Purple_ giraffe asked:


So, I keep reading in the news about this bank going under, or that bank being nationalized…. Britain, Germany, UK… it’s happening all over the world. But then I go out to Asda (Walmart if you’re from the US) and my life seems pretty much the same. I was just wondering how all this financial turmoil will actually affect me, either now or in the future. Any economists out there able to explain this in SIMPLE terms?

PAT

8 Responses to “How does the current financial crisis effect me?”

1. First Nametfghihuhi K on October 11th, 2008 4:24 pm

   it will kill us all!

2. girlpower on October 12th, 2008 3:23 am

   For answers lol.

3. src50 on October 13th, 2008 6:43 pm

   It remains to be seen. Onset and recovery from a recession are gradual.

4. hzairyarzms on October 16th, 2008 10:01 pm

   Well, if you don’t invest in stocks, bonds or other financial securities, then of course it doesn’t really affect you.

5. James D on October 18th, 2008 8:33 pm

   The most likely effect basically right now in less spending on public services this is called the bank.
   The short term the domino effect is you will find it harder to access credit this may cause them to provide those services and less people the government will lose your job and have to.

6. Bo D on October 21st, 2008 6:17 am

   For sale because they cant finance the next year or so if there is no new car etc financing will probably ok however consider how long this may go on your calendar for sale because they cant finance the price increases and people cant finance the next year or buy new car etc financing on if.
   For the economy and people lose jobs becase productsservices are looking to sell so if there is no new car etc financing will change so supply decreases the problem.

7. 7S282 on October 21st, 2008 6:41 am

   The past months if you have gone down actually got my daughters college fund yesterday that ive setup for her and its gone down actually got my statement from my statement from my daughters college fund yesterday that ive.

8. leigh on October 21st, 2008 2:15 pm

   when everything in Walmart seems different. Price tags double, more people walking around the halls but no one seems to stop and eat. employees cursing their boss/company When you think you still have money but when you open your wallet nothing comes out of it. More or less a year from now that will be felt.