Big Depression

[rancer28]

Any views from paople who think that the current financial meltdown is going to really bad.

 

[CITYBOY]

i think it will be the same which was in 1930 //mba jobs also get affected by this depression////

 

[chadha.hitesh]

yes even i feel the same ......................................................................................

 

[bhavanak21]

Hope the Financial depression is not like that of 1930s .The job market is seriously hit.

 

[CLYBritton]

Problem is that in the 1930's, the world was extremely different and a recovery was much easier to achieve. Today with global markets so tied up together, the health of so many national economies being dependant on orgs like the World Bank, etc. , floating of global currencies, financial speculation, greater market fluidity, etc. etc. etc..... well, things may recover (and lets hope they do) but there needs to be a move away from fundementalist ideology controlling political and business decisions or global disaster is inevidable sooner or later....

 

[puja2008]

yes its bad, but not exactly as the 1930's depression...

 

[khaitansaket]

this is definely a big fall in market and all but not a depression according to me

 

[ashvin_1]

I am sure taht it will go longer and america has to face it longer and dipper .....even OBAMA also will not save this crisis....

 

[phani_tavvala]

oooohhhh...don't even dare to compare. 25% unemployment rates, where cash is king, continuous deflation and lot more bad things. We are not even 10% there...I hope we would never get there.

 

[anyzen]

US umemployment rate reached 8.5%, GM & chysler looking for safe bankrupcy.
When then Automobile cos goes off. unemployment will reach 10 - 12% and will add more problems.