So what are you going to do if a crash comes

[The Cosworth]

All this talk about the world markets got me thinking, if the economy slows considerably what would you do if you lost your job? I am not saying that is what is going to happen; I am just not smart enough to really grasp this situation in its entirety.


I think I would go back to school. Wouldn’t mind getting a degree in physics or something.

[Tik-Tok]

Even with a crash, I would not lose my job.

It hasn't seen a single bit of good from the boom, and it wouldn't see a single bit of bad from a bust.

[TKRIS]

1.) Panic
2.) ????
3.) Profit

[Eleanor]

http://upload.wikimedia.org/wikipedia/en/9/98/Winchester_1897.jpg

&

http://www.inf-o.com/ArtInTime/images/campbells.jpg

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http://www.findgenerators.net/Honda%20Generator%20Parts.JPG

[The Cosworth]

Originally posted by TKRIS
1.) Panic
2.) ????
3.) Profit

People still need underpants ;)

[Anomaly]

Originally posted by Eleanor
http://upload.wikimedia.org/wikipedia/en/9/98/Winchester_1897.jpg

&

http://www.inf-o.com/ArtInTime/images/campbells.jpg

&

http://www.findgenerators.net/Honda%20Generator%20Parts.JPG

x2

[BigMass]

I was hoping I’d have at least a few more years before SHTF but it’s looking like those years are turning into weeks.

WAMU failed. China stops money lending to the US. Germany talking about doing the same thing. Bailout running into problems because even the corrupt politicians realize that it will bankrupt the country. People losing their jobs, their houses, dogs and cats living together, mass hysteria!!! And that’s just today!

[rc2002]

The government trying to prevent the economic cycles from happening is just delaying the inevitable. The longer they delay it, the bigger the crash will be.

I've been waiting for this crash for years. The entitlement generation really needs a shakeout - especially here in Calgary.

[snoop101]

Really though a change here in Calgary would be nice. No more of these 16 year old kids walking into a store demanding $15/h. You should have to work for you living and not just have this idea that you need to pay me this much because "you need me".

[Weapon_R]

Originally posted by richardchan2002
The government trying to prevent the economic cycles from happening is just delaying the inevitable. The longer they delay it, the bigger the crash will be.

I've been waiting for this crash for years. The entitlement generation really needs a shakeout - especially here in Calgary.

And in other news, BMW sales in the marketplace are expected to quadruple in the coming months.

[Xtrema]

Originally posted by Weapon_R


And in other news, BMW sales in the marketplace are expected to quadruple in the coming months.

Lowballers rejoice.


Originally posted by richardchan2002
I've been waiting for this crash for years. The entitlement generation really needs a shakeout - especially here in Calgary.

Bitter?


Originally posted by Tik-Tok
Even with a crash, I would not lose my job.

Manwhore?



It's inevitable. If that $700B deal is done in US, expect interest rate to raise to secure the value of $USD. Higher borrowing cost would slow the already close to death economy. If you got money, buy some gold.

[Crymson]

HAHA! I say BRING THE CRASH!

If we can keep our jobs, and keep investing we're be rich as barons. Being young, with relatively few investements, but with the diposable income to buy when there is blood on the streets is the best thing possible for our generation.

In my case, i'm young and have nothing to lose. I didn't overextend myself with montly payments. I work in oil and gas and contiue to pump my extra income into energy and natural resource companies. They are depressed because everything is depressed, but when the reboud comes, it's going to be the companies with tangible assets who come back first, and the hardest. Energy FTW!

[Canmorite]

Originally posted by Crymson
HAHA! I say BRING THE CRASH!

If we can keep our jobs, and keep investing we're be rich as barons. Being young, with relatively few investements, but with the diposable income to buy when there is blood on the streets is the best thing possible for our generation.

In my case, i'm young and have nothing to lose. I didn't overextend myself with montly payments. I work in oil and gas and contiue to pump my extra income into energy and natural resource companies. They are depressed because everything is depressed, but when the reboud comes, it's going to be the companies with tangible assets who come back first, and the hardest. Energy FTW!

Demand for Oil will drop if mass un-employment happens. Demand drops, price drops. Oilsands no longer viable below $xx amount per barrel, and so on. Lay-offs in the Oil sector.

Just a scenario to consider.

[whiskas]

Originally posted by Eleanor
http://www.inf-o.com/ArtInTime/images/campbells.jpg

I wish I was baller enough for campbells soup

http://www.petsmart.com/graphics/product_images/pPETS-3756223t400.jpg

[DayGlow]

put on my jack boots and crack heads at food riots.

[Masked Bandit]

These are the times I'm VERY glad we (our family unit) is debt free with the exception of the mortgage. Even at that, the mortgage isn't terrible. I'll still have a job (insurance broker) although the pay may be a bit lower. The wife is a teacher and can go back to work at anytime so that won't be an issue. I do agree that a crash could be a good wake up call for the 12 - 30 year olds who have only seen good economic times.

[A790]

I'll be fine. I have zero debt, zero commitments, and plenty of liquid assets that I can use if/when shit hits the fan. My industry is pretty much recession proof, as if the US economy tanks I simply shift my advertising to the UK, Australia, China, etc...

[The Cosworth]

Originally posted by Masked Bandit
These are the times I'm VERY glad we (our family unit) is debt free with the exception of the mortgage. Even at that, the mortgage isn't terrible. I'll still have a job (insurance broker) although the pay may be a bit lower. The wife is a teacher and can go back to work at anytime so that won't be an issue. I do agree that a crash could be a good wake up call for the 12 - 30 year olds who have only seen good economic times.

Careful what you wish for. If I get laid off I can't afford my insurance payment.

;)






Just to clarify, things would have to get pretty severe for my company to loose work. I guess that is the benefit of contracting to a government body that sets their own budget with government oversight (kind of)

[snoop101]

I'll go back to working on a cruise ship. You can just block out the rest of the world and enjoy yourself and work.

[Masked Bandit]

Originally posted by The Cosworth


Careful what you wish for. If I get laid off I can't afford my insurance payment.

;)



That is a valid point BUT.....

People will still own homes that need insuring. Even if you get rid of your new car and buy an old one, you still have something to be insured. Yes there may be many households that go from three cars down to two (or two to one) but that just means I will have time to increase my client list.

[max_boost]

Originally posted by richardchan2002
The government trying to prevent the economic cycles from happening is just delaying the inevitable. The longer they delay it, the bigger the crash will be.

I've been waiting for this crash for years. The entitlement generation really needs a shakeout - especially here in Calgary.

Kind of funny really, it wasn't too long ago that you couldn't find help anywhere. People were switching jobs all over the place and now things cool off, I've had a few people asking me for PT work. Ahhhh......lol

[Melinda]

Originally posted by max_boost


Kind of funny really, it wasn't too long ago that you couldn't find help anywhere. People were switching jobs all over the place and now things cool off, I've had a few people asking me for PT work. Ahhhh......lol
I dunno, it still seems like everyone an their uncle's dog still have help wanted signs in their windows. Possibly not the higher up exec jobs or anything, but jobs still are very easy to come by. I'd hate to have to try to pay my mortgage on a fast food or mall job salary though! :rofl:

[snoop101]

Whats kinda funny is that when I lived in Kelowna I was only making $10/h and I thought that was big money. That was only 3-4 years ago. My fiance made less and we were able to pay our mortgage and car loan.

[max_boost]

Originally posted by Melinda

I dunno, it still seems like everyone an their uncle's dog still have help wanted signs in their windows. Possibly not the higher up exec jobs or anything, but jobs still are very easy to come by. I'd hate to have to try to pay my mortgage on a fast food or mall job salary though! :rofl:

I don't think anyone works at a fast food restaurant or mall job to pay their mortgage lol It's supplemental income to help out the family or for those who live at home trying to get through school etc.

[Buffalo Soldier]

Buy lots and lots of Gold.

[CUG]

Originally posted by Buffalo Soldier
Buy lots and lots of Gold. :) Silver too if you can't afford 1000 an ounce for gold.

I don't know what I'd do. I might consider australia and let my credit take a shit. Don't know.

[A790]

... or you could be smart, reduce your expenses, save some money, and continue to make smart, educated financial decisions.

[Altezza]

Originally posted by richardchan2002
The government trying to prevent the economic cycles from happening is just delaying the inevitable. The longer they delay it, the bigger the crash will be.

I've been waiting for this crash for years. The entitlement generation really needs a shakeout - especially here in Calgary.

:werd: I've been calling this since 2005. Everyone thought I was high when I stated that the US Economy would be in recession and gold at $1000 by the end of the decade.