Will the USA economic catastrophy result in cheaper stuff for us ?

[Ian Robinson]

ie camera's , lenses , telescopes etc as the american consumers stop spending their $ , if they have any left , and the USA dollar becomes new Paso and falls in value , and as demand in the USA for these things dries up.

[BalderAsir]

only so long as the Aussie dollar doesn't follow...

[casstony]

I think the only goods going cheap will be those being sold by people going broke. The world economy will be doing it tough for at least a few years until asset prices have deflated to reasonable levels and bad debt is dealt with.

[h0ughy]

with our dollar losing more each day - i dont think so

[wavelandscott]

We are simply watching the correction that needed to happen...give it all some time to work through the system and the US economy will come back even stronger.

I am in the US at the moment and while Wall Street is imploding, the common Joe so far does not seem to be too bad off. Compared to most, Wall Street seems pretty far away.

While it will make it harder to borrow money, things were getting pretty loose before this most recent tightening...probably not a bad thing and may actually encourage people to start living within their means...

[CoombellKid]

So where does the average Joe Blow live? seems to me there are alot of
places in the US that are not unlike some war zones around the world. And
I'm not talking about the gangs and other problems they might have I'm
talking about basic infrastructure.

It kinda amazes me that these fat pigs, who are probably the ones who
lobby the the US government to push down the minumim wages now want
those suckers to pay for it. I think regardless of the economy they should
let those fat pig swollow there own doings and slowly die off, it is the
fault of government that allowed them to become a critical cog in their
economy. In other words they allowed them to get too powerful and in the
end government has no control. But I suppose it really isn't about being the
super economy of the world, but the ability to still have the cash flow to
defend itself which has it more worried. I mean the US has certainly pissed
off a lot of people/countries or taken them to war, killed way more innocent
victoms than 9/11 was ever going to... you know that pissed a lot of folks
off. I think you will need to be able to defend yourself from that for years
to come.... cant do that when your broke. Kinda like what Reagan did to
Russia, Bin Laden learnt this and did 9/11. the US is vunerable without it's
cash.

When I was last in the US it certainly didn't hint to me it was a land of the
fee, I couldn't wait to get back to Canada lol

regards,CS

[AstralTraveller]

I always though it was the land of the fee. :rofl::rofl:

[CoombellKid]

:rofl:

Well I suppose they have those folk in San Francisco who are "Free To Be"
that's close enough I guess ;)

regards,CS

[g__day]

No the opposite will happen unfortunately. The AUD reflects the value / health and outlook of commodity markets, this in turn reflects the value of credit and consumer confidence market (to buy our raw commodities) and credit and consumer markets are seeing funds and liquidity going down the toilet as major investment, banking and insurance powerhouses go to the wall.

So we are all linked and America's troubles will not stay on its shores. If they buy half our GDP and go into a tail spin - we get dragged down. Their economic markets sneeze and we catch a cold. When they have more money and liquidity and assurance in their financial infrastructure working and our dollar should rise based on a positive economic outlook of health markets for our goods.

Counter-intuitive huh?

[Jen]

Who knows lets go shopping :whistle:

[qld]

nice to find out where all the converted capitalists have found refuge ,;)now i know where you have been hiding.....,wall st is not the best place to find a shopping mall at the moment...but give it time qld:whistle:

[TrevorW]

Look at Bintel prices everythings gone up at least $30

low inflation low interest rates higher $ exchange rates lower demand are the only things that affect our buying prices

[g__day]

Bintel - last month 127mm Televue APO $8K - today $10K ouch!

[Stephen65]

Today: $13,095...

[Jen]

:eyepop::eyepop:
:sadeyes:

[Whizgig]

IMO The US government is mad, they should make the corporations pay out themselves from their own pocket and bail out the people instead. Give the people of the US government interest free loans to pay of their loans and hit the Corporations where it hurts them in their hip pocket instead of bailing them out at the cost of the taxpayer. I mean you don't see the government bailing out Joe blow down the road in his little garage or shop so why the Banks and Corporations, they are just paying off their mates and its disgusting IMO.