Money Forum World

Royal · Joined: 08 Nov 2007 Posts: 2144

How will the world stock market crisis influence us all and is there a solution?
I live on the poor side of the rich poor divide and am starting to fret about the world stock market crisis, which looks to be on a never ending slippery slide. I live with my parents who have quite some debt and arent high earners, I think my dad owns some shares in the company he works for, but not much. How is all of this going to influence the rich and poor classes and what could be a solution in trying to stabalise the slump? How could a solution influence the rich and poor classes? If a solution isn't found, what will happen?

Jonathan · Joined: 08 Nov 2007 Posts: 2155

It should bring you and the rich lots closer together, As they may not be rich and how much poorer can you really get?
The solution is use up less then you earn and be happy with what you have, That way regardless what happens your not influenced.

Jeanne Humphrey · Joined: 08 Nov 2007 Posts: 2164

sell all your stocks and put your money into cold hard cash. the next great recession is at its beginning. don't WAIT till the government states a recession. they'll do all in their power to not admit such a thing just as they did throughout 2000, 2001 and 2002. Our last recession throughout that time was comparable to the great depression in the amount of people without jobs or benefits. the only difference was that this time people had some form of unemployment most of which ran out and the govt had to extend an extra six months . This next recession which has already started will be far greater than the GREAT DEPRESSION. not just in monetary losses housing is down, stocks are down, careers are abroad and american jobs go to illegals 1st then citizens.

Issac Lindsay · Joined: 08 Nov 2007 Posts: 2082

Yes, this just a market cycle..It can get worse..but we'll all go down together.so we're all in the same ship.

Bryant Johns · Joined: 08 Nov 2007 Posts: 2167

Millions of peoples pay pensions into the stock market, it'll generally grow, The western won't let the stock market collapse. We rely on it. Dont lose sleep over it.