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Old 10-10-2008, 07:24 AM
urgeok2's Avatar
urgeok2 urgeok2 is offline
Top Of The World Ma!!

 
Join Date: Mar 2008
Posts: 6,950
the canadian dollar lost 10 cents in the last 10 days.

i lost $20,000 in stocks so far ... but i'm not touching anything - i'm pretty sure there will be a rebound eventually ..

but yes indeed - it is the panic that sends us deeper into recession.

people are scared - they stop investing, they stop spending.
the economy needs to be stimulated - without spending - people are laid off - less people can afford to spend and the spiral goes lower and lower tightening all the time.. the ultimate vicious circle.
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