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Big Depression

Discuss Big Depression within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Any views from paople who think that the current financial meltdown is going to really bad. Advertisements...

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rancer28
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Big Depression - October 28th, 2008

Any views from paople who think that the current financial meltdown is going to really bad.
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Cityboy Maulik
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Re: Big Depression - October 28th, 2008

i think it will be the same which was in 1930 //mba jobs also get affected by this depression////
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Hitesh Chadha
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Re: Big Depression - October 29th, 2008

yes even i feel the same .................................................. ....................................
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Bhavana K
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Re: Big Depression - October 29th, 2008

Hope the Financial depression is not like that of 1930s .The job market is seriously hit.
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CLYBritton
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Re: Big Depression - October 30th, 2008

Problem is that in the 1930's, the world was extremely different and a recovery was much easier to achieve. Today with global markets so tied up together, the health of so many national economies being dependant on orgs like the World Bank, etc. , floating of global currencies, financial speculation, greater market fluidity, etc. etc. etc..... well, things may recover (and lets hope they do) but there needs to be a move away from fundementalist ideology controlling political and business decisions or global disaster is inevidable sooner or later....
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puja2008
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Re: Big Depression - October 30th, 2008

yes its bad, but not exactly as the 1930's depression...
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Saket Khaitan
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Re: Big Depression - December 15th, 2008

this is definely a big fall in market and all but not a depression according to me
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Ravindra Desai
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Re: Big Depression - January 21st, 2009

I am sure taht it will go longer and america has to face it longer and dipper .....even OBAMA also will not save this crisis....
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Krishna Tavvala
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Re: Big Depression - January 22nd, 2009

oooohhhh...don't even dare to compare. 25% unemployment rates, where cash is king, continuous deflation and lot more bad things. We are not even 10% there...I hope we would never get there.
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Srini S
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Re: Big Depression - March 31st, 2009

US umemployment rate reached 8.5%, GM & chysler looking for safe bankrupcy.
When then Automobile cos goes off. unemployment will reach 10 - 12% and will add more problems.
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