World Financial Crises Affecting you?

[arcalae]

Actually, so far it's done good things to me. I live in Norway, and what I've seen is that gasoline prices have dropped and the interest rate on my mortgage is down by 1%. All good for me so far!

[Sinestra]

These are some interesting numbers its playing out like the people who picked the second option are the middle class, which ironically keeps a economy afloat.

[ivi0nk3y]

Originally Posted by Sinestra

These are some interesting numbers its playing out like the people who picked the second option are the middle class, which ironically keeps a economy afloat.

Well I dunno the estimated length of this crisis but we're not in the worst of it yet, me thinks.

Also, According to 'documentaries', banks are still giving students some silly overdrafts and free money. I dunno whether that indicates that banks are stupid or just that they rather invest in students because they are more worth it than a newly wed couple needing a mortgage.

Profit, Profit, Profit.

Anyway, right now are the rainy days you saved for. Hopefully it doesn't get any worse though.

[wilsontheterrible]

I'm technically a full time student but I find odd jobs all the time. On average I work about 30 hours a week and I'm on call whenever they need an extra hand the regular ones include a few restaurants, a department store, and a slaughter house out in the boonies. And since I started those life's been pretty good, I get up at 6 am for college, I normally work 2 or three hours, then I go home, fart around on the interwebs, do some homework, mess yell at some people in CoD4 and sleep at around 2 am.

Plus my dad's federally employed so he's pretty much immune to being fired and my mom's integrated herself so much into her workplaces computer system that they can't get rid of her. So, I guess my family's stood fast against this 'crisis'.

[SSJup81]

Close to non-existent jobs around here. Every week, for my area anyway, seems more and more people are being laid off, which means more competition for me. I'm competing against older people with a whole lot more experience than me. So, for the most part, I'm over-qualified for jobs like McDonald's, but under qualified (only experience wise) when it comes to stuff like working for corporations.

[Echigo]

There's serious doubt that we've hit anywhere near the bottom of where this recession (some are already calling it a depression) will take us. Last night Asahi news was showing that the price of mansions (condos) had fallen by up to 44% in parts of Shibuya and Minato-ku! Unbelievable how quickly they've gone down.

Even the Bank of Japan Governor Masaaki Shirakawa says that we're in for not a bumpy, but a violent ride:

World economy in worst condition since Great Depression: Shirakawa

Not sure about you guys, but this is beginning to worry me to the point where I can't sleep some nights.

[Shanis]

fortunately i´m a student and my dad is a official so he can´t be fired and he sure get his payment, but the taxes here in germany are rising so that is what hurts us most But we´ll manage somehow^^ and at least as long as we don´t work in a car factory we´ll be fine, that field of economy is in big trouble in germany!!!
I´ve read some things in here and I want to say that we don´t really have to worry that much, the taxes are rising but they won´t rise so high nobody will have any money^^ and befor that inflation will devalue the money that much the states have to make a currency reform... some hard times will hit us then, directly in the balls^^

btw I´m attemting an economy school and we are talking about some fincancial-political topics lately, among others about inflation and the current crisis
if you want to discuss something with me, add me in msn (msn adress: [email protected])

[Sinestra]

Originally Posted by ivi0nk3y

Well I dunno the estimated length of this crisis but we're not in the worst of it yet, me thinks.

Also, According to 'documentaries', banks are still giving students some silly overdrafts and free money. I dunno whether that indicates that banks are stupid or just that they rather invest in students because they are more worth it than a newly wed couple needing a mortgage.

Profit, Profit, Profit.

Anyway, right now are the rainy days you saved for. Hopefully it doesn't get any worse though.

Im going to go with the Banks are stupid. Investing in a student at the moment is not such a good idea. With the economy the way it is and its going to get worse there is no guarantee that said student will be able to pay that money back and you dont know if that student will stay in school. Also, just because the student graduates you dont know if they will be able to find work after college its just not smart right now. Investing in a stable married couple with proven income is smarter. But Banks are about one thing as you said profit profit profit so they hooking these kids while their young.

Like said save for a rainy day or in this case save the many a rainy day. I have been putting all extra money into my savings after i pay my bills.

[noodle]

Originally Posted by Sinestra

Im going to go with the Banks are stupid. Investing in a student at the moment is not such a good idea. With the economy the way it is and its going to get worse there is no guarantee that said student will be able to pay that money back and you dont know if that student will stay in school. Also, just because the student graduates you dont know if they will be able to find work after college its just not smart right now. Investing in a stable married couple with proven income is smarter. But Banks are about one thing as you said profit profit profit so they hooking these kids while their young.

Like said save for a rainy day or in this case save the many a rainy day. I have been putting all extra money into my savings after i pay my bills.

I think investing in students is the smartest thing a bank can do right now... You gotta remember, this crisis isn't gonna hold up forever... By the time most of these students finish their studies, the crisis will most likely be over. As for investing in a couple, that's risky because so many people are getting fired. Heck, some people that have been in companies for decades have been fired so someone that's been in a company for a couple of years sure as hell isn't stable. It's dangerous to invest in people that can declare themselves bankrupt after a couple of months!

Plus, students are the leaders of tomorrow. If banks make it too difficult for students to study, then the next economic crisis to hit will be even harder cos most people would be too uneducated. lol

[MMM]

In terms of return on an investment financially, students are probably not the highest profit generating option.

But in terms of long-term value to the economy, industry and the country in general, students are the most valuable investment that can be made.