Sadly the partys over and this is just another symptom of that truth.
Stock markets have dived in the last 2 weeks (by a huge 20%+ loss in values), even oil dropping to less than $70/barrel today isn't anything other than a sign that the markets know a major & severe economic contraction is about to hit. It's going to hurt a lot of people I'm sorry to say too.
The 'head-in-the-sand' gang can choose to ignore this or call it baselss speculation but you've got to have been pretty blind & deaf not to get the message that's been coming out loud and clear for the last 2 weeks (and those who watch this stuff have seen this coming for months and some - bearing in mind the unsustainable rise in credit & the idiotic expectation that cheap credit would always be around - even longer).
Maybe you might have noticed that this news was about economics and therefore a comment regarding the current economic situation was appropriate & pertinent to the subject?
You might also have noticed some around here are in total denial about what is going on too.
“An engineer explained to us that hundreds of ear impressions were gathered in the name of research, and while each one obviously boasted its own unique shape and size, one single characteristic remained uniform across the board: the entrance into the ear canal is not a perfect circle, it's an oval.”
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Sadly the partys over and this is just another symptom of that truth.
Stock markets have dived in the last 2 weeks (by a huge 20%+ loss in values), even oil dropping to less than $70/barrel today isn't anything other than a sign that the markets know a major & severe economic contraction is about to hit.
It's going to hurt a lot of people I'm sorry to say too.
The 'head-in-the-sand' gang can choose to ignore this or call it baselss speculation but you've got to have been pretty blind & deaf not to get the message that's been coming out loud and clear for the last 2 weeks
(and those who watch this stuff have seen this coming for months and some - bearing in mind the unsustainable rise in credit & the idiotic expectation that cheap credit would always be around - even longer).
Seriously, why do you choose a tech blog to continuously keep posting economy news in post after post?
WE GET IT!!
Maybe you might have noticed that this news was about economics and therefore a comment regarding the current economic situation was appropriate & pertinent to the subject?
You might also have noticed some around here are in total denial about what is going on too.
Too advanced for you?