Berkeley CSUA MOTD:Entry 49073
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2025/05/23 [General] UID:1000 Activity:popular
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2008/2/5-7 [Academia/Berkeley/CSUA/Troll] UID:49073 Activity:high
2/4     I've warned you guys before, and I'll warn again:
        GLOBAL RECESSION IS HERE.                       -recession swami
        http://www.msnbc.msn.com/id/23020553
        http://csua.com/?entry=48625
        \_ Uhm ok, let's assume we're in a global recession.  You seem to think
           this is a good thing.  Why?
           \_ why do you think I think this is a good thing? big boom,
              big bust, it's been like that for decades.
              \_ because you 'seemed' gloaty about it.  if you say you're not
                 then you're not.  i'm not trying to put words in your mouth.
                 \_ ob i've got something for your mouth
                 \_ he seemed gloaty about prediction ability, not the fact
                 \_ he seems gloaty about prediction ability, not the fact
                    that it may happen.  this seems pretty clear to me.
              \_ Yes, big bust historically is a good thing.
                 link:www.csua.org/u/koz
              \_ Of course big bust is a good thing!  -- motd boob guy #2
                 \_ above link NSFW, if the hint about 'big bust' wasnt enough
                 \_ Agreed. Slow growth is good. Tampering with the
                    interest rate to moderate/encourage growth-- dumb.
        \_ Probably not. The rest of the world will keep perking along, even
           if the US falls into a recession.
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www.msnbc.msn.com/id/23020553
BANGKOK, Thailand - Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors' fears the US economy was sliding into a recession that would sap demand for Asian exports. In Hong Kong, the benchmark index plunged more than 6 percent in morning trading, while Japan's Nikkei 225 index sank more than 4 percent. "It's unbridled pessimism," said Francis Lun, general manager at Fulbright Securities Ltd. "Everyone is concentrating on US recession, but Europe is also looking bad. Economic data Tuesday showing the US service sector shrank last month for the first time since March 2003 wiped out nascent optimism about the American economy that had lifted global markets last week. The news sent the Dow Jones industrial average plunging 370 points, or 293 percent, its largest one-day percentage drop since Feb. Asian markets have dropped sharply from the beginning of the year amid worries about a US -- and global -- slowdown. Many stocks rebounded some over the last two weeks after the US Federal Reserve made two big interest rate cuts to shore up the weakening American economy. But pessimism returned after the Institute for Supply Management reported Tuesday that its index of activity in the US service sector, which accounts for about two-thirds of the economy there, dropped below 50, indicating contraction. It was the first time the service sector reading has contracted since March 2003. European markets also sank Tuesday in reaction to the news, with the UK's FTSE 100 Index sliding 26 percent and France's CAC-40 Index tumbling 4 percent. Asian investors also appeared increasingly anxious about a slump in Europe, another vital export market. "There's a real probability that both the US and Europe will go into recession at the same time," Lun said. "It's a financial mess on the two continents with the subprime crisis and the SocGen debacle." Australia's key index fell nearly 3 percent, while Thailand's market was down 24 percent. Markets in China, South Korea and Taiwan were closed for the Lunar New Year. Trading in Hong Kong and Singapore were due to close after the morning session and remain shut for the rest of the week for the holiday. This material may not be published, broadcast, rewritten or redistributed.
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csua.com/?entry=48625
This will have domino effects on the economy, which is oil driven. We're running out of the capacity to fuel our needs for oil. Won't that look like ass or are they more attractive than the standard CFL bulbs? I am thinking of filling my garage with incandescent bulbs prior to 2014. us/images/uploads/CO2MSUjpg \_ Do you have the graph over a longer time frame? Since the 1998 spike, the global warming fanatics haven't been ...