $130,000 so far in IRA. We are all being taken for a ride. The wealthy, investment houses, banks and the US government will protect themselves and the average person will be left with the short end of the stick. We are consumer lemmings hedged in by these people. If you operate outside of their system by being frugal it's only going to hurt others like you. Rock and a hard place US citizen 59. Lost $130,000 so far in IRA. We are all being taken for a ride. The wealthy, investment houses, banks and the US government will protect themselves and the average person will be left with the short end of the stick. We are consumer lemmings hedged in by these people. If you operate outside of their system by being frugal it’s only going to hurt others like you. Rock and a hard place

]]> By: Joe http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349980 Joe Sun, 12 Oct 2008 13:35:21 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349980 The fallacy of buy and hold has been dispelled once and for all and sadly a question is raised about the long term viability of free market capitalism. Although we have Bush to blame about these tragic events we must recognize that he had alot of help to get us here. Reagan's deficit spending spree...Greenspan's free market dogma...ceo's and political leaders worry about tactical planning versus longer term strategic planning, and finally unbridled American consumption without thought of the future are just a few of the players. The way I'm playing this mess is by tactical trading because I know in the long run...as long as we spend more than we produce this will end very badly. The fallacy of buy and hold has been dispelled once and for all and sadly a question is raised about the long term viability of free market capitalism. Although we have Bush to blame about these tragic events we must recognize that he had alot of help to get us here. Reagan’s deficit spending spree…Greenspan’s free market dogma…ceo’s and political leaders worry about tactical planning versus longer term strategic planning, and finally unbridled American consumption without thought of the future are just a few of the players. The way I’m playing this mess is by tactical trading because I know in the long run…as long as we spend more than we produce this will end very badly.

]]> By: Paul http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349979 Paul Sun, 12 Oct 2008 13:02:19 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349979 It\'s not affecting me very much. Over the years I saved money, I carry no credit card debt, and did not enter into a stupid home loan. I think it might be good for the system to meltdown. It\’s not affecting me very much. Over the years I saved money, I carry no credit card debt, and did not enter into a stupid home loan. I think it might be good for the system to meltdown.

]]> By: Ray http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349978 Ray Sun, 12 Oct 2008 12:59:01 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349978 Wanted to become an actor, but studio started to cut production budget, I cannot even afford the cocaine anymore and now I have to use crack which stinks and puts me on bad trips in which I hallucinate about the world going down. Wanted to become an actor, but studio started to cut production budget, I cannot even afford the cocaine anymore and now I have to use crack which stinks and puts me on bad trips in which I hallucinate about the world going down.

]]> By: Keong http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349977 Keong Sun, 12 Oct 2008 12:37:10 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349977 i live in kuala lumpur, malaysia. so far, no direct impact from the US financial crisis, except if you hold stocks, which had declined by 20%. ironically, with this comes lower oil prices, which would be good as inflation was something we worry more than stock market crashes. only the rich play the markets. i live in kuala lumpur, malaysia. so far, no direct impact from the US financial crisis, except if you hold stocks, which had declined by 20%. ironically, with this comes lower oil prices, which would be good as inflation was something we worry more than stock market crashes. only the rich play the markets.

]]> By: Hai Ninh http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349976 Hai Ninh Sun, 12 Oct 2008 09:48:07 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349976 the crisic hit my home in Vietnam, all the food go up and my wife have to consider which food to buy for the familly. The energy will be up dueto the notice from the authority , so We have to saving the budget to suffer for the difficult duration expect for end of year and also extension during next year, the budget must be made as week to week and cancelling for all the travelling plan. We are loss 1/2 for the total invest in stock and now are just waiting for the economic recover in next year. the crisic hit my home in Vietnam, all the food go up and my wife have to consider which food to buy for the familly. The energy will be up dueto the notice from the authority , so We have to saving the budget to suffer for the difficult duration expect for end of year and also extension during next year, the budget must be made as week to week and cancelling for all the travelling plan. We are loss 1/2 for the total invest in stock and now are just waiting for the economic recover in next year.

]]> By: Paul http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349975 Paul Sun, 12 Oct 2008 08:55:51 +0000 http://blogs.reuters.com/ask/2008/10/08/how-is-the-crisis-affecting-you/#comment-349975 Graduated recently, can't find a job. Was looking for the financial industry but it's hopeless. Trying to switch my focus to elsewhere but it seems that the avalanche is now hitting other industries as well, taking into account the loss in market values in all major equity markets. Graduated recently, can’t find a job. Was looking for the financial industry but it’s hopeless.
Trying to switch my focus to elsewhere but it seems that the avalanche is now hitting other industries as well, taking into account the loss in market values in all major equity markets.

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