So do you think we are expecting one more Recession ?

[Robin John]

Just one line views on what you think about the stock markets crashing now ? are you(your country) going to get hit ?

[Ananth Chellathurai]

I think "NO".

[Frank Silbermann]

Aside from the housing debacle, the last recession was triggered by high oil prices. Once it seemed we were recovering, oil prices shot up again. So we're going into another recession.

I think what will happen is that we'll reach a steady-state of permanent poor economic performance that will keep oil prices from going beyond moderately high. The consistently somewhat-high oil prices will increase development of alternative sources of energy. We will not see good times again until those alternatives suffice to keep the price of oil low -- or until oil becomes a small enough part of our energy portfolio that high oil prices no longer bother us.

Btw, I don't think reurbanization and tiny cars will suffice. It's the impact of oil prices on food prices that hurts our budget far more than the cost of gasoline for our own vehicles.l

[fred rosenberger]

so much for "one line views"...

[Pat Farrell]

not a crash. Oct 19, 87 was 500 points out of 1800. I expect continued blah economy in most of the world.

[Lalit Mehra]

certainly, there will be something to be cautious of ... but not to be afraid ... i think my country will survive

[Kaustubh G Sharma]

No Not want this thing again....

[Peter Rooke]

"Financial weapons of mass destruction" are starting to unwind! Another bubble and too much greed!

[Lalit Mehra]

I'm Still Unemployed and will be unemployed if something happens ... although it's really sarcastic of me ... but i can't help it both sides ...

[Maneesh Godbole]

It's kind of funny how human psychology is.
The same Standard and Poor (wrongly) rated all those banks and institutions AAA which led to the subprime fiasco. And now this.

[Aditya Jha]

If anything, the 'loss' insurance companies are going to face in UK, especially in London, will add worries about recession.

[Roshan Ramesh]

Back on Ranch after a break

I strongly agree with the points mentioned by Frank on having an alternate sources of Energy. Be it through wind, bio degraded fuels, nuclear etc.., Every country should be provided enough funds for building one such by UN.

The more we are dependant on these fossil fuels, we will be witnessing the financial ups and downs in a very frequent manner.

[Pat Farrell]

Roshan Ramesh wrote: Every country should be provided enough funds for building one such by UN.

And pray tell where would the UN get the trillions of dollars to pay for such a boondoggle?

[sanjey asok]

I am from India and here people starting rumoring that another recession (in global economy) is awaiting and going to hit Software industries in India very soon .

People can share your valuable views on the same?

[Jan de Boer]

Ahm, double dip crisis?

Well if it happens, I at least now have a job, reserves in the bank, and no more alimony to pay...

But I think this present crises is more local. Local Euro crises in the EU. I really want to go back in time and plead to keep the Dutch guilder ten years ago... Don't do it, don't do it!!! Oh, but on holiday now we do not have to change currency, yes that really counterbalances it...

And the USA actually never really recovered from 2008, is still in crises, and has had too much depths since half a century.

[Jan de Boer]

Side question. And may-be this should be in job discussion. But do you actually work harder now?

I do. The threat makes me look at opportunities in work and schooling to better myself, even more then normal. Better be prepared if it happens.

[Maneesh Godbole]

Jan de Boer wrote:Side question. And may-be this should be in job discussion. But do you actually work harder now?
I do. The threat makes me look at opportunities in work and schooling to better myself, even more then normal. Better be prepared if it happens.

It's been my experience that most of the times, you dont play the game, the game plays you.
The best thing I like about scouts is their motto. Be Prepared! That's all you can really do.