IGCSE/GCSE/O & A Level/IB/University Student Forum

Teachers and Students => Debates => Topic started by: Saladin on September 11, 2009, 11:22:43 pm

Title: Interest and speculation?
Post by: Saladin on September 11, 2009, 11:22:43 pm

Please write your thoughts about interest and speculation, are these truly the real reasons for the global economic crisis?

Title: Re: Interest and speculation?
Post by: astarmathsandphysics on September 11, 2009, 11:29:15 pm

Greed too

Title: Re: Interest and speculation?
Post by: Saladin on September 11, 2009, 11:39:45 pm

Yes ture...

Title: Re: Interest and speculation?
Post by: nid404 on September 12, 2009, 05:05:25 am

And the US government and the Banks.....they made a mess of the whole financial system

Title: Re: Interest and speculation?
Post by: Q80BOY on September 12, 2009, 05:23:35 pm

economic crisis .. puft .. London was full of tourists this summer .. its just a propaganda .. so the US govt looks like a hero (my own theory :))

Title: Re: Interest and speculation?
Post by: Saladin on September 14, 2009, 07:13:41 pm

Yeah, many countries that have invested into tourism, are now in big trouble mainly cuz of economic ruin and also becasue of the global pandemic.

Title: Re: Interest and speculation?
Post by: astarmathsandphysics on September 14, 2009, 10:26:18 pm

Whatever anyoneone invested in apart from mud huts is now being washed away. Including the mud huts in fact.

Title: Re: Interest and speculation?
Post by: Saladin on September 14, 2009, 10:28:55 pm

Ya, casue of floods. The housing industry was seen as an industry that would always boom, now its flat....

Title: Re: Interest and speculation?
Post by: astarmathsandphysics on September 14, 2009, 11:09:16 pm

Yes. In England people are saying our National debt will double in the next 5 years.