TSX losses $90 billion - X Nations
      
      
Go Back   X Nations > X Nations > General Webmaster Business and Discussions

Reply
 
Thread Tools Display Modes
Old 01-22-2008, 02:19 AM   #1
Casa Nova
Casa Nova should edit this
The Sex Appeal
 
Casa Nova's Avatar
 
Join Date: Mar 2007
Location: Toronto
Posts: 1,133
xBucks: 23,963
Send a message via ICQ to Casa Nova Send a message via MSN to Casa Nova
Default TSX losses $90 billion

It looks like our stock market is going to be heavily affected by the American Credit crunch... I'm hoping this doesn't throw the world into another recession.

I'm on the fence on how it would affect the adult market.
__________________

ICQ: 405-009-573
Casa Nova is offline   Reply With Quote
Old 01-22-2008, 07:51 AM   #2
Jimmidean
Jimmidean is Sniffin Glue as it is cheaper then crack
Senior Member
 
Jimmidean's Avatar
 
Join Date: Oct 2005
Location: Ontario Canada
Posts: 550
xBucks: 8,286
Default

Yep troubled times ahead.
The word recession however is just a buzz word few understand but everyone is afraid of.
Example a recession is defined by to negative quarters back to back
So you have a -1% Q1 and a -1% Q2 followed by a zero 3 and 4 that is a recession.
But if you have a -10 Q1 and a +1 Q2 followed by a -10 Q3 no recession even though the losses are much higher.
Peoples saving are at an all time low, actually the lowest since 1930 I heard last night (probably an a adjusted rate)
Credit debt is through the roof and home values plunge.
If you have cash its time to make money if you have non you sit on the sidlines missing out or worse.
As far as adult the more credit cards that become full or are canceled the lower sales will be.
Look to alternative billing solutions phone etc
We are looking at cashing beer bottles for new members
Sit tight this is going to be one hell of a ride.
__________________
To drunk in the keys for a sighttp://www.xnations.com/images/smilies/smile.gif
ICQ 424349287
Jimmidean is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
2013 - xnations.com
All times are GMT -4. The time now is 05:49 AM.
Skin by vBCore.com